A LOCAL Company Blue Chip trading as Tbacha (Pvt) Ltd has filed an urgent chamber application with the High Court seeking to have its terminated contract for maize procurement deal worth US19 million to be validated.
The company feels short changed by the Government and it cited Ministry Finance, Reserve Bank of Zimbabwe and the Grain Marketing Board (GMB) respectively as respondents in the application.
Tbacha is demanding that the court should stop the Government from cancelling their contract but rather allow them to make the maize delivery as per the agreement and want all payments to be done on time to them.
Tbacha director Nyasha Chabata in his founding affidavit said the country was in dire need of maize and is still buying maize for that matter.
“Covid-19 is just being used as a red herring because we face food shortages and government has even gone to appeal for food for over seven million people due to the drought. Obviously my order will not disturb the respondents at all because they are still buying maize,” Chabata said.
The company alleges that it made losses of over US$10 million worth of maize due to weather, lack of storage and theft and added that it suffered over US$1 million in debt sourced from credit lines.
However, the GMB officer Obert Paradzayi opposed the company’s application saying its claims were baseless.