Distell's toast to growth in Africa

30 August 2020 - 00:00 By NICK WILSON

JSE-listed liquor group Distell, the world's second-largest cider producer, has aspirations of becoming an “African champion”, saying its business on the rest of the continent has the potential to double in size as a percentage of revenue in the coming years.

Speaking after the release of results for the year ended June, CEO Richard Rushton would not be drawn on time-frames for Distell achieving this goal, saying the main factor in doing so will be how quickly the continent's economies grow in the wake of the Covid-19 pandemic...

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