Increased Competition for Namibia Breweries in South Africa

AB Inbev released their 2Q17 results today, reporting strong profits following the acquisition of rival beer giant SABMiller. Despite poor performance in Brazil and lacklustre results in the US, revenue grew by 5.0% with global volumes up 1.0%. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 11.8% to US$5.35bn… Continue reading