• About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
Thursday, April 22, 2021
Tourism Focus Zimbabwe
26 °c
Harare
18 ° Sun
19 ° Mon
19 ° Tue
20 ° Wed
Advertisement
  • Home
  • NewsLatest
  • EXHIBITION
  • SAFARI
  • TRANSPORT
  • Entertainment
  • PLACES
  • OPINION
  • SPORTS
  • ENVIRONMENT
No Result
View All Result
  • Home
  • NewsLatest
  • EXHIBITION
  • SAFARI
  • TRANSPORT
  • Entertainment
  • PLACES
  • OPINION
  • SPORTS
  • ENVIRONMENT
No Result
View All Result
Tourism Focus Zimbabwe
No Result
View All Result
Home News

Delta Corporation to sell products in US$

Daniel Chigundu by Daniel Chigundu
January 2, 2019
in News
0
Delta Corporation to sell products in US$
4
SHARES
Share on FacebookShare on Twitter

RelatedNews

The return of ZITF, but in July | Tourism Focus Zimbabwe

The return of ZITF, but in July

April 22, 2021
Patrons blocking development of kwaMereki |Tourism Focus Zimbabwe

Patrons blocking development of kwaMereki

April 21, 2021
International tourists to fall 85% in Q1| Tourism Focus Zimbabwe

International tourists to fall 85% in Q1

April 21, 2021
Poor Roads: Zim will fail to retain drive-in tourists

Poor Roads: Zim will fail to retain drive-in tourists

March 30, 2021

GIANTbeverages manufacturing firm, Delta Corporation has advised its wholesale and retail customers that it will now be selling its products in US Dollars beginning Friday (4 January 2019).

ADVERTISEMENT

Delta which accounts for the majority of beverages in the country both alcoholic and sparkling needs about US$40 to US$60 million per year to import raw materials from such countries as Swaziland.

However, due to the prevailing economic hardships in the country, the company has been failing to get enough foreign currency to import the raw materials leading to shortages on the market and threat to close down plants.

Despite buying raw materials in foreign currency, the company has been selling its products for local currency and has not increased its prices since 2009 when the country dollarized.

However, with the economic situation getting worse in the country, Delta said in statement that there is need to protect its over US$600million investment in plant, equipment, vehicles and ancillary services as well as to ensure continued operations, hence the change in currency.

“Our business has been adversely affected by the prevailing shortages of foreign currency, resulting in the company failing to meet your orders and in the case of soft drinks, being out of stock for prolonged periods.

“The new fiscal and monetary policy framework in place since October 2018, does not provide for easy access to foreign currency by non-exporters. The company has only received limited foreign currency allocations from the banking channels, which have not been adequate to fund the import requirements.

“Resultantly all our foreign suppliers are unable to continue providing credit or meet new orders as some of them have not been paid for extended periods.

“In order to sustain its operations, the company advises the retail and wholesale customers that its products will be charged in hard currency with effect from Friday 4th January 2019,” said the company in a letter to customers.

Despite the change in type of currency, Delta has however maintained its pricing especially for sparkling beverages with and is hoping that customers will adhere to the pricing list.

“We attach our current price list and recommended retail prices, which are all in US Dollars. We trust that our customers will continue to charge the recommended retail prices in USD or equivalent currencies based on the multi-currency framework,” said Delta.

Coca-Cola, Fanta, Sprite and Sparletta 300ml (returnable containers) is pegged at US$0.50 cents, while 330ml cans of the same products will fetch US$0.60 cents and it’s the same price for the 300ml PET.

The 500ml PET is pegged at US$1 while a 1 Litre returnable is at US$I and PET of the same quantity is at US$1.40cents.

It however remains to be seen how this change of currency will affect other sectors that rely on the company’s products.

Delta’s alcoholic and none-alcoholic products play a key role in the country’s tourism sector especially the hospitality industry.

Tags: Coca-ColaDelta Corporationswaziland
ADVERTISEMENT
Previous Post

Proposal for Masvingo-Harare-Chirundu railway line

Next Post

Harare to reclaim wetlands

Daniel Chigundu

Daniel Chigundu

Daniel Chigundu is a journalist who writes about tourism, entertainment and parliamentary issues. He is a blogger and works with various organizations on their social media platforms such as OpenParlyZW. He loves to travel and taking pictures of beautiful places. He has been a journalist since September 2009.

Next Post
Harare to reclaim wetlands

Harare to reclaim wetlands

Why Chiremba Balancing Rocks must be developed

Why Chiremba Balancing Rocks must be developed

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter Signup

Recent News

The return of ZITF, but in July | Tourism Focus Zimbabwe

The return of ZITF, but in July

April 22, 2021
Patrons blocking development of kwaMereki |Tourism Focus Zimbabwe

Patrons blocking development of kwaMereki

April 21, 2021
International tourists to fall 85% in Q1| Tourism Focus Zimbabwe

International tourists to fall 85% in Q1

April 21, 2021
Poor Roads: Zim will fail to retain drive-in tourists

Poor Roads: Zim will fail to retain drive-in tourists

March 30, 2021
Matobo Hills Lodge offering free shuttle services

DOWNLOAD: 2021 Easter Holiday packages brochure

March 27, 2021
I am not after mbingas, I just want to be loved

I am not after mbingas, I just want to be loved

February 1, 2021
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Zimbabwe to exhibit at SATTE, targets India market | Tourism Focus

Will Zimbabwe’s tourism sector recover from COVID-19?

March 31, 2020
Meet Quincey Moyo: a Zimbabwean cabin crew member with Emirates

Meet Quincey Moyo: a Zimbabwean cabin crew member with Emirates

August 29, 2019
Why Chiremba Balancing Rocks must be developed

Why Chiremba Balancing Rocks must be developed

January 7, 2019
Meet Merna Cremer a Zimbabwean pilot with Emirates

Meet Merna Cremer a Zimbabwean pilot with Emirates

December 31, 2019
Pamushana Africa Transport promoting domestic tourism

Pamushana Africa Transport promoting domestic tourism

2

Fly Lusaka to Durban this September for US$99

1

Zimbabwe Council of Tourism rebrands

1

Ashanti King coming for Zim Carnival

1
The return of ZITF, but in July | Tourism Focus Zimbabwe

The return of ZITF, but in July

April 22, 2021
Patrons blocking development of kwaMereki |Tourism Focus Zimbabwe

Patrons blocking development of kwaMereki

April 21, 2021
International tourists to fall 85% in Q1| Tourism Focus Zimbabwe

International tourists to fall 85% in Q1

April 21, 2021
Poor Roads: Zim will fail to retain drive-in tourists

Poor Roads: Zim will fail to retain drive-in tourists

March 30, 2021
  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
Call us: +263 77 498 1216

Copyright © 2020 Tourism Focus Zimbabwe

No Result
View All Result
  • HOME
  • NEWS
  • EXHIBITION
  • SAFARI
  • TRANSPORT
  • ENTERTAINMENT
  • PLACES
  • OPINION
  • SPORTS
  • ENVIRONMENT

Copyright © 2020 Tourism Focus Zimbabwe