Share

We will try to weather Zimbabwe storms, Nestle SA boss tells Mnangagwa

accreditation
Shutterstock[http://www.shutterstock.com]

Nestle says it is committed to continued operation in Zimbabwe and will further invest in the country, especially in supporting dairy and coffee farmers.

This is despite the challenges that the southern African country is currently experiencing.

Speaking after meeting President Emmerson Mnagangwa, Nestle South Africa chairman and managing director Bruno Olierhoek, who was accompanied by Chris Johnson, the executive vice president and chief executive officer for Asia, Oceania and Sub-Saharan Africa, said his company, through Nestle Zimbabwe, would "try to thrive" despite the situation on the ground. 

"Our commitment to the President (Mnangagwa) was that we will try really to do our best to stay in the country."

He said if the situation requires a change of business model and indeed to be less dependent on imported things, then his company will work on developing the local industry.

He said his company will work with farmers in the coffee and those in the dairy sector for critical inputs into the business.

We will work on "increasing what they can supply us as per the standards," said Olierhoek.

His comments come as another dairy processing company, Dairibord, blamed drop in sales volume to supply side constraints, namely continual deterioration of macro-economic fundamentals compounded with foreign currency, electricity and water shortages.

"These in turn had led to low production output, increased utility costs and depressed consumer disposable incomes," said Dairibord last week.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.93
+0.0%
Rand - Pound
23.90
+0.0%
Rand - Euro
20.40
+0.1%
Rand - Aus dollar
12.33
+0.1%
Rand - Yen
0.13
-0.0%
Platinum
908.05
+1.2%
Palladium
1,014.94
+1.3%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders