Tuesday, July 12, 2011

Tax evaders knocking out competitors

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By Patrick Kagenda

Mineral water manufacturers who are doing genuine busi¬ness could soon collapse as the exchange rate coupled with unfair competition eats into their profitability. Kirowi Suma the Managing Director at Rwenzori bottling company Ltd the manufacturers of Rwenzori Mineral Water the soft drinks arm of the Nile Breweries of the SABMiller group over the week end told the Razor, “The exchange rate coupled with tax evaders are hurting the mineral water business. We are planning

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