What is Sab Zenzele Kabili?
SAB Zenzele Kabili is the largest B-BBEE scheme presented by SAB (South African Breweries). The first empowerment scheme was known as SAB Zenzele which was launched in 2010. It was started with 42,000 shareholders having a worth of R14 billion for the beneficiaries and R9.5 billion return value.
Back then, if someone had invested R100 for a ten-year period, then upon maturity, they would have now received R77,518 excluding tax values.
The company is now offering the opportunity of reinvesting a part of the earnings. This opportunity is being presented to the SAB Zenzele retail shareholders through the SAB Zenzele Kabili scheme owning R5.4 billion worth of AB InBev shares.
It is going to be listed on the B-BBEE segment of the JSE from May 28 2021. This will facilitate liquidity and broaden the ownership to other B-BBEE investors. including existing qualifying SAB employees via a new employee stock ownership plan. The scheme was scheduled for rollout last year but due to Covid-19, the launch of the scheme was postponed until this year.
The listing price of the SAB Zenzele Kabili shares 2nd version will be R140 and the underlying asset will be AB InBev which will be trading at R1000.
It is easy to purchase or Buy SAB Zenzele Kabili shares. Investors can buy shares from a JSE broker or any other suitable trading platform.
The one who is willing to buy shares of SAB Zenzele Kabili must be an African black person or should belong to Indian, Chinese, and Coloureds ethnicity.
The scheme will be available to all existing Zenzele beneficiaries initially. The scheme will be listed indefinitely.
Investec will be the primary broker. Other brokers can be those trading platforms that have a valid license for listing BBBEE shares.
How to invest in Sab Zenzele Kabili?
Investing in Sab Zenzele Kabili is easy. All you have to do is go to the trading platforms, fill out the application form and buy the shares.
Where do I find Sab Zenzele Kabili application forms?
You can find the SAB Zenzele Kabili application form for either on Investec or other eligible trading platforms like Computershare, etc. Otherwise, you can click the link here to download the application form.
The payout date for SAB Zenzele shares is 20 june 2022.
SAB Zenzele Kabili Easy Equities
It is to be noted that the primary broker will be Investec. Other trading platforms can be considered as qualifying brokers who have a licence to list the shares of a BBBEE on their platforms. However, the SAB Zenzele Kabili shares will not be available on Easy Equities (EE).
The shares of SAB Zenzele Kabili will also be listed on Computershare along with banks having broker divisions also.
The registered office of SAB Zenzele Kabili is located in Sandton. If the investors have any queries, then they can reach the call center agents of SAB Zenzele Kabili on 0861 900 903.
The call centers are open from 9 AM in the morning to 5 PM in the evening from Monday to Friday of the week. Other than this, they can also send an email to [email protected].
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