Cash shortages hit tobacco farmers

BANKING institutions operating at Boka Tobacco Auction floors have reportedly been hit by cash shortages leaving farmers in long winding queues as they patiently wait to cash in their cheques, NewsDay has observed.

Report by Tarisai Mandizha

A visit to the auction floor by this newspaper yesterday showed that only three out of 10 banks located at the floors were dispensing cash for tobacco deliveries made by farmers.

Efforts to get comment from the Bankers’ Association of Zimbabwe were in vain.

However, an employee working at one of the banks who requested anonymity confirmed that no funds had been provided to the branch to pay out the restless tobacco farmers.

Tobacco Industry Marketing Board chief executive officer Andrew Matibiri also confirmed the cash shortages.

“At the moment there is only one bank which has cash and the queues are moving slowly. At Boka there is only one bank, but they will all get paid,” said Matibiri.

He, however, attributed the cash shortages to the Independence holiday today.

A tobacco farmer from Marondera, Shylet Nembawana, said there have been delays in cash disbursement from the local banks since Friday last week.

“We are waiting to withdraw our cash, we came on Sunday and we have managed to sell our tobacco today (Tuesday) and now we are waiting to withdraw cash, but we were told there is no cash at the moment,” said Nembawana.

Another farmer from Masvingo Ratidzo Nyathi said the delays in processes at the auction floors were a cause for concern.

“After spending so much time waiting for our cheques and when the bank cheque is ready you later find out that banks have no money,” said Nyathi.

Boka Tobacco Auction floors chief executive officer Rudo Boka, however, said the delays in accessing cash had little to do with Boka as the auction floor was playing its part to ensure that farmers get their money within the shortest period.

She said the floors were processing close to 20 000 transactions daily, adding that it took two hours to issue out a cheque.

“It takes a bit of time to do the transactions,” said Boka
The TIMB system, Boka said, was made in such a way that for cheques to be finally processed all the deductions were supposed to be done and approvals sought from the marketing body.

She said average Boka processes transaction valued at $1, 2 million daily.

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12 Responses to Cash shortages hit tobacco farmers

  1. Dracular April 18, 2013 at 2:06 pm #

    Yes! Black farmers show them that you can use the land better than those former white-collonisers, they used to make you work for them, but now make them pay for you good quality of tobbacco. Remember, they are sabotuors they are trying to sabotage the good work you doing in the farms, so that you are lebebled as failers. Pamberi nekurima!

    • fayzall April 18, 2013 at 8:46 pm #

      Why must you talk shit. The story is about Cash shortages not about stolen land you idiot!!!

  2. mapfupa-edu-achamuka April 18, 2013 at 2:30 pm #

    @dracular, a pocket dictionary would do! You cant do this , coz you end up defeating the purpose of your post. You actually have a good message but you almost killed it !

  3. mapfupa-edu-achamuka April 18, 2013 at 2:31 pm #

    @dracular, better still use rurimi rwaamai. It still works, and could be more effective.

  4. Dracular April 18, 2013 at 5:29 pm #

    @Mapfupa-edu-achamuka thanks mwana waamai, am going to buy one.(pocket dictionary).

  5. Morgan is More April 18, 2013 at 9:46 pm #

    Ungaite basa, ko maizowana nguva yekudzidza sei imi muchitrainer kunoponda baba na amai,

  6. sadza mushumha April 18, 2013 at 10:38 pm #

    Failzal is very stupid. He fails to see the connection between the story and land reform. For the benefit of this brainless fool, it is the land reform that gave black farmers the space to show case their skills previously denied by haughty and hairy farmers being vicariously defended by Faizil. They have come of age reaping great rewards previously limited to white farmers. It is white color that is throwing spanners in the process by way of sanctions that have created shortages in the farming chain processes, now it is cash shortages. I wonder if Fayzal is Zimbabwean.

  7. chandi April 19, 2013 at 4:07 pm #

    @sadza mushumba, oh man why do u unnecessarily and reckleckly abuse the term ‘sanctions’.Why must incompetence and lack of planning on the part of these floors and banks be linked to sanctions.

  8. Jojo April 19, 2013 at 10:35 pm #

    You morgan, just allow yourself a little time to comment the topic. Why do you rush into politics? I think you need a doctor to work on your head. Why are you so provokative and warlike, come on mhani

  9. PMK April 20, 2013 at 9:37 am #

    Masunctions munoaziva imi?

  10. Sabhuku Magigwani April 20, 2013 at 1:21 pm #

    Pane ari kutogadzira mari mukazviongorora kuipa kwechimwe kunaka kwechimwe

  11. oscar April 20, 2013 at 11:10 pm #

    but the GMB silos are empty ?

    we dont eat tobacco do you

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