As the alleged wrongdoing at Bishops Diocesan College shows, equating wealth with virtue is a bad idea, writes Helena Wasserman.
High level clouds. Mild.
South African-based global drinks company Distell Group has delivered solid revenue growth in all three its main categories, CEO Richard Rushton told Fin24.
Distell has delivered solid operational results against a backdrop of recessionary pressure on domestic consumers and global competition, says its MD.
Distell ramps up its investment in Africa with the acquisition of a further stake in Kenya’s foremost spirits, wine and ready-to-drink manufacturer and distributor.
Distell's main shareholder Remgro says it will act in the best interests of its own shareholders and the company in response to the enforced sale of SABMiller's stake.
Despite market volatility, Distell has remained committed to its refocused business strategy to accelerate domestic growth and strengthen routes to markets.
JSE-listed wine and spirits producer Distell has paid out in excess of R600m to about 4 000 employees as part of the company’s employee share ownership plan.
JSE: Few listings, several delistings.
During the first three months of its new financial year, Distell has recorded flat group revenue growth.
Distell has entered into a partnership on Cruz Vodka with Blue Sky Brand Company by agreeing to acquire a 75% shareholding in the company.
The board of directors of Distell has announced that David Nurek will retire as independent non-executive director and chair of Distell.
Following an about changes in directors at Distell, the company has had some enquiries from stakeholders as to what brought about the changes.
Distell will acquire 26% of the issued share capital of Kenya's foremost spirits manufacturer for a total of approximately R105m.
Cheers all round for shares to buy and hold.
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