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SAB to list SA’s biggest empowerment scheme

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SAB Zenzele Kabili will have a listing share price of R40 and will hold R5.4bn worth of AB InBev shares

SAB Zenzele Kabili, the new black empowerment scheme from SAB, will list on the JSE on May 28, the company said on Tuesday.

SAB Zenzele, SAB’s current empowerment scheme, is the largest broad-based BEE scheme in the history of SA’s fast-moving consumer goods sector, with a total maturation value of R9.7bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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