Sechaba foresees gloomy future

Friday, November 07, 2014

Without support from government, the trading environment for alcohol related products provides a gloomy outlook for Sechaba Brewery Holdings, which holds 60 percent equity in the Kgalagadi Breweries Limited (KBL).

This week, Sechaba in its 2014 annual report stated that last year the regulatory environment continued to present challenges to the beverages giant.

“The alcohol levy was increased to 50 percent in December 2013, compelling KBL to raise prices of all alcoholic products,” said Johan de Kok, managing director of Sechaba Brewery.

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