Panda farmers decry exclusion from SEZ benefits

SEZ licensed farmers operating in Pandamatenga will benefit from financial incentives that include five percent reduced corporate tax, zero-rated VAT on raw materials, duty-free imports of specialist plant machinery, favourable transfer duty and full repatriation of capital. They will also enjoy fast-tracked land allocations that included long term renewable leases of 99 years.

Speaking in Kasane recently during a consultative meeting organised by the assistant ministers of Agriculture Development and Food Security, Beauty Manake and Investment Trade and Industry, Molebatsi Molebatsi, the farmers complained that they will be excluded from the accrued benefits as they will not be registered as SEZ investors.