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

Staff Writer |
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.

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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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