Distell says SA’s ban on liquor sales cost it about R4.3bn in lost revenue
Liquor group Distell says SA’s prohibition on liquor sales cost it an estimated R4.3bn in lost revenue during its year to end-June, when volumes fell more than a fifth. Group profit just more than halved to R394.6m, with Distell saying volumes in SA fell a quarter, with the restrictions on sales having a spillover effect on the rest of the region. The group had managed to fulfil only 54% of […]
