Delta, PSL marriage continues; new three year US$3.3m sponsorship deal
Delta Beverages has officially extended its sponsorship of the Premier Soccer League (PSL) in Zimbabwe and the Chibuku Super Cup for another three years.
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Delta Beverages has officially extended its sponsorship of the Premier Soccer League (PSL) in Zimbabwe and the Chibuku Super Cup for another three years.
Market capitalisation on the Zimbabwe Stock Exchange (ZSE) reached $2,7 trillion as of Thursday last week, before the Easter break, gaining significantly since the beginning of the year, according to official data. Weekly turnover was $578,7 million.
Delta Beverages has failed to make a case against a South African company that supplied it with plastic packaging for its beverages business after the High Court upheld the agreement between the two parties.
Beverages giant, Delta Corporation, yesterday announced new recommended wholesale and retail prices for its clear beer products that are sold across the country, a move that has resulted in a 25 percent increase of the firm’s lager beer prices.
Beer drinkers may now need to think twice before downing the so-called wise waters.
This follows the steep increase in the price of clear beer – by more than 100 percent – hours after Delta Corporation Limited was forced to reverse its decision to sell its products in hard currency.
Zimbabwe’s largest brewing company Delta Beverages, part owned by Anheuser-Busch Inbev, said it has abandoned a plan to only accept hard currency payments to cope with a crippling shortage of U.S. dollars, after the government intervened.
Delta Board of directors has appointed three new non-executive directors to join the panel.
By Hopewell Chin’ono
Coca Cola has suddenly become a very much sought after commodity in Zimbabwe, reflecting the depth of our economic crisis and rot because it is now unavailable.
There is no more Coca-Cola and its related products in Zimbabwean shops and citizens are pissed off judging from the retorts I am hearing.
Delta Beverages has urged its customers to be patient following a shortage of soft drinks and maheu products on the local market.
Delta Beverages’ revenue grew 18 percent to US$572 million for the year ended March 31, 2018, compared to US$482 million in the prior year.