Moneyweb reports that Heineken Beverages SA on Wednesday confirmed that its almost 5,000 employees will jointly own a stake in the company through an employee share ownership plan called Bokamoso.

The empowerment scheme, which was one of the conditions of ownership imposed on the Dutch brewer by local competition authorities, will see Heineken SA employees holding a 6% share in the company. According to Heineken, the perpetual employee share ownership scheme will also be open to future South African full-time employees and fixed-term contractors within the South African operations. “As a company, we recognise that our success is dependent on having the very best talent, highly motivated employees who are all guided by a strong sense of purpose. Having a scheme with no defined end date or fixed term allows benefits, in the form of dividends, to flow to both present and future employees indefinitely,” HR director Enid Lizamore said.

• Read the full original of the report in the above regard by Akhona Matshoba at Moneyweb

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