Sechaba Feels Pinch Of Beer Regulations
Monday, November 23, 2015
In the group’s results for the half-year period ending September 30, 2015, the brewer stated that total volumes for the period ended 0.74 percent below the year before.
Clear beer, alcoholic fruit beverages and sparkling soft drinks showed promising growth, while the ongoing water and power shortages affected the performance of the non-alcoholic beverages category, but more especially the traditional beer category.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...