Delta says no price hikes

In a memo sent out by Delta Beverages’ Supply Chain director Cynthia Malaba dated October 16, 2017, the company warned its suppliers not to hike prices due to difficulties in sourcing foreign currency. 

Part of the memo reads:

Recently, a number of suppliers have approached us with proposed increases motivated by difficulties in sourcing foreign currency. We would like to advise our valued suppliers as follows: We are unable to take selling price increases on our beverage portfolio. Instead we are continually searching for ways to improve our value chain to make our products more affordable to our customers. We urge business partners to carefully manage their value chains with particular focus on competitiveness as we are unable to absorb any input price increases outside the negotiated parameters. We value our relationship with yourselves as our suppliers. In the event that you cannot manage price and quality at agreed levels, we please request that you give us sufficient warning to enable us to make alternative arrangements.

More: Herald