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
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

Have a Story? Send Us a tip
arrow up