fawuBDLive reports that workers at SA Breweries (SAB) who own shares through the Zenzele scheme are to get an average advance payment of about R32,000 when the deal with Anheuser-Busch InBev (AB InBev) goes through.  

This follows a hard-fought battle by the Food and Allied Workers Union (Fawu).  The deal was struck on Friday, after Fawu had threatened to strike over the issue.  The union had complained that, while 1,700 SAB managers would receive a $1.9bn early payout on their share options, workers had to wait until the Zenzele scheme matured in 2020.  The improved offer doubles the amount proposed originally by SAB and removes the requirement that recipients pay interest on what is essentially a prepayment of dividends.


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