Sechaba seeks way around tough regulations
Wednesday, November 16, 2016
Group managing director, Johan de Kok noted in the group’s unaudited results for the half-year ended September 30, 2016 that the challenges faced by Kgalagadi Breweries Limited (KBL) as a result of the traditional beer regulations have continued.
“The company continues to find the appropriate routes to market within regulations,” he said. KBL is a subsidiary of Sechaba Brewery Holding and is involved in the manufacturing, importation, distribution, and marketing of a range of clear beers, alcoholic fruit beverages, soft drinks, purified water, opaque beer and other non-alcoholic beverages.
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...