Sechaba profits slide again on weaker alcohol sales

In a statement accompanying the unaudited results for the six month period, the company says the aggressive prices cuts by their competitors, who are favoured by the application of the levy, saw beer volumes slide by 6 percent while sorghum beers also weakened by the same margin.

" The operating profit for the period consequently recorded a 6.5 percent decline over prior period and profit attributable to shareholders was down 4 percent," says Sechaba.