S AFRICA: SABMiller unveils US$980,000 election donation

By | 15 March 2013

SABMiller says the money will support democracy.

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.

Expert analysis

Global Beer Tax Tables, 2012

This report covers 58 markets and comprises a series of tables covering taxation base, historical excise rates, legal controls and a calculation of the total taxation burden on beer.

Sectors: Beer & cider

Companies: SABMiller

View next/previous articles

Currently reading -

S AFRICA: SABMiller unveils US$980,000 election donation

There are currently no comments on this article

Be the first to comment on this article

Related research

SABMiller - SWOT, Strategy and Corporate Finance Report

SABMiller - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials, and corporate...

SABMiller plc - SWOT, Strategy and Corporate Finance Report

SABMiller plc - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials, and corpo...

SABMiller Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report

Datamonitor's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage....

Related articles

just For Subscribers - The week in drinks

Here are the ten most viewed, subscriber-only items on just-drinks this week:

US: MillerCoors boss welcomes beer battle with Constellation Brands

MillerCoors' boss has revealed he is "looking forward" to competing with Constellation Brands in the US beer market and does not fear new rivals.

GLOBAL: SABMiller launches 50th birthday Peroni push

SABMiller has launched a global push for Peroni Nastro Azzurro as the beer brand celebrates its 50th anniversary.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page