AB InBev CEO Michel Doukeris has assured beer lovers that they will be protected from inflation led price increases, thanks to the to the group’s risk policy. | Fin24
Both CEOs' appointments come at a challenging period, which in South Africa has been marked by tensions between the government and SAB.
Government’s repeated bans on the sale of alcohol were at the heart of SAB’s gripe with it, leading to the beer maker taking government to court. But both parties seem to be putting the past behind them, with Doukeris and Rivett-Carnac having a telephonic meeting with President Cyril Ramphosa on Wednesday.
The meeting was with regards to the R4.5 billion investment pledge SAB made at the the South Africa Investment Conference this year. The investment will go towards returnable packaging, which will take up R1.9 billion of the total amount, while R825 million will go towards expanding SAB’s Prospecton Brewery in KwaZulu-Natal and creating 25 000 jobs in the value chain.