Tobacco farmers fret over exchange gap

AdvertisementsTOBACCO farmers say they are losing out on their earnings due to the disparity between official foreign currency exchange rate and parallel market rate. The farmers surrender 40 percent of their foreign currency earnings to the Reserve Bank at the auction rate currently hovering around US$1 to $84. On the parallel market the greenback is…

Subscribe to read full article. Subscribe today

Related posts

Miners face US$10 billion capital funding gap

Zida courts investors with new projects

SA unrest casts pall over local economy

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More