• BOBA Drugs and Substance Abuse Awareness tournament in JwanengAugust 30, 2025
    RelatedPosts BOBA Drugs and Substance Abuse Awareness tournament in Jwaneng Bold pitch for BETP 346 perish in road mishaps 
  • Statistics Botswana flat brokeAugust 29, 2025
    Statistics Botswana flat broke   RelatedPosts Statistics Botswana flat broke Botswana\’s Top 100 CEOs unveiled Betway fixingwithdrawal glitches Suspend 2025 Agric census due to budget constraints Struggles to pay staff salaries, suppliers, etc Management reported to minister, misappropriationalleged  … Read more: Statistics Botswana flat broke
  • Botswana\’s Top 100 CEOs unveiledAugust 29, 2025
    Botswana's Top 100 CEOs unveiled Progressive Institute to hostTop CEO Conference&Awards Geared towards honouring and cementing resolute leadership GORATAONE KGOSIMORE RelatedPosts Statistics Botswana flat broke Botswana\’s Top 100 CEOs unveiled Betway fixingwithdrawal glitches editors@thepatriot.co.bw   The Progressive Institute has… Read more: Botswana\’s Top 100 CEOs unveiled
  • DIALOGUE VACANCYAugust 28, 2025
      WE ARE HIRING FOR WHAT’S NEXT RelatedPosts DIALOGUE VACANCY TENDER NOTICE CHOPPIES VACANCY – ASIAN CHEF Botswana’s leading agency is looking for the best talent. At The Dialogue Group (TDG), bold thinking meets precision delivery and work that… Read more: DIALOGUE VACANCY
  • Betway fixingwithdrawal glitchesAugust 27, 2025
    Betway fixingwithdrawal glitches Partners with banks for seamless transactions Punters decry limited withdrawals, inconveniences Mabiletsa appreciates strong relationship with VIP clients KITSO RAMONO RelatedPosts Statistics Botswana flat broke Botswana\’s Top 100 CEOs unveiled Betway fixingwithdrawal glitches editors@thepatriot.co.bw   Betway… Read more: Betway fixingwithdrawal glitches
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Sunday, August 31, 2025
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home Business

KBL upbeat about future

patriot by patriot
January 17, 2021
in Business
242
0
491
SHARES
1.4k
VIEWS
ShareShareShare

Kgalagadi Breweries Limited (KBL) Managing Director Renaud Beauchamp says the company will use P60 million for expansion, capacity building and Corporate Social Investment (CSR) projects in the year 2019.

He revealed the prospects on Monday during a media briefing and tour of KBL plants. He said the company will invest P25.5 million in Chibuku powder production plant while P8 million will be used to boost alcohol production volume rate, with new extra machinery purchased.

RelatedPosts

Botswana\’s Top 100 CEOs unveiled

Betway fixingwithdrawal glitches

Bold pitch for BETP

“We aim to make more important investments in the business in the coming year and this will go a long way in making the business to achieve and contribute to the socio-economic development initiatives and growth of this Botswana business, thus bringing true sustainable development difference to fellow Batswana,” he charged.

He said the company will also invest in the Corporate Social Investments (CSI) initiatives such as the Kick Start programme which aims to develop, support and equip local SMEs with entrepreneurial skills. Some P1.5 million will be channeled into the initiative whereby 15 new businesses will be funded at grant of P200, 000. Internally they are optimising and stabilising across the business as well as looking at various expansion opportunities.

“As a proudly Botswana business, KBL is committed to improving the lives in the communities we are part of and playing a positive role within them as well as enrich our country’s national economy,” he said.

Beauchamp emphasized that the reduced Alcohol Levy enables KBL to redirect financial resources to drive a number of more expansion and growth work streams.  

20% alcohol levy reduction

KBL has moved on to implement the 20% reduced Alcohol Levy which has cut prices of alcohol brands such as St Louis Export, St Louis, Castle Lager, Castle Lite and Black Label. He said the price reduction is by virtue of Government’s reduction of National Alcohol Levy from 55% to 35%. KBL’s price reduction came into effect on December 17.

“We have listened to our valued customers, and we act in their best interests, passing this benefit to them as we discount prices beginning with the festive season. This is by the virtue of Government’s reduction in the Alcohol Levy,” he said.

He commended the government for its commitment towards making the regulatory environment more conducive to doing business in the country.

When quizzed on the possible impact that the development will mean to KBL business, he said it affords KBL more opportunity to reinvest back to communities.

He said although the levy hit hard on KBL when it was imposed back in 2008 rising to 55% this however did not affect the alcohol consumption as the Per Capita Consumption (PCC) stood at 36 litres,  then  declined to 24 and currently stands at 37 litres as of 2016.

He said  the reduction in price will be subject to review should there be any new tax introductions or increases in the future that stand to impact pricing.

Related

Tags: kblliquor

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Financial Market Index Report: A critical tool in the development of African markets

Next Post

Govt neglects the disabled -UN Specialist

Related Posts

Botswana\’s Top 100 CEOs unveiled
Business

Botswana\’s Top 100 CEOs unveiled

August 29, 2025
Betway fixingwithdrawal glitches
Business

Betway fixingwithdrawal glitches

August 29, 2025
Bold pitch for BETP
Business

Bold pitch for BETP

August 27, 2025
Botswana Mining Show coming 
Business

Botswana Mining Show coming 

August 20, 2025
StanChart upbeat on CIB transition
Business

StanChart upbeat on CIB transition

August 19, 2025
BOSETU disburses P2 million bursaries
Business

BOSETU disburses P2 million bursaries

August 15, 2025
Next Post
Govt neglects the disabled -UN Specialist

Govt neglects the disabled -UN Specialist

Please login to join discussion
  • BOBA Drugs and Substance Abuse Awareness tournament in JwanengAugust 30, 2025
    RelatedPosts BOBA Drugs and Substance Abuse Awareness tournament in Jwaneng Bold pitch for BETP 346 perish in road mishaps 
  • Statistics Botswana flat brokeAugust 29, 2025
    Statistics Botswana flat broke   RelatedPosts Statistics Botswana flat broke Botswana\’s Top 100 CEOs unveiled Betway fixingwithdrawal glitches Suspend 2025 Agric census due to budget constraints Struggles to pay staff salaries, suppliers, etc Management reported to minister, misappropriationalleged  … Read more: Statistics Botswana flat broke
  • Botswana\’s Top 100 CEOs unveiledAugust 29, 2025
    Botswana's Top 100 CEOs unveiled Progressive Institute to hostTop CEO Conference&Awards Geared towards honouring and cementing resolute leadership GORATAONE KGOSIMORE RelatedPosts Statistics Botswana flat broke Botswana\’s Top 100 CEOs unveiled Betway fixingwithdrawal glitches editors@thepatriot.co.bw   The Progressive Institute has… Read more: Botswana\’s Top 100 CEOs unveiled
  • DIALOGUE VACANCYAugust 28, 2025
      WE ARE HIRING FOR WHAT’S NEXT RelatedPosts DIALOGUE VACANCY TENDER NOTICE CHOPPIES VACANCY – ASIAN CHEF Botswana’s leading agency is looking for the best talent. At The Dialogue Group (TDG), bold thinking meets precision delivery and work that… Read more: DIALOGUE VACANCY
  • Betway fixingwithdrawal glitchesAugust 27, 2025
    Betway fixingwithdrawal glitches Partners with banks for seamless transactions Punters decry limited withdrawals, inconveniences Mabiletsa appreciates strong relationship with VIP clients KITSO RAMONO RelatedPosts Statistics Botswana flat broke Botswana\’s Top 100 CEOs unveiled Betway fixingwithdrawal glitches editors@thepatriot.co.bw   Betway… Read more: Betway fixingwithdrawal glitches
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?