2013-02-02 16:11:54 - Fast Market Research recommends "Zimbabwe Food & Drink Report 2013" from Business Monitor International, now available

Zimbabwean economic growth in the first three years following the return of macroeconomic stability that came with dollarisation in 2009 was relatively robust at an estimated 5.8%, 8.1% and 9.3% year-onyear (y-o-y) respectively in 2009, 2010 and 2011. However, the prospects for growth to remain at these levels in 2012 and the years thereafter look somewhat dimmer. While we acknowledge that Zimbabwe, with its abundant natural resources, educated workforce and relatively developed physical infrastructure, possesses considerable potential, it will require the inflow of foreign capital to finance the harnessing of this potential.

Key Industry Trends

Delta Shining Post Dollarisation: Zimbabwe's Delta Corporation, which dominates the Zimbabwean beer and soft drinks landscape, has invested considerable sums in the country (believed to be in

the vicinity of US$200mn) since 2009 with SABMiller, which owns about 36% of its equity, among its main backers. Given its size, its allegiance and how well it has done post 2009, Delta has been able to access credit internationally at affordable rates. Significantly, both beer and soft drinks have been performing very well with both units registering annual volume growth in excess of 20% in the year to March 2012. The company reported a 37.4% rise in net sales to US$479.9mn, with operating profits jumping by 44% to US$98.3mn. In October 2012, Delta Corporation has become the first company in the country to achieve a market capitalisation of US$1bn.


Full Report Details at
- www.fastmr.com/prod/529546_zimbabwe_food_drink_report_2013.aspx


Retail Attracting Interest in Zimbabwe: We estimate formal food retail stores account for about 25% of sales in Zimbabwe. To provide some context, this compares with about 5% in Kenya, which is considered to be among the region's most developed organised retail markets after South Africa, Botswana and Namibia. Mass grocery retailers such as South Africa's Pick n Pay are believed to be keen to increase their exposure to Zimbabwe. Given that Pick n Pay increased its stake in domestic retailer Meikles-owned TM to 49% during 2012, the retailer is now better positioned to expand in the country. In summer 2012 Pick n Pay opened its first store in Harare, Zimbabwe, after acquiring the stake in TM. The outlet includes a supermarket, a liquor store and a clothing store as part of the refurbished Kamfinsa shopping centre, and will devote at least 40% of its floor space to fresh produce and deli goods. Pick n Pay has said that the rebranding exercise of TM stores will take at least three years to complete.

Report Table of Contents:

SWOT Analysis
- Zimbabwe Food Industry SWOT
- Zimbabwe Drink Industry SWOT
- Zimbabwe Mass Grocery Retail Industry SWOT
Business Environment
- BMI's Core Global Industry Views
- Table: Core Views
- Macroeconomic Outlook
- Table: Zimbabwe - Economic Activity
Industry Forecast Scenario
- Consumer Outlook
- Food
- Food Consumption
- Table: Total Food Consumption, 2010-2017
- Drinks
- Alcoholic Drinks
- Beer
- Table: Alcohol
- Soft Drinks
- Mass Grocery Retail
Food
- Key Industry Trends And Developments
- Nestle Commits to Zimbabwe
- Innscor Revenues Up, Looking To Beef Up Regional Presence
- Much Needed Investments In Agriculture
- Nestle Shuts Down Production, But Not For Long
- Making Up For The Lost Decade
- Market Overview
- Agriculture
- Food Production
- Table: Manufacturing Production Index By Sub-Sector, Base Year 1990 = 100
Drink
- Key Industry Trends and Developments
- Delta Shining Light Post Dollarisation
- Schweppes Eyeing IPO, Soft Drinks Looking Good
- Signs of Recovery Starting To Take Hold
- Zimbabwean Beer Is Different
- Soft Drinks Sale Could Also Take Off
- SABMiller's Africa Strategy
- Market Overview
- Alcoholic Drinks
- Soft Drinks
Mass Grocery Retail
- Key Industry Trends and Developments
- Retail Attracting Interest in Zimbabwe
- Consumer Sector On The Mend
- Zimbabwe Retail Different
- High Overheads And Imports
- South African Retailers Continue to Eye The Market
- Market Overview
Competitive Landscape
- Key Players
- Table: Key Players in Zimbabwe's Food & Drink Sector
- Table: Key Players in Zimbabwe's Mass Grocery Retail Industry
Company Monitor
- Food
- Dairibord Zimbabwe Ltd (DZL Holdings)
- Cairns Foods Ltd
- Drink
- Delta Beverages
- Mass Grocery Retail
- Meikles (TM)
- OK Zimbabwe
BMI Food & Drink Methodology
- Food & Drink Business Environment Ratings
- Ratings Methodology
- Ratings System
- Indicators
- Table: Limits Of Potential Returns
- Table: Risks To Realisation Of Potential Returns
- Weighting
- Table: Weighting
- BMI Food & Drink Industry Glossary
- Food & Drink
- Mass Grocery Retail
- BMI Food & Drink Forecasting And Sources
- How We Generate Our Industry Forecasts
- Sources

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