From
May, 2016
the Reserve Bank of Zimbabwe announced an export incentive on the gold proceeds received for all large scale gold mine producers. For fiscal
2017,
Blanket was awarded an increased export incentive of
3.5%
from the previous
2.5%
on all proceeds for gold sold to Fidelity Printers and Refiners Limited. All incentives granted by the Zimbabwean government were included in other income when determined receivable.
