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

First Capital's Non-Performing Loans Down to 3.7%: Testament to Enhanced Risk Management

First Capital Bank, Zimbabwe’s renowned financial services outfit, has achieved a remarkable feat in the first quarter of 2025, with non-performing loans (NPLs) plummeting from 7% in Q1 2024 to 3.66%

12 hours ago

AXIA’s DGA Segment Sustains Sluggish Performance in Q3 FY2025

Axia Corporation Limited's Distribution Group Africa (DGA) segment has sustained a sluggish performance in the third quarter of FY2025, ended March 31, 2025, compared to the same period last year, whi

14 hours ago

Simbisa Brands Completes 100% Paper-Based Packaging Initiative

imbisa Brands Limited, Zimbabwe's leading quick-service restaurant group, has fully transitioned to 100% paper-based packaging across its 722 outlets according to the company Q3 2025 trading update.

17 hours ago

African Sun’s Topline Slumps in Q1 as Occupancy Falls to 39%: A Comparison with RTG

African Sun Limited (ASUN) the largest hotelier group, faced significant challenges in the first quarter of 2025 with hotel occupancy rate plummeting by 17% to 39% from 47% in Q1 2024, accompanied by

1 day ago

AfDB Approves $304 Million Loan to Stabilise Botswana's Economy

Botswana, often celebrated as a model of economic stability and prudent governance in Africa, is confronting a severe economic crisis precipitated by a sharp decline in global diamond prices. The Af

1 day ago

Khayah Cement to Go Private as Creditors Back Delisting, Fossil Mining Exit Looms

Khayah Cement creditors have approved a plan to delist the company from the Zimbabwe Stock Exchange, a move that sets the stage for majority shareholder Fossil Mining to potentially exit its investmen

1 day ago

Padenga Sets High Bar in Q1'25: Eureka Upgrades Drive Gold Production, Efficiency

Padenga Holdings Limited, Zimbabwe’s largest listed gold producer, has begun FY2025 with a robust performance, demonstrating resilience and growth in both its gold mining and agricultural divisions.

1 day ago

Zimbabwe’s Electricity Supply Improves as More Units Back Online

Zimbabwe’s power generation has increased, according to the latest update by the Zimbabwe Power Company (ZPC). Data posted by ZPC shows that output has rose to above 1400 MW from around and below 900

1 day ago