Friday, January 14, 2011

Zitac's U.S.$350 000 Debt Raises More Tobacco Smoke


(allAfrica.com) THE Zimbabwe Industry Tobacco Auction Centre (Zitac) faces a fresh storm over a debt of US$350 000 owing to tobacco merchant, Mashonaland Tobacco Company (MTC), while reports suggest that the company has not fully paid a tobacco levy for the last marketing season. Documents to hand show that Zitac has failed to reimburse MTC, a tobacco merchant company, funds for deliveries since the auction floors closed last September. Continued

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