5 December 2012

Zimbabwe: Beer Price Up!

Beverage manufacturer, Delta on Wednesday announced new beer selling prices at bottle stores and supermarkets.

This follows government's decision in the 2013 national budget to review upwards the rate of excise duty of clear beer from 40 percent to 45 percent as a revenue enhancing measure.

Delta Corporate affairs director George Mutendadzamera said the recommended new prices had a difference of between US$0,05 and US$0,10.

"The price of the 375ml brown bottle is now US$0,80c from US$0,75c while 340mls green bottles are selling at US$0,90c from US$0,80c.

Brown bottle quarts will now sell at US$1,55 from US$1,45 while green 660ml bottles are now US$1,75 from US$1,50.

Prices for the remaining Delta beer products remain unchanged. Mr Mutendadzamera said the company was certain it would meet demand during the festive season as they had invested heavily in production capacity.

The beverage manufacturer last month commissioned a new US$17 million bottling line with capacity to produce 70 million litres per annum at its Southerton plant in Harare.

Mr Mutendadzamera, however, said the beverage manufacturer would have preferred the duty to remain at the current rate of 40 percent or even be reduced to regional levels.

Since dollarisation of the economy in 2009, Delta has invested around US$250 million to boost its capacity.

The investment has also resulted in the company generating business to the tune of US$1.2 billion during the same period.

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