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.
SOUTH AFRICA: Volume growth at home for SAB
South African Breweries (SAB) has announced that beer volumes in South Africa are running slightly ahead of last year. SAB, the world's fifth largest brewer, had reported at the half-year stage that it expected volumes to be more or less flat for the full year.