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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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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