The Governor of the Reserve Bank of Zimbabwe (RBZ), Dr John Mangudya has issued a statement on the foreign currency allotments under the central bank’s forex auction system from June last year to September this year. Pindula News presents Mangudya’s statement.
FOREIGN EXCHANGE ALLOTMENTS UNDER THE FOREIGN EXCHANGE AUCTION SYSTEM FOR THE PERIOD JUNE 2020 TO SEPTEMBER 2021 AND FOREIGN EXCHANGE PAYMENTS FOR THE PERIOD JANUARY 2021 TO SEPTEMBER 2021
In line with the Bank’s commitment to regularly keep the public informed of developments in the foreign exchange market, the Bank hereby publishes the following:
1. A list of the 1 822 beneficiaries of US$1 859 080 165 allotted under the Main Foreign Exchange Auction;
2. A list of the 4 136 beneficiaries of US$267 395 337 allotted under the SMEs Foreign Exchange Auction; and
3. A Schedule showing the total foreign exchange payments by source for the period January 2021 to September 2021 amounting to US$4 928 568 047 broken down as follows:
– foreign currency accounts (US$3 151 356 235), interbank market (US$275 670 287) and the Foreign Exchange Auction System (US$1 501 541 525).
The auction system remains the most diversified source of foreign exchange with more than 5 958 entities having accessed foreign currency through the Main Auction and the SMEs Auction.
The bulk of the allotted funds (60%) has gone towards payment for raw materials (US$857.6 million) and machinery and equipment (US$421.7 million) and the residual 40% going towards payment for consumables, pharmaceuticals and other critical needs of the economy as reflected in the tables below.
NO
|
BIDDER
|
JAN -SEP 2021
|
JUN-DEC 2020
|
TOTAL
|
SHARE (%)
|
1
|
BLUE RIBBON FOODS LTD
|
10,498,404
|
16,551,059
|
27,049,463
|
1.5%
|
2
|
VARUN BEVERAGES (ZIMBABWE) (PVT) LTD
|
8,233,042
|
16,354,478
|
24,587,520
|
1.3%
|
3
|
UNITED REFINERIES LTD
|
6,874,844
|
14,919,881
|
21,794,725
|
1.2%
|
4
|
CANGROW TRADING
|
8,690,105
|
11,914,332
|
20,604,437
|
1.1%
|
5
|
SURFACE WILMAR PVT LTD
|
7,646,492
|
9,957,727
|
17,604,219
|
0.9%
|
6
|
WILLOWTON GROUP ZIMBABWE
|
5,210,883
|
11,986,081
|
17,196,964
|
0.9%
|
7
|
DAIRIBORD ZIMBABWE P/L
|
4,832,119
|
11,699,174
|
16,531,293
|
0.9%
|
8
|
OLIVINE INDUSTRIES
|
5,935,069
|
10,466,308
|
16,401,376
|
0.9%
|
9
|
PURE OIL INDUSTRIES (PVT) LTD
|
6,848,464
|
8,430,948
|
15,279,412
|
0.8%
|
10
|
ZFC LIMITED
|
4,186,899
|
8,938,454
|
13,125,353
|
0.7%
|
11
|
WINDMILL (PVT)LLD
|
5,389,954
|
7,659,854
|
13,049,808
|
0.7%
|
12
|
DENDAIRY LIMITED
|
4,560,585
|
7,974,376
|
12,534,961
|
0.7%
|
13
|
NATIONAL FOODS (PVT) LTD
|
7,497,000
|
4,876,334
|
12,373,334
|
0.7%
|
14
|
ZIMBABWEAN BRANDS
|
5,381,089
|
6,594,342
|
11,975,431
|
0.6%
|
15
|
TELONE (PRIVATE) LIMITED
|
3,965,149
|
7,625,332
|
11,590,481
|
0.6%
|
16
|
SABLE CHEMICAL INDUSTRIES
|
3,651,978
|
7,849,364
|
11,501,342
|
0.6%
|
17
|
NATPAK PRIVATE LIMITED
|
4,566,081
|
6,305,447
|
10,871,528
|
0.6%
|
18
|
HUNYANI PAPER & PACKAGING (1997) (PVT) LTD
|
4,652,932
|
5,980,923
|
10,633,855
|
0.6%
|
19
|
TREGER PRODUCTS
|
1,314,181
|
8,843,946
|
10,158,126
|
0.5%
|
20
|
PRODAIRY (PVT) LTD
|
3,442,445
|
6,173,496
|
9,615,942
|
0.5%
|
21
|
SCHWEPPES ZIMBABWE LIMITED
|
736,297
|
8,782,740
|
9,519,037
|
0.5%
|
22
|
BARZEM ENTERPRISES (PVT) LTD
|
2,124,114
|
6,775,547
|
8,899,661
|
0.5%
|
23
|
REINFORCED STEEL CONTRACTORS (PVT) LTD
|
2,166,542
|
6,523,317
|
8,689,859
|
0.5%
|
24
|
MEGAPAK ZIMBABWE PVT LTD
|
1,906,111
|
6,280,396
|
8,186,507
|
0.4%
|
25
|
UNILEVER ZIMBABWE PVT LTD
|
1,577,596
|
6,477,166
|
8,054,762
|
0.4%
|
26
|
ZUVA PETROLEUM (PVT) LTD
|
3,514,345
|
4,514,043
|
8,028,388
|
0.4%
|
27
|
JP MORGAN
|
2,863,016
|
5,127,512
|
7,990,528
|
0.4%
|
28
|
CAPRI APPLIANCES
|
2,173,409
|
5,812,889
|
7,986,298
|
0.4%
|
29
|
FARMEC (PVT) LTD
|
2,574,280
|
5,289,700
|
7,863,980
|
0.4%
|
30
|
ALL COMMODITY EXPORTS PIL
|
1,555,601
|
6,166,300
|
7,721,901
|
0.4%
|
31
|
THE ZIMBABWE BATA SHOE COMPANY (PVT) LTD
|
2,424,895
|
5,260,735
|
7,685,630
|
0.4%
|
32
|
BLACKBOX INVESTMENTS (PVT) LTD
|
2,916,054
|
4,559,341
|
7,475,395
|
0.4%
|
33
|
PROBRANDS (PVT) LT
|
1,903,984
|
5,270,448
|
7,174,432
|
0.4%
|
34
|
AGRI VALUE CHAIN ZIMBABWE (PVT) LTD
|
3,540,983
|
3,590,363
|
7,131,347
|
0.4%
|
35
|
MASHWEDE DIESEL SERVICES
|
3,644,828
|
3,471,532
|
7,116,360
|
0.4%
|
36
|
BANK OF NEW YORK MELLON
|
2,346,589
|
4,499,401
|
6,845,991
|
0.4%
|
37
|
ESSAR TUBES AND TOWERS
|
2,805,000
|
3,842,385
|
6,647,385
|
0.4%
|
38
|
BOC ZIMBABWE (PVT) LTD T/A BOC GASES
|
2,488,982
|
4,075,559
|
6,564,541
|
0.4%
|
39
|
CRASTER INTERNATIONAL PVT LTD
|
2,690,000
|
3,813,403
|
6,503,403
|
0.3%
|
40
|
CAFCA LIMITED
|
1,360,698
|
5,068,851
|
6,429,549
|
0.3%
|
41
|
VALLEY SEEDS ZIMBABWE PVT LTD
|
4,300,000
|
2,122,740
|
6,422,740
|
0.3%
|
42
|
RAWFERT OFFSHORE SAL
|
2,869,028
|
3,460,718
|
6,329,746
|
0.3%
|
43
|
LOTUS STATIONERY MANUFACTURERS T/A RANK ZIMBABWE
|
2,461,152
|
3,710,622
|
6,171,774
|
0.3%
|
44
|
MEGA MARKET MILLING (PVT) LTD
|
2,529,520
|
3,632,280
|
6,161,800
|
0.3%
|
45
|
STATE STREET BANK
|
2,687,940
|
3,440,870
|
6,128,809
|
0.3%
|
46
|
PHARMACEUTICAL AND CHEMICAL DISTRIBUTORS
|
1,888,103
|
4,128,377
|
6,016,480
|
0.3%
|
47
|
PAZA BUSTER CAR SALES
|
1,154,981
|
4,764,153
|
5,919,133
|
0.3%
|
48
|
CP CHEMICALS
|
2,342,308
|
3,566,159
|
5,908,467
|
0.3%
|
49
|
INTRACHEM (PVT) LTD
|
975,737
|
4,885,162
|
5,860,899
|
0.3%
|
50
|
MEGA MARKET (PVT) LTD
|
3,037,503
|
2,813,774
|
5,851,277
|
0.3%
|
51
|
KEFALOS CHEEESE PRODUCTS P/L
|
1,351,941
|
4,305,421
|
5,657,362
|
0.3%
|
52
|
POLYPACKAGING (PVT) LTD
|
1,987,930
|
3,590,705
|
5,578,635
|
0.3%
|
53
|
AFRICA STEEL P/L
|
2,200,000
|
3,348,716
|
5,548,716
|
0.3%
|
54
|
UNIVERN ENTERPRISES
|
1,110,615
|
4,338,937
|
5,449,552
|
0.3%
|
55
|
MEDITERRANEAN SHIPPING COMPANY S.A. (ZIMBABWE) (PRIVATE) LIMITED
|
2,309,773
|
3,128,966
|
5,438,739
|
0.3%
|
56
|
STEWARD BANK LIMITED
|
1,950,000
|
3,487,920
|
5,437,920
|
0.3%
|
57
|
ARENEL (PRIVATE) LIMITED
|
2,158,370
|
3,152,627
|
5,310,998
|
0.3%
|
58
|
PREMIER AUTO SERVICES P/L
|
1,980,217
|
3,300,679
|
5,280,895
|
0.3%
|
59
|
PANGOLIN PRODUCTS PRIVATE LIMITED
|
2,231,844
|
3,007,344
|
5,239,188
|
0.3%
|
60
|
DULY HOLDINGS PVT LTD
|
1,737,436
|
3,440,397
|
5,177,832
|
0.3%
|
61
|
CITI BANK
|
776,173
|
4,397,441
|
5,173,613
|
0.3%
|
62
|
NEON SHADES PVT LTD
|
2,320,000
|
2,845,216
|
5,165,216
|
0.3%
|
