19 January 2014
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The ZSE closed the week softer on more signs of economic weakness. Falling inflation figures that are slowly raising the possibility of deflation in the outlook. December inflation figures showed that the country’s inflation slowed down to 0.3% year on year and was -0.8% on a month on month basis. An uninspiring Q3 trading update from Delta, the market’s bell weather stock, showed a flat performance on volumes while revenues slumped 3% to for the quarter. The slump was in revenue was in part attributable to the shift demand patterns towards the lower value sorghum beer product which saw a 18% growth in volumes against a 25% decline in volumes for lager beer and 6% volumes decline in sparkling beverages. Cited by the company amongst the reasons for the decline in volumes in the higher value brands was a slow-down in demand and economic activity
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