Financials & Economy
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Spar Group registers single digit growth in revenue supported by home market
SOUTH AFRICA – Spar Group, South African retailer with operations abroad, has reported 5.2% rise in turnover to R67.6 billion (US$4.4 billion), supported by strong…
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Delta Corporation reports 58% growth in full year revenue driven by volume growth in most segments
ZIMBABWE – Delta Corporation, Zimbabwe’s largest beverage company, has reported a 58% growth in revenue in inflation adjusted terms for the year ended March 31,…
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Oceana Group moves to stabilize operations, optimistic about prospects after difficult half year
SOUTH AFRICA – Africa’s largest fishing company, Oceana Group, has appointed Neville Brink, who has served as interim CEO since February this year, as its…
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Zimbabwe’s African Distillers Limited reports rise in sales volume triggered by surge in wine demand
ZIMBABWE – African Distillers Limited (Afdis), manufacture, distributor and marketer of branded wines, ciders and spirits in Zimbabwe, has reported 81% jump in revenue to…
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Lion Brewery posts 17 % rise in revenue in 2022 despite tough economic conditions
SIR-LANKA – Lion Brewery (Ceylon) PLC, a Sri-Lankan-based multinational brewery has announced a growth of 17% in the 2022 full year amid the toughest macroeconomic…