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June 14, 2010
Food, beverages story continues
Food and beverages is a conveniently constructed hybrid sector that doesn't exist on the JSE. But the dynamics that influence the two sectors that it comprises are similar. Consumer spending is the common thread, though it is discretionary consumer spending when it comes to beverages and nondiscretionary regarding food.
The sector is dominated by brewing giant SABMiller, whose net profit is almost 10 times that of its nearest rival in the sector, Tiger Brands.
Posted by StaffWriter at June 14, 2010 11:29 AM