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

VFEX Turnover More than Quadruples to US$58.5 Million in Q1 2025

The Victoria Falls Stock Exchange (VFEX), a dynamic subsidiary of the Zimbabwe Stock Exchange (ZSE), has solidified its role as a catalyst for Zimbabwe’s ambitious International Financial Services Cen

1 day ago

Caledonia Mining Boosts Gold Production Prospects at Blanket Mine with Encouraging Drill Results

Caledonia Mining Corporation has reported promising high-grade results from its ongoing resource expansion drill programme at its owned Blanket Mine. This will improve gold production at Blanket, whi

Jun 24, 2025

Zimbabwe Gold Sees First Appreciation Since May Post-Gold Coins Era

The Zimbabwe Gold (ZiG) has appreciated for the first time since May 21, rising from 26.9965 to 26.9543 against the U.S. dollar on the formal market today, marking its first gain in June following the

Jun 24, 2025

Oil Prices Surge to 5-Month High Amid US-Iran Conflict

Oil prices have skyrocketed to a five-month high, with Brent crude surging 5.7% to US$81.40 a barrel before settling at US$78.39, with U.S. West Texas Intermediate rising 2.6% to US$75.76. The spike

Jun 23, 2025

ZiG Weekly Commentary: From Gold Coins to Growth, ZiG’s New Era

The ZiG maintained relative stability in the willing buyer-willing seller auction market. On June 20, 2025, it depreciated slightly to 26.9918 from 26.9768 the previous week, before recovering margina

Jun 23, 2025

Zimbabwe's Tobacco Production Surpasses 300 Million Kilograms, Eyes New Record

Zimbabwe’s tobacco industry has achieved a historic milestone in 2025, surpassing 300 million kilograms of production, generating over US$1 billion in revenue by June 19, 2025 according to TIMB.  Thi

Jun 23, 2025

POSB Launches Instant Payday Loan

People’s Own Savings Bank (POSB), Zimbabwe’s government-owned financial institution, has launched the Instant Payday Loan, a fully automated loan facility designed to empower customers with rapid acce

Jun 19, 2025

Tobacco Sets New All Time Historic High

obacco Industry Marketing Board has reached a record 299.1 million kilograms as of day 71 of the  2025  marketing season, generating  US$1,004,477,101 billion in revenue, according to the latest daily

Jun 19, 2025