Beer company drains ratepayers’ money

Council owned traditional beer brewing company Kwekwe Brewery is reportedly making huge loses forcing, the local authority to use ratepayers’ money to fund the beverage concern.

City treasurer, Rejoice Maweni told a finance committee meeting that the company had become a huge risk to council finances, because it was operating at a huge loss and was now failing to settle its loan with FBC Bank, following a garnishee order issued by Zimbabwe Revenue Authority (Zimra).

According to committee minutes, Maweni said loan arrears of up to $20 000 had accumulated because Zimra was now taking all the deposits made into Kwekwe Brewery, after the company failed to remit taxes and the loan threatened ratepayers money as it was guaranteed by council.

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