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Home Investing

Here’s what you need to know about SAB Zenzele Kabili Shares

iBusiness Staff by iBusiness Staff
May 16, 2021
in Investing
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SAB (South African Breweries) has been in business for 125 years. The first idea of brewery came about in 1895, a passion of a man from England came about to be a fixed point on the South African landscape. Charles Glass, founder of Castle Brewery merged with other breweries to form SAB. SAB was the first industrial company to be listed on the JSE two years after it was founded.

SAB grew massively over the years, so much that in 2010, it launched an empowerment scheme called SAB Zenzele. SAB Zenzele is the largest BBBEE scheme in South Africa, with around 42 000 shareholders, around R14 billion in value for its beneficiaries, with over R9.7 billion return value. These can be paid in cash or in AB Inbev shares.

With the success of the scheme, a shareholder who had invested R100 with SAB Zenzele for 10 years, would have recieved R77,518 payout before tax, despite the inflation.

SAB Zenzele launches again, Scheme 2.0 version

Through a huge success of the first version, SAB Zenzele Kabili Shares 2.0 launches again on the 28th of May 2021 and will be listed on the JSE B-BBEE segment.

It is important to note that upon listing, the shares will initially be available to existing beneficiaries and will be given an opportunity to reinvest their remaining entitlements from their first scheme.

After 28 May 2021, any qualifying person in terms of the B-BBBE Act will be able to buy the shares as they will be available publicly.

The qualifying criteria in terms of the B-BBBE Act refers to African Black, Coloureds, Indians and Chinese People.

Shares will be available for purchase through the SAB’s primary broker, Investec, or any qualifying broker with a valid licence for listing BEE shares on their platform.

The shares will be available on Computershare, Easy Equities (EE), banks with broker division, and Investec which can be contacted on 0861 900 903.

SAB Zenzele Kabili is invested in AB InBerv shares which is the underlying assets, and they appreciate in value and the debt portion of the scheme shares decreases. There is also compound growth from dividends in addition to the share price appreciation.

The listing price is R40, the underlying asset is AB InBev shares which generally trade at around R1 000.

Follow the link to find out how you can buy the SAB Zenzele Kabili:

How to buy SAB Zenzele Kabili

Tags: #investments#SABZenzeleKabili
iBusiness Staff

iBusiness Staff

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Comments 9

  1. Avatar Thandeka says:
    1 year ago

    I like to know how do you buy shares

    Reply
  2. Avatar Grant Bailey says:
    1 year ago

    Please remove all reference to Equity Express Securities Exchange (EESE) from this article since the SAB shares are NOT listed on this Exchange

    Reply
  3. Avatar Nkosenye says:
    1 year ago

    I want to buy shares . Kindly contact me on how

    Reply
    • iBusiness iBusiness says:
      1 year ago

      Hi Nkosenye this link will explain to you how to buy the shares.
      https://www.ibusiness.co.za/fin/how-to-buy-sab-zenzele-kabili/

      Reply
  4. Avatar Vennie Govender says:
    1 year ago

    I don’t understand the share price of this stock SZK, if it trades around R40ish, how come I see
    high increase in price since listing!, pls advise, thks

    Reply
  5. Avatar Asanda says:
    1 year ago

    Hi there i need to buy shares please assist

    Reply
    • iBusiness iBusiness says:
      1 year ago

      https://www.ibusiness.co.za/fin/how-to-buy-sab-zenzele-kabili/ this article will explain how to buy the shares

      Reply
  6. Avatar Nana Rampedi says:
    1 year ago

    Hi, when is the closing date of SAB shares I would like to buy one.

    Reply
  7. Avatar Rosina Nhlapo says:
    1 year ago

    Hi I want to buy zenzele ka bilingual shares, please contact me

    Reply

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