INDUSTRIALS & ENERGY

Delta to revive malt exports as forex shortages continue to bite

Delta Corporation has invested close to US$4m in its barley contract-farming scheme, targeting a yield of 35,000 metric tonnes this year and with an objective of earning foreign currency from malt exp...

By Staff reporter | Published: 03 May 2019

INDUSTRIALS & ENERGY

Delta snaps up 50,1% stake in Afdis

LEADING beverages maker, Delta Corporation, has consolidated its stake in African Distillers Limited (Afdis) after acquiring 50,1 percent share ownership, management has said. Delta Southern Region ge...

By Staff reporter | Published: 30 April 2019

INDUSTRIALS & ENERGY

Delta Corp volumes drop on price hikes

BEVERAGES producer, Delta Corporation, has recorded subdued volume performance for the quarter ended March 31, 2019 amid declining demand due to price increases. In a trading update for the period und...

By Staff reporter | Published: 26 April 2019

INDUSTRIALS & ENERGY

AB InBev gives Delta breathing space

Delta Corporation's anchor shareholder, AB InBev, will place over $120 million in unremitted dividends and fees in Reserve Bank of Zimbabwe (RBZ) savings bonds thereby reducing pressure on the demand ...

By Staff reporter | Published: 01 February 2019

INDUSTRIALS & ENERGY

Delta urged to explore export market

INDUSTRY and Commerce Deputy Minister Raj Modi says Delta Corporation Limited should consider exploring and fortifying export markets to enable it to boost its foreign currency coffers in the wake of ...

By Staff reporter | Published: 20 January 2019

BUSINESS NEWS

Delta's AB InBev places $120m unremitted dividends, fees into RBZ saving

The world's largest brewer Anheuser-Busch InBev (AB InBev) has agreed to place the over $120 million owed to it in unremitted dividends and fees by Delta Corporation into the Reserve Bank of Zimbabwe ...

By Staff reporter | Published: 11 January 2019

BUSINESS NEWS

Delta on the brink

DELTA Corporation says it faced the gloomy prospect of halting all its business operations this month owing to a crippling foreign currency shortage that has paralysed the economy.To cushion itself fr...

By Staff reporter | Published: 11 January 2019

OPINION

Delta debacle: Dialogue key

The debacle between Government and Delta Corporation over the latter's announcement that it intended to price its products in foreign currency, brings to the fore the dire need for a social contract b...

By Africa Moyo | Published: 06 January 2019

BUSINESS NEWS

Delta reverses forex decision

Delta Corporation has reversed a decision to sell its products in foreign currency after the Reserve Bank of Zimbabwe (RBZ) yesterday assured the beverage manufacturer it would provide the forex requi...

By Staff reporter | Published: 04 January 2019

INDUSTRIALS & ENERGY

Delta shuts soft drink plants

ZIMBABWE is headed for a dry festive season as stocks of soft drinks are expected to run out after Delta beverages shut down its plants citing inadequate foreign currency to keep them running.Delta, t...

By Staff reporter | Published: 23 December 2018

BUSINESS NEWS

Bet on Delta Corporation

Demand for Delta Corporation's products is expected to remain firm in the near future, making the company's stock a good bet, a financial advisory firm has said. This was after the Zimbabwe Stock Exch...

By Staff reporter | Published: 22 November 2018

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
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