DELTA Corporation (Delta) is considering upward price adjustments for its sparkling beverages in an effort to preserve waning margins caused by a special surcharge on sugar and increased value added tax (VAT). This comes as fiscal authorities introduced a US$0,001 per gram sugar tax for beverage makers at the beginning of 2024, which was followed…
Delta hints at price hikes
DELTA Corporation’s non-alcoholic beverages business supported over 27 000 jobs in the country, contributing US$473 million in economic activity across the local value chain, the company’s chief executive Matlhogonolo Valela has said.