COMPETITION from SABMiller, which has set up a beer plant at Okahandja, is one of the factors that is likely to affect beer volumes produced by Namibia Breweries Limited in future, IJG Securities said in a post-mortem of the local brewer, released on Friday.
"We currently have a hold recommendation on Namibia Breweries Limited, and looking forward, we remain concerned about the increased competition in the local market to drive margin compression and sales-volume reductions for the business," the firm said.
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