SAB ZENZELE KABILI: New B-BBEE scheme holds R5.4 billion worth of shares in AB InBev, world’s largest beer maker
The South African Breweries (SAB) is pleased to announce that shares in its recently launched SAB Zenzele Kabili B-BBEE share scheme are now available to trade via the EasyEquities platform. The share scheme is the first B-BBEE scheme to become available on the popular low-cost investment platform that aims to make investing easy for South Africans.
Owning R5.4 billion worth of shares in AB InBev, the world’s largest beer maker, SAB Zenzele Kabili listed on the B-BBEE Segment of the Johannesburg Stock Exchange (JSE) on 28 May 2021, officially replacing SAB Zenzele, which is, to date, the largest B-BBEE share scheme in the fast moving consumer goods sector, having generated a total value of R 9.7 billion at maturation.
SAB Zenzele Kabili aims to further SAB’s vision to foster innovation and stimulate transformation in the country, through creating a platform for ownership and building financial legacy for generations to come. This share scheme aims to facilitate liquidity and broaden ownership to B-BBEE investors which include SAB retail customers such as tavern owners, bottle store owners, entrepreneurs through the SAB Foundation and qualifying SAB employees through a new employee share scheme as well as the general qualifying public.
The qualifying public are now able trade from the listing post, through a JSE broker or the EasyEquities trading platform. There is no closing period for applications. People can trade in the listed company anytime from now onwards.
Share prices fluctuate due to various market factors including supply and demand. While SAB is pleased that SAB Zenzele Kabili shares are accessible to qualifying members of the public, we encourage you to understand the share price when you are trading, take careful consideration and do thorough research prior to investing in SAB Zenzele Kabili or any other shares. When you buy shares, the investment outlook and return on investment depends on the performance of the underlying asset over the long term. Please refer to the Abridged Prospectus released on the Stock Exchange News Service of the JSE and published in the press on 6 May 2021. We look forward to you being a shareholder in our business and creating sustainable growth together into the future.
How to buy SAB Zenzele Kabili shares via the EasyEquities platform:
Go to https://www.easyequities.co.za/ and create an account. You will need to submit a few supporting documents which include: a Naturalisation affidavit – provided in the link and a certified copy of your ID document. Then, send your application to SABZenzele@easyequities.co.za
For more information on how to register an EasyEquities account, visit the FAQ section on the EasyEquities website here.
SAB ZENZELE KABILI HELPLINE:
For more information, or support, call 0861 100 937 and reference SAB Zenzele Kabili.