Zimbabwe’s Delta Corporation invests US$1.1m in sorghum production to meet rising beer demand

ZIMBABWE – Delta Corporation Limited, leading manufacturer and marketer of both international and locally produced beverages has invested US$1.1 million into sorghum planting under a strategy to secure inputs for its massive operation. The Zimbabwe Stock Exchange listed blue-chip, has recently been making fresh forays into domestic and foreign markets, unlocking opportunities for growth and higher demand for beer. The US$1.1 million injection, according to Zimbabwe Independent, will be channelled production of 13, 425 tonnes of sorghum to quench up the thirst of beer lovers as demand rises. “We have…

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Delta Corporation Limited undertakes Executive restructuring following CEO scheduled retirement

ZIMBABWE – Zimbabwe Stock Exchange-listed beverages producer, Delta Corporation has announced the retirement of its CEO Mr Pearson Gowero with effect 30 June 2021, after eight years at the helm. Drawing to a close a distinguished career with the Group spanning nearly 25 years, Mr Gowero will be succeeded by Mr Matlhogonolo Valela, the Group Finance Director who will takes over the reins from July 1. Pearson was appointed as the Chief Executive Officer in June 2012, having joined the Group in March 1997. He started at Chibuku Breweries in…

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Zimbabwe’s leading beverage manufacturer Delta Corporation expands soft drink distribution network

ZIMBABWE – Delta Corporation Limited, leading manufacturer and marketer of beverages in Zimbabwe has received the approval of the Competition and Tariff Commission (CTC) to expand its soft drink footprint and distribution network in Manicaland province. The beverage maker is involved, through its principal subsidiary Delta Beverages, in the brewing of lager and traditional beer and the bottling of soft drinks under licence from the Coca Cola Company. Following the approval, The Coca-Cola Company has extended its sparkling beverages franchise arrangements to cover the Eastern part of Zimbabwe. This cements…

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Delta Corporation reports 11% rise in interim revenue on back of high pricing

ZIMBABWE – Delta Corporation Limited, leading manufacturer and marketer of beverages in Zimbabwe has reported an 11% rise in revenue to ZWL 12.9 billion (US$35.6m) in inflation adjusted terms, for the half year period ended September. The revenue growth which signified the company defying the impact of Covid-19 related restrictions that characterised the reporting period, was driven by inflation induced pricing across all product categories. Its operating income grew 15% to ZWL 4 billion (US$11m) while EBITDA went up by 12% to ZWL 4.5 billion (US$12.4m). The company’s Headline Earnings…

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Delta Corporation reports decline in beer sales as sparkling beverages volume grow by 35%

ZIMBABWE – Delta Corporation, Zimbabwe’s largest beverage manufacturer has reported that its beer sales both lager and sorghum, took a dip in the first quarter to June 30, 2020, but its soft drink’s sales were positive. The mixed performance was achieved on the back of economic headwinds and limited access to markets due to Covid-19 induced restrictions. Delta operates in four segments: non-alcoholic beverages, sparkling beverages, lager beers and traditional beers. Its revenue for the first quarter was 5% below prior year in inflation adjusted terms compared to a growth…

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Delta Corporation reports 480% rise in revenue despite significant economic constrains

ZAMBIA – Delta Corporation Limited, leading manufacturer and marketer of both international and locally produced beverages in Zimbabwe has reported a 480% growth in revenue to ZWL 4.2 billion (US$11.6m) on historical cost basis, in the year ended March 31, 2020 from ZWL 722m (US$1.99m) recorded the previous year. According to the company’s financial report, the revenue growth was driven by inflation induced pricing across all product categories. During the year under review Earnings before interest and tax (EBITDA) grew by 560% to ZWL 1.42billion (US$3.9m) while Operating Income rose by…

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Delta renews three-year bottlers contract agreement with The Coca-Cola Company

ZIMBABWE – Delta Corporation Limited, a leading beverages producer in Zimbabwe has renewed the bottlers agreement with The Coca-Cola Company (TCCC) to run for the next three years. Delta had been trading under a cautionary issued after TCCC announced its intention to terminate the bottlers agreement with the group entities. This followed the merger of AB InBev and SABMiller Plc in October 2016 and the subsequent agreement in principle reached between TCCC and AB InBev to explore options to restructure the bottling operations in a number of countries. The renewal…

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Delta injects $11m into sorghum contract farming to boost production

ZIMBABWE – Delta Corporation, Zimbabwe’s largest beverage manufacturer, has injected more than $11 million into its Beverages Sorghum Contract Farming Scheme (BSCFS) during the 2019/2020 farming season, as it moves to support local farmers. Delta requires about 11, 400 tonnes of red sorghum and 2 400 tonnes of white sorghum annually but requirements vary every season, depending on projected domestic beer consumption levels, reports News Day. Delta corporate affairs executive Patricia Murambinda said that 6 949 farmers across the country had been contracted to produce sorghum this season. “Our current…

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Delta Corp reports dwindling performance with 48% decline in larger beer volumes

ZIMBABWE – Delta Corporation Limited, a beverage manufacture in Zimbabwe has reported a decline in its performance for the half year period ended September 2019 on the back of declining sales. The company saw a 40% tumble for the quarter and 48% for the six months in lager beer volumes compared to the same period last year affected by the fundamental changes to the economy arising from the recent fiscal and monetary policy shift. Zimbabwe shifted from the multi-currency trading and reverted to the Zimbabwe Dollar as the sole trading…

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Delta Corporation reports subdued performance as lager sales slip 57%

ZIMBABWE – Delta Corporation, Zimbabwe’s largest beverage manufacturer, reported a decline in its performance for the first quarter ended 30 June 2019 on the back of declining sales. The company saw its lager beer volumes declining by 57% while sparkling beverages volumes dropped by 79% compared to the prior year due to constrained demand and raw material supply related challenges. Delta reported a 92% increase in total group revenue, but only because the previous period’s reporting was valued in US$ and at the time there was still a one-to-one exchange…

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