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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 | 2 | by Staff reporter
Delta, Coca-Cola still negotiating 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...Published: 10 May 2018 at 21:07hrs | 1 | by Staff reporter
Coca Cola shortage to hit Zimbabwe
Well, that could soon be a reality in Zimbabwe.The popular drink, which is already in short supply, is likely to disappear from the shelves in the next few weeks, thanks to the foreign currenc...Published: 09 Mar 2018 at 12:23hrs | 14 | by Staff reporter
Delta - Coca Cola bottling discussions progressing slower than expected
Local beverage maker, Delta Corporation says discussions with Coca Cola Company's (TCCC) intention to terminate bottling of Coca Cola beverages are progressing slower than anticipated.Delta is...Published: 09 Nov 2017 at 11:46hrs | 1 | by Takudzwa Chiwara
Coca-Cola to buy back African bottling venture stake
Coca-Cola Co has reached a deal to buy Anheuser-Busch InBev's majority stake in their African bottling venture for $3,15 billion and hold onto it until it finds a new owner, the companies said....Published: 22 Dec 2016 at 13:14hrs | | by Staff Reporter
Coca-Cola in talks with potential new Zimbabwe bottling partners
Global beverage giant, Coca-Cola Company, says it is in talks with a potential new partner and expressed its long-term commitment to the Zimbabwean market. Coca-Cola Company last month rep...Published: 18 Nov 2016 at 06:58hrs | 1 | by Staff reporter
Coca-Cola to terminate Delta Beverages Agreement
The Coca-Cola Company has given notice of its intention to terminate the Bottlers' Agreements with Delta Beverages and its associate Schweppes Holdings Africa Limited. This follows t...Published: 20 Oct 2016 at 21:30hrs | | by Staff reporter
Mega brew deal won't affect Delta Beverages
Delta Corporation says it does not anticipate any material changes on its relationship with SABMiller following the pending takeover of the South African based brewer by AB InBev, the beverages ma...Published: 07 Oct 2016 at 07:54hrs | 1 | by Staff reporter
Bond note jitters and investor fears hits the Zimbabwe Stock Exchange
A nosedive in turnover on the Zimbabwe Stock Exchange (ZSE) as well as apprehension over the introduction of local bond notes next month are worsening investor apprehension and denting confidence ...Published: 06 Sep 2016 at 18:44hrs | 3 | by Online
Zimbabwe approves SABMiller, AB InBev merger with conditions
Zimbabwe has given the green-light to SABMiller's merger deal with AB InBev, but has set conditions such as maintaining farmers' contracts and maintenance of production of local brands. ...Published: 05 Jul 2016 at 12:13hrs | | by Staff reporter
No change at Delta Beverages after AB-InBev takeover - CEO
Delta Beverages says it does not expect any change in its operations and product offering following the proposed takeover of SABMiller by Anheuser-Busch (AB) InBev.Speaking at a results presen...Published: 12 May 2016 at 11:10hrs | | by Staff reporter
Declining volumes dent Delta's profits
Beverages producer Delta Corporation has reported a 19 percent decline in after tax profit to $35,7 million for the half-year to September 30 on the back of declining volumes across all its segments....Published: 12 Nov 2015 at 18:24hrs | | by Staff reporter
Delta share price up as parent firm announces takeover talks
Delta Corporation's share price went up 0,38 percent to 81,56 cents on the local bourse today after details of a possible takeover of its biggest shareholder, SABMiller by the world's largest brewer, ...Published: 14 Oct 2015 at 06:39hrs | | by Staff reporter
AB InBev buys SABMiller for £68 billion
Geneva - Anheuser-Busch (AB) InBev has agreed to buy SABMiller for £68bn (about R1.4trn), raising its bid to clinch a record industry deal that brings one out of every three beers sold worldwide unde...Published: 13 Oct 2015 at 09:19hrs | | by Bloomberg
Africans also investing in China
African countries have poured over $14 billion in investments China, the world's newest economic superpower, surpassed the United States as Africa'...Published: 17 Jun 2015 at 18:56hrs | | by Bo Li
Allan Gray positive on Zimbabwean equities
A SLUMP in Zimbabwean equities to near two-year lows is emboldening one of the largest money managers in South Africa to keep looking beyond the nation's economic woes for returns.Allan Gray, ...Published: 15 Jan 2015 at 12:58hrs | | by Neo Khanyile I Bloomberg
Beer prices are slashed
Finance minister Patrick Chinamasa has slashed exercise duty on clear beer from 45 percent to 40 percent with effect from next year, a move that is likely to further reduce the price of lager bee...Published: 30 Nov 2014 at 11:50hrs | | by Staff reporter
Cash strapped Zimbabwean drinkers switch to Chibuku
Delta Corporation, the country's biggest company by market value, said first-half profit fell 6 percent as cash-strapped drinkers switched to more affordable sorghum beer, Chibuku, amid an economic sl...Published: 12 Nov 2014 at 20:27hrs | | by Bloomberg
Delta cuts down Chibuku production
DELTA CORPORATION has stopped production of standard Chibuku beer at six breweries across the country, as plant rationalization continues after the introduction of its new product brand Chibuku Super....Published: 31 Oct 2014 at 05:37hrs | | by Staff reporter
Zimbabwean nominated for CNBC Africa Business Leaders Awards 2014
Denford Magora, the Founder of Jericho Advertising, One of Zimbabwe's leading advertising agencies, with both digital and print media market based in Harare and handling an impressive portfolio of blu...Published: 11 Sep 2014 at 10:10hrs | 1 | by Staff reporter
Jericho Advertising Zimbabwe makes waves in SA
JERICHO Advertising Zimbabwe has, for the second year running, now, been the only non-South African advertising agency listed by Adfocus, the prestigious South African Advertising and Marketing Annual...Published: 16 Dec 2013 at 15:15hrs | | by Staff reporter
ZSE crumbles after Mugabe's re-election
The Zimbabwean stock market crumbled on Monday, a few days after the announcement that President Robert Mugabe had won last week's elections.The results, which were rejected by the main politi...Published: 05 Aug 2013 at 10:35hrs | | by Business reporter
ZSE reaches all-time high
The Zimbabwe Stock Exchange (ZSE) has reached an all-time high, with the Industrial Index reaching the 223.89 point level for the first time since dollarisation.The ZSE has now gained 53....Published: 12 Jul 2013 at 14:14hrs | | by Business reporter
Delta Corp in the process of complying with Indigenisation
Delta Corporation has said it is in the process of complying with the indigenisation policy and has since submitted its road map to the government.CE Pearson Govero told the Imara Investment C...Published: 04 Jun 2013 at 10:57hrs | | by financial express
Zimbabwe Stock Exchange one of the best performing bourses in the world
The Zimbabwe Stock Exchange (ZSE) was one of the best performing bourses in the world, at least in the month of January 2013, preliminary figures have shown.The ZSE's ma...Published: 01 Feb 2013 at 14:41hrs | | by Staff reporter
Delta Beverages commissions a new $17m bottling plant
BEER and soft drinks manufacturer Delta Beverages on Monday commissioned a new US$17 million bottling plant in Southerton, Harare, which will more than treble production.The state-of-the-art p...Published: 05 Nov 2012 at 17:13hrs | 6 | by Staff reporter
Premium beer helps Delta Beverages grows beer volumes by 9 percent
SABMiller plc today provides an update on trading during the six months ended 30 September 2012. A focus on premiumisation and pack innovation coupled with improved availability helped increase volume...Published: 18 Oct 2012 at 10:52hrs | | by Business reporter
Delta Beverages beer sales up 23 percent
DELTA Beverages lager volumes grew by 23 percent propped up by its massive capital investment in capacity upgrades.The growth in Delta's lager volumes spurred overall volume growth for globa...Published: 19 Apr 2012 at 10:56hrs | | by Nare Msupatsila
Delta Beverages CEO steps down
Mr Joe Mutizwa steps down as Chief Executive Officer of the Group and director of the Company on 31 May 2012 after a distinguished career with the Group spanning nearly 30 years. He was appoi...Published: 02 Mar 2012 at 04:53hrs | | by Nare Msupatsila
Delta Beverages grows beer volumes 19 percent
SABMiller plc today issues its interim management statement for the group's third quarter ended 31 December 2011. Delta Beverages delivered lager volume growth of 19% supported by further improved pr...Published: 19 Jan 2012 at 05:33hrs | | by Moyo Roy
Bold investors are now betting on Zimbabwe growth
Johannesburg - At the height of Zimbabwe's hyperinflation, restaurant prices would increase in the time it took to serve and eat a meal.Those days are gone and some bold investors are now bett...Published: 11 Nov 2011 at 08:26hrs | | by -
Zimbabwe's larger volumes grew by 30 percent: SABMiller
In a trading update for the six months to 30 September 2010 released Wednesday 19 October 2011, SABMiller announced that Zimbabwe's lager volumes grew by 30% benefiting from capacity. Soft drinks volu...Published: 20 Oct 2011 at 07:15hrs | | by Business reporter
SABMiller's pursuit of Foster's turning ugly
Two months after making its first foray, SABMiller's multi-billion dollar pursuit of Foster's is starting to turn ugly.Following a firm rejection from Foster's management on June 21 after it m...Published: 17 Aug 2011 at 10:42hrs | | by .
Zimbabwe's Delta Corporation boosts SABMiller's strong volumes
SABMiller, the world's second-biggest brewer by volume after Anheuser-Busch InBev NV (ABI.BT), benefited from a strong performance in Asia and Africa, where socio-economic improvement, rising incom...Published: 21 Jul 2011 at 11:04hrs | | by Ndou Paul
Fosters rejects SABMiller takeover move
Melbourne - Foster's Group on Tuesday rejected a A$9.5bn ($10.1bn) cash takeover offer from SABMiller as too low after the global brewing giant offered only a slim premium for Australia's largest bre...Published: 21 Jun 2011 at 05:02hrs | | by .
Foreign Investors reviving their interest in Zim as an investment destination
Investors across Zimbabwe's economic spectrum are reviving their interest in the country as an investment destination and the country's stock exchange has been projected to register significant activi...Published: 29 May 2011 at 07:17hrs | 1 | by Tawanda Karombo | edited Moyo Roy
Mugabe's takeover threats deter foreign Investors
A daily stream of multinational executives ask Zimbabwe's industry and commerce minister the same question: Does President Robert Mugabe plan to seize my company?"I...Published: 03 Mar 2011 at 10:12hrs | | by Farai Mutsaka
Delta's Stephen Moyo wins beer testing award for Africa
Delta Zimbabwe beverages beer brewer, Stephen Moyo, has achieved a unique feat not only for Africa but for the whole world. Moyo was crowned the 2010 SA...Published: 16 Feb 2011 at 10:43hrs | | by Byo24News
Zimbabwe lifts SABMiller’s sales volumes
SABMiller plc said its financial performance was in line with its expectations after the maker of Grolsch and Peroni Nastro Azzuro posted a forecast-beating rise in third-quarter lager volumes, b...Published: 18 Jan 2011 at 13:21hrs | | by Byo24News
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