SAB – the magic brew

South African Breweries has devised some innovative risk management strategies, central to which is a concentration on foreign exchange rate risk. Clive Davidson reports

South African Breweries (SAB) began making beer for the thirsty gold-diggersof Johannesburg over 100 years ago. Ever since then its leading brand, CastleLager, has dominated the local market and become part of the country’spsyche through its association with leisure and social events, as well as sport,where the company is a major sponsor.

Over the years, SAB has grown and diversified, becoming listed on the LondonStock Exchange, and eventually acquiring leading US brewery Miller Brewing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here