Coca Cola’s volumes soar despite sugar tax

In the Sechaba Brewery Holdings’ annual report released this week, directors said last year began with “record-breaking deliverables” in the first quarter, followed by normalised volumes in the second and third quarter, before a dip in momentum in the last three months of the year. Total volumes for the year were up 17.4% year on year and nearly eight percent above target.

Sechaba, which holds 49.9% equity in CCBB, had previously expressed concerns that the sugar levy introduced in April last year would impact the demand for its product and deflate sales volumes.