| Wed 3 Dec 2003, 12:25 | | Super Group Limited - Super Group Awarded A Furthe |
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Super Group Limited - Super Group Awarded A Further Five-Year Contract With
South African Breweries Export Trading Division (Sabex)
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
(JSE Share code: SPG)
(ISIN: ZAE000011334)
("Super Group")
SUPER GROUP AWARDED A FURTHER FIVE-YEAR CONTRACT WITH SOUTH AFRICAN BREWERIES
EXPORT TRADING DIVISION (SABEX)
Super Group"s international procurement and logistics business, Sherwood
International, today announced that it has recently concluded a further five-
year contract with SABMiller. In terms of the contract, Sherwood International
will manage the procurement and logistics for SABMiller"s breweries and bottling
operations in Angola, Botswana, Ghana, Lesotho, Malawi, Mozambique, Swaziland,
Tanzania, Uganda, Zambia and Zimbabwe.
SABEX, a division of SABMiller, is responsible for the procurement and logistics
of brewing, packaging, engineering, promotional materials, etc for the 11
African operations. Through its worldwide supplier base, SABEX currently
procures over R450 million annually. In 1999, SABMiller signed a five-year
contract to outsource the management of SABEX to Sherwood International. The
original five-year contract has recently been extended for a further five-year
period.
"In 1999 we recognised that Sherwood possessed the necessary skills to manage
our supply chain in Africa. This recent extension of their contract with us
endorses this decision. We look forward to at least a further five years in
partnership with Sherwood" said Jonathan Kirby, SABMiller, Africa and Asia"s
Financial Director.
Larry Lipschitz, CEO of Super Group, added, "We are delighted to have Sherwood
International, which was recently acquired from DNA Supply Chain Investments
Limited, on board to strengthen our inbound supply chain offering. We believe
that we have significant value to add to their client base. This contract is a
great start and we look forward to unlocking further value within SABMiller"s
supply chain."
3 December 2003
Sandton, South Africa
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
