Tag Archives: South Africa

Coke Employees in South Africa go on Strike

Employees of the South African unit of Coca-Cola Beverages Africa (CCBA) have gone on a protected strike for the past two weeks as they press home their unconditional demands for a 7% pay increase and better working conditions.

The industrial action which began on 12 October affects the company’s operations in the Eastern Cape, Free State, Northern Cape, Limpopo and Mpumalanga provinces.

The workers on strike are former employees of Coca Cola Fortune, which together with other entities, merged to form Coca Cola Beverages South Africa in May 2016.

Distell’s full-year revenue grows 3.7% despite challenges

Distell Group, the South African wines, spirits and cider producer on Monday reported a 3.7% revenue growth for the full-year ended 30th June 2017. Revenue rose to R22.3bn ($1.72bn).

The company noted that its South African market which contributed 74% of group sales grew 7.8%, while volumes rose by 1.5%. The second-half of the year saw a marked improvement, with total volumes rising 5.4%.

Anheuser-Busch pledges to create 10,000 jobs in South Africa by 2021

South African Breweries (SAB), a subsidiary of Anheuser-Busch InBev in South Africa, on Monday unveiled an ambitious programme to create 10,000 jobs in South Africa by 2021.

AB InBev which last year acquired SABMiller, a brewer with deep roots in South Africa said the jobs to be created would come from the company’s various entrepreneurship schemes such as SAB Kickstart, SAB Foundation, SAB Thrive and SAB Accelerator, as well as its agriculture programmes to grow emerging farmers.

AB InBev to spend $206.7m in South African subsidiary

Beer giant Anheuser-Busch InBev (AB InBev) announced on Tuesday an ambitious investment of R2.8bn rand ($206.7m) in expansion at its South African subsidiary, South African Breweries Limited (SAB).

The upgrade which would take place at two of its breweries in Alrode and Rossylyn, will add new packaging lines for returnable glass bottles at both breweries and a brewhouse at the Rossyln plant. Each packaging line will handle 45,000 bottles per hour, adding a total of four million hectolitres of capacity per year. The endeavour will create up to 70 additional full-time jobs, the company said.

Coca-Cola reaches agreement with South Africa over CCBA

Coca-Cola said on Thursday that it had reached an agreement with the South African government on a package of conditions addressing public interest considerations in connection with the proposed acquisition of AB InBev’s 54.5% stake in Coca-Cola Beverages Africa (CCBA).

The soft drinks giant reaffirmed its commitment to honour all merger conditions agreed with South African regulators when CCBA opened for business in 2016. Coke also agreed to ensure that the majority shareholder of CCBA will honour all merger conditions agreed at the creation of the company.

Nampak’s profit surge 41% in half-year despite flat sales

Nampak Limited, the South African beverage can and bottle manufacturer hailed its first-half results which ended on 31 March 2017, as profit surged 41% to R853m (approx. $65m).

“We have delivered improved results, net profit up 41%, despite a tough trading environment,” said Andre de Ruyter, Nampak CEO.

“A major achievement is we were able to improve our operating efficiencies, and managed costs very closely,” he said on Tuesday.

Coca-Cola Beverages South Africa sells stake in Appletiser to black empowerment firms

Coca-Cola Beverages South Africa (CCBSA), the South African unit of the newly formed Coca-Cola Beverages Africa (CCBA) said on Monday it has sold 21.5% of its shareholdings in Appletiser brand to group of investors and employees.

South Africa’s Distell acquires 75% stake in Cruz vodka

South African wine and spirits producer Distell Group announced on Monday it had acquired a 75% stake in Cruz Vodka from Blue Sky Brand Company, a South African family owned firm with the global rights to distribute the brand.

Distell did not disclose how much it paid for the brand except to say that it is the “fastest growing luxury imported vodka in South Africa”. The firm added that premium-vodka category was one of the fastest growing spirits categories in South Africa and that it was expected to continue growing strongly.

Distell is known for its cider brands, Savanna and Hunter’s Dry as well as Amarula liqueur, among others.

AB InBev completes sale of Distell stake

Anheuser-Busch InBev said on Wednesday that it has completed the sale of its indirect shareholding in South Africa’s Distell Group, the continent’s largest wine and spirits producer to the country’s Public Investment Corporation (PIC), a state owned corporation that manages the government’s Employee Pension Fund.

The financial terms of the deal were not disclosed.

“The sale was required as a condition of the South African Competition Tribunal’s approval on 30 June 2016 of the business combination between AB InBev and SABMiller,” AB InBev said in a statement.

AB InBev to export African beer brands across the globe

Anheuser-Busch InBev said on Wednesday it plans to introduce African beer brands to its markets around the world as it seeks to make the most of its decision to acquire SABMiller.

“There are so many very unique African brands and I think it is time to sell African beers to the greater market,” said Ricardo Tadeu, Head of AB InBev’s African Operations.