Distell Group Holdings Ltd. boosted revenue in South Africa and across the continent as a deal between the country’s biggest wine exporter and Heineken NV continues to go through a regulatory approval process. While Heineken’s offer of about 2.3 billion euros ($2.4 billion) for Distell has got support from local shareholders, the final steps to buy the wine, brandy, liqueur and whisky maker are
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The South African beer industry has a means to show how important it is to the economy after a study revealed the impact of its closure. According to a study commissioned by South African Breweries. the pandemic cost South Africa 30% of its craft beer sector in a move that will take over two years for businesses to recover. Speaking
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The beer market on the continent is so dynamic that this sector attracts the world’s largest brewers. Driven by demographic growth and an increase in the incomes of the urban upper middle classes, the local supply is strengthening through investments in new breweries or the expansion of existing capacities. In 2021, the African continent produced 141 million hectoliters of beer,
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