The Reserve Bank of Zimbabwe (RBZ) has released a list of the Top 100 beneficiaries or companies and individuals from the RBZ Forex Auction since its inception back in June last year and the list is as follows.
Top 100 Beneficiaries of the Reserve Bank of Zimbabwe (RBZ) Forex Auction
#
COMPANY
AMOUNT (USD)
PROPORTION
1
CANGROW TRADING (PVT) LTD
12,000,127
1.9%
2
STANBIC INVESTOR SERVICES (NOMINEES)
11,198,929
1.8%
3
BLUE RIBBON FOODS LTD
10,498,404
1.6%
4
SURFACE WILMAR PVT LTD
9,178,889
1.4%
5
NATIONAL FOODS LIMITED
8,306,107
1.3%
6
VARUN BEVERAGES ZIMBABWE PVT LTD
7,695,496
1.2%
7
SABLE CHEMICAL INDUSTRIES LIMITED
7,547,696
1.2%
8
ZIMBABWEAN BRANDS
6,205,024
1.0%
9
WILLOWTON GROUP (ZIMBABWE)
5,671,914
0.9%
10
WINDMILL (PVT) LTD
5,487,243
0.9%
11
UNITED REFINERIES P/L
5,094,302
0.8%
12
NEON SHADES PVT LTD
5,056,800
0.8%
13
DENDAIRY LIMITED
4,886,259
0.8%
14
MEGA MARKET
4,498,823
0.7%
15
FERTS SEED & GRAIN P/L
4,421,245
0.7%
16
NATPAK (PVT) LTD
4,361,120
0.7%
17
DAIRIBORD ZIMBABWE LIMITED
3,817,199
0.6%
18
ZIMBABWE SILICATES HOLDINGS
3,763,604
0.6%
19
PRODAIRY (PVT) LTD
3,575,974
0.6%
20
TELONE
3,565,905
0.6%
21
ZIMBABWE FERTILISER COMPANY LIMITED
3,365,159
0.5%
22
PAPERHOLE INVESTMENTS
3,361,285
0.5%
23
VALLEY SEEDS ZIMBABWE PVT LTD
3,350,000
0.5%
24
HAMPTONS INCORPORATED PVT LTD
3,215,607
0.5%
25
RAWFERT OFFSHORE SAL
3,162,000
0.5%
26
PURE OIL INDUSTRIES
3,132,500
0.5%
27
BLACKBOX INVESTMENTS PVT LTD
3,100,313
0.5%
28
ESSAR TUBES AND TOWERS
2,926,626
0.5%
29
AFRICA STEEL (PVT) LTD
2,743,840
0.4%
30
CRASTER INTERNATIONAL (PVT) LTD
2,713,204
0.4%
31
BOC GASES ZIMBABWE
2,702,266
0.4%
32
FARM AND CITY (CFI)
2,681,788
0.4%
33
OMNI TECHNOLOGIES
2,540,428
0.4%
34
HUNYANI PAPER & PACKAGING 1997 (PVT) LTD
2,538,544
0.4%
35
FASTJET ZIMBABWE P/L
2,491,604
0.4%
36
SCB SECURITIES SERVICES AC
2,487,039
0.4%
37
LOTUS STATIONERY MANUFACTURERS
2,379,849
0.4%
#
COMPANY
AMOUNT (USD)
PROPORTION
38
TETTOLA INVESTMENTS PVT LTD
2,366,771
0.4%
39
CHINA NANCHANG ENGINEERING P/L
2,323,280
0.4%
40
OILMARK PVT LTD
2,260,865
0.4%
41
ATRIA COMMODITIES P/L
2,250,321
0.4%
42
CENTRAL AFRICAN BUILDING SOCIETY (CABS)
2,233,983
0.3%
43
PANGOLIN PRODUCTS PVT LTD
2,222,423
0.3%
44
IETC ZIMBABWE (PVT) LTD
2,220,000
0.3%
45
TYREZIM PVT LTD
2,209,589
0.3%
46
EKEZAL ENTERPRISE PVT LTD
2,206,387
0.3%
47
BREASTPLATE SERVICES
2,149,710
0.3%
48
CITY GLASS & PAINT SUPPLIERS
2,145,512
0.3%
49
SYNDICATED RESOURCES PVT LTD
2,111,950
0.3%
50
REINFORCED STEEL CONTRACTORS ZIMBABWE (PVT) LTD
2,057,657
0.3%
51
ENGEN PETROLEUM ZIMBABWE (PVT) LTD
2,054,734
0.3%
52
MEGA MARKET MILLING PVT LTD
2,015,876
0.3%
53
ALL COMMODITY EXPORTS P/L
1,995,502
0.3%
54
PROBOTTLERS (PVT) LTD
1,976,469
0.3%
55
GRIPTON INVESTMENTS PRIVATE LIMITED
1,970,318
0.3%
56
INTREPID TRADING
1,964,270
0.3%
57
THE ZIMBABWE BATA SHOE COMPANY LTD
1,946,163
0.3%
58
MASHWEDE DIESEL SERVICES (PVT) LTD
1,941,978
0.3%
59
OLIVINE INDUSTRIES (PVT) LTD
1,935,440
0.3%
60
GERIBRAN SERVICES T/A TRANSERV
1,934,506
0.3%
61
INNSCOR DISTRIBUTION LTD
1,934,413
0.3%
62
ZUVA PETROLEUM PVT LTD
1,929,929
0.3%
63
DULY HOLDINGS LTD
1,929,900
0.3%
64
PROBRANDS (PVT) LTD
1,907,377
0.3%
65
BULLION COMMODITIES INTERNATIONAL
1,907,194
0.3%
66
NETONE
1,885,339
0.3%
67
AFGRI ZIMBABWE (PVT) LTD
1,878,117
0.3%
68
BARZEM P/L
1,875,016
0.3%
69
MEGA PAK ZIMBABWE PVT LTD
1,856,111
0.3%
70
CP CHEMICALS
1,851,433
0.3%
71
CAFCA LIMITED
1,790,002
0.3%
72
SONDELANI RANCHING
1,774,938
0.3%
73
PAZA BUSTER CAR SALES
1,724,942
0.3%
74
YZ HOLDINGS PVT LTD
1,716,688
0.3%
75
POMONA HARDWARE SUPPLIES (PRIVATE) LIMITED
1,692,075
0.3%
76
POLY PACKAGING PVT LTD
1,691,359
0.3%
77
VITAL LOGISTICS ZIMBABWE (PRIVATE) LIMITED
1,678,699
0.3%
78
POWERSPEED ELECTRICAL LTD
1,668,401
0.3%
79
BLOOMSHELTER INVESTMENTS PVT LTD
1,653,469
0.3%
80
FLIK-NIK ENTERPRISES
1,652,453
0.3%
#
COMPANY
AMOUNT (USD)
PROPORTION
81
NATIONAL AIDS COUNCIL
1,650,000
0.3%
82
CREDFIN PVT LTD
1,618,623
0.3%
83
BRITISH AMERICAN TOBACCO ZIMBABWE P/L
1,612,101
0.3%
84
CONTINENTAL MILLERS PVT LTD
1,607,670
0.3%
85
CAPRI APPLIANCES P/L
1,593,774
0.2%
86
PROTON BAKERS (PVT) LTD
1,588,671
0.2%
87
GRAINCO (PVT) LTD
1,582,794
0.2%
88
PHARMACEUTICAL & CHEMICAL DISTRIBUTORS
1,552,171
0.2%
89
LEMONSEED INVESTMENTS PVT LTD
1,544,842
0.2%
90
PAROAN VISTA P/L
1,535,574
0.2%
91
PREMIER AUTO SERVICES
1,528,224
0.2%
92
TRAYLISH INVESTMENTS (PVT LTD
1,518,507
0.2%
93
IRVINES ZIMBABWE (PVT) LIMITED
1,514,535
0.2%
94
DRIP TECH IRRIGATION
1,511,908
0.2%
95
AE ELECTRICAL
1,508,987
0.2%
96
ORIGEN CORPORATION GROUP
1,470,405
0.2%
97
EDNAT MINING SOLUTION PVT LTD
1,453,578
0.2%
98
SANDVIK MINING AND CONSTRUCTION ZIMBABWE
1,450,000
0.2%
99
AGRICON EQUIPMENT (PVT) LTD
1,439,284
0.2%
100
ARENEL (PVT)LTD
1,429,718
0.2%
SUBTOTAL
290,926,036
45%
OTHER COMPANIES/INDIVIDUALS
348,576,671
55%
TOTAL
639,502,707
100%
Not the most comprehensive list because it only contains 45% of all the sum total auctioned off. It would have been nice if the Reserve Bank of Zimbabwe (RBZ) had a full list of all the companies and individuals that have bought Forex through the auction.
why is does Paroan charge their products using parallel rate yet they are getting forex on rbz auction?
Anonymous
Same as innscor with their rate of 110
Anonymous
Selling forex to banks also – WHO are the final recipients. Would also be good to know the reasons some of those top companies got forex and how they used it!
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3 comments
why is does Paroan charge their products using parallel rate yet they are getting forex on rbz auction?
Same as innscor with their rate of 110
Selling forex to banks also – WHO are the final recipients. Would also be good to know the reasons some of those top companies got forex and how they used it!