Streaming issues? Report here
money-show-thumbnailjpg money-show-thumbnailjpg
The Money Show with Bruce Whitfield
18:00 - 20:00
volume_up
volume_mute

Up Next: The Aubrey Masango Show
See full line-up
The Money Show with Bruce Whitfield
18:00 - 20:00
Home
arrow_forward
Business

Heineken's KZN expansion on ice, but investment in Sedibeng brewery continues

18 November 2020 8:48 PM
Tags:
Alcohol ban
The Money Show
Heineken
Bruce Whitfield
Beer
Heineken South Africa
Lockdown
COVID-19
Gerrit van Loo
Sedibeng brewery

We made a commitment to the president and we will execute it! Heineken SA's Gerrit van Loo on continued investment in SA.

Heineken remains South Africa's top beer brand according to the Sunday Times Top Brands survey.

Its Sedibeng brewery outside Johannesburg produces local favourites like Amstel, Windhoek and of course Heineken.

The Money Show finds out how the lockdown booze ban affected the Amsterdam-based company's expansion plans in South Africa.

Heineken beer. Image: pixabay.com

Bruce Whitfield interviews Gerrit van Loo, managing director of Heineken South Africa.

There's no question that local investment will continue, he says.

We made that commitment to the president in our statement last year in November and we execute it!

Gerrit van Loo, Managing director - Heineken South Africa

We had to come finally to the situation where all the beers we are selling in South Africa are also produced in South Africa - that makes a lot of sense because of flexibility and because it is cheaper to produce it here.

Gerrit van Loo, Managing director - Heineken South Africa

During the hard lockdown the production and sale of beer was banned - did van Loo ever wonder if it was all worth it?

Heineken is a company that is family-owned and we are over 150 years old. We have survived a period like the Second World War etcetera, so a 16-week lockdown is financially terrible... but fortunately we have a very long-term view.

Gerrit van Loo, Managing director - Heineken South Africa

Indeed the alcohol lockdown was severe but we also have to be cognisant of the fact that it looks relatively under control and we are happy to be able to trade again when we see that places in Europe are going into a second lockdown!

Gerrit van Loo, Managing director - Heineken South Africa

He's hopeful that thanks to responsible drinking and behaviour by South Africans, Heineken will be able to continue trading.

Van Loo says plans to expand into KwaZulu-Natal are "in the cooler" for now.

Listen to the conversation in the audio below:


18 November 2020 8:48 PM
Tags:
Alcohol ban
The Money Show
Heineken
Bruce Whitfield
Beer
Heineken South Africa
Lockdown
COVID-19
Gerrit van Loo
Sedibeng brewery

More from Business

eoh-execpng

It was a massive relief when Zondo Commission approached me - EOH CEO

26 November 2020 6:44 PM

Stephen van Coller's come clean about the dirty dealings at EOH before his tenure. He talks about uncovering the corruption.

Share this:
Read More arrow_forward

banking-clientjpg

Absa, Discovery Bank come out tops for resolving customer complaints

25 November 2020 9:15 PM

The Banking Services Ombud's awards for 2020 went to one of the 'Big Five' and one of the smaller banks, reports Wendy Knowler.

Share this:
Read More arrow_forward

leonistajpg

Local brewer of agave spirits aiming to change SA culture around tequila

25 November 2020 7:56 PM

Leonista's made from agave grown in the Karoo. The spirit you get from it is unique and high energy says founder Sarah Kennan.

Share this:
Read More arrow_forward

coronavirus-disease-pandemic-covid-19-123rf

The cows are coming to save us

25 November 2020 7:15 PM

The headline relates to vaccine origins, this is about how close we are to a Covid-19 vaccine.

Share this:
Read More arrow_forward

147671446-sjpg

October's 3.3% inflation high: Meat prices won't drop in time for festive feasts

25 November 2020 6:58 PM

Those Christmas braais and roasts are going to cost you. Bruce Whitfield interviews agricultural economist Paul Makube (FNB).

Share this:
Read More arrow_forward

vineyard-sunrisejpg

Boosting wine tourism: Netflix film to star Cape Winelands as travel destination

24 November 2020 8:43 PM

Think what a film like A Good Year did for Provence! Writer/director Richard Truter talks about development of Another Tomorrow.

Share this:
Read More arrow_forward

thumbs-down2jpg

Reserve Bank warns of dire consequences for SA if govt goes into debt distress

24 November 2020 7:46 PM

The creditworthiness of banks and insurers will be among the casualties. Bruce Whitfield interviews Kokkie Kooyman (Denker).

Share this:
Read More arrow_forward

uif-logo2jpg

'UIF has significant assets' although Nxesi warns of collapse if Ters extended

24 November 2020 6:52 PM

Ters should be extended further says B4SA's Robert Legh. But the Labour Minister is worried about ordinary UIF beneficiaries.

Share this:
Read More arrow_forward

Nigerian Naira banknote Ugandan shilling bill 123rfbusiness 123rf

Take heart – African financial markets are innovating, the pandemic shows

24 November 2020 11:35 AM

Covid-19 shows how African financial markets have developed since the 2008 Global Financial Crisis, says George Asante (Absa).

Share this:
Read More arrow_forward

break bad habits build good 123rf

20 liberating habits to break your limiting ones, by Pepe Marais

23 November 2020 8:07 PM

The Money Show’s Bruce Whitfield interviews Pepe Marais about his new book, "20 Habits That Break Habits".

Share this:
Read More arrow_forward