Oct 11, 2016
When AB InBev had aspirations to expand into Africa by combining their strengths with SABMiller, they needed a bank that had the right capabilities and knowledge of Africa. A global bank with local roots.
Standard Bank’s 154 year history, on the ground knowledge, expertise and presence in SABMiller’s many African markets made it the perfect choice. Committed to driving both Africa and our clients’ growth, this remarkable transaction is testament to the great investment opportunities Africa offers.
A key aspect of this combination includes AB InBev’s commitment to invest R1 billion in South Africa. The fund will support small-holder farmers, promote enterprise development and local manufacturing. It will also finance 800 new emerging farmers and 20 new commercial farmers to produce barley, hops, maize and malt, driving job creation. Another notable aspect of the deal, is AB InBev’s commitment to maintain its total permanent employment levels in South Africa as at the date of closing, for a period of five years.
Embracing both the letter and spirit of transformation successfully lands
AB InBev - SABMiller combination in South Africa. Read More
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