South African Breweries saw both increased revenue and higher beer volumes in its third quarter, seemingly managing to take market share from Dutch rival Heineken’s local operations in the process.
Its top brand, Carling Black Label or Zamalek, as it is known in SA, led the performance, reporting high-teens volume growth in the three months to end-September, referring to almost 20%. Its global brands, driven by Corona and Stella Artois, grew volumes by just over a third. SAB CEO Richard Rivett-Carnac described the performance as a"strong set of results given the context of the market we are operating in, which remains tough".South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.