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BAT bemoans forex shortages

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BAT managing director Clara Mhlambo

BAT managing director Clara Mlambo

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CIGARETTE manufacturer BAT Zimbabwe (BAT) described the first quarter of the year as the “toughest and driest” in terms of access to foreign currency allocation from the Reserve Bank of Zimbabwe (RBZ), highlighting the persistent shortage which the country was facing.
Giving a trading update at the company’s annual general meeting last Friday, BAT managing director Clara Mlambo said the biggest challenge which affected BAT was securing foreign currency to pay for raw materials due to persistent hard currency shortages since the beginning of the year.

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