Articles tagged 'delta corporation'

Delta assists Mat South school 4 December 2018 HARARE - Delta Corporation has constructed two classroom blocks with two fully furnished classrooms each and a 10-hole toilet block at Fairview Primary School in Matabeleland South Province. The initiative, worth $60 000, is part of Delta's Schools Infrastructure Programme under which it works...
Delta upgrades road junction 12 September 2018 HARARE - Delta Corporation is contributing $260 000 towards the upgrade of a road junction linking its Fairbridge Chibuku Super plant in the second city with the Harare-Bulawayo highway. In a statement, the Zimbabwe Stock Exchange-listed concern said the rehabilitation of the plant in 2016 has...
Delta records $32,3m profit 10 November 2017 HARARE - Zimbabwe Stock Exchange listed blue-chip counter, Delta Corporation (Delta), has registered a $32,3 million profit in the half year to September, up from $30,9 million recorded in the same period last year. The group’s chief executive, Pearson Gowero, said the business remains profita...
Anheuser-Busch InBev takes over Delta 7 October 2016 HARARE - Zimbabwe Stock Exchange (ZSE) listed Delta Corporation (Delta), will soon become part of the Anheuser-Busch InBev (AB InBev) family following a $101 billion megabrew merger between the Belgium-headquartered beverages maker and SABMiller. Delta — 38 percent owned by globally brewer SAB...
Delta pays $45m dividend 10 June 2015 HARARE – Zimbabwe’s largest beverages maker, Delta Corporation (Delta), will on Wednesday this week reward its shareholders with a final dividend of $28,4 million. This will bring the total dividend for the year to March 2015 to $45,1 million, which is three percent above the $43,7 million dis...
Delta plans $50m capex 18 May 2015 HARARE - Beverages manufacturer Delta Corporation, (Delta), plans to spend nearly $50 million in capital projects aimed at buttressing its operating capacity. Matts Valela, Delta financial director told businessdaily last week at the company’s analysts briefing that part of the capital expendi...
Delta in profit warning 16 April 2015 HARARE - Beverages manufacturer Delta Corporation (Delta) has warned of lower profits for the full year to March 2015, citing “changes in the sales mix and the deliberate strategies to preserve volumes”. Delta recorded a $104 million profit last year up from $75 million profit registered in 20...
Beer prices slashed 29 December 2014 HARARE - The retail price of beer has further gone down marginally by an average five cents across the whole portfolio effective today, Delta Corporation (Delta) has said. In mid-September this year the beverages maker slashed beer prices from between five cents and 20 cents across the whole p...
Harsh economy affects Delta: SABMiller 27 May 2014 HARARE - Global brewer SABMiller says the current economic crisis in Zimbabwe has affected the bottom-line of its subsidiary Delta Corporation (Delta). “The economic environment in Zimbabwe hampered the performance of our associate, Delta, with lager volumes declining by 18 percent,” said Alan...
'Duty suspension to bolster Delta bottom line' 9 April 2014 HARARE - SABMiller's Zimbabwean unit Delta Corporation (Delta) has received an excise duty reprieve from government, a development analysts say will grow the beverages maker's bottom line. Last Friday, Harare suspended duty on bottler grade sugar for six months. Delta, along with fellow jui...
Delta negotiates duty reduction 17 November 2013 HARARE - SABMiller's Zimbabwe unit Delta Corporation (Delta) says it is negotiating with government over a possible reduction of excise duty which has taken a toll on the group's lager beer volumes. This comes as authorities increased excise duty on lager beer from 40 percent to 45 percent of ...
Delta defends beer price hike 17 November 2013 HARARE - Delta Corporation has defended its recent beer price increase arguing it needed to realise real value from its products and improve margins. Last month, the brewer hiked the wholesale price of 375ml brown bottle beer to $0, 90 from $0,80 while 340ml green bottles went up by $0,20 to $...
Delta lager volumes down 17 October 2013 HARARE - Listed beverages maker Delta Corporation (Delta) says its lager beer volumes remain depressed, slumping 12 percent in the quarter to September 2013. The brewer — about 40 percent owned by South Africa-based SABMiller — said consumer demand has continued to be subdued, “a trend that ha...
Wet season for boozers 4 December 2012 HARARE - Zimbabwean boozers are in for a wet festive season despite sporadic water and power supplies at beer brewer Delta Beverages Bulawayo and Harare plants. In past years, the beverages giant has been stretched to maximum capacity due to high demand. Delta Beverages director of corporate affa...