Browse content similar to 22/11/2012. Check below for episodes and series from the same categories and more!
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demand for exports. It has hurt China's overall economic growth | :06:52. | :06:56. | |
which fell to a three-year notes in the July-the September quarter. | :06:56. | :07:02. | |
Chinese at priorities did quite a lot to try and reach -- introduced | :07:02. | :07:12. | |
:07:12. | :07:12. | ||
measures to revive growth. They have also cut interest rates twice | :07:12. | :07:22. | |
since Jane to ease the burning fog -- burden for consumers. Thank you. | :07:22. | :07:26. | |
Millions of people in the fast- growing economies of Africa and | :07:26. | :07:36. | |
:07:36. | :07:39. | ||
South America can afford the price of a pint of beer and nowadays. | :07:39. | :07:46. | |
SABMiller will be releasing their earnings cent. Beer sales are | :07:46. | :07:50. | |
falling in the richest parts of the world. These difficulties will have | :07:50. | :07:57. | |
to be worked out by the company. When people become rich enough to | :07:57. | :08:01. | |
afford luxuries, one of the first things they do is buy beer. In | :08:01. | :08:07. | |
emerging markets like Africa and South America, this is what is | :08:07. | :08:14. | |
happening. SABMiller's strategy has been to focus on these regions as a | :08:14. | :08:21. | |
profit centre of the future. Dinard of beer at the average person | :08:21. | :08:25. | |
drinks here has peaked and 95 Rarely rise beyond this level no | :08:25. | :08:30. | |
matter how rich the country. The litres a year. The average Nigerian | :08:30. | :08:32. | |
average Nigerian company drinks drinks only 11 litres obeah. | :08:32. | :08:35. | |
only 11 litres a year, consumption Consumption could expand almost | :08:35. | :08:38. | |
here can expand tenfold as incomes tenfold as incomes rise. In Brazil, | :08:38. | :08:42. | |
rise. In Brazil the average person drinks 77 litres a year and in | :08:42. | :08:45. | |
the average person just 67 metres through the figure is 41. Here to | :08:45. | :08:50. | |
growth in beer sales could continue for years to come. -- In Peru. | :08:50. | :08:56. | |
S.A.B Miller has tried hard to make itself the chief cellar. They have | :08:56. | :09:02. | |
a very high market share. 98 % market share in Colombia and 90 % | :09:02. | :09:06. | |
market share in Peru. It is well positioned to gain the incremental | :09:06. | :09:12. | |
growth there. Beer sales may be set to soar in sub-Saharan Africa and | :09:12. | :09:16. | |
Latin America they are falling off in more developed economies. S.A.B | :09:16. | :09:22. | |
Miller is worried about sales of Foster's. It for the brewery last | :09:22. | :09:26. | |
year for $10 billion, only to find this year sales of Foster's in | :09:26. | :09:33. | |
Australia have fallen by 8%. Sales of its Polish lagers have also | :09:33. | :09:40. | |
levelled off while the economies of central and eastern Europe run out | :09:40. | :09:45. | |
of steam. Nowadays 70 % of the earnings for SAB Miller are | :09:45. | :09:48. | |
generated in the emerging markets with Latin America accounting for | :09:48. | :09:54. | |
30 % of them. But what is stopping the share price from rising higher | :09:54. | :10:00. | |
is investor worries about how it can deal with stalling sales in | :10:00. | :10:06. |