Harare Bureau-Delta Corporation has reversed a decision to sell its products in foreign currency after the
Reserve Bank of Zimbabwe yesterday assured the manufacturer it would provide the forex required to fund its import requirements.

The firm wanted to price its products in hard currency beginning today.
The decision to reverse the notice was made after Vice President Constantino Chiwenga last night met Delta officials together with RBZ Governor Dr John Mangudya and
Finance and Economic Development Minister Professor Mthuli Ncube.
Dr Mangudya and Delta chief executive Mr Pearson Gowero issued a joint statement after the meeting.
“The parties agreed that Delta withdraws the notice to sell its products exclusively in hard
currency, in the spirit of the multi-currency framework,” read the statement presented to journalists by Mr Gowero.

“The Reserve Bank of Zimbabwe will
endeavour to provide the foreign currency required to ensure that Delta continues to trade on the current basis.”In an earlier interview, Prof Mthuli had appealed to private firms to be patient while Government worked on fiscal consolidation.
“We are saying the private sector should wait for us to give policy.
“They should be patient and see how our fiscal policy is making progress. We are making good progress in fiscal consolidation and once we are ready we will institute the requisite monetary reforms,” said Minister
Ncube.

“They should not rush ahead to choose the currency they think the whole country should adopt. They should just be patient, let us work together. That is really our
message,” he said.Chronicle