Published: 07 February 2014

The local yeast industry is losing more than $3 million annually through smuggling of the product from South Africa and Zambia by some unscrupulous businesses in the country, an industry player said yesterday.

The Zimbabwe Revenue Authority recently intensified measures to curb the rampant smuggling of yeast, which is threatening domestic companies and efforts at reviving the industry after a decade of economic instability.

Anchor Yeast Holdings chief operating officer Muvirimi Kupara said the local yeast industry was under threat from imports and the smuggling of huge volumes of yeast into the country.
- herald