The 13th annual IAB Bookmark Awards took place today in a prestigious virtual celebration. Hosted by the multi skilled Selae Thobakgake and Merica Monamodi; the most thrilling and innovative digital marketing campaigns of the past year were announced.
Construction on The Capital Mbombela's R205m project, set to be a game-changer on the city's hotel and accommodation industries, is well underway with an anticipated hotel opening set for November 2021.
"The city hasn't seen any significant new additions to its hotel repertoire since development ahead of the 2010 FIFA World Cup projects," says Marc Wachsberger, managing director of The Capital Hotels and Apartments.
"Its status as a leading city in Mpumalanga, at the heart of the province's tourism and agriculture sectors, means that the time is perfect to build an exciting new offering that will be appealing to tourists and corporates alike."
According to a new NielsenIQ report, South Africa's latest liquor ban equated to a loss of R7,6bn during the four weeks it lasted (based on average sales - 13 weeks to end of May 2021 of R1,9bn per week).
ABIDJAN, Côte d'Ivoire - Ivory Coast and Ghana asked cocoa and chocolate companies last week to pay more in premiums to support farmers' wages, the head of Ivory Coast's industry regulator told Reuters on Thursday.
A farmer prepares to collect a cocoa pod at a cocoa farm in Alepe, Ivory Coast December 7, 2020. REUTERS/Luc Gnago/File Photo
However, Yves Kone, the head of Ivory Coast's Coffee and Cocoa Council (CCC), acknowledged that the countries have limited leverage to force the hands of companies suffering from a fall in global demand due to the Covid-19 pandemic.
Ivory Coast and Ghana, which together produce about two-thirds of the world's cocoa, introduced a $400 per tonne premium this season termed the living income differential (LID) to increase wages for farmers, many of whom live in poverty.
But Ivory Coast was forced to repeatedly slash a separate quality premium that exporters pay, known as the country differential, in response to weak sales.
In February, the CCC turned the premium into a more than $350-per-tonne discount, mostly cancelling out the LID. Ghana has also lowered its country differential.
"Because they cannot attack the LID, they prefer to attack the country differential, which amounts to exactly the same thing," Kone said in an interview. "We asked them to stand down."
Kone said he expected talks to resume in the coming weeks, adding that a country differential of around $140 dollars would allow Ivorian authorities to pay farmers a good price during the upcoming 2021/22 season.
Export contracts are currently selling with a discount on the country differential of more than $140.
Alexander Ferguson, a vice president of the World Cocoa Foundation (WCF), an industry body, said companies wanted to ensure that farmers receive more income.
"This is why companies are providing premium payments for certified and/or verified sustainable cocoa, and supporting the living income differential," he told Reuters.
Kone said Ivory Coast was aiming to hold down annual cocoa production to 2 million tonnes by gradually removing cocoa farms from protected forests. The country produced 2.15 million tonnes during the 2019/2020 season.
The CCC also aims to become a direct exporter of beans and semi-finished cocoa products in the next two years in order to reduce the influence of multinational companies in the sector, Kone said.
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