Transformation And Empowerment
Long before democracy in South Africa, SAB focused on developing people, implementing progressive equity policies and innovative empowerment programmes. We have come a long way since the early days and we understand the responsibility that comes from being a leading corporate citizen. That is why we are constantly striving to be a force for good within society.
Employee Value Proposition
SAB’s history in employment equity dates back to the 1970s as the first company in South Africa to implement preferential procurement. We have been a leading agent for change ever since.
We have a strong focus on activities at both national and regional levels that include the following:
- Enterprise development
- Job creation
- Community wellbeing
Announced in June 2009, 8.45% of the company’s shares were placed under black ownership as a part of the SAB Zenzele BBBEE transaction. Valued at R7.3 billion, this transaction was a ground-breaking move towards broad-based black economic empowerment.
Three constituencies have been included in the rewarding of these benefits:
- SAB employees
- Black-owned beer and soft drink retailers
- Historically disadvantaged communities
SAB Zenzele has offered opportunity to 60, 000 new shareholdersthat come from black majority-owned businesses or who are black individuals, themselves.
Encouraging Leadership Behaviour
As an employer we firmly believe that successful people build successful businesses. This is why we put so much effort into finding the best talent, people with both internal drive and advanced skills, in order to create situations that provide a challenging and rewarding work environment. It is in this kind of environment that <many of SA’s top executives have honed their skills at SAB.
History has shown us that great companies anticipate, embrace and lead change as a source of opportunity. We believe that change is essential in driving growth and progress in the 21st century. As we continue to drive change in business we are also nurturing change from inside SAB as we embrace new leadership behaviours that will unleash the potential of our people and support our long-term and sustainable growth.