The depreciation of the rand could improve export potential for Distell, David Nurek, chairman said at the first annual general meeting of the merged company in Stellenbosch today. In recent months the rand-pound and rand-dollar exchange rate has seen dramatic movement in favour of the two northern hemisphere currencies. At present the exchange rate is R/£13.46 after peaking last week about R13.80, while the R/$ is currently R9.26.
SOUTH AFRICA: A weaker rand could bolster Distell exports
Get full access to all content, just $1 for 30 days
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 18 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
Olly's offer to you
Risk-free, money-back guarantee
Most Popular
Insights
- Do consumers care about your cocktail competition?
- "Forget what you think you know about retail"
- Why spirits must rethink its future positioning
- How Scotch can build on 2017 growth in the future
- Cannabis creeps towards the mainstream
News
- Global trade war comes to drinks next week
- Suntory ready to raise European Bourbon prices
- Diageo using data-capturing for experiential focus
- Volatility unlikely to derail Diageo in fiscal-19
- Maker's Mark poaches Heaven Hill master distiller
Market research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Generation Z: The Next Wave of Consumers
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends
- Coffee in 2018: The New Era of Coffee Everywhere
Oops! This article is copy protected.
Why can’t I copy the text on this page?
The ability to copy articles is specially reserved for people who are part of a group membership.
How do I become a group member?
To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..
