S AFRICA: SABMiller unveils US$980,000 election donation
SABMiller says the money will support democracy.
SABMiller is to fund South Africa's six main political parties ahead of next year's general election.
The brewer said this week the ZAR9m (US$980,000) injection will help develop South Africa's political system. The money will be distributed in proportion to the parties' seats in the National Assembly, SABMiller said.
SABMiller's outgoing CEO, Graham Mackay, said: “Political progress will remain vital to (South Africa's) continued stability and growth but this progress requires funding and significant human resources. This is an extremely important cause and it deserves our support.”
SABMiller said it contributed ZAR5m in the run-ups to the 1999, 2004 and 2009 elections.
“This year’s higher donation value follows a number of years of double-digit inflation in South Africa,” the company said.
For a round up of SABMiller's presence in Africa, click here.
MillerCoors' plans to launch a new, high-strength "golden" lager may not be surprising on one level, but the wider trend is puzzling....
SABMiller has opened a second brewery in Uganda as it seeks to relieve capacity pressures in the country....
- Pernod Ricard 's first-half results - Preview
- Pernod Ricard's H1 performance by region - Focus
- Carlsberg's Q4 & full-year results - Preview
- Heineken's FY performance by region - Focus
- Forget Baby Boomers at your peril - Consumer Trend
- Asahi Group lines up Grolsch, Meantime, Peroni buy
- Diageo completes wine category exit in US
- Pernod Ricard targets US through unit, exec switch
- William Grant & Sons' Ailsa Bay - NPD
- Beam Suntory targets Kenya with Edrington/FIX
- Global travel retail insights - market forecasts, product innovation and consumer trends
- What Next for Beer and Brewers Following the MegaBrew Deal?
- Global Whiskey Market 2016-2020
- Emerging Drinks Industry Trends
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research