SAB’s BBBEE scheme disburses R2.6bn over 7 years

Since its establishment in 2010, South African Breweries’ (SAB’s) broad-based black economic empowerment (BBBEE) scheme SAB Zenzele has disbursed R2.6-billion to its three shareholder groups. About 40 000 black shareholders hold a collective 8.45% in the company through the R7.3-billion SAB Zenzele, which benefits SAB employees under the SAB Zenzele Employee Trust, qualifying black-owned liquor and soft drink retailers through the SAB Zenzele Holdings for Retailers, and the SAB Foundation for the broader South African society.