Business
Varun to introduce new beverage lines next year – NewsDay
Varun Beverages Zimbabwe said it would continue to adopt the policy of low price, low company margins and its market position of best-in-class products at most affordable prices.
Varun Beverages Zimbabwe (Private) Limited is in discussions to introduce new world-class beverage lines early next year as it seeks to scale up production and regional exports, NewsDay Business has learnt.
Varun Beverages Zimbabwe is a subsidiary of the Indian-based Varun Beverages Limited, which manufactures, bottles and distributes beverages. The holding company is the second largest bottling company of the American multinational food, snack and beverage firm, PepsiCo.
In a statement yesterday, VBZPL said since coming onto the market in 2018 it now had solid production, distribution, innovation and marketing capabilities due to its access to the global operation.
“Varun Beverages Zimbabwe believes that the best quality products, which are sold internationally, should be priced low for the consumers of Zimbabwe, to give them value for money. Varun Beverages, with its reasonable price has the love and support of the people of Zimbabwe and today we have massive production capacity,” it said.
“The plant was inaugurated by His Excellency, the President of the Republic of Zimbabwe Emmerson Dambudzo Mnangagwa in 2018 under the vision of His Excellency that Zimbabwe is open for investment.”
The company said the plant started with one production line and today has nine production lines and it is planning to invest further in early 2024.
“Senior leadership is in discussion to put up more production lines to introduce world-class fruity juices, dairy blend juices, sports drinks and additional high speed carbonated drink lines in early 2024, to support the growing demand of people of Zimbabwe and unlock export opportunities to a few neighbouring countries,” it said.
Varun Beverages Zimbabwe revealed that it has begun testing the new products to assess consumer tastes and preferences, by importing the products before it makes the massive investment in a state-of-the-art plant.
These products will be produced using the latest world-class technology and expertise.
“DAIMA Fruit Juice is made available in a 500ml pack at the prevailing prices on the market in spite of the high cost of imports. The plan is to drop the prices to less than half once they launch the local production facility. Shakerz is another 500ml product introduced to meet the milkshake needs of the Zimbabwean consumer on a test-market basis,” the company said.
“There are a few more milk drinks and flavoured milk that will be introduced on a test-market basis, within the next few months, prior to the launch of Varun Beverages plant in Zimbabwe, to ensure the consumers of Zimbabwe get what they expect from the international quality options that Varun Beverages can offer this summer.”
Varun Beverages Zimbabwe said it would continue to adopt the policy of low price, low company margins and its market position of best-in-class products at most affordable prices.
“Varun Beverages will continue to challenge the pricing to extend the benefits to the wonderful consumers of Zimbabwe by ensuring the cost leadership using scale of operation in Zimbabwe and globally and innovation to pass the value to the consumers of Zimbabwe,” it added.
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Business
Indian Billionaire Harpal Randhawa, 22-Year-Old Son Killed In Zimbabwe Plane Crash – NDTV
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The incident occurred when their private plane crashed near a diamond mine
Indian billionaire and mining tycoon Harpal Randhawa and his 22-year-old son Amer were among six people who died in a plane crash in Zimbabwe on September 29, as per a PTI report. The tragic incident occurred when their private plane crashed near a diamond mine in southwestern Zimbabwe after experiencing a technical fault
Notably, Harpal Randhawa is the owner of RioZim, a diversified mining company producing gold and coal as well as refining nickel and copper. Mr Randhawa also founded the $4-billion private equity business GEM Holdings.
The mining tycoon and his son were traveling in a Cessna 206 aircraft, privately owned by RioZim. They were en route from Harare to the Murowa diamond mine when the accident happened. The single-engined aircraft crashed near the Murowa Diamonds mine, which is partly owned by RioZim. All passengers and crew onboard died in the accident.
Filmmaker Hopewell Chinono, a friend of Mr Randhawa, condoled his death on X and wrote, ”I am deeply saddened with the passing of Harpal Randhawa, the owner of Rio Zim who died in a plane crash in Zvishavane. 5 other people including his son who was also a pilot, but a passenger on this flight also died in the crash.”
Here’s the tweet:
I am deeply saddened with the passing of Harpal Randhawa, the owner of Rio Zim who died today in a plane crash in Zvishavane.
5 other people including his son who was also a pilot, but a passenger on this flight also died in the crash.
I first met Harpal in 2017 through a… pic.twitter.com/A0AGOaR3sw
— Hopewell Chin’ono (@daddyhope) September 29, 2023
”He was very generous with life advice, and very humble for the wealthy man that he was. Through him, I met many people in the business, diplomatic, and political worlds. My thoughts are with his wife, family, friends, and the Rio Zim community. Rest in Peace, your works and love for Zimbabwe will be your lasting legacy,” he added.
Mr Chinono also put up a tweet informing of the memorial service for the father-son duo.
The family of Harpal Randhawa who died with his son Amer on Friday in a plane crash, respectfully invite all his friends and associates to celebrate his life and that of his son Amer at a memorial service at Raintree on Wednesday the 4th of October, 2023.
Arrival time is 3PM.… pic.twitter.com/cWF0kPhe7G
— Hopewell Chin’ono (@daddyhope) October 1, 2023
Meanwhile, the local community and law enforcement agencies are working together to manage the aftermath of the plane crash.
Business
Indian Billionaire Harpal Randhawa, 22-Year-Old Son Killed In Zimbabwe Plane Crash – NDTV
<!–
The incident occurred when their private plane crashed near a diamond mine
Indian billionaire and mining tycoon Harpal Randhawa and his 22-year-old son Amer were among six people who died in a plane crash in Zimbabwe on September 29, as per a PTI report. The tragic incident occurred when their private plane crashed near a diamond mine in southwestern Zimbabwe after experiencing a technical fault
Notably, Harpal Randhawa is the owner of RioZim, a diversified mining company producing gold and coal as well as refining nickel and copper. Mr Randhawa also founded the $4-billion private equity business GEM Holdings.
The mining tycoon and his son were traveling in a Cessna 206 aircraft, privately owned by RioZim. They were en route from Harare to the Murowa diamond mine when the accident happened. The single-engined aircraft crashed near the Murowa Diamonds mine, which is partly owned by RioZim. All passengers and crew onboard died in the accident.
Filmmaker Hopewell Chinono, a friend of Mr Randhawa, condoled his death on X and wrote, ”I am deeply saddened with the passing of Harpal Randhawa, the owner of Rio Zim who died in a plane crash in Zvishavane. 5 other people including his son who was also a pilot, but a passenger on this flight also died in the crash.”
Here’s the tweet:
I am deeply saddened with the passing of Harpal Randhawa, the owner of Rio Zim who died today in a plane crash in Zvishavane.
5 other people including his son who was also a pilot, but a passenger on this flight also died in the crash.
I first met Harpal in 2017 through a… pic.twitter.com/A0AGOaR3sw
— Hopewell Chin’ono (@daddyhope) September 29, 2023
”He was very generous with life advice, and very humble for the wealthy man that he was. Through him, I met many people in the business, diplomatic, and political worlds. My thoughts are with his wife, family, friends, and the Rio Zim community. Rest in Peace, your works and love for Zimbabwe will be your lasting legacy,” he added.
Mr Chinono also put up a tweet informing of the memorial service for the father-son duo.
The family of Harpal Randhawa who died with his son Amer on Friday in a plane crash, respectfully invite all his friends and associates to celebrate his life and that of his son Amer at a memorial service at Raintree on Wednesday the 4th of October, 2023.
Arrival time is 3PM.… pic.twitter.com/cWF0kPhe7G
— Hopewell Chin’ono (@daddyhope) October 1, 2023
Meanwhile, the local community and law enforcement agencies are working together to manage the aftermath of the plane crash.
Business
Harpal Randhawa, Indian mining mogul, and his son die in Zimbabwe plane crash – Business Today
Six people, including two Indian nationals, were killed in a plane crash in Zimbabwe on September 30. The plane, a Cessna 206, which was en route from Harare to the Murowa diamond mine crashed shortly after taking off from Charles Prince Airport in Harare. The cause of the crash is still under investigation.
Harpal Randhawa, the owner of RioZim, a diversified mining firm producing gold and coal as well as refining nickel and copper, was killed, along with his son and four others, when the plane crashed in Mashava’s Zvamahande district, according to iHarare, a Zimbabwean news and media website.
The Cessna 206 aircraft, owned by RioZim, was en route from Harare to the Murowa diamond mine when the tragic incident occurred on Friday.
The single-engined aircraft crashed near the Murowa Diamonds mine, which is partly owned by RioZim.
The plane encountered a technical malfunction, which may have resulted in a mid-air explosion, before crashing into Peter Farm in the Zvamahande region.
According to the investigation, all passengers and staff onboard died in the disaster.
According to the Herald, a state-owned daily newspaper, four of the victims were foreigners and the other two Zimbabweans.
“The Zimbabwe Republic Police reported a plane crash which occurred on September 29 between 7.30 am and 8 am, where six people are confirmed dead,” police said.
“The Murowa Diamond Company (RioZim)-owned white and red Zcam aircraft had left Harare for the mine at 6 am and crashed about 6km from Mashava.”
RioZim acknowledged the crash and stated that it was working with the appropriate authorities to acquire additional information.
Police have not disclosed the names of the deceased, however writer and filmmaker Hopewell Chinono, a friend of Randhawa, confirmed his death.
“I am deeply saddened by the passing of Harpal Randhawa, the owner of RioZim who died today in a plane crash in Zvishavane. Five other people including his son, who was also a pilot but a passenger on this flight, also died in the crash,” wrote Chinono on X.
“My thoughts are with his wife, family, friends and the RioZim community.”
According to the RioZim company secretary, a detailed statement will be released.
“I am unable to address the media at this time.” “We will, however, issue a statement as soon as possible,” he said.
Randhawa founded the $4-billion private equity business GEM Holdings.
Meanwhile, the local community and law police are collaborating to deal with the aftermath of the jet accident.
With inputs from PTI
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