Did you know?… Delta Corporation Limited history

10 Apr, 2020 - 00:04 0 Views
Did you know?… Delta Corporation Limited history

eBusiness Weekly

Delta Corporation Limited is an integrated beverage firm with a diverse portfolio of local and international brands in lager beer, traditional beer, Coca-Cola franchised sparkling and alternative non-alcoholic beverages. The current chief executive officer is Pearson Gowero, who took over from Joe Mutizwa in 2012.

It has investments in associate companies and whose activities are in cordials and juice drinks (Schweppes Zimbabwe), wines and spirits (Afdis Distillers Limited) and in 2017 acquired National Brewery Zambia (Natbrew).

The Company has a minority shareholding in the now consolidated packaging group NamPak Zimbabwe. The beverages group is also negotiating the acquisition of South African sorghum beer business United National Breweries.

Delta is listed on the Zimbabwe Stock Exchange and as of this week its market capitalisations was at $3,67 billion with global brewer, AB InBev the major shareholder with a 40 percent stake.

Delta was first listed on RSE in 1946 as Rhodesia Breweries Limited. Its origins, however, date back to 1898 when the country’s first brewery was established in Cameroon Street, (Salisbury) Harare, from where the brewing industry developed into a major industrial and commercial operation.

By 1950, the Company had built the Sable Brewery in Bulawayo, producing pale ale, milk stout and Sable Lager.

Over the years the Company continued to expand its portfolio of businesses and diversified its brewing base.

In 1978 the name was changed to Delta Corporation Limited and the Company assumed the mantle of a holding company for a broad range of interests serving the mass consumer market.

These included lager and sorghum beer brewing, bottling of carbonated and non-carbonated soft drinks, supermarket (OK Zimbabwe) and furniture retailing, tourism and hotels (African Sun) and various agro-industrial operations.

The hotel, supermarket and furniture retailing businesses were demerged from the Group in 2001 to 2002 resulting in the Group focusing on the core beverages sectors.

Some supply chain related investments remained part of the Group until 2014 when the plastic packaging entity, MegaPak, was demerged.

If you want your company to feature on this column, please contact Herbert Zharare on herbert.zharare@zimpapers, phone 0773456021   or    kudzanai.sharara@zim, phone 0719768370

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