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

El Niño Recovery: Zimbabwe's Maize Imports Contracts by 43% in April 2025

Zimbabwe’s maize imports dropped sharply to US$391.3 million in April 2025 from US$686.9 million in March, according to the latest trade data from Zimbabwe Statistics Agency (Zimstat). The 43% declin

May 29, 2025

African Sun’s Caribbea Bay Resort Put on Sale

African Sun Limited, Zimbabwe’s largest hotelier group by room and market share has placed the Caribbea Bay Resort on the market as part of a strategic effort to modernise its portfolio and enhance op

May 29, 2025

Gold Exports Set New Record by Surpassing 300 Million in April Alone

Zimbabwe’s gold exports achieved a remarkable milestone in April 2025, surpassing the $300 million mark in a single month. This record-breaking performance was propelled by a surge in production and e

May 29, 2025

Zimbabwe's Inflation Surge in Local Currency, USD Enters Deflation: Comparative Analysis with SADC Peers

Zimbabwe's annual inflation rate in local currency (ZiG) skyrocketed to 92.1%, driven by food and beverage prices, while the US dollar (USD) saw a month-on-month decline of 0.3%. The repeal of Statut

May 29, 2025

Zimbabwe's Trade Deficit Contracts for the First Time in 2025

Zimbabwe's trade deficit has narrowed for the first time in three months, reaching US$118.7 million in April 2025, a 49.5% decrease from the March deficit of US$235.2 million, according to the latest

May 28, 2025

Zimbabwe’s Banking Sector in Q1: A Comparative Performance Analysis

Zimbabwe’s banking sector has demonstrated resilience and adaptability in the first quarter of 2025, overcoming a complex economic environment shaped by the ZiG currency’s introduction, inflationary p

May 28, 2025

Unifreight Projects US$32 Million Turnover for FY2025, Betting on  Cross-Border, 4PL Units

Unifreight Africa is projecting a FY2025 top line of US$32 million building on its latest investments in Fourth-Party Logistics (4PL) and Cross Border Units which came online barely 12 months having l

May 27, 2025

Mealie Brand Introduces Cost-Saving Manufacturing Process

Zimplow Holdings, Zimbabwe's leading supplier of agricultural, mining, and automotive equipment, has introduced a new re-engineering manufacturing process at its Mealie Brand unit, according to the la

May 23, 2025