A joint European-South African consortium intends to build South Africa's second regional brewery, at a cost of £15m, in the Eastern Cape city of East London. A Swiss, Austrian and German consortium comprising private investors will have a 56% share, the South African Industrial Development Corporation will hold a 34% share and a black empowerment consortium group from the Eastern Cape the remaining 8%. Germany's industrial development body the Kreditanstallt fuer Wiederaufbau (KfW), will provide the majority of the finance.