Beverages giant, Delta Corporation,
yesterday announced new recommended wholesale and retail prices for its clear beer products that are sold across the country, a
move that has resulted in a 25 percent increase of the firm’s lager beer prices.

The move by Delta follows an announcement by the company to sell its products in hard currency citing that its business was being
“adversely affected” by foreign currency shortages, which resulted in the company failing to meet demand obligations.

The decision was, however, rescinded last week after the firm was engaged in talks with Government.Following the meeting with Delta executives, which also involved Vice President Constantino Chiwenga and RBZ Governor Dr
John Mangudya, Finance and Economic Development Minister Professor Mthuli Ncube appealed to private firms to be patient while Government worked on fiscal
consolidation.

“We are saying the private sector should wait for us to give policy. They should be patient and see how our fiscal policy is making progress. We are making good progress in fiscal consolidation and once we
are ready, we will institute the requisite monetary reforms,” said Minister Ncube.

“They should not rush ahead to choose the currency they think the whole country should adopt. They should just be patient, let us work together. That is really our message,” he said.

Announcing the new prices, Delta corporate affairs executive Patricia Murambinda, said the latest increase is meant to cushion the beverages giant in the face of increasing local
costs.
“Delta Beverages has increased the
wholesale prices of clear beer by an average of 25 percent. The recommended retail prices have been adjusted accordingly.Chronicle