SABMiller ups financial targets for Africa operations.

By bne IntelliNews March 23, 2011
SABMiller has raised its medium-term financial targets for its operations in Africa. Expectations for revenue per hectolitre growth have increased from a range of 1 to 3%, to a range of 3 to 5%, subject to currency fluctuations, the brewer said in a statement. Previous guidance for flat margins has now been revised to include a 0.8 to 1% increase on average per year over the next 3 to 4 years. Anticipated medium term compound annual volume growth in the high single digits remains unchanged. Over the past three to four years we have invested over USD 1.5bn in capital expenditure, increasing our capacity and market penetration, in addition to taking us into several new markets through acquisitions, said SABMiller's managing director of the group's Africa division. This investment is paying off and we are expecting to further cement our position as the leading brewer on the African continent, the executive noted.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss