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Zimbabwe government opposes Delta Beverages’ hard currency payment planThe industry and commerce minister has slammed the move by the brewer, saying accepting only certain forms of payment is illegal
Source: BDliveSA - 🏆 12. / 63 Read more »
AB Inbev brewing partner in Zimbabwe hikes beer prices by 25%Like many companies in Zimbabwe, Delta, which is 40% owned by Anheuser-Busch Inbev, has been hit by an acute shortage of United States (US) dollars.
Source: ewnupdates - 🏆 30. / 53 Read more »
AB InBev's Zimbabwe unit to abandon cash plan after government opposition | IOL Business ReportZimbabwe's reserve bank will try to provide the foreign exchange required by Delta to continue trading at current levels.
Source: IOL - 🏆 46. / 51 Read more »
AB inBev's Zim unit to charge in US dollars amid forex crunch | IOL Business ReportIn a circular dated January 2, Delta said it would from Friday stop selling its beers and soda drinks in the surrogate 'bond note' currency.
Source: IOL - 🏆 46. / 51 Read more »
Thirst for hard currency sees Zim drinks company ditch bond notesOne of Zimbabwe's leading taxpayers, Delta Beverages, will demand payment in foreign currency for its products from Friday, effectively shutting the door on bond notes. And here we all thought that land would cure all Zims troubles.
Source: TimesLIVE - 🏆 28. / 59 Read more »