{"id":224439,"date":"2022-05-13T10:45:55","date_gmt":"2022-05-13T08:45:55","guid":{"rendered":"https:\/\/www.myza.co.za\/president-ramaphosa-ab-inbev-engage-during-courtesy-call\/"},"modified":"2022-05-13T10:45:55","modified_gmt":"2022-05-13T08:45:55","slug":"president-ramaphosa-ab-inbev-engage-during-courtesy-call","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/president-ramaphosa-ab-inbev-engage-during-courtesy-call\/","title":{"rendered":"President Ramaphosa, AB Inbev engage during courtesy call"},"content":{"rendered":"
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Leading beer manufacturer AB Inbev has committed to working with government to create an enabling environment for economic growth in the country.<\/p>\n

This was revealed during a courtesy phone call between President Cyril Ramaphosa and AB InBev and SA Breweries (SAB) CEOs Michel Doukeris and Richard Rivett-Carnac on Wednesday this week.<\/p>\n

According to the Presidency, the engagement is a follow up with the President about the company\u2019s R4.5 billion investment pledge made at the South Africa Investment Conference earlier this year.<\/p>\n

\u201cThe company indicated at the time that R1.9 billion of this investment will go towards returnable packaging which will enable SAB to continue transforming the industry by employing black suppliers such as HTP and Isanti Glass.<\/p>\n

\u201cR825 million of this investment will go towards SAB\u2019s Prospecton Brewery in Durban, in KwaZulu-Natal. This investment will provide a projected R3.1 billion additional tax revenue and generate 25 000 jobs through the value chain.<\/p>\n

\u201cR510 million will be committed to upgrading SAB\u2019s Ibhayi Brewery in the Eastern Cape,\u201d the Presidency said.<\/p>\n

Furthermore, the Presidency said the two industry leaders committed to creating a fertile environment for growth and minimising social harm caused by alocoholic beverages.<\/p>\n

\u201cThe AB Inbev and SAB leaders outlined to the President their companies\u2019 commitment to create an enabling operating environment that will unlock South Africa\u2019s growth potential and improve the business climate, while reducing the negative impacts of the harmful use of alcohol.<\/p>\n

\u201cThe executives briefed the President on deliberations within the World Health Organisation and the Organisation for Economic Cooperation and Development on a differentiated approach to dealing with different types of alcohol as part of responding to social ills associated with harmful alcohol use.<\/p>\n

\u201cPresident Ramaphosa welcomed AB Inbev and SAB\u2019s commitment to South Africa and to working with government to fashion a regulatory regime that would facilitate growth in the sector and reduce social harm,\u201d the Presidency said. \u2013 SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Leading beer manufacturer AB Inbev has committed to working with government to create an enabling environment for economic growth in the country. This was revealed during a courtesy phone call between President Cyril Ramaphosa and AB InBev and SA Breweries (SAB) CEOs Michel Doukeris and Richard Rivett-Carnac on Wednesday this week. According to the Presidency, […]<\/p>\n","protected":false},"author":1,"featured_media":224440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-224439","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-south-africa","8":"tag-sanews","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/05\/president-ramaphosa-ab-inbev-engage-during-courtesy-call.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/224439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=224439"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/224439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/224440"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=224439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=224439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=224439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}