01-04-19 by Spotlight Zimbabwe

Delta reverses hard currency pricing

 

Delta Beverages has reversed charging beverage products in hard currency after the Reserve Bank of Zimbabwe (RBZ) assured it of steady allocation of forex for critical inputs.

The development was announced during a joint media briefing between RBZ and Delta Corporation following a meeting convened by Vice President Constantino Chiwenga at Munhumutapa offices this evening.

The Reserve Bank of Zimbabwe Governor Dr John Mangudya says it will endeavour to provide the foreign currency required ensuring that Delta continues to trade on the current basis.

Yesterday, Delta Corporation had announced that it would start selling all its products in foreign currency with effect from tomorrow (Friday) citing that its business had been ‘adversely affected’ by shortages of foreign currency, which had resulted in the company failing to meet orders, with soft drinks being out of stock for prolonged periods.

ZBC

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