ZIMBABWE – Delta Beverage Corporation Limited, a leading beverage manufacturer in Zimbabwe, has received the ‘ISO 9001-2015 Quality Management System’ certification for its Delta Technical Institute training centre.

ISO 9001-2015 is the international standard that specifies requirements for a quality management system within an organisation.

Speaking while handing the certificate, Eve Gadzikwa, the Director General at Standards Association of Zimbabwe said;

“Delta Technical Institute’s certification to the revised standard ISO 9001-2015 Quality Management System by the Standards Association of Zimbabwe underlines the determination and commitment of management and staff to continue providing high quality customer service.”

As a standard applicable to all organisation, ISO 9001-2015 was developed to ensure an organisation demonstrates its ability to consistently provide products and services that meet customer and applicable statutory and regulatory requirements.

The standard also specifies requirements for an organisation aiming at enhancing customer satisfaction through the effective application of the system, including processes for improvement of the system and the assurance of conformity to customer and applicable statutory and regulatory requirements.

Delta is the largest Coke bottling firm in the country by volume and market share ahead of Mutare Bottling Company and Schweppes Zimbabwe.

Companies get greenlight to report in US dollars

Meanwhile, the Public Accountants and Auditors’ Board (PAAB) in Zimbabwe has issued a new reporting guidance framework that permits companies to present financials for year ending December 31, 2018 in United States dollars (US$).

According to a report by NewsDay, the board said the guidance was effective for financial periods commencing on or after January 1, 2018 since there was no official local currency before February 22, 2019.

Following the introduction of the Real Time Gross Settlement (RTGS) dollar by the Reserve Bank of Zimbabwe on February 20, 2019, most listed firms postponed the presentation of financials awaiting the issuance of guidance from the PAAB on the functional and presentation currency for reporting.

However, the board noted that the guidance framework does not establish new requirements or exemptions from the requirements of International Financial Reporting Standards and International Accounting Standards.

In 2009, Zimbabwe adopted the multi-currency system but has in the recent past witnessed significant monetary and exchange control policy changes as a result of continued economic challenges faced by the country that resulted in foreign currency shortages.