Search results for 'sugar tax'
Zimbabwe
AB InBev Demonstrates Strong Growth in South Africa

AB InBev, the leading global brewer, has experienced significant expansion in its operations in South Africa and Africa. This growth can be attributed to the company's strategic focus on capturing mar

Mar 05, 2024
Companies
Sugar Tax, Drought Weighs Heavily on Delta's Performance

Delta Corporation, a leading beverages manufacturer with over 80% market share, has seen its performance heavily affected by the sugar tax introduced by Finance and Economic Development Minister Mthul

Jul 29, 2024
Zimbabwe
Sugar Tax Cut, Over 2 Million Unaccounted For: Will Fast Food Tax Suffer Same Fate?

Reduction of Sugar Tax: Has cut the sugar tax from 0.001% to 0.0005% per gram Revenue Allocation Concerns: Despite generating significant revenue from the sugar tax, no cancer treatment equipment has

Dec 02, 2024
Companies
Delta Corporation Pays $31 Million in Sugar Taxes, Implements Strategic Mitigation Measures

Delta Corporation, Zimbabwe's largest beverages maker, has paid US$31.2 million in sugar taxes during the period from February 2024 to December 2024, which has had a ripple effect on the market. The

Jan 23, 2025
Companies
Dairibord’s Profit Soars to US$3.7M as Milk Intake Jumps 49%

Dairibord Holdings Limited, a leading milk processor listed on the Zimbabwe Stock Exchange (ZSE)’s profit after tax has  more than doubled to US$3.7 million from US$1 million in the previous year. Th

Apr 01, 2025

Top Stories

Vast Resources Discovers Additional 6,055 Carats of Diamonds in Marange Parcel

Vast Resources plc, a London-based junior mining company listed on the Alternative Investment Market (AIM), has discovered additional 6,055.35 carats of gem-quality diamonds during the classification

1 day ago

Zimbabwe's Fuel Prices Hold Steady Despite Global Oil Price Collapse

Zimbabwe’s fuel prices have remained static for both petrol and diesel in May, according to  energy regulator,  Zimbabwe Energy Regulatory Authority (ZERA). Petrol continues to retail at US$1.53 per

1 day ago

USA Proposes to Cut $555 Million to the African Development Fund: Implications for AfDB, Africa’s Development

The Trump administration has proposed to eliminate $555 million in funding for the African Development Fund (ADF), the concessional financing arm of the African Development Bank (AfDB), marks a signif

May 07, 2025

Lake Kariba's Water Level Increases to 15%

Lake Kariba is witnessing a steady rise in water levels fuelled by sustained inflows from the Zambezi River, according to the latest hydrological bulletin. This upward trend, though modest has sparke

May 07, 2025

Gold Quarterly Snap: China Leads Demand, Jewellery Consumption Hits 35 Billion in Just 3 Months

Global gold demand soared to a record 1,206 tonnes in the first quarter of 2025, the highest Q1 figure since 2016, driven by a 1% year-on-year increase that included over-the-counter (OTC) investment.

May 07, 2025

After 3-Month Pause, Zimbabwe Gold Exports Surge to 246.9 Million

Gold export earnings have resumed an upward trajectory in March 2025, climbing to $246.87 million, a 14% increase from February’s $216.86 million, marking the first rise since November 2024 when a rec

May 07, 2025

Zimbabwe Electricity Crisis to Worsen as Hwange Faces Technical Faults

Zimbabwe is bracing for prolonged power cuts this week as several units at the Hwange Thermal Power Station, the country’s largest power plant, are offline, intensifying an already critical electricit

May 06, 2025

Proplastics Sees 11% Production Boost in Q1 25

Proplastics Limited, a Zimbabwe Stock Exchange listed plastics manufacturer and distributor, has reported a 11% jump in production for the first quarter of 2025, according to its latest trading update

May 06, 2025