Search results for 'sugar_tax'
Zimbabwe
Mid-Term Budget’s Tax Position: Reforms Fall Short of Expectations, New Levies Introduced
In the latest mid-term budget announcement, Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, has fallen short of meeting the diverse fiscal expectations of b
Jul 26, 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
Innscor Makes History Again: First Zim Firm to Hit US$1 Billion Revenue Twice, Fuelled by Decades of Strategic Mastery
Innscor, Zimbabwe’s largest food processor, has etched its name in history as the first company in the nation to surpass US$1 billion in revenue twice, achieving this feat in 2014 with US$1.04 billion
Sep 26, 2025
Zimbabwe
Zimbabwe Sugar Sector Eyes Major Investment Despite Policy and Cost Pressures
Zimbabwe's sugar industry produced 443,501 tonnes in the financial year ended 31 March 2026, a 1% increase from the prior year, while total sales reached 471,837 tonnes, a 24% increase from 380,531 to
Jul 07, 2026
Companies
Hippo Sees Hidden Sugar Tax Losses as Beverage Makers Shift to Artificial Sweeteners
Zimbabwe's beverage sugar tax is beginning to reshape demand across the country's sugar value chain, with Hippo Valley Estates acknowledging that manufacturers' growing use of artificial sweeteners is
Oct 12, 2026
Top Stories
Zimbabwe Clarifies Economic Mandates for Mthuli Ncube and Tagwirei Through New Statutory Instruments
The new economic development portfolio can be assessed through concrete administrative indicators. Competition case processing times, the publication of merger decisions and the consistency of regulat
2 hours agoTreasury Owes Road Contractors US$188 Million as New US$2 Million Contract Approval Rule Takes Effect
Treasury has also warned creditors against engaging third-party debt recovery consultants whose commissions it does not recognise. The directive places greater importance on formal verification and pa
2 hours agoBuilt with Billions, Left Uninsured: Africa's Unprotected Public Infrastructure Exposes Taxpayers to Mounting Disaster Liabilities
Zimbabwe's government is moving towards compulsory insurance for public assets after its insurance regulator established that most government buildings, schools and hospitals remain without adequate p
23 hours agoCBZ Loans and Deposits Surge Over 50%: Profit Barely Moves as Nonfunded Income Dominates Earnings
CBZ Holdings, has recorded substantial balance sheet expansion during the first nine months of 2026, with loans and deposits increasing by more than 53%, although profit after tax advanced just 0.9% t
23 hours agoZB Lending Surges 78%, Profit Falls 31% as Core Earnings Recovery Exposes Revenue Dependence
ZB Financial Holdings recorded a 78% increase in mortgages and other advances to ZWG5.52 billion during the nine months ended 30 September 2026, although profit after tax declined 31% to ZWG420 millio
1 day agoPfuma's Rental Income Jumps 40%, Investment Returns Fall 29%: Can Property Expansion Sustain Dividends?
Pfuma Fund's rental income has increased 39.9% to US$648,049 during the third quarter of 2026, reflecting an accelerating transition from interest earning investments into income generating commercial
1 day agoCaledonia's Gold Price Jumps 20%, Shareholder Profits Collapse 81%: Who Captured the Upside?
Caledonia Mining Corporation's shareholders experienced an 81% decline in attributable profits during the third quarter of 2026, despite the company benefiting from a 20% increase in realised gold pri
1 day ago
