Delta Predicts Tough Q4 in Regional Markets : vimarsana.com

Delta Predicts Tough Q4 in Regional Markets


Delta Predicts Tough Q4 in Regional Markets
January 25, 2021
Zimbabwe’s largest alcoholic beverage maker, Delta Corporation Limited (Delta) anticipates a subdued business outturn from its regional markets during the fourth quarter (Q4) due to tighter lockdown restrictions imposed by the government at the beginning of the year amid worsening COVID-19 infection figures.
The Group, which has units in South Africa and Zambia posted notable declines in volumes during the third quarter due to the impact of COVID-19 and the trend is expected to continue following stricter measures on movements following the discovery of a new COVID-19 variant.
“The authorities in regional markets invoked heightened levels of lockdowns in January 2021 in response to the upsurge in COVID-19 infections and emergence of more virulent strains,”

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