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Delta loses US$74 million tax battle with ZIMRA
Delta Corporation has faced a major setback in its prolonged legal dispute with the Zimbabwe Revenue Authority (ZIMRA) after the Constitutional Court dismissed its appeal challenging previous rulings ...Published: 13 Jul 2025 at 11:16hrs | 93 | by Staff reporter
Delta slams local sugar producers over poor quality
Delta Corporation Limited has raised alarm over the poor quality of sugar supplied by Zimbabwe's top producers, accusing them of delivering a product that fails to meet global standards required for b...Published: 09 Jul 2025 at 07:50hrs | 270 | by Staff reporter
Zimbabwean consumer sector poised for improvement
An uplift in volumes has been projected for Zimbabwean consumer companies despite rising cost structures, a volatile policy and monetary environment as well as higher taxation, say analysts at IH Secu...Published: 07 Jul 2025 at 08:57hrs | 118 | by Staff reporter
Delta Corporation slams Zimra over uncertainties
Zimbabwe's largest beverage manufacturer, Delta Corporation Limited, has accused the country's tax authorities of fueling business uncertainty through what it described as the arbitrary creation of le...Published: 07 Jul 2025 at 08:47hrs | 368 | by Staff reporter
Zimra faces deepening tax enforcement crisis
The Zimbabwe Revenue Authority (ZIMRA) is grappling with a growing tax enforcement crisis as the dominance of the cash economy, rampant informality, and high-profile tax disputes expose critical weakn...Published: 26 Jun 2025 at 11:26hrs | 1636 | by Staff reporter
Delta makes new board appointments
Zimbabwe's leading beverages manufacturer, Delta Corporation Limited, has strengthened its board with the appointment of two new non-executive directors - Mr Cherian Kurien and Professor Engineer Quin...Published: 06 Jun 2025 at 12:18hrs | 813 | by Staff reporter
Zimra tax audit blitz alarms Zimbabwe business
The Zimbabwe National Chamber of Commerce (ZNCC) has raised concerns over the Zimbabwe Revenue Authority's (Zimra) intensified audit regime, warning that aggressive tax enforcement is placing undue co...Published: 24 May 2025 at 10:59hrs | 236 | by Staff reporter
Treasury launches last-ditch push to stabilise Zimbabwe economy
Zimbabwe's Treasury has embarked on a last-ditch effort to stabilise the country's fragile economy, amid growing fears that policy inconsistency, inflation, and currency volatility could derail indust...Published: 22 May 2025 at 11:33hrs | 619 | by Staff reporter
Zimbabweans set new beer consumption record
Zimbabweans consumed a staggering 2.66 million hectolitres of lager beer in 2024, marking a notable increase from previous years, according to newly released figures from Delta Corporation, the countr...Published: 17 May 2025 at 16:54hrs | 1252 | by Staff reporter
Anti-smuggling blitz bolsters local beverage production
Zimbabwe's aggressive anti-smuggling blitz is beginning to bear fruit, easing pressure on local beverage producers and setting the stage for increased production and market growth, according to Delta ...Published: 17 May 2025 at 14:20hrs | 134 | by Staff reporter
Delta highlights Zimbabwe's economic
Delta Corporation, Zimbabwe's leading brewer and soft drinks manufacturer, has painted a stark picture of the nation's economy, highlighting its persistent fragility despite signs of resilience in con...Published: 16 May 2025 at 15:03hrs | 673 | by Staff reporter
Delta tax burden could soar to US$329m
Beverage giant Delta Corporation Limited risks a staggering US$329 million tax liability for its financial year ended March 31, 2025, if it loses ongoing court appeals against additional tax assessmen...Published: 16 May 2025 at 10:32hrs | 432 | by Staff reporter
Delta warns public about recruitment scams
Delta Corporation Limited has issued a warning to the public regarding a rise in recruitment scams involving fraudulent job advertisements.In a statement, the beverages giant expressed concern...Published: 24 Mar 2025 at 06:14hrs | 623 | by Staff reporter
Delta challenges US$73 million tax assessments by ZIMRA
LISTED beverages giant, Delta Corporation Limited, is contesting tax assessments issued by the Zimbabwe Revenue Authority (ZIMRA) for amounts the company believes should have been payable exclusively ...Published: 30 Jan 2025 at 06:38hrs | 290 | by Staff reporter
All eyes on Professor Mthuli Ncube
As Zimbabwe prepares for the presentation of the 2025 National Budget, all eyes are on Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube. The Budget, which serve...Published: 27 Nov 2024 at 08:13hrs | 1090 | by Staff reporter
Zambezi lager in short supply
Delta Corporation Limited, Zimbabwe's leading producer of alcoholic beverages, has reassured consumers of ample supplies of its products during the upcoming festive season, following concerns over a r...Published: 23 Nov 2024 at 12:55hrs | 143 | by Staff reporter
'ZSE left with two valuable counters'
The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several...Published: 20 Nov 2024 at 07:03hrs | 199 | by Staff reporter
Delta dumps normal supplies route amid Mozambique political turmoil
Despite using the shortest route for its timeous raw material distribution and chain supplies over the years, listed beverages manufacturing giant, Delta Corporation Limited, has announced political s...Published: 07 Nov 2024 at 13:02hrs | 1287 | by Gideon Madzikatidze/Simbarashe Sithole
Zimra wins landmark forex tax dispute
In a significant ruling, the Supreme Court has declared that taxpayers cannot avoid paying taxes in foreign currency when their income or sales are in foreign currency. This landmark decision arose fr...Published: 16 Jul 2024 at 13:33hrs | 1541 | by Staff reporter
Zimra's unaccounted deposits cause tax woes
The Zimbabwe Revenue Authority (Zimra) received $101.54 billion in unaccounted deposits from clients in 2023, creating an administrative challenge that led to unnecessary penalties and interest on tax...Published: 15 Jul 2024 at 16:42hrs | 4176 | by Staff reporter
Zimbabwe's legal titan dies
Sternford Moyo, a distinguished Zimbabwean legal titan, passed away this morning after a brief illness. Moyo, a senior partner and chairman at Harare-based law firm Scanlen and Holderness, was revered...Published: 05 Jul 2024 at 17:06hrs | 33 | by Staff reporter
Zimra, Nampak clash over ZW$27bn penalty
Nampak Zimbabwe, a major industrial packaging manufacturer, is contesting hefty penalties imposed by the Zimbabwe Revenue Authority (Zimra), amounting to ZW$26.7 billion. The company attributes this d...Published: 30 Jun 2024 at 18:31hrs | 10 | by Staff reporter
Delta takes Zimra to court
Zimbabwe's largest beverages producer recently announced its opposition to a US$54.8 million tax claim, labeling it as unjust enrichment for the Zimbabwe Revenue Authority (Zimra). Delta Corporation, ...Published: 18 May 2024 at 12:17hrs | 22 | by Staff reporter
ZSE rebases bourse to reflect ZiG
THE Zimbabwe Stock Exchange (ZSE) is re-basing all its indices following the introduction of a new currency, Zimbabwe Gold (ZiG), last week.ZSE said all the ZSE indices would be re-based to 10...Published: 09 Apr 2024 at 06:22hrs | 7 | by Staff reporter
'Nothing amiss in Chinamora scenario'
THE move to have retired High Court Judge Justice Webster Chinamora remain in office to clear all reserved judgments on his desk is above the law and in line with Section 186 (7) of the Constitution, ...Published: 03 Dec 2023 at 11:44hrs | 13 | by Staff reporter
Zimbabwe Judge's sudden resignation opens a Pandora's box
FORMER High Court judge Webster Chinamora allegedly left a huge backlog of reserved judgments, with Delta Corporation continuing to haunt him despite his recent resignation, the Zimbabwe Independent r...Published: 25 Nov 2023 at 07:46hrs | 19 | by Staff reporter
Zimbabwe central bank must consider introducing a ZW$500 000 note
This week, a prominent price monitoring thinktank emphasized the need for the Reserve Bank of Zimbabwe (RBZ) to contemplate the introduction of a ZW$500,000 note as the Zimbabwean currency continues t...Published: 22 Oct 2023 at 14:06hrs | 1 | by Staff reporter
Rogue traffic enforcers undermining business in Zimbabwe
FORMERLY known as an opulent suburb, Harare's Borrowdale area is gradually transforming into a commercial hub, not only for the city but the entire Zimbabwe.With its peace and flamboyance, Bor...Published: 23 Jul 2023 at 08:34hrs | 3 | by Staff reporter
Zimbabwean business fears its government will interfere with the exchange rate
ZIMBABWEAN businesses fear that President Emerson Mnangagwa's administration, which is blaming foreign companies of inflating prices ahead of a key election in August, could resort to interfering with...Published: 26 Jun 2023 at 06:52hrs | 133 | by Staff reporter
Scud to be revived
LISTED beverages producer, Delta Corporation Limited has said it is planning to revive its Scud beer brand to cover supply gaps on the market."There are ongoing efforts to optimise the availab...Published: 20 Jan 2023 at 06:42hrs | | by Staff reporter
Econet among Africa's top 250 companies
Econet Wireless Zimbabwe and EcoCash Holdings Zimbabwe Limited have been named among Africa's top 250 companies by the African Business magazine.Every Year the African Business top 2...Published: 17 Jan 2023 at 16:21hrs | 2 | by Staff reporter
Delta, BOOST Innovation in support of SDGs
DELTA Corporation Limited in collaboration with the BOOST Fellowship have introduced a Social Innovation Competition which will run under the name Delta - BOOST Social Responsibility Programme (Make A...Published: 17 Nov 2022 at 12:12hrs | | by Staff Writer
Zimbabwe's capital markets collapse
DELTA Corporation CEO Matlhogonolo Valela has given graphic details about the frustrations that local firms have been enduring in accessing capital due to the country's difficult business environment....Published: 11 Sep 2022 at 15:21hrs | 2 | by Staff reporter
Delta subsidiaries in revenue fix
BEVERAGES manufacturer Delta Corporation Limited says the volatility of the exchange rate-driven inflation is pressuring its operational costs and hurting the revenue generation capabilities of its fo...Published: 17 Jun 2022 at 08:55hrs | 1 | by Staff reporter
Two die in stampede at Castle Tankard
TWO people died on Saturday night in a stampede at the Borrowdale Race Course in Harare during the Castle Tankard musical show.The pair, Thomas Maarira (44) and Emilia Makoga (43), both of Hat...Published: 09 May 2022 at 07:03hrs | 12 | by Staff reporter
Chibuku Super drives Delta Q3 performance
CHIBUKU Super spurred Delta Corporation's third-quarter performance, after the product contributed 77 percent to total sorghum beer sales volumes in the nine months to December 2021.Sorghum be...Published: 17 Jan 2022 at 06:28hrs | 4 | by Staff reporter
CBZ tops blocked funds list
CBZ Bank has the highest amount (US$424 million) out of 580 companies with funds that could not be repatriated from the country - commonly known as blocked funds - latest official figures show....Published: 10 Jan 2022 at 05:57hrs | 11 | by Staff reporter
Govt projects increase in barley hectarage
GOVERNMENT is projecting barley hectarage to increase to 360 000 in the next three years up from the current 7 000 hectares owing to an accelerated irrigation plan that has been put in place, a govern...Published: 13 Sep 2021 at 05:55hrs | 3 | by Staff reporter
Zimbabwe blue chips shine in Africa
AT least five of Zimbabwe's biggest stock exchange-listed firms have made it to the list of Africa's best performing companies, defying storms stemming out of a two year old economic crisis, which was...Published: 03 Sep 2021 at 06:56hrs | 13 | by Staff reporter
Beer shortages hit Bulawayo, surrounding areas
SOLE clear beer manufacturer, Delta Corporation Limited is now coercing its customers to buy unpopular beer brands as clear beer shortages have hit the southern region.A survey carried by New ...Published: 02 Sep 2021 at 12:01hrs | | by Staff reporter
20 richest investors on the Zimbabwe Stock Exchange
Investors on the Zimbabwe Stock Exchange have amassed staggering wealth since the start of the year owing to the strong pace of recovery in the country and renewed buying interest by local inv...Published: 29 Aug 2021 at 07:05hrs | 426 | by Mfonobong Nsehe
Delta, Varun share beverages market
DELTA Corporation's market share in the non-alcoholic beverages market is facing serious threat from PepsiCo's Varun Beverages which has taken on an aggressive market penetration strategy, Morgan &...Published: 11 Aug 2021 at 06:32hrs | | by Staff reporter
Moyo appointed Delta board chair
Delta Corporation has announced the appointment of lawyer Mr Sternford Moyo as new chairman of the board. Mr Moyo replaces Mr Canaan Dube who retired from the board on July 31, 2021. Dube had ...Published: 10 Aug 2021 at 06:37hrs | | by Staff reporter
Zimbabwe ranked second least happy country in the world
The 2021 World Happiness Report is out, and Zimbabwe ranked one step above Afghanistan, the world’s unhappiest country in the world. A total of 149 countries made the pool of countries that were ran...Published: 31 Jul 2021 at 20:02hrs | 2 | by Tafara Mtutu
Econet Wireless wins back-to-back Top Companies Award for 2021
HARARE - Econet Wireless Zimbabwe last night won the 2021 Top Companies Survey Award for an unprecedented second year running. The telecommunications company, winner of the same award in 2020,...Published: 09 Jul 2021 at 14:17hrs | | by Agencies
Delta red-flags Zimbabwe policies
ZIMBABWE Stock Exchange (ZSE)-listed beverages manufacturer, Delta Corporation yesterday added its voice to growing concerns over policy inconsistency and currency volatility in the country, saying th...Published: 11 Jun 2021 at 07:39hrs | 3 | by Staff reporter
BAT rated best ZSE counter
BRITISH American Tobacco (BAT ) Zimbabwe has been rated the top counter on both the Zimbabwe Stock Exchange (ZSE)'s top 10 and 15 indexes for the second quarter of 2021.BAT's rating was announ...Published: 12 Apr 2021 at 07:08hrs | 11 | by Staff reporter
Gwanda boy takes over as Delta Corporation's CEO
Zimbabwe's biggest brewer, Delta Corporation's CEO, Pearson Gowero, is stepping down from his position with effect from June 30, 2021 after eight years at the helm of the beverages manufacturer, the c...Published: 25 Mar 2021 at 16:09hrs | 5 | by Staff reporter
Delta completes MBC takeover
BEVERAGES blue-chip Delta Corporation has achieved its plan to expand its multiple brands' footprint into Manicaland province after a key regulator approved a transaction to take over Mutare Bottling ...Published: 21 Mar 2021 at 08:36hrs | | by Staff reporter
OK Zimbabwe CEO retires after two years
ZIMBABWE Stock Exchange- listed retail giant OK Zimbabwe says its CEO Alex Siyavora will leave the group at the end of next month, after assuming the role just over two years ago. He will be replaced ...Published: 14 Feb 2021 at 09:51hrs | 5 | by Staff reporter
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