San Miguel has set up a new citrus company in South Africa under a shared ownership scheme with its employees, in line with the South African government’s integration and rural development initiatives. A 30% stake in Sundays River Valley-based Thudana Citrus will be owned by the company’s 120 workers. The San Miguel project falls within the framework of the promotion of black economic empowerment law, part of South Africa’s 2030 National Development Plan which seeks to address the inequalities suffered by black South Africans as a result of Apartheid. The company will be overseen by a board of directors made up of representatives of San Miguel, the workers and the investment fund. There are three worker representatives appointed as independent directors who will work with members of the Thudana Citrus Trust on key decisions. Click here to read the full article. – Fruit Net