Delta To Invest US$150mn To Boost Output As Economy Begins Recovery

As Zimbabwe's economy starts to recover from a debilitating decade-long plunge after shifting to a US dollar- and South African rand-based economy, Delta Corporation, the country's leading brewer and soft drinks producer, has announced its intention to invest US$150mn to dramatically increase its production capacity by 2014. Counting on the brewing giant SABMiller (36%) and UK-based Old Mutual (28%) as its main shareholders, Delta has a market share in excess of 90% and 85% in beer and soft drinks according to Zimbabwe-based newspaper The Herald. Based on the popularity of beer in particular, the brewer's established brand equity and our

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