SABMiller announces South African political donations
SABMiller plc announces that its Board has approved plans to provide funding to political parties in South Africa for next year's general election. The funding is part of the group's on-going commitment to encourage the development of South Africa's democratic political system.
The Board has asked its South African subsidiary, The South African Breweries (Pty) Ltd, to make a donation of R9 million (US$980,000) which will be distributed across the six largest political parties in proportion to their seats in the National Assembly: the African National Congress party (ANC); the Democratic Alliance (DA); the Congress of the People; the Inkatha Freedom Party; the United Democratic Movement; and the Freedom Front Plus.
Graham Mackay, Executive Chairman of SABMiller plc, commented:
"South Africa has a vibrant, open democracy and SABMiller is proud to have made a contribution to that achievement. Political progress will remain vital to the country'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 made contributions of R5 million in the run up to the 1999, 2004 and 2009 elections and has not made any other political donations in South Africa outside of the national election cycle. This year's higher donation value follows a number of years of double-digit inflation in South Africa.
Notes to editors
SABMiller plc is one of the world's leading brewers with more than 200 beer brands and some 70,000 employees in over 75 countries. The group's portfolio includes global brands such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch; as well as leading local brands such as Aguila (Colombia), Castle (South Africa), Miller Lite (USA), Snow (China), Victoria Bitter (Australia) and Tyskie (Poland). SABMiller also has growing soft drinks businesses and is one of the world's largest bottlers of Coca-Cola products.
In the year ended 31 March 2012 the group reported EBITA of US$5,634 million and group revenue of US$31,388 million. SABMiller plc is listed on the London and Johannesburg stock exchanges.
t: +44 20 7659 0100
Director of Corporate Affairs
t: +44 20 7927 4709
Senior VP, Investor Relations
t: +44 20 7659 0174
Business Media Relations Manager
t: +44 20 7659 0188