{"id":9970,"date":"2012-04-16T16:19:14","date_gmt":"2012-04-16T14:19:14","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/sabmiller-eyes-2-5-bln-in-africa-investment\/"},"modified":"2012-04-16T16:19:14","modified_gmt":"2012-04-16T14:19:14","slug":"sabmiller-eyes-2-5-bln-in-africa-investment","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/sabmiller-eyes-2-5-bln-in-africa-investment\/","title":{"rendered":"SABMiller eyes $2.5 bln in Africa investment"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* To build 2-3 breweries in Africa<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Sees Africa beer consumption reaching 30 litres<\/p>\n<p><span><\/span><\/p>\n<p>By Tiisetso Motsoeneng and Tebogo Mahlaela<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, April 16 (Reuters) &#8211; SABMiller plans to invest up to<br \/>\n$2.5 billion in Africa over the next five years to build and<br \/>\nrevamp breweries, its head for the region said on Monday, as it<br \/>\nlooks to slake rising demand for beer in the fast-growing<br \/>\ncontinent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We are still looking at around 400 to 500 million dollars a<br \/>\nyear &#8230; for the next three to five years,&#8221; Mark Bowman,<br \/>\nSABMiller&#8217;s managing director for Africa told the Reuters Africa<br \/>\nInvestment Summit.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There&#8217;s quite an attractive growth in markets outside South<br \/>\nAfrica so we will be investing basically to meet and be ahead of<br \/>\ndemand,&#8221; he said in an interview at Reuters offices in<br \/>\nJohannesburg.<\/p>\n<p><span><\/span><\/p>\n<p>SABMiller&#8217;s Africa business, which excludes South Africa, is<br \/>\nthe group&#8217;s biggest recipient of capital expenditure and its<br \/>\nfastest growing, with underlying volumes in the last three<br \/>\nmonths of 2011 up 11 percent.<\/p>\n<p><span><\/span><\/p>\n<p>Bowman said the London-based brewer, which is also listed in<br \/>\nJohannesburg, will use the money to build two to three breweries<br \/>\neach year across the continent, where some breweries are running<br \/>\nat or near full capacity.<\/p>\n<p><span><\/span><\/p>\n<p>Africa is home to a billion people and, after a decade of<br \/>\nrelative political stability, dozens of fast-growing economies.<br \/>\nAlthough still poor, it is increasingly seen as the next big<br \/>\ngrowth market for consumer goods.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* To build 2-3 breweries in Africa * Sees Africa beer consumption reaching 30 litres By Tiisetso Motsoeneng and Tebogo Mahlaela LONDON, April 16 (Reuters) &#8211; SABMiller plans to invest up to $2.5 billion in Africa over the next five years to build and revamp breweries, its head for the region said on Monday, as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","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":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9970","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9970","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=9970"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9970\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}