INDUSTRIALS & ENERGY

Delta invests $3m into Bulawayo infrastructure projects

BEVERAGES maker, Delta Corporation, has invested close to $3 million in effluent and road upgrade projects in Bulawayo since 2016 as part of its community development initiatives. As one of the signif...

By Staff reporter | Published: 13 September 2018

INDUSTRIALS & ENERGY

Delta in accelerated sustainability spending

DELTA Corporation (Delta) says it has invested at least $2,9 million in infrastructure-related corporate social investments under its integrated sustainable development framework.Sustainability is par...

By Staff reporter | Published: 10 September 2018

INDUSTRIALS & ENERGY

Delta invests $260k in road upgrade

Delta Corporation, a key player in economic development, has invested over $260 000 towards the upgrade of a road junction that links its Fairbridge Chibuku Super plant with the Harare-Bulawayo Highwa...

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Delta to invest $250m in Zimbabwe plants

Foreign direct investment (FDI) continues to firm under the new administration as Delta Corporation commits to invest a quarter of a billion in its local plants over the next five years.The beverage m...

By Staff reporter | Published: 24 July 2018

BUSINESS NEWS

Mnangagwa tells Delta to explore foreign markets

PRESIDENT Emmerson Mnangagwa has encouraged Delta Corporation Limited to explore the export market and also consider investing into the regional market to help secure foreign currency for the country....

By Staff reported | Published: 24 July 2018

BUSINESS NEWS

Mnangagwa hails Delta Corporation

PRESIDENT Mnangagwa yesterday toured Delta Beverages lagers manufacturing plant in Harare, where the company undertook to invest $50 million annually towards expansion and upgrading of its plants acro...

By Staff reporter | Published: 24 July 2018

INDUSTRIALS & ENERGY

AB InBev yet to receive US$70m Delta dividends

Delta, the largest company on the ZSE by market capitalisation, last month recorded a 12% decline in annual profit.Anheuser-Busch Inbev (AB InBev) - the world's largest brewer - is yet to receive a to...

By Staff reporter | Published: 13 July 2018

INDUSTRIALS & ENERGY

Delta bemoans forex shortages

Beverages giant, Delta Corporation Limited has said foreign currency shortages continue to have a knock on effect on its business especially packaging material, although earnings were positive in the ...

By Staff reporter | Published: 13 July 2018

INDUSTRIALS & ENERGY

Delta revenue sparkles

DELTA Corporation Limited has reported a 40% increase in revenue as a result of an upsurge in all its beverage categories which was driven by higher consumer demand during the first quarter of the yea...

By Staff reporter | Published: 13 July 2018

BUSINESS NEWS

Ex-Delta workers picket firm's HQ

Former Delta Corporation Limited (Delta) workers have picketed the company's headquarters demanding pension payouts.Delta said it has no responsibility to pay pension payouts to its rioting former emp...

By Staff reporter | Published: 14 June 2018

BUSINESS NEWS

Delta unveils $160k in infrastructure

DELTA Corporation has availed $160 000 towards infrastructure development in four schools in the southern region of the country as part of its corporate social responsibility.Corporate executive manag...

By Staff reporter | Published: 07 June 2018

LANDS & AGRICULTURE

Delta pours $2,8m into sorghum farming

DELTA Corporation says it has invested at least $2,8 million to facilitate the production of 10 500 tonnes of sorghum during the 2018 /19 agriculture season.Delta corporate affairs executive Patricia ...

By Staff reporter | Published: 20 May 2018

INDUSTRIALS & ENERGY

A positive outlook for Delta Corporation

Delta Corporation's net earnings are expected to jump 16 percent to $103 million in the financial year 2019 on anticipated volume growth, despite competition from Pepsi, which is likely to cut the gro...

By Staff reporter | Published: 18 May 2018

INDUSTRIALS & ENERGY

Pepsi set to eat into Delta market share

DELTA Corporation's sparkling beverages market share could decline during the current reporting season following the coming on stream of a Pepsi plant early this year, an analysis on the company's out...

By Staff reporter | Published: 17 May 2018

INDUSTRIALS & ENERGY

Delta Beverages reports revenue growth

Delta Beverages' revenue grew 18 percent to US$572 million for the year ended March 31, 2018, compared to US$482 million in the prior year.This is the Group's first revenue growth in five years as it ...

By Staff reporter | Published: 13 May 2018

INDUSTRIALS & ENERGY

Delta, Coca-Cola still negatiating over notice of termination

Zimbabwe Stock Exchange (ZSE) listed blue chip counter Delta Beverages says negotiations are still ongoing with the Coca-Cola Company following a notice issued last year to terminate its bottling agr...

By Staff reporter | Published: 11 May 2018

INDUSTRIALS & ENERGY

Delta Corporation posts profit up 27%

Zimbabwe's largest brewer Delta Corporation reported a 27 percent jump in full-year profit to $89 million on Wednesday, after strong sales of beer and soft drinks in the second half of its financial y...

By Reuters | Published: 10 May 2018

INDUSTRIALS & ENERGY

Delta Beverages left with 1 week's supply of beer

Imbibers and soft drink lovers are headed for hard times as the products are fast running out on supermarket shelves amid revelations that the country's biggest producer, Delta Beverages was left with...

By Staff reporter | Published: 09 May 2018

BUSINESS NEWS

'Forex shortages causing supply gaps'

DELTA Corporation says foreign currency shortages in the market are increasingly affecting the group's raw material supply chain, a company official said.The group's corporate affairs manager Patricia...

By Staff reporter | Published: 04 May 2018

INDUSTRIALS & ENERGY

Forex shortage threatens Delta's maheu product

DELTA Corporation says the viability of its Shumba Maheu business unit with a monthly turnover of over US$1 million is being threatened by the scarcity of foreign currency required to import packaging...

By Staff reporter | Published: 04 May 2018

INDUSTRIALS & ENERGY

Delta pours $3 million into barley farming

LISTED beverages manufacturer, Delta Corporation Limited, says it has so far spent close to $3 million on its barley contract farming scheme targeting a yield of 33 000 tonnes this year.Over the years...

By Staff reporter | Published: 02 May 2018

BUSINESS NEWS

Delta on ins and outs of local sourcing

Zimbabwe's brewery giant Delta Corporation reported significant growth in volume and revenue for the fourth quarter to March 2018. This helped the group recover from four years of recording volumes an...

By Staff reporter | Published: 20 April 2018

INDUSTRIALS & ENERGY

Delta revenue jumps 18%

ZIMBABWE Stock Exchange listed beverage manufacturer, Delta Corporation, revenue grew by 18 percent in the year to March 2018 driven by growth in larger, sparkling beverages and sorghum beer volumes, ...

By Staff reporter | Published: 17 April 2018

INDUSTRIALS & ENERGY

Delta snaps up stake in Natbrew

DELTA Corporation says it has completed the acquisition of a controlling stake in Lusaka Stock Exchange-listed beer company, National Breweries PLC (Natbrew). Ronny Palale, a chartered accountant with...

By Staff reporter | Published: 26 January 2018

INDUSTRIALS & ENERGY

Command agric affects Delta contract scheme

DELTA Beverages says the uptake of its beverages sorghum contract farming scheme (BSCFS) will decline in 2018, as some of its farmers were now attracted to the government's Command Agriculture scheme....

By Staff reporter | Published: 25 January 2018
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