Harsh environment forces KBL to close Lobatse brewery
Thursday, July 16, 2015
Shutdown: KBL is closing the 36- year old brewery due to lower sales
In a statement released yesterday, KBL said since 2008, the business has faced an ever-increasing levy on alcoholic beverages and a host of regulatory measures.
This included the reduction of alcohol trading hours, the Traditional Beer Regulations and increased licensing restrictions, among others.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...