Sechaba exults sales growth but glum about future

source: Mmegi
Staff Writer

Brewing giant, Sechaba Brewery Holdings has posted a positive set of interim results for the period ended 30 September 2008, something that will be hard to repeat due to an anticipated slump in sales resulting from the 30-percent alcohol levy.

The results were on the back of good performance by its associate companies, Kgalagadi Breweries Limited (KBL) and Botswana Breweries Limited (BBL).

KBL delivered a year-on-year growth of 13.8 percent in attributable profit. This was driven by good performance in volumes in which clear beer sales went up by 17.0 percent while carbonated soft drinks (CSD) increased by 11.4 percent.

BBL posted an attributable profit growth of 21.2 percent in which traditional beer sales were up 15.5percent while Mageu recorded a growth of 13.8 percent.

But the recently implemented 30-percent levy on alcohol is expected to dampen volume [continue reading]

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