DELTA Corporation (Delta) says together with its associate Schweppes Zimbabwe, they paid a total of US$20,7 million in sugar tax for the financial year ended March 31, 2025, severely impacting profit margins.The US$0,001 per gramme sugar tax, which came into effect last year, has become a significant cost burden on local beverages makers who continue…
Delta, Schweppes pay US$21 million in sugar tax…as additional group tax liabilities loom
“The sector is losing volume to cheaper imports and the emerging offerings with unregulated artificial sweeteners, driven in part by constrained operating conditions that limit local producers’ ability to compete on price,”