Today's Labour News

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ABInBevBusiness Report writes that brewer Anheuser-Busch InBev (AB InBev) on Tuesday moved to defend its proposal of a cash payment to participants in the SAB’s Zenzele black economic empowerment scheme.  

This follows the Food and Allied Workers Union’s (Fawu’s) steadfast opposition to the company’s proposals.  The union will present its concerns to the Competition Tribunal hearings later this month, according to general secretary Katishi Masemola.  The Tribunal’s hearings on the merger with SABMiller will commence on 22 June.  AB InBev indicated:  “Under the AB InBev proposal, participants (in the Zanele scheme) would…  enjoy the same premium being paid to SABMiller shareholders, would see an immediate cash benefit from the combination, and would benefit from future growth in the business, with no downside risk due to the guaranteed minimum value.”  

Meanwhile, the SMME Forum, a public benefit organisation, said it would make presentations at the tribunal hearings with its own demands on the merger.

  • Read this report by Siseko Njobeni in full at Business Report
  • See too, Fawu and brewers locked in BEE row, at BDLive

And also, Competition Tribunal to hold hearings over AB Inbev, SABMiller merger, at Engineering News

Get other news reports at the SA Labour News home page