South African Breweries Ltd

South African Breweries Ltd

South Africa

The South African Breweries Limited was founded in 1895 as Castle Brewery to serve a growing market of miners and prospectors in and around Johannesburg. Two years later, it became the first industrial company to list on the Johannesburg Stock Exchange and the year after (1898) it listed on the London Stock Exchange.

In 1950, it relocated its headquarters and control from London to South Africa. In 1955, Castle Brewing purchased the Ohlsson’s and Chandlers Union breweries, and the group was renamed South African Breweries.

From the early 1990s onward, the company increasingly expanded internationally, making several acquisitions in both emerging and developed markets. In 1999, it formed a new UK-based holding company, SAB plc, and moved its primary listing to London. In May 2002, SAB plc acquired Miller Brewing, forming SABMiller plc.

It is now a major brewery headquartered in Johannesburg, South Africa and was a wholly owned subsidiary of SABMiller until its interests were sold to Anheuser-Busch InBev on 10 October 2016. After the deal closed, the new company’s name changed slightly, to Anheuser-Busch InBev SA/NV (abbreviated as AB InBev).

Breweries

  • Bulawayo
  • Ndola
  • Salisbury

References

  • Multinationals and the Restructuring of the World Economy – Michael Taylor and Nigel Thrift.
Contributors
  • James Gavin

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