Business News 4.8.2016 10:33 am

AB Inbev recruits Mabuza, ‘renews vows’ with Africa

Photo: Supplied

Photo: Supplied

The statement added that Yokesh Maharaj, sales and distribution director for SAB, would be business unit president South Africa.

Anheuser-Busch InBev has announced on Thursday that Jabu Mabuza, who chairs the boards of Telkom SA, Sphere Holdings and Business Unity South Africa, would serve as chairman of the Africa Board and confirmed its commitment to the continent.

In a statement outlining its proposed structure after the merger with SABMiller, expected to complete on October 10, AB Inbev said Africa would be “a critical driver of growth for the combined company”. The company said it intended “to build on the strong heritage of SABMiller in the region”.

“We are fully committed to driving growth across the African continent, working very closely with the communities in which the business operates to advance both the commercial and social agendas,” said AB InBev chief executive Carlos Brito.

Mabuza, who was formerly chief executive of Tsogo Sun, has held a number of other board memberships, including Tanzanian Breweries Limited, Castle Brewing Company of Kenya and South African Tourism. AB Inbev said he would work with Brito to finalise the governance and constitution of the board.

Brito said Mabuza’s successful entrepreneurial background, pan-African experience and involvement with the public sector would be invaluable to the combined group and the Africa board, “which will play an important role in advising the business across the continent as it moves forward”.

The statement added that Yokesh Maharaj, sales and distribution director for SAB, would be business unit president South Africa.

– African News Agency (ANA)

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