Latest Breaking News On - Richard rushton - Page 7 : vimarsana.com

Distell awash in cash after rest-of-Africa sales lift spirits

BL PREMIUM 28 February 2021 - 05:00 NICK WILSON Distell s strong cash position and low gearing have placed Africa s biggest wine, cider and spirits producer in the enviable position of being able to keep its powder dry for any future investments - and ride out any market volatility. The JSE-listed owner of brands such as Nederburg wines, Savanna cider, Klipdrift brandy and Amarula liqueur said on Thursday that net cash generated from operating activities tripled to R3.3bn in the six months ended December 31, compared with R1.1bn in the same period the previous year. Net debt at the end of the reporting period was R2.7bn, down from R4.7bn in the corresponding period in 2019.

Free stateSouth africaWestern capeFinancial timesSunday timesStephan engelbrechtRichard rushtonPatsy davidFrank fordஇலவசம் நிலைமேற்கு கேப்நிதி முறைஞாயிற்றுக்கிழமை முறைரிச்சர்ட் ருஷ்டன்பட்சி டேவிட்வெளிப்படையான ஃபோர்ட்

Sin Tax Hike in South Africa Will Backfire, Wine Exporter Says

‘Sin Tax’ Hike in South Africa Will Backfire, Wine Exporter Says © Getty Images 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.”

South africaWestern capeSouth africanRichard rushtonDistell group holdings ltdDistell group holdingsSouth africa basedWest africaமேற்கு கேப்ரிச்சர்ட் ருஷ்டன்

Sin Tax Hike in South Africa Will Backfire, Wine

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.”

South africaWestern capeSouth africanRichard rushtonDistell group holdings ltdDistell group holdingsSouth africa basedWest africaமேற்கு கேப்ரிச்சர்ட் ருஷ்டன்

Distell beats alcohol bans with half-year sales rise

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.

South africaSouth africanRichard rushtonSouth africa based distellScottish leaderரிச்சர்ட் ருஷ்டன்ஸ்காட்டிஷ் தலைவர்

Alcohol bans fail to hold back Distell in H1 fiscal-2021 - results data

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.

South africaArgyll and buteUnited kingdomRichard rushtonDistell groupTobermory scotchஆர்கில் மற்றும் ப்யூட்ஒன்றுபட்டது கிஂக்டம்ரிச்சர்ட் ருஷ்டன்டோபர்ம்ரீ ஸ்காட்ச்