RBZ Auction: Forex Allotments June 2020 – September 2021

Source: RBZ Auction: Forex Allotments June 2020 – September 2021 – Lite News by Pindula

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%

More: CONSOLIDATED-AUCTION-ALLOTMENTS-AS-AT-30-09-2021

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