COMPETITION in Zimbabwe’s beverages sector is set to intensify this year after the opening of Varun Beverages’ Pepsi bottling plant in Harare. IH Securities said the beverages spaces, which is dominated by the Zimbabwe Stock Exchange listed Delta Corporation Limited, had also seen heightened smuggling by unauthorised dealers, which added to increasing competition. Delta Corporation operates in the same sector, which has been affected by a sharp fall in disposable incomes in Zimbabwe. Firm closures have resulted in diminished buying power, and a falling demand, with some consumers shifting to cheaper imports. A liquidity crunch has also been rocking Zimbabwe, making it difficult for consumers to spend on luxuries. In an analysis of the industry last week, IH Securities said as…