HARARE – Delta Corporation, the Zimbabwe associate unit of ABInBev says foreign currency supply has improved on official platforms in Zimbabwe and has notified clients that it no-longer requires payment for soft drinks and alcoholic beverages in United States Dollars.
Delta operations director, Max Karombo, said in a letter to wholesalers and retailers on Tuesday that the forex supply and access situation on the official interbank forex market has improved.
Noted Karombo: “Following the improvement of foreign currency availability on the Interbank market for ongoing operations, we are pleased to offer all our returnable glass packs in RTGS$ with immediate effect. This policy position applies to both beer and soft drinks.”
Inflationary pressures have been on the rampage in Zimbabwe, with the April inflation rate climbing to 75.8%, mainly driven by steep rises in the parallel market forex rates.
Delta Corp said it expected traders to resort back to its suggested prices. This has stoked up expectations of a price reduction for Delta’s alcoholic and soft drink beverages.