Simbisa Announces Customers Buying Using Forex Get Discount
20 December 2018
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By Own Correspondent| Simbisa brands on Wednesday revealed that it will be selling its products in United States dollars at discounted prices compared to the local currencies.

Simbisa runs fast food outlets that include Nandos, Chicken Inn, Fish Inn and Ocean Basket, among others.

Said Simbisa in a statement:

“Due to the prevailing national circumstances, all our bankers are failing to provide us with foreign currency at the regulated exchange rate of 1:1 between the US and local dollars.

… Due to the severe foreign currency shortages facing our the country we are failing to meet outstanding obligations for raw materials and franchise fees which cannot be substituted locally due to intellectual property agreements on brands.”