AB InBev's Zimbabwe Head Sees Long Winter Ahead as Demand Slumps
- Inflation eroding consumers’ disposable incomes: Delta CEO
- IMF forecasts Zimbabwe’s economy will contract 5.2% this year
Photographer: Alex Flynn/Bloomberg
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Delta Corp., Zimbabwe’s biggest company by market value, is bracing for cash-strapped consumers to spend less on its beverages in the months ahead.
The manufacturer of Zambezi Lager beer and Coca-Cola Co. sodas is already grappling with foreign-exchange shortages that are crimping its ability to procure raw materials and service debt. Demand for its products is also being constrained by an inflation rate at 75.9% -- the highest in a decade.