THIS week’s listing of Anheuser-Busch InBev shares on the JSE gives investors a great global asset to invest in when SABMiller is rolled into the Belgium-based brewer.The company’s existing 1.6bn issued shares will be made available by way of introduction, without issuing new ones, allowing prospective investors to tuck in even before AB InBev’s proposed acquisition of SABMiller becomes effective.The Public Investment Corp (PIC), SABMiller’s biggest local shareholder, with 3.1% of the stock, says the secondary inward listing is “a great development. It gives us an opportunity to replace what we had with a bigger and much more geographically diversified asset,” says PIC CE Daniel Matjila.The bigger issue, though, for the manager of the pensions of state employees will be to persuade AB InBev to continue and improve on SABMiller’s supply chain and BEE programmes, says Matjila. Among the most important issues will be AB InBev’s continuation of support for farmers for beer input product...
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