Alcohol industry continues efforts to reach pre-Covid highs: spirit producer

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The alcohol industry in South Africa remains as competitive and dynamic as ever as the list of beverage options available to consumers continues to grow, the country’s largest independent spirits group Edward Snell & Co said this week.

Despite security improvements to the business, Edward Snell experienced an escalation in armed robbery attempts on its transporting trucks.

A report by Euromonitor International, commissioned in 2021 by the South African Liquor Brandowners Association, Beer Association of South Africa and Vinpro, found that the illicit market in South Africa grew by 10% in volume terms from 2017 to 2020. The total share of illicit alcohol in 2020 was estimated to be worth R20.5bn and comprised 22% of total alcohol volumes.

“They force us to reflect on how the flouting of compliance regulations and laws can have calamitous effects and how all stakeholders in our sector must collectively commit to operating ethically and in good faith,” Campbell said. “Since 2019, gin has steadily entrenched itself among the most popular spirit categories, breaking the grip spirits like vodka and brandy had long held.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alcohol industry continues efforts to reach pre-Covid highs: spirit producerThe alcohol industry in South Africa remains as competitive and dynamic as ever as the list of beverage options available to consumers continues to grow, the country’s largest independent spirits group Edward Snell & Co said this week.
Source: TimesLIVE - 🏆 28. / 59 Read more »