South Africa: AB InBev sees significant move to more affordable beer brands
Carling Black Label benefited from a shift to more affordable booze brands last year, according to the latest AB InBev results.
The world's largest brewer, Anheuser-Busch InBev, took a big hit in 2020 due to South Africa's various alcohol bans.
While overall booze sales dropped significantly, the brewer says there was a significant move to more affordable beer brands.
As a result, Carling Black Label grew its market share significantly last year, according to Business Insider SA.
Business Insider SA editor Helena Wasserman says price-conscious drinkers took advantage of Black Label's 750ml returnable quart bottles.