SABMiller posts strong Africa growth
IOL Business - Apr 18th, 13:09
London - Global brewer SABMiller said on Thursday it had posted a 7 percent rise in full year organic revenue, boosted by strong demand in Africa and a surprisingly robust performance in Europe.
The London-based company, which owns more than 200 beer brands, said full-year lager volumes had grown by 6 percent in Africa on an organic basis despite tough comparatives, as additional capacity came on stream. The final quarter was up 9 percent.
However, lager volumes in Latin America, its largest market, declined 1 percent in the final quarter, hit by softer economic conditions and a price increase in some markets.
Europe proved to be more resilient than expected, with new “brand and pack innovations” outweighing the tough economic conditions to send lager volumes up 6 percent on an organic basis in the full year, and 3 percent in the final quarter.
Warmer weather in China helped the company to post an improved performance in the fourth quarter after the country's coldest winter in 28 years hit demand in the third quarter.
The group, which operates in over 75 countries with its Pilsner Urquell, Peroni and Grolsch brands, said overall full year lager volumes were up 3 percent in the year and 4 percent in the quarter, with overall financial performance in line with expectations. -Reuters
Local liquor giant, Kasapreko Company, is 6th on Ghana Club 100 list
31/10/2013 - 08:26
Indigenous liquor giant, Kasapreko Company Limited (KCL) placed sixth in the 2013 Ghana Club 100 ranking.
Mr Price shares hit record amid slump
29/10/2013 - 08:28
Mr Price Group Ltd. advanced to a record high after the South African clothing and furniture retailer said earnings climbed 18 to 22 percent even as household budgets tightened.
SA lacks international business brand
28/10/2013 - 09:00
Cape Town – The persistent weakness in the perception of SA in international media coverage is the under-representation of SA’s business sector and the difficulty to identify a business leader or leaders “representative" of the country.
BOS Ice Tea launches in Belgium and Holland
18/10/2013 - 09:07
BOS Ice Tea has recently celebrated its third birthday in South Africa, and has taken the first steps into European markets, launching in Belgium and Holland earlier this month.
Walmart accelerating U.S. small store growth; upping tech investments
17/10/2013 - 11:18
Bentonville, Ark. - Wal-Mart Stores detailed a number of moves, including opening smaller stores in the United States, cutting back on overseas growth and increasing its investments in technology and e-commerce, on the occasion of the company’s 20th annual investor meeting.