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

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.