Beermaker South African Breweries (SAB) has announced that its broad-based black economic empowerment (B-BBEE) scheme SAB Zenzele, will be replaced by the new ‘Zenzele Kabili’, once it reaches maturity in May. SAB Zenzele, which was launched in 2010, will have reached a maturation value of R9.7 billion in May, and shareholders who invested R100 at the scheme’s inception, will receive a R77 518 pre-tax pay out when it unwinds next month.
SA Breweries to launch new B-BBEE scheme, opening up opportunity for R5.4bn stake in AB InBev
2021-04-07T16:28:53+01:00April 7th, 2021|