The group this year committed an additional R920 million, boosting its local investment commitments for 2022 to R4.5 billion
Sipho Sibanda is an emerging black farmer in Taung, North West. He is amongst 51 farmers who own 471 hectares of land that produce barley and maize, key brewing ingredients for beer. The country’s liquor industry is a significant contributor to the South African economy, In 2019, it contributed approximately R74 billion to GDP or 1,3%.
“From where I was until now, it did improve my life, a lot, I build a house, I bought a car, and I did get married. I’m paying the school fees nicely at school and livestock I did buy some sheep,” a Farmer says. CEO at SAB, Richard Rivett-Carnac says his company will continue to invest in the local economy. It also plans to invest more money in the agriculture sector, particularly black farmers.
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