Bulawayo shops that were looted and destroyed by violent protesters last week lost stock from the Grain Millers’ Association of Zimbabwe (GMAZ) worth more than $3 million.
Speaking after touring milling companies in Bulawayo yesterday, GMAZ chairman Mr Tafadzwa Musarara said last week’s disturbances left businesses counting huge losses. Said Musarara:
The maize meal that we had supplied to shops on account and was yet to be paid for was looted and it amounts to $1,3 million while the rice, salts and other products that we had supplied to the retailers amounts to $1,7 million and this is in Bulawayo only. We’re looking at a loss of $3 million. We’ve incurred a loss which is not insurable and these are our customers that we’ve known for years and they always meet their payment obligations. We’re now faced with the reality of writing off those debts and I don’t think it’s fair