The recent move by Delta Beverages to increase prices of beers has left many beer outlets deserted by patrons as they can no longer afford the prices.
It is reported that the cheapest beer now costs about RTGS$6 for a pint and RTGS$10 for a quart for local beers.
Bar owners have revealed that prices change week in, week out which result in huge losses to them. Moreover, they said that they purchase the alcohol using US$ and sell them using RTGS$ which is readily available for their customers. This puts them at high risk considering that exchange rates at the parallel market, where foreign currency is sometimes availe, frequently changes.
Most of the drinking places have been shutdown whilst the remaining are operating at below standard.
The increase in prices is atrributed to the scarcity of foreign currency on the market. Manufacturing companies import their inputs which means that they need foreign currency.
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