Hostile operating environment undermines Sechaba profitability

KBL MD Johan de Kok
KBL MD Johan de Kok

Sechaba Brewery Holdings Limited says the hostile operating environment occasioned by the ever-rising alcohol levy and traditional beer regulations continue to impact on the brewer’s profitability.

Announcing the 2015 full-year results on Friday, Kgalagadi Breweries Limited (KBL) Managing Director, Johan De Kok said for the first time the alcohol levy is now higher than the official excise cost as it stood at P183.3 million as at December 2014.

De Kok also indicated that another increase in the levy is anticipated during the current financial year and that consultation and engagement with government is on-going.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

Have a Story? Send Us a tip
arrow up