Astra to make offer to minorities

HARARE, November 22 (The Source) – Astra Industries will make a mandatory offer to minorities by July next year following the acquisition of the company’s majority shares by Kansai Plascon Africa Limited earlier this year, the company has said. Kansai Plascon Africa holds 38.25 percent… Read More

Delta lager woes hit Zimglass hard

GWERU, November 21 (The Source) – Falling demand for bottled beer has hit hard glass manufacturing firm, Zimbabwe Glass Industries (Zimglass) after its main customer Delta reduced orders for bottles, an official has said. Delta last week reported depressed lager sales, 10 percent lower in… Read More

Lower lager volumes hit Delta half-year revenue

HARARE, November 13 (The Source) – Zimbabwe’s largest beverage manufacturer Delta’s revenue for the half-year to 30 September grew five percent to $315.5 million, underpinned by a similar growth in volumes, reflecting a depressed  market. The brewer, a local unit of the London- headquartered SABMiller,… Read More