When 45 alumni of Tsinghua University, the alma mater of China’s last two leaders, stopped for lunch at La Motte vineyard in South Africa two years ago, they ordered 1.5 million rand ($141,000) of wine to take away.

 

Africa’s biggest brewer SABMiller is ratcheting up production of more affordable beers in the continent using sorghum and cassava in place of more expensive barley to drive growth in what is already the group’s fastest growing region.

 

South African drinks maker Distell Group suffered slack demand in the January-March quarter,

 

JOHANNESBURG (Reuters) – South African wine and spirits maker Distell Group posted a 2 percent decline in first-half profit, as consumers battling job losses and high levels of debt rein in on spending.

 
 
Website
af.reuters.com
Advetory
Social Connections