Stiff regulations suffocate Sechaba
Beverage big-hitters, Sechaba Brewery Holdings Limited (SBHL) says the industry is seeing a dramatic increase in red tape and regulatory enforcement.
Writing in the group’s 2021 annual report, Managing Director, Mabu Nteta noted there is a steady rise in regulations, with the new rules increasingly complex and costly.
“Moreover, the increased costs of compliance across key and relevant areas of governance such as International Financial Reporting Standards (IFRS) are anticipated,” she said, adding the group work hard to ensure legal and regu...
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