By Correspondent
Leading brewery Delta Beverages is reportedly demanding payment for its range of products in foreign currency in Mashonaland Central province.
This comes as the value of the local unity is rapidly depreciating against the green back,amidst spiking inflation.
Sources in the market indicate that Delta Beverages Loss controller David Maswera is requesting clients to pay in foreign currency.
“We are saddened by Maswera who is coming to us and demanding payments to be paid in USD but we have not received a formal instruction from the company,” lamented one client in Mazowe.
Added another:”Maswera follows the sales personal in the market and orders them to refuse RTGS yet their company has a falicity to pay in RTGS.
Contacted for comment Delta public relations manager Patricia Murambinda said delta operates within the set laws and regulations of the country hence Maswera’s attitude is questionable.
Delta Loss control manager demands USD from clients
By Simbarashe Sithole
Leading brewery Delta Beverages is reportedly demanding payment for its range of products in foreign currency in Mashonaland Central province.
This comes as the value of the local unity is rapidly depreciating against the green back,amidst spiking inflation.
Sources in the market indicate that Delta Beverages Loss controller David Maswera is requesting clients to pay in foreign currency.
“We are saddened by Maswera who is coming to us and demanding payments to be paid in USD but we have not received a formal instruction from the company,” lamented one client in Mazowe.
Added another:”Maswera follows the sales personal in the market and orders them to refuse RTGS yet their company has a falicity to pay in RTGS.
Contacted for comment Delta public relations manager Patricia Murambinda said Delta operates within the set laws and regulations of the country hence Maswera’s attitude is questionable.
“Delta operates within the set laws and regulations of the country. Currently the Company accepts all currencies permissible by law for trading,” Murambinda said.
Recently, the Treasury assured the market of continued usage of the local currency and that deliberate steps are being taken to strengthen its value so as to restore consumer purchasing power and buttress the economic recovery momentum.
Government has said it will not renege on its policy to mainstream the use of the local currency as this has yielded a positive impact on the overall economy.
Zimbabwe adopted a multicurrency regime, often dominated by the US dollar, in February 2009 to tame inflation.
Presently, the country is using a dual currency monetary regime, a situation that has also been blamed for the volatility of the domestic unit due to the strong preference for US dollars, which now accounts for over 76 percent of transactions
Recently, the Treasury assured the market of continued usage of the local currency and that deliberate steps are being taken to strengthen its value so as to restore consumer purchasing power and buttress the economic recovery momentum.
Government has said it will not renege on its policy to mainstream the use of the local currency as this has yielded a positive impact on the overall economy.
Zimbabwe adopted a multicurrency regime, often dominated by the US dollar, in February 2009 to tame inflation.
Presently, the country is using a dual currency monetary regime, a situation that has also been blamed for the volatility of the domestic unit due to the strong preference for US dollars, which now accounts for over 76 percent of transactions
