SAB Zenzele Shareholders vote in favour of new B-BBEE scheme at special virtual AGM The South African Breweries (SAB) is pleased to announce that its latest B-BBEE scheme, SAB Zenzele Kabili will be listed on the JSE on 28 May 2021. At a special virtual special general meeting held for members of its current B-BBEE scheme, SAB Zenzele, a quorum was secured with 8339 shareholders casting their votes and 95% of the shareholders who voted, voted in favour of the new scheme, satisfying the requirement for listing.

The beer sector has sustained a great deal of damage following the blanket bans on alcohol, which resulted in over 100 days of restricted trading. As we emerge from the near collapse of our industry, we must focus our efforts on promoting the responsible and moderate consumption of alcohol, to ensure that we are not faced with blanket bans in the future.

SAB welcomes the resubmission of trade, a positive step forwards rebuilding the economy but greater regulatory policy certainty is required to enable the sectors recovery 02 February 2021. The South African Breweries (SAB) welcomes the President’s decision to lift the ban on the sale of alcohol with immediate effect. SAB says the third ban, which was enforced from 29 December 2020, has meant a total of 5 weeks of lost sales. The three bans have had a devastating impact on the beer and broader alcohol value-chain. The accumulated effects severely threatened thousands of livelihoods from farmers, suppliers, logistics, retailers, small businesses and our valued employees. The loss of 165 000 jobs from previous bans is a stark reminder of some of the unintended consequences of prohibition