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
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

Have a Story? Send Us a tip
arrow up