Michael Jordaan, a 46-year-old venture capitalist and former CEO of South Africa’s First National Bank (FNB), has been appointed chairman of Wines of South Africa (WOSA).

The inaugural AfrAsia Bank Cape Wine Auction 2014 (AfrABCWA), regarded by the organisers as possibly the most extraordinary international wine event ever seen in South Africa, will set a local philanthropic precedent.

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Ben Branson

Ben Branson: Why non-alcoholic pricing is right

The pricing structure of non-alcoholic spirits has a high level of elasticity - there’s already a broad spectrum of price points which consumers are trying to navigate.

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