S AFRICA: SAB seeks talks on competition claims
South African Breweries is seeking a meeting with the country's competition watchdog next month to hold talks on allegations that it has broken competition rules on distribution.
South Africa's Competition Commission is intending to refer a complaint over how SAB was operating its distribution network to the country's Competition Tribunal.
An independent distributor in South Africa issued the complaint to the Commission last year. The distributor's allegations include claims that SAB, which controls at least 96% of South Africa's beer market, has been prescribing prices to distributors and issuing discriminatory discounts to certain retailers.
A spokesman for SAB said the company is seeking talks to get its case heard before the Commission makes a decision on whether to refer the complaint.
"We can't compel the Commission but we want to respond to the concerns and issues that it may have," the SAB spokesman said. "In our view, there is no need to go to the Tribunal. We don't believe we have engaged in any anti-competitive practice."
Heineken NV has appointed of Stefan Orlowski as group commerce director, effective 1 October 1, 2007...
SABMiller has confirmed its interest in potential acquisitions with Colombian spirit companies....
SABMiller has stayed silent over recent press speculation that it may acquire spirits distiller Industria Licorera de Caldas (ILC)....
Heineken-owned beer brand Amstel is to sponsor this year's Big Chill alternative music festival, which will take place from 3 to 5 August in the Malvern Hills, near Ledbury in Herefordshire....
Lehman Brothers has increased its target price on global brewer SABMiller. The investment bank raised the target to 1,500 pence from 1,230....
SABMiller has lined up one of its international premium beer brands for release in the French market....
UBS has increased its 2007 growth estimates for Heineken. However, in a research note the investment bank said it was maintaining its "neutral 1" rating on the Dutch brewer....
Diageo has dismissed, yet again, speculation that it is considering selling its Guinness beer brand....
- Treasury Wine Estates: Here I Go Again On My Own
- No Home Comfort for TWE as Bids Collapse
- Bacardi Seeks Own History at Bombay Sapphire Home
- Will low-alcohol wines wither on the vine?
- Coca-Cola Life US launch fails to ignite
- Diageo's Johnnie Walker hit by Travel Retail slump
- Carlsberg suspends production at Russian brewery
- Anheuser-Busch InBev shuts fourth Russian brewery
- Treasury Wine Estates pulls plug on takeover talks
- Mallya stays chairman at Diageo's United Spirits