- GMAZ warns of potential rice price hike from US$2 to US$3 due to 15% VAT
- Concerns raised about impact on domestic rice market and consumer spending
- Possibility of cheaper, VAT-free rice imports from South Africa flooding the market
- Threat to 2,800 local jobs in the rice sector and existing infrastructure
- Rice consumption in Zimbabwe is high, with potential health implications of price inflation
- Nutritional benefits of rice over maize-meal highlighted
- Urgent call for government to reconsider VAT imposition on rice to prevent negative effects on economy and public health
Source: bulawayo24.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
