Zamalek owner SAB has completed promised R5.8bn plant upgrades

South African Breweries (SAB) has confirmed that its R5.8 billion investment commitment has been utilised to increase capacity at two of its plants, the Department of Trade, Industry and Competition (dtic) said on Thursday.

The company says that the investment was for civil works and new equipment to allow for increased local production for new product innovations, the dtic said in a statement.

SAB announced this investment at the South African Investment Conference 2023. Two of SAB’s plants were identified for these capacity upgrades: Prospecton Brewery in Durban, and Ibhayi Brewery in Gqeberha in the Eastern Cape. 

The South African Investment Conference was launched in 2018 by President Cyril Ramaphosa as a way to boost economic activity, setting a target to mobilise approximately R2 trillion in new investments over another five-year period, which begins next year.

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