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This Article is From May 10, 2018

Beer Volumes Show Surge in Zimbabwe Consumer Confidence: Chart

(Bloomberg) -- Zimbabweans have been cheered by the ascension to power of President Emmerson Mnangagwa, a politician known as “The Crocodile.” In November he replaced Robert Mugabe, who saw the economy shrink 50 percent from 2000 until he was ousted. For the first time in at least five years the country's main brewer, AB InBev-affiliated Delta Corp., announced that sales volumes increased with the company having said before that consumption of lager beer is tied to consumer confidence.

To contact the reporter on this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net.

To contact the editors responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net, Rene Vollgraaff, Sheldon Reback

©2018 Bloomberg L.P.

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