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Delta Corporation says it has spent US$70 million on its projects as it seeks to boost capacity to increase production.
Last week, the company commissioned three projects, which include the Southerton Chibuku Super factory, soft drinks PET line and a high-tech lager beer packaging line.
President Emmerson Mnangagwa officially commissioned the three projects.
Speaking at the commissioning ceremony last Thursday, Delta CEO Matlhogonolo Valela said:
<blockquote>
Apart from the three new projects that you [President Emmerson Mnangagwa] are commissioning today, I am pleased to advise that we installed yet another line at our subsidiary, AfDIS bringing the total investment in capital expenditure to US$70 million.
These projects, your Excellency, will all be in full production within four months of each other, a record rapid investment programme never experienced before in our business.
</blockquote>
President Mnangagwa said the investment by Delta shows business has confidence in the economic policies of his government. He said:
<blockquote>
This investment by Delta Corporation, which has been operating in the country for 125 years, demonstrates the confidence of players in the manufacturing industry in the business-friendly policies being ushered by the Second Republic.
</blockquote>
Valela said if consumer spending responds, there is an opportunity for all value chain partners to increase output.
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

Pindula News

Delta Corporation Injects US$70 Million On Projects

The African Financials has said the <a href="https://www.pindula.co.zw/Zimbabwe_Stock_Exchange">Zimbabwe Stock Exchange (ZSE)</a> paced the fastest during the month of December compared to its regional counterparts.
According to the sub-Sahara Africa Top 30 Companies report by African Financials, ZSE saw a 43% increase, followed by Ghana (31%) and Seychelles (18%).
The report says regional stock markets, excluding South Africa, increased on average by 4.5% in US dollar terms in December 2022.
The growth is attributed to strong earnings growth and overvalued stocks, according to <a href="https://www.herald.co.zw/zse-outperforms-regional-bourses/">The Herald</a>. Reads part of the report:
<blockquote>
 The key markets in sub-Saharan Africa that have done well include Nigeria and internationally listed stocks, which make up about 35 percent of the top 30 companies.
Additionally, the telecoms and technology sector has also seen growth with new listings, including companies such as UAC foods in Nigeria, UAC cement in Nigeria, Orange Code d’Ivoire, and African Oil.
However, there are very few companies from South Central Africa, including Zimbabwe, Zambia, Malawi, Botswana, and Namibia, that have reached the critical level of market capitalisation of US$800 million.
</blockquote>
The report notes that while the Zimbabwe dollar-denominated ZSE has faced challenges in 2022, listed companies reported positive earnings performances for the year driven by firm demand.
Companies like <a href="https://www.pindula.co.zw/Delta_Corporation">Delta</a> reported increased volume performance for the nine months to December 31, 2022. 
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

African Financials Say ZSE Outperformed Regional Counterparts In 2022

A serial entrant and winner of almost all competitions run by large retail outlets in Zimbabwe, has won a funded holiday trip to the ongoing World Cup 2022 in Qatar.
Clifton Mandla (38) of Mzari suburb in Chinhoyi, will fly out of Zimbabwe Monday.
He, together with Tafadzwa Manyonda of Chitungwiza, won the exclusive all-expenses paid trip to Qatar through a competition run by Cookmore and Raha, a vegetable oil brand manufactured in Harare.
Mandla, who originally hails from Simbe area, Gokwe South under Chief Njelele expressed delight at the once-in-a-lifetime chance to attend the World Cup tournament. Mandla told NewZimbabwe.com Sunday:
<blockquote>
I am so delighted to be flying all the way to Qatar. This will be a memorable trip, which l am unfortunately going on my own. 
</blockquote>
Asked how he has managed the feat of scooping prizes in various competitions, the taxi driver said he was just a lucky man. He said:
<blockquote>
I am just lucky and have become so popular for winning prizes almost every year since 2014. Some people have labelled me ‘juju man’ for having won so many times, actually, l have lost count of what l have won.
</blockquote>
<h2>Previous Prizes:</h2>
In 2014, Mandla won a cellphone worth US$100 from Coca-Cola as well as drinks and grocery hampers.
In 2015, Mandla won US$5 000 cash in a Delta Corporation competition, and also won a two plate full set gas stove through a cigarettes maker, Madison.
In 2015, he won various cash prizes in a Baker’s Inn promotion.
In 2016, he won ZW$5 000 in a competition in which his only son Clinton also won ZW$10 000 courtesy of TM Bargain Bonanza.
In 2017, he won ZW$10 000 in the Choppies Big Birthday Promotion and a fridge in the TM Bargain Bonanza.
In 2018, Mandla won a National Foods cash voucher, and a grand prize of a trip to South Africa but failed to go because he didn’t have a passport then.
In 2018 again, he won ZW$5 000 in the Choppies Big Birthday Bonanza and a television set.
In 2021, he won US$150 cash courtesy of a Mortein promotion and ZW $10 000 in a Jacobs promotion.
In 2022, Mandla won grocery vouchers worth US250 through Delta Corporation’s Castle Lager brand promotion.
Mandla is married to Rumbidzai, and the couple has a son, Clinton.
He is building a house in one of Chinhoyi’s high-density suburbs on a stand bought using proceeds from his many victories in competitions.
Mandla also has a taxi, which was also acquired using money gotten from his numerous lucky adventures.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

Zimbabwean Serial Winner Wins A Funded Holiday Trip To Qatar World Cup

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