SOUTH AFRICA: Volume growth at home for SAB
However, profit growth will be affected by the devaluation of the rand which has fallen by 37% against the dollar over the last year. South Africa accounts for 40% of the group's profits which are denominated in dollars.
To offset its problems in South Africa, SAB has embarked on an ambitious programme of international expansion into markets such as Latin America, Eastern Europe and China.
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Former workers at South African Breweries have slammed the country's Food and Allied Workers Union for agreeing to redundancy package without their approval....
Morgan Stanley has resumed coverage of SABMiller....
The Distell Group has advised its investors on the JSE Securities Exchange that, compared to 2003/4, its earnings per share and headline earnings would increase by between 25% and 35% for the year to ...
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