Delta shrugs off economic woes

Zimbabwe Stock Exchange-listed beverage maker Delta Corporation will shrug off economic problems besetting the economy and continue to register growth, an international advisory firm has said.

Renaisance Capital (RenCap), in its sector report for the bellwether stock, said Delta would this year remain resilient despite a recent cut in economic growth projections.

Last month, Finance minister Tendai Biti revised downwards the country’s economic growth projections from 9,4% to 6,5% on the back of underperformance of diamond revenue and subdued performance of the manufacturing sector.

This story is for NewsDay subscribers.