Botswana: SABMiller’s subsidiary won’t shut down its Botswana operations

Kgalagadi Breweries Limited (KBL), a subsidiary one of the world’s largest brewer SABMiller, says it won’t shut down its Botswana operations, Ventures Africa reported on August 1.

There were high speculations in the southern African nation in past recent months that SABMiller was planning to pull KBL out of Botswana because of huge losses it was making.

“The less money we make, the less money goes to government. Meanwhile, we will stay as long as we can,” KBL Managing Director Johan De Kock said.

“Our expenditures here are proof that we are here to stay. In similar circumstances, any other brewer would not have invested the way we are doing. We believe new technology will result in cost savings,” De Kock added.

01 August, 2014