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BL Premium reports that on Monday SA Breweries (SAB) announced a R825m expansion of its Prospecton Brewery in Isipingo, south of Durban, which will create 25,000 jobs throughout the value chain.
The investment has been widely welcomed as the province recovers from the Covid-19 pandemic and the July 2021 unrest that set the Durban economy back by more than R70bn with nearly 200 deaths. The April 2022 floods dealt a further crippling blow to the beleaguered provincial economy. SAB CEO Richard Rivett-Carnac remarked: “Obviously, we will produce and brew more beer locally, and that means we will need to rely on more local suppliers to transport the beer, to sell the beer, and so a very important boost not only for jobs but also for the economy of the province.” He went on to explain that because SAB ran a fairly automated process in its breweries, the expansion would not add a significant number of jobs in the Isipingo brewery, but the additional capacity meant “there will be a significant rise in transport, retail and agriculture jobs in the province, and those jobs will be sustained over a very long term.” Speaking at the launch, KwaZulu-Natal premier Nomusa Dube-Ncube said: “As the provincial government, we are pleased that this injection will lead to the creation of 25,000 additional jobs throughout the value chain, and we can safely say that this investment will positively impact at least 125,000 people in our province.”
- Read the full original of the report in the above regard by Mary Papayy at BusinessLive (subscriber access only)
- Read too, SAB's multimillion-rand injection to boost hard-hit KZN economy, at TimesLive
- And also, South African Breweries injects over R800 million into economy, at The Witness
Get other news reports at the SA Labour News home page