Monday , January 25 2021

AB InBev says a new tax has led to a panic in buying beer in Zimbabwe



AB InBev's interest in Zimbabwe has shown that the government refuses to contradict the taxation of money transfers to drive panic to buy beer and fuel disturbances and to guard the buffer at six months of sale.

The Delta, which has the biggest brewery in the world as its biggest shareholder, said that business confidence has deteriorated in the country by "controversial statements by the authorities". Fuel shortages have bothered deliveries, while rising demand has produced the market unpredictable, the scoreboard reported on Wednesday.

Last month, Zimbabwe's Finance Minister Mthuli Ncube presented a payment to remedy state funding, only to President Emmerson Mnangagwa, who announced a review after the panic in buying-in and commodity prices.

Money market crises and savings measures have also hurt consumers, but without seeing the recovery of the economy, Robert Mugabe's annual debt disappears.

Delta's performance over the six months until the end of September was beneficial for the optimistic mood of the legislature when sales of the mall dropped by 54 percent to $ 187 million. The volumes exceeded their historic peak in 2012-2013, and also the production of durum wheat grew.

Bloomberg


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