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AB Inbev's Zimbabwe unit ends plan to accept only cash

Staff Writer | January 4, 2019
Zimbabwe's largest brewing company Delta Beverages, 40 percent owned by Anheuser-Busch Inbev, said it has abandoned the plan to only accept hard currency payments due to crippling shortage of U.S. dollars after talks with the government and central bank.
Delta Beverages
Africa   Zimbabwe's reserve bank will try to provide the foreign exchange
Zimbabwe's reserve bank will try to provide the foreign exchange required by Delta to continue trading at current levels, the bank and Delta said in a joint statement late Thursday.

Earlier this week, Delta Corp said its beverages subsidiary will accept hard currency only from Jan. 4 to protect itself from a shortage of U.S. dollars in the country.


 

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