Live Breaking News & Updates on ரிச்சர்ட் ருஷ்டன்|Page 3
Stay updated with breaking news from ரிச்சர்ட் ருஷ்டன். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Distell Group Holdings Ltd. expressed frustration after alcohol drinks makers, smarting from bans that crippled their sales during coronavirus lockdowns, were hit with an 8% increase on excise duties in Wednesday’s budget. The increased levy is likely to boost the market for illicit booze that exploded during South Africa’s lockdowns. While the government contends that the higher taxes are aimed at reducing harmful drinking, “I’m not sure that’s necessarily the case,” Richard Rushton, Distell’s chief executive officer, said in an interview. “These hikes are sadly just going to essentially push an increasing amount of consumption to the gray market.” ....
Distell beats alcohol bans with half-year sales rise thespiritsbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thespiritsbusiness.com Daily Mail and Mail on Sunday newspapers.
I want to hear about beverage industry webinars and relevant offers You are agreeing for just-drinks.com to send you newsletters and/or other information about our products and services that are relevant to you by email. Clicking above tells us that you re OK with both this and with our privacy policy, terms and conditions and cookie policy. You can opt out of individual newsletters or contact methods at any time in the Your Account area. ....
As export sales boost profit, Distell (Savanna, Klippies) eyes Africa expansion 25 February 2021 8:28 PM Share This: Despite the killer liquor bans in SA, Distell posted a double-digit profit for 2nd half of 2020 says Group CEO Richard Rushton. Distell Group says its profit jumped over 14% to R1.44bn in the six months ending 31 December 2020, in the face of the alcohol sales bans during lockdown. The producers of popular local brands like Savanna and Klipdrift say this is thanks to strong sales in the rest of Africa and international markets. Group CEO Richard Rushton breaks it down on The Money Show. This has been a very good performance all-round. despite the lockdowns where we had 22% of our trading days effectively banned. ....