Articles tagged 'delta'

Delta speaks on cross-border investment 12 January 2019 HARARE - Delta Corporation says its acquisition of a controlling stake in Lusaka Stock Exchange-listed National Breweries PLC (Natbrew) in December last year was approved by all the relevant regulatory bodies. Zimbabwe's largest beverages producer acquired a 70 percent stake in Zambia's Natbre...
Old Mutual, Delta excite foreign buyers 13 November 2018 HARARE - Foreign investors were net buyers of $1,3 million shares on the Zimbabwe Stock Exchange (ZSE) in last week, with particular interest in Old Mutual and Delta Corporation. According to figures from the local bourse, foreign purchases accounted for $13,3 million worth of shares while sal...
Econet, Delta excite foreigners 3 October 2018 HARARE - Foreign investors were net buyers of $1 million shares on the Zimbabwe Stock Exchange (ZSE) in September, with particular interest in Delta and Econet. According to figures from the ZSE, foreign purchases accounted for $21,7 million worth of shares while sales amounted to $22,7 millio...
Shortages of drinks worsen 19 August 2018 HARARE - The country's largest beverages company, Delta Corporation Limited, has attributed the beverage shortages being experienced in the country to shortages in foreign currency. Among the products that are in short supply are fizzy drinks, maheu, as well as some of the beer brands usually ...
Delta revenue up 41pc 31 July 2018 HARARE - Zimbabwe's largest beverage maker, Delta Corporation reported a 41 percent increase in revenue for quarter ended June 30 after strong performance in lager beer while volumes increased 33 percent. Pearson Gowero, the company's chief executive, told shareholders at Delta's annual genera...
Zim braces for price increases, shortages 13 May 2018 HARARE - As the country hurtles towards the watershed national elections, struggling companies are warning of steep price increases and debilitating shortages of basic goods due to Zimbabwe's worsening foreign currency squeeze. This comes as the country's biggest food and beverages firm,  Delt...
ZSE breaches $5bn mark 12 June 2017 HARARE - The Zimbabwe Stock Exchange's market capitalisation last week breached the $5 billion mark for the first time in nearly two years. The local bourse closed the week at $5 179 592 804 buoyed by gains in blue chip counters such as BAT, Delta, Innscor, SeedCo, Meikles and Colcom.  [Goo...
PSL season kicks off 1 April 2017 HARARE - After a four-month break, the Castle Lager Premier Soccer League kicks off this afternoon with the rest of the teams hoping wrestle the title away from CAPS United. Makepekepe get their title defence tomorrow with an away game to Maglas Stadium to take Shabanie Mine. New boys Yadah...
Delta, PSL begin sponsorship renewal negotiations 11 February 2017 HARARE - Delta Beverages have started negotiations with the Premier Soccer League (PSL) regarding the sponsorship renewal ahead of the 2017 season. This follows the expiry of the sponsorship at the end of last season and yesterday following uncertainty over the renewal of a new deal PSL chief ...
Mash East wins Jikinya Fest 29 November 2016 HARARE - Mashonaland East's St Joseph Primary School are the champions of this year's edition of Jikinya Dance Festival held in Masvingo on Friday. Mkhithika Thebe from Bulawayo were second-placed while Manicaland's Rujeko and Maringire schools from Masvingo were on third and fourth positions ...
Masvingo hosts Jikinya festival 24 November 2016 HARARE - Zimbabwe's most prestigious traditional dance competition for primary schools — the Jikinya Dance Festival — will take place at Masvingo Polytechnic College tomorrow. As has become the norm, the competition, sponsored by Delta Corporation, will feature 10 provincial primary school cha...
Chibuku Super Cup returns 3 September 2016 HARARE - The country's biggest knockout tournament will return this month when the third edition of the Chibuku Super Cup is launched in Harare next week.  The tournament, which is being sponsored by Delta Beverages, will see all the 16 Castle Premier League teams participate for the ultimate ...
All set for Golden Pilsener Zim Open 11 April 2016 HARARE - With all the world attention centred on Augusta National for the ongoing Masters, local golf fans can also look forward to next week's Golden Pilsener Zimbabwe Open at Royal Harare Golf Club. The action will start on Monday with the pre-qualifying tournament where at least 80 hopefuls...
Delta reaffirms Zim Open partnership 8 April 2016 HARARE - Delta Beverages insists they remain committed to helping local golf improve shown by their continued support of the Golden Pilsener Zimbabwe Open championship. The tournament tees off next Thursday at the Royal Harare Golf Club with a field of at lead 141 golfers fighting for honours....
Festive cheer eludes Delta as volumes dip 19 January 2016 HARARE - Zimbabwe's largest beverages maker, Delta Corporation (Delta), says it recorded subdued volume and revenue performance for the quarter to December 31, 2015, on the back of depressed aggregate demand. Delta — 38 percent-owned by global brewer SABMiller and with over $1 billion market c...
$20 000 boost for Campfire 28 November 2015 HARARE - Delta's Castle Lager brand has handed $20 000 to the Community Areas Management Programme for Indigenous Resources (Campfire). The money was received by Campfire director Charles Jonga. It is part of Delta's corporate social responsibility, conducted in the form of a competition. [...
Delta records $35,7m profit 13 November 2015 HARARE - Zimbabwe's largest listed company, Delta Corporation Limited, posted a 19 percent drop in profits to $35,7 million in the six months to September 2015 due to pressure on discretionary spending and the resultant depressed consumer demand. The company's chairman, Canaan Dube, on Wednesd...
Delta unveils all-new Golden Pilsener packaging 12 November 2015 HARARE - SABMiller's Zimbabwe unit will be unveiling new, state-of-the-art packaging material for Golden Pilsener to keep pace with the world beer packaging trends. Delta Corporation (Delta), 38 percent owned by global brewing giant SABMiller, said the new packaging material will consist of th...
Depressed consumer spending hits Delta 21 January 2015 HARARE - Listed brewer Delta Corporation (Delta) recorded a slump in volumes almost across its whole beverages portfolio in the third quarter to December 2014 due to depressed consumer spending. The group, which registers higher sales during the festive season, said “the trading environment re...
Delta's Gowero appointed to Nampak board 28 December 2014 HARARE - Delta Corporation (Delta)’s chief executive Pearson Gowero has been appointed to Nampak Zimbabwe Limited (Nampak Zim) board following the merger of Hunyani, CarnaudMetalbox and MegaPak. This comes as South Africa-based packaging group Nampak Holdings (Nampak) wholly-acquired the Zimba...
Depressed economy hits Delta 14 November 2014 HARARE - Listed brewer Delta Corporation (Delta)’s attributable income slumped seven percent to $44,1 million in the half year to September 2014, as depressed economic activity hit lager beer demand. During the period under review, the group’s lager beer volumes went down by 25 percent to 695 ...
Pool masters battle for supremacy 24 October 2014 HARARE - Top competitors from across Zimbabwe are set to battle for pool supremacy at the Carling Black Label national pool championship finals that take place at Zvishavane’s Kubatana Bar tomorrow. At least 1 000 pool players participated in the provincial competitions that have now culminate...
Depressed economy hits Delta lager volumes 14 October 2014 HARARE - Listed brewer Delta Corporation (Delta)’s lager volumes declined by 25 percent in the half year to September 2014 due to depressed consumer spending coupled with increased excise duty. The group — about 40 percent owned by London-based SABMiller — said Zimbabwe’s general economic perf...
Beer prices reduced 18 September 2014 HARARE - The retail price of beer has marginally gone down from between 5 cents and 20 cents across the whole portfolio since Monday, Delta Corporation (Delta) has said. According to the latest statement from the listed beer manufacturer, a 375ml pint of lager is now sold at a recommended reta...
Delta pays $ 27,8m dividend 13 June 2014 HARARE - Beverages manufacturer Delta Corporation Limited (Delta) has paid out a total $27, 8m dividend for the year to March 2014. The group — about 22 percent owned by South Africa-based SABMiller — declared a $2,25 cents per share interim dividend bringing the total dividend for the year to...