SAB Zenzele Kabili
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Gugu talks to Richard Rivett-Carnac, Director M&A And Treasury, Sab.
The South African Breweries (SAB) today announced the creation of their new R5.4bn broad-based BEE ownership scheme, SAB Zenzele Kabili. SAB Zenzele Kabili follows the decade-long success of the SAB Zenzele scheme, which will have delivered approximately R14bn in value for its beneficiaries, including SAB Zenzele’s 29,000 retailer shareholders, 13,000 current and former SAB employees and the SAB Foundation when it unwinds in April 2020. This is the largest and most prolific broad-based BEE transaction concluded in the South African FMCG industry. The SAB Zenzele Kabili scheme, which remains subject to shareholder approval, will replace and build on the success of SAB Zenzele with the intention of generating value for existing and new BEE investors.
The South African Breweries (SAB) today announced the creation of their new R5.4bn broad-based BEE ownership scheme, SAB Zenzele Kabili. SAB Zenzele Kabili follows the decade-long success of the SAB Zenzele scheme, which will have delivered approximately R14bn in value for its beneficiaries, including SAB Zenzele’s 29,000 retailer shareholders, 13,000 current and former SAB employees and the SAB Foundation when it unwinds in April 2020. This is the largest and most prolific broad-based BEE transaction concluded in the South African FMCG industry. The SAB Zenzele Kabili scheme, which remains subject to shareholder approval, will replace and build on the success of SAB Zenzele with the intention of generating value for existing and new BEE investors.
