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A prominent industrialist has said competing regional manufacturers are fishing for United States dollars in the Zimbabwean market.
Charles Msipa, managing director of Schweppes Zimbabwe Limited (SZL), observed that the quick dollarisation of Zimbabwe’s economy will be accompanied by a surge in imports onto the local market.
Msipa was commenting on the proliferation of the <a href="https://www.pindula.co.zw/Mazoe_Orange_Crush">Mazoe Orange Crush</a> beverage imported from neighbouring Zambia, according to <a href="https://www.theindependent.co.zw/local-news/article/200006680/regional-industrialists-invade-zim-market-for-usd">The Independent</a>. Msipa said:
<blockquote>
Schweppes Zimbabwe Limited has adequate stocks of juice to meet the demand for local and export markets. As our economy dollarises, we will see an influx of imported consumer products from regional markets “fishing for US dollars in the Zimbabwe market.
This was the case from 2010-2016 and involved various consumer products from Zambia, Mozambique, Malawi and South Africa. As we dollarise, the local industry becomes less competitive with a US dollar cost base and products from markets with softer currencies become more competitive in our US dollar market.
</blockquote>
SZL is currently exporting 10% of their Mazoe cordial output to Botswana and South Africa.
During Zimbabwe’s first dollarisation spell which came in 2009, local retailers imported goods mostly from South Africa.
The government opened up for the importation of some goods duty-free as a way of improving access to affordable basic commodities arguing that the local industry was raising prices because it had no competition. 
This gave regional industrial enterprises the chance to enter the Zimbabwean market in search of the US dollar.
Industry analysts predict that industry capacity utilisation which is now at a 10-year high level of roughly 60% will further drop as a result of market liberalisation and the dollarisation of the economy.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

Pindula News

"Regional Companies Fishing For USD In The Zimbabwe Market" - Industrialist

<a href="https://www.pindula.co.zw/Schweppes_Zimbabwe" rel="noopener noreferrer" target="_blank">Schweppes Zimbabwe Limited</a> set to resume production of its <a href="https://www.pindula.co.zw/Mazoe_Orange_Crush" rel="noopener noreferrer" target="_blank">Mazoe Orange Crush</a> brand next month following its suspension last year.
The company owed US$10 million in debt to the Coca Cola Company for unpaid deliveries of key raw materials.
The Independent reports that Schweppes secured a steady shipment of raw materials from Turkey. The publication cites its source as saying:
<blockquote>As Schweppes, we are pleased to announce that following negotiation with suppliers in Turkey, we will be receiving shipments of concentrates which are a key ingredient in the production of Mazoe Orange Crush. The product will be back on the market within the next month.</blockquote>
The company is reported to be engaging local citrus farmers to ensure a guaranteed production and supply of oranges, which constitute the key raw material of Mazoe Orange Crush.
Mazoe Orange Crush is exported to several regional countries, among them are Namibia, Zambia, South Africa and Botswana.
Schweppes had replaced Mazoe Orange Crush with Mazoe Mango Crush on shop shelves.
<h4>More: <a href="https://www.theindependent.co.zw/2020/02/14/schweppes-to-resume-production-of-mazoe/" rel="noopener noreferrer" target="_blank">The Independent</a></h4>

Mazoe Orange Crush To Hit Shop Shelves Next Month

Social media is awash with pictures purporting to show that some major retailers have slashed prices of some goods. An example is OK Zimbabwe which has reportedly reduced the price of Mazoe Orange Crush from ZWL$21.00 to ZWL$16.95.
See Picture below:

PICTURE: OK Zimbabwe Slashes Price Of Mazoe Orange Crush

Mazoe Orange Crush Latest News

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