The Mercury - - BUSINESS REPORT - Agency (ANA) | African News


SOUTH African Brew­eries (SAB) and AB InBev Africa yes­ter­day launched a R438 mil­lion pro­duc­tion line at its Ib­hayi Brew­ery based in Port El­iz­a­beth. The mul­ti­mil­lion-rand in­vest­ment is over and above the Pub­lic In­ter­est Com­mit­ments (PICs) made by AB InBev to the South African gov­ern­ment at the time of its busi­ness com­bi­na­tion with SABMiller at the end of 2016. The PICs in­volve AB InBev in­vest­ing R1 bil­lion in South Africa over the next five years in the areas of agri­cul­ture, en­trepreneur­ship and so­ci­etal ben­e­fits. Zone pres­i­dent at SAB and AB InBev Africa, Ri­cardo Tadeu, said: “Fixed in­vest­ment, which leads to con­fi­dence, is one of the key com­po­nents needed to drive eco­nomic growth in a coun­try. In turn, this helps to cre­ate jobs and en­cour­ages for­eign in­vest­ment, which is not go­ing to hap­pen if do­mes­tic in­vest­ment does not take place. At the on­set of the global busi­ness com­bi­na­tion be­tween SABMiller and AB InBev, the agenda was one of growth and in­vest­ment. A com­mit­ment was made to grow and make a real dif­fer­ence in South Africa and this com­mit­ment has been ac­cel­er­ated through the in­vest­ment at Ib­hayi Brew­ery. It is an im­por­tant vote of con­fi­dence in the beer cat­e­gory and the South African econ­omy at large.” There are now two pro­duc­tion lines at the Port El­iz­a­beth-based brew­ery. Tadeu said the new line had cre­ated em­ploy­ment for 14 peo­ple, mostly women, who op­er­ate the line over sev­eral shifts. An­other 40 peo­ple were ex­pected to be em­ployed when the line op­er­ates at its full ca­pac­ity and vol­umes are in­creased over the com­ing years. “Ib­hayi Brew­ery now em­ploys a to­tal of 152 peo­ple. This in­vest­ment will em­power our em­ploy­ees to do what they do best,” said Tadeu.

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