Delta Corporation, the largest drinks manufacturer in Zimbabwe, had reported an en masse slump at its sales over the first half of its fiscal year, as the Zimbabwean drinks manufacturer’s sales were hit with a whiplash of as much as 48 per cent over the first half of the year on an annualized basis, while the Delta Corp.
executives were reportedly accusing a steep shortage of electricity and fuel behind its havoc scale decline in output and distribution. In point of fact, the grief-sickened southern African nation, which had been facing off its worst economic downturn in decades, had been met with a severe drought last year that had worsened the situation further and led to severe decline in water levels in the dams required for generating hydro-power, prompting an 18-hour electricity cuts on a regular basis which had been toiling millions of dollars from the landlocked Southern African nation’s industries and mines.
Meanwhile, addressing to an utter lack of FX reserve in the country that had been disrupting electricity supply alongside fuels and causing a mass disruption in production lines, Delta said in a statement later this week, “Our production and distribution operations were disrupted by the shortages of electricity and fuel, which in themselves are a manifestation of the limited availability of foreign currency. ”