But "rampant” demand for Savanna and its core spirits brands has worsened glass shortages in South Africa, Distell added. Across the group, Distell’s revenue increased by around 15%, with sales in the rest of Africa seeing mid-single-digit revenue growth despite lockdowns and sales restrictions. Botswana lost almost a third of its trading period due to these restrictions, and Distell was also hit by stock supply issues in Namibia. Its international business recorded a single-digit revenue decline as lockdown-related restrictions hit sales in Taiwan, one of its largest revenue earners. Heineken has made a €2.2 billion (R38.5 billion) offer for Distell.

Source: News 24 January 20, 2022 15:01 UTC