SABMiller has trounced A-B in China
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The SABMiller joint venture will unlock a tremendous amount of value for Molson Coors shareholders
SABMiller is covering itself by warning of tougher times ahead given the extreme volatility in emerging markets ... It is very difficult for the group to give clear guidance. I dont think it is making big rough changes but the negative effect of currency moves in emerging markets as local currencies lose value against the dollar will have a negative impact on the company.
We are not saying we will not see any slowdown but while property, cars and durable goods are feeling the pain we have seen no softening in the beer market
People ask why is beer consumption so low and the answer is price, and price means taxation
I would be surprised and disappointed if consumption would be under 5 litres in 5 to 10 years
extremely volatile and had risen by hundreds of percent, prices were up by only double digits at most
Input costs are affected by the rand exchange rate and even in cases where materials are not directly imported, they are affected by dollar-denominated costs, so rand declines affect these materials eventually.