Coca Cola’s volumes soar despite sugar tax

Fizzing up: Coca Cola Beverages Botswana enjoyed a stellar 2021 despite the sugar tax PIC www.foodingngredientsfirst.com
Fizzing up: Coca Cola Beverages Botswana enjoyed a stellar 2021 despite the sugar tax PIC www.foodingngredientsfirst.com

The country’s largest soft drinks producer, Coca Cola Beverages Botswana (CCBB), saw its net sales revenue jump nearly 23% last year, compared to 2020, despite the imposition of the sugar tax introduced on sweetened beverages.

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.

Editor's Comment
A woman’s right to choose: Or is it?

Here in Botswana, we have many single-parent households, mostly female-led, so what does that suggest? That some fathers choose to ditch the responsibility of caring for their children and leave them to the ones who carry them during pregnancy to do the heavy lifting.Of course, in other dynamics, there are instances where the father wants to keep the baby and the would-be mother does not want to, hence the saying ‘whose body is it anyway’.In...

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