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Castel MW Donates Towards Covid-19 Fight
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February 26, 2021 Jeromy Kadewere – Nyasa Times 15 Comments
Castel Malawi Limited, manufacturers of alcoholic and non-alcoholic beverages, has warned that the external threats in the current operating environment pose a risk to the company’s future development sustainability.
Castel Malawi statement
According to a 2020 Castel Malawi Limited financial Statement, the burden of the taxes remains critical and hardly sustainable.
“Despite Cost savings, retreachment plan, Castel Malawi remains in heavy financial losses comparing the previous years due to internal and external factors and threats affecting the business,” reads the statement.
It also states that, as a Malawian producer, Castel Malawi suffers from a high and uncompetitive tax regime while neighbouring countries like Tanzania and Mozambique incentivise their industries remain competitive and attracts local investment.
January 3, 2021 Watipaso Mzungu – Nyasa Times 1 Comment
Recently retrenched employees of Castel Malawi Limited (CML) have dragged the brewer to the Industrial Relations Court (IRC) over what they have described as misrepresentation and unfair dismissal.
Castel Malawi Limited has been retrenching staff
The disgruntled former employees are being led by Purity Paschal Chitalo.
Through IRC statement of claim dated 4 November 2020, Chitalo and 28 others are also accusing their former employer of failing to consult them before effecting a retrenchment.
CML is one of the companies that effected massive retrenchments between 2019 and 2020 due to the volatile economic situations.
In May 2019, Castel Malawi Limited (CML) announced its intention to lay off about 300 workers due to the harsh economic climate compounded by illegal entry of foreign beers into Malawi.
December 23, 2020 Watipaso Mzungu - Nyasa Times 15 Comments
Minister of Industry Roy Kachale has issued a stern warning on smuggling, stressing that the practice is depriving Malawi of the much-needed resources to implement various social and economic development projects.
Minister Kachale admires new products from Castel
Kachale has since issued a stern warning against continued smuggling of products, including beverages into Malawi saying the Tonse administration will not tolerate the malpractice to continue.
The minister issued the warning Friday night in Blantyre when Castel Malawi Limited launched four new products.
The products have already hit the market.
The minister emphasized that smuggling of products into the country does not only have potential of killing local Industries but also poses serious health hazards to the people of Malawi due to consumption of unregulated products.
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