Drinks company wary of more alcohol bans for South Africa

The Distell Group has published a voluntary performance update for the nine months ended 31 March 2021, detailing how South Africa’s alcohol bans have impacted its operations.

In a shareholder statement, Distell’s management said it elected to issue a performance update to provide provisional guidance to shareholders in light of the unpredictable nature of trading conditions over the past year.

“South Africa, our largest market by revenue, has seen the government imposing restrictions on the trading of alcoholic beverages, reducing the trading period by 132 trading days (36%) in the current period versus four days in the corresponding period (28 – 31 March 2020).

“Other markets in African and international countries, which we operate in and export to, experienced restrictions at different times with the global travel retail (GTR) market closing earlier as a result of travel restrictions, and African markets being effected later as a result of South African export closures and their own lockdown restrictions.”

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