The South African Breweries

Today, we hosted our Annual State of the Beer Economy Event held at our Research and Development Facility in Caledon. The event highlighted the beer industry's substantial positive impact on agriculture. As our CEO, Richard (Boris) Rivett-Carnac, shared, beer is natural, local, and inclusive, from seed to sip, with 95% of SAB’s ingredients sourced locally. We would also like to express our appreciation to the Honourable Minister of Agriculture, Mr. John Steenhuisen MP; Ms. Dina Pule, chairperson of the Portfolio Committee on Agriculture; and our implementing partners, Aron Kole, Managing Director of FarmSol Holdings; Mr. Rens van der Watt, Operations Manager of Sabbi; Proudly South African and Brand South Africa for their invaluable contributions to the discussion. We look forward to ongoing collaboration in fostering sustainable growth within our agricultural community. Thank you once again for being part of this important conversation. #StateOfTheBeerEconomy #SABAgriculture #SupportLocal

Did you know that the beer industry contributes R2.2 billion to South Africa’s agriculture GDP, supporting over 38,000 households in the value chain? 🍻🌾 At South African Breweries, we take great pride in our positive impact on the agricultural sector. Beer is not just a beverage of moderation; it’s a critical driver of economic growth. By empowering our value chain, including commercial and small-scale farmers, we are not only strengthening our supply chain but also investing in South Africa’s future through our agricultural impact. We remain committed to strengthening our local agricultural community and fostering sustainable growth. #StateOfTheBeerEconomy #SABAgriculture #SupportLocal

Today marks the Annual State of the Beer Economy event, where we are honoured to host distinguished members of the agricultural sector, beer industry, and members of the media at our Research and Development Facility in Caledon. Our CEO, Richard Rivett-Carnac, will address and quantify the beer industry’s significant contributions to the agricultural sector. We will also hear from the Honourable Minister of Agriculture, Mr. John Steenhuisen, alongside Ms. Dina Pule, the chairperson of the portfolio committee on agriculture, who will share insights into agricultural policies and key initiatives. We will also hear from one of our implementing partners, Aron Kole, Managing Director of Farmsol; Mr. Rens van der Watt, Operations Manager of Sabbi; Kyle Day, SAB’s Vice President of Sustainability; and Zoleka Lisa, Vice President of Corporate Affairs. Tune in to the live broadcast at 11:05 a.m. on SA FM: https://lnkd.in/dAfWmDXN, and share your thoughts with us. #StateOfTheBeerEconomy #SABAgriculture #SupportLocal

Tonight, South African Breweries proudly celebrates the 2024 Beyond Awards & ESG Africa Conference. We are thrilled to gather with businesses and individuals committed to shaping a sustainable future for Africa. The Beyond Awards recognize and celebrate African organisations and individuals who go beyond the norm to make a significant and positive impact on communities and the environment.   We are excited to witness the remarkable contributions on display today and wish the best of luck to all the incredible finalists. Your dedication to making a difference is truly inspiring. #BeyondAwards #SABBeyond #Sustainability #Responsibility #ESGAfricaConference

Our Annual State Of The Beer Economy is fast approaching, and this year we will highlight the South African Breweries’ contribution and significant positive impact on the Agriculture Sector. Did you know that beer is natural, local, and inclusive? As a proudly South African company, at South African Breweries, our beers are brewed with 95% local and natural ingredients reliant on a thriving agricultural sector. #StateOfTheBeerEconomy #SAB

Global Beer Responsible Day, coming up on 1 October 2024, is a moment of the year when we come together to promote responsible consumption and highlight beer as the beverage of moderation due to its low ABV (Alcohol By Volume). Cheers to being a Champion of Moderation and, To A Future With More Cheers. #GlobalBeerResponsibleDay #SABSharp #GBRD

Global Beer Responsible Day, coming up on 1 October 2024, is a moment of the year when we come together to promote responsible consumption and highlight beer as the beverage of moderation due to its low ABV (Alcohol By Volume). Cheers to being a Champion of Moderation and To A Future With More Cheers. #GlobalBeerResponsibleDay #SABSharp #GBRD

We are honoured to be a proud partner of the CGCSA Summit where we will be showcasing our proudly South African products.

On Monday Oxford Economics Africa showcased their latest research at the Beer Tax Indaba where they explained the outcomes of a research study that seeks to understand the interaction between a historically high-inflation environment and unpredictable excise taxes in South Africa. Deon Fourie highlighted that beer producers face a high-cost environment and consumers enduring higher prices the macroeconomic environment remains tough. Furthermore, the South African excise tax burden on beer has exceeded Government targets, due to a long-term trend of above inflation excise tax increases, adding additional strain to beer producers and consumers. Our recommendation is that the Government should consider adjusting its excise regime on beer to better support the excise principles that it purports, the interactions that beer producers and consumers have with the broader macroeconomic environment, and the long-term impact of fiscal receipts.   Naadirah Grimsel-Gradwell echoed the sentiments of the research by providing how The South African Breweries has interacted with the current economic environment. “Over the last year, the beer industry has grown by less than 1%, in macroeconomic conditions that still remain constrained for producers and consumers. An excise tax environment that is anchored in certainty ensures that the tax environment does not add additional strain. This would require that excise adjustments be anchored in line with projected inflation, and a deep consideration by the Government to apply a 3-year outlook of the adjustment during the MTBPS.”   Key tax policy insights were provided by KEITH ENGEL, CEO of the South African Institute of Taxation (SAIT), who added critical perspectives on how tax certainty can still be achieved without overlooking the economic impact of the beer industry or the fiscal ambitions of the Government: “the degree of discretion that is applied in the excise tax in South Africa needs to really be examined. If other countries as shown by the Oxford Study have been able to automate the excise adjustment, then it's possible to do the same in SA. Revenues should be a priority for the State but this needs to be counterbalanced with an understanding that it shouldn’t come at the cost of jobs or providing predictability in taxes.”   SAB continues to have strong economic multipliers in the South African economy. Taxing for growth through the provision of excise tax certainty is an enabling lever to allow the beer industry to do just that. Richard (Boris) Rivett-Carnac Fatsani Banda Kanyisa Ndyondya Marsha Kumire Zoleka L. #Beernomics #SAB #EconomicPolicy #Tax

We recently had the pleasure of hosting Ingrid De Ryck (she/her), our Chief Sustainability Officer, along with the Ministry of Electricity & Energy at our Rosslyn Brewery. The meeting was a great success as we delved into our energy utilization strategies and sustainability goals. The Electricity Ministry shared their impressive efforts in turning around the energy crisis and outlined their exciting future plans. We also had the opportunity to showcase our operations during a brewery tour, which further strengthened our collaboration. A big thank you to Silas Zimu, Jaco de la Rouviere, and the entire team for facilitating such an engaging and inspiring discussion. | Andre Fourie   #Sustainability #SAB #BreweryTour #Collaboration #FutureWithMoreCheers