The South African Breweries (SAB) Zenzele BB-BEE scheme is winding down in April and it has generated almost R14 billion in value for South African.
However, SAB has launched another scheme called Zenzele Kabili which will give shareholders of the SAB Zenzele scheme to reinvest a portion of their unwind value in the new SAB Zenzele Kabili scheme.
Joanne Joseph speaks to host at Africa State of Mind Lee Kasumba about the launch.
About 18-months ago they started engaging key stakeholder to find out how they could do a better job.— Lee Kasumba, Host at Africa State of Mind
The old employee trust didn't have equal allocation and they also spoke about how they had a challenge around equity and transparency.— Lee Kasumba, Host at Africa State of Mind
With the Zenzele Kabili scheme, all employees will have equal shares.— Lee Kasumba, Host at Africa State of Mind
Listen to the full interview below...