London-based brewer SABMiller plans to invest USD 260mn to expand its production capacity in Africa, Business Day reported. The worlds second largest brewer plans to boost the capacity of its plants in Uganda, Ghana, Zambia and Tanzania, and also make some greenfield investments on the continent, aiming to back its strong performance on the African markets. The global brewer saw developing markets like Africa and Latin America showing robust growth, while Europe and the United States lagged behind, as expected. SABMiller's volumes in Africa rose 15% y/y in the six months to September, while its total lager volumes remained at 12.3 million hectolitres and soft drinks volumes fell 3%. |
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 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
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