Multinational brewing giant Anheuser Busch InBev (AB InBev) has elected Michel Doukeris, president of AB InBev's North America zone, to succeed Carlos Brito as chief executive officer, effective 1 July 2021. Brito will step down after 15 years as CEO and 32 years at the company.
SMMEs are the engines of growth of any economy and have been identified as a key component to advancing inclusive growth and development in South Africa.
According to IndexBox latest report, the production of major types of citrus fruits, except that of lemons and limes, grew in 2020 thanks to good weather conditions in most producing regions. Citrus fruit exports and demand indicated gains in all the categories considered.
The automotive sector, mining and agriculture have taken a huge knock in the past year, but remain South Africa's best chance for a change in fortunes given their track record and faith placed in them by international markets.
Consumer food price inflation accelerated to 5,9% year-on-year in March 2021 from 5,4% year-on-year in the previous month. The product prices underpinning the uptick were mainly bread and cereals; fish; milk, eggs and cheese; and oils and fats.
Wandile Sihlobo 3 May 2021
The global chocolate industry is worth over US$150bn. West Africa supplies 70% of the cocoa beans, but most of the value in a chocolate bar is generated in Europe and North America. West African economies receive less than US$6bn. This is despite a growing demand for consumer chocolate in West Africa, some of which is satisfied through imports.
Sophie Van Huellen 3 May 2021