Distell, a global business with roots in South Africa has run out of Savanna following a rampant demand of the product.
The company said the “rampant” demand for Savanna and its core spirits brands has worsened glass shortages in South Africa.
South African port disruptions amid the civil unrest in July and a cyber attack on Transnet also had a “material adverse effect” on wine exports.
Distell reports that while the civil unrest in July caused R100 million in damage to one of its distribution centres, insurance claims have covered the losses and operations were “normalised” within six weeks.
Distell added that its overall net debt position is expected to be under R1 billion, aided by strong cash generation and trade receivables collection ahead of expectations during the festive season.
