Namibia Brewery said its Windhoek Lager brand has scored from SAB's loss of its Heineken franchise.
The Windhoek and JSE-listed brewer reported its revenue jumped 21percent to N$1,1billion (the Namibian dollar is pegged to the rand) in the year ended in June.
"The positive trend continued throughout the second half and the group's South African volumes ended the year with double digit growth on Windhoek Lager. The strategy of invest to grow in South Africa is now yielding results and the Windhoek brand is growing in both presence and availability in the market," Nambrew's results said.
Nambrew's brands are represented in South Africa by joint venture partner Brandhouse, which has replaced SAB as Amstel's representative by its parent company Heineken.
Just as SAB dominates South Africa's soft-drink market by representing Coca Cola locally, Nambrew dominated Namibia with its Pepsi franchise. But the results said competition here was hotting up.
"The soft drinks business continued to suffer from strong competitive pressure and remains an area of strategic focus," the results said.
Its two main brands in Namibia, Windhoek and Tafel Lager, don't seem to be suffering from competition.
"The Namibian business turned in a strong performance with an impressive growth in beer volumes. The highlight was an exceptional performance for Windhoek Lager in Namibia, which saw the group gain market share in the period," they said.- Staff Reporter