South African Breweries outlines R4.5 billion commitment to South African economy

SAB CEO Richard Rivett-Carnac said that the industry already contributes 1.3% to the national GDP. He was speaking at the SA Investment Conference, held at the Sandton Convention Centre, Johannesburg.

Carnac said this new investment commitment will inevitably have an impact on jobs through direct and indirect employment – adding to the already 250,000 jobs sustained by the national beer sector. He said this latest investment will enable the continued transformation of the industry by employing black suppliers including HTP and Isanti glass.

This new investment pledge follows SAB’s commitment to invest R2 billion into capital expenditure projects in their 2021 financial year, which it channeled into several upgrades at its operating facilities and providing some exciting product innovations.

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