Delta lager volumes fall 21 pct in Q1

HARARE, July 22 (The Source) – Beverage giant Delta Corporation says lager volumes for the first quarter to June 30 fell 21 percent year-on-year due to continued depressed consumer demand, while revenue for the quarter dropped by three percent. Sparkling beverage volumes also dropped by… Read More

SeedCo PAT marginally declines

HARARE, June 27 (The Source) – SeedCo after tax profit for the full year to March marginally declined to $11,8 million from $11,7 million in prior year suppressed by rising costs, the company reported on Friday. Despite registering a nine percent growth in revenue to… Read More

Domino’s Pizza for Zim

BULAWAYO, April 10 (The Source) – South Africa-based Taste Holdings  has signed a 30-year master franchise agreement (MFA) with Domino’s Pizza International Franchising  to develop the brand in  seven southern African countries, including Zimbabwe. The company said this was a long-term strategic decision to grow… Read More

Choppies to expand Zim, regional footprint

BULAWAYO, March 25 (The Source) – Botswana retail chain, Choppies Enterprises, plans to expand its footprint in Zimbabwe this year after opening 13 retail outlets since it entered the local market in October last year. Choppies acquired a 49 percent stake from Bulawayo-based businessman Raj… Read More

Innscor to cut jobs at bakery unit

By Bernard Mpofu, March 24 (The Source) – Fast foods group Innscor Africa is laying off an undisclosed number of employees at its bakery unit to reduce operating costs, its spokesperson said on Monday. “We have no specific numbers of people we wish to retain.… Read More