Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Zim even running out of beer

Aug 09 2007 16:42

Related Articles

Zim firms face inflation query

Zim food crisis set to worsen

Zim inflation: 100 000% seen

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

MyCiti buses running at a loss

May 28 2012 07:53

The City of Cape Town has spent R175m running the Myciti bus service since the 2010 Soccer World Cup, compared to an income of R35m, a report says.

 
Share Share line Print
Harare - After a busy day trying to survive Zimbabwe's economic crisis, Jeffrey Ndoro likes to relax after work with a beer.

Even with inflation spiralling out of control, beer had been comparatively cheap before a price crackdown by President Robert Mugabe's government caused supplies to dry up.

"Of all the things, you can't find beer - this is too much," said Ndoro, sipping a soda at his drinking spot, the Chelsea Pub.

Ndoro is left with few alcoholic options. A shot of imported whisky, for example, is far too expensive.

Zimbabweans have been struggling with severe shortages of fuel, food and foreign currency, and now the few pleasures of life are rapidly disappearing.

Mugabe has warned businesses they will face dire consequences if they ignore his price-capping campaign, another bid to tame the world's highest inflation rate that has cut supplies of maize-meal, milk, sugar and meat.

Police have targeted more than 7 500 business people and companies for overcharging and Mugabe has vowed to escalate the crackdown, launched in June.

The shortages of basic goods have increased the misery of Zimbabweans struggling with crumbling sewers, water and electricity cuts, and rising unemployment.

In poor townships, where the majority of urban residents live, beer shortages are severe and liquor stores, normally a hive of activity, now close early.

At a beer outlet in central Harare, the owner sat on an empty freezer reading a newspaper. He was frequently interrupted by customers inquiring about beer. He told them the last delivery was six days ago.

Across town, employees were forced to close a liquor store which had beer, after being overwhelmed by a large crowd. In the end beer was rationed to two per customer.

"I have never heard of a place where there is beer rationing," an angry man who identified himself only as Sam told Reuters.

"At this rate, we will be buying beer on the black market."

With summer approaching, thirst-quenching may become a nightmare. Sales of less fancied spirits and wines are up but supplies are running low.

Ndoro, a 25-year-old pharmacy clerk, fears he won't be sipping another soothing beer at the Chelsea anytime soon.

"I am sure things will get worse. But I guess this is now beyond our control," he said, shrugging.

- Reuters

 
 
Comment on this story
0 comments
Comments have been closed for this article.
It pays to know the cost and what you’re getting in return
May 28 2012 09:33

Investors may not have a clue what they’re paying their money managers or they type of service they’re getting, or, whether they can actually negotiate lower fees. (Reuters)

SageGroup

By Saul Symanowitz: Divisional Director, BEE 123 by Pastel   SMEs and BEE Whilst there is no universal definition for what constitutes an SME (Small and Micro Enterprise),for BEE  purposes most SMEs would be classified as EMEs (businesses with a turnover of below R5 mil pa) or QSEs (busin... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...