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Distell Group Says Coronation Now Holds 3.99% Of Issued Shares In Co
Distell Says Current Global Supply Chain Challenges Will Continue To Affect Export Markets
Distell Group Says Satisfactory Progress Made On Discussions With Heineken
Distell Group Holdings Ltd, formerly Business Venture Investments No 1997 Ltd, produces spirits, wines, ciders and ready-to-drinks (RTDs). The Company's brands include Amarula, 4th Street, Hunter's Klipdrift, Nederburg, Richelieu, Savanna, Viceroy, and J.C. Le Roux.
Jan Jonathan Durand
Non-Executive Chairman of the Board
Richard M. Rushton
Group Chief Executive Officer, Executive Director
Lucas C. Verwey
Group Chief Financial Officer, Executive Director
Managing Director - Southern Africa
Kate Sarah Rycroft
Managing Director - Venture Business
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(This Nov. 15 story corrects quote in para 4 to "it should not be seen", adding word 'not')
Dutch brewer Heineken sees synergies in production, logistics and procurement from buying South Africa's Distell Group Holdings and Namibia Breweries Ltd but does not see them coming from job losses, its chief executive said on Monday.
* Polish rates more likely to rise than remain flat - cenbank
Drinks maker Distell will conclude talks with Heineken about its takeover offer one way of the other by the end of September, the South African company's Chief Executive Richard Rushton said on Thursday.
South African hospitality, grocery retail and gym stocks sank on Monday alongside the rand currency after the government tightened COVID-19 restrictions to cope with new coronavirus infections.
Heineken NV is in talks with South African drinks maker Distell about a possible acquisition, the two companies said on Tuesday, in what would mark a push into wine and spirits for the world's second-largest brewer.
(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)
South Africa's Distell said on Tuesday that Heineken NV, the world's second-largest brewer, has approached the wine, cider and spirits company regarding the potential acquisition of majority of its business.
South African wine, cider and spirits company Distell will soon be able to offer cannabidiol-infused drinks after taking a 20% stake in cannabis wellness business RETHINK, it said on Wednesday.
South Africa's alcohol industry, reeling under a renewed liquor sales ban since end December, on Tuesday called for a deferment of excise duty to stave off a wave of business closures and job losses.
For shareholders waiting for South African wine and spirits company Distell to deliver higher returns on their investments, 2020 was a year to forget.
* Some shareholders lost patience after years of heavy spending
The rand firmed against the dollar on Thursday as hopes of more economic stimulus in the United States waned, although fresh power cuts in South Africa limited its currency's gains.
At a centuries-old vineyard overlooked by South Africa's Drakenstein mountain, the country's biggest single wine exporter Distell is battling a problem of plenty.
The following company announcements, scheduled economic indicators, debt and currency moves may affect South African markets on Tuesday.
* GROUP'S PROFIT ATTRIBUTABLE TO ORDINARY SHAREHOLDERS FOR 10 MONTHS ENDED APRIL 2020 IS EXPECTED TO BE ABOUT 25% LOWER
South Africa's rand edged up early on Friday after plunging the day before, helped by reviving demand for commodities and investors looking to take profits from a recent dollar rally.
South African drinks maker Distell <DGHJ.J> said on Friday its full-year profits could drop by up to 80% due to the impact of the coronavirus, which has seen alcohol sales banned in its home market since March.
South African drinks maker Distell said on Friday its full-year profits could drop by up to 80% due to the impact of the coronavirus, which has seen alcohol sales banned in its home market since March.
South Africa's Distell will consider during the next 12 months a possible expansion into Mozambique, Chief Executive Richard Rushton said on Thursday, as the drinks maker reported a 5% fall in six-month profits on slower sales in its home market.
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