SZK - SAB Zenzele Kabili

Nov 22, 2024 at 21:37 Twitter · Facebook

SZK share price on Johannesburg Stock Exchange

SAB Zenzele Kabili is a new B-BBEE scheme launched by Anheuser-Busch InBev SA/NV and the South African Breweries (SAB) to give retailer partners, employees, and qualifying members of the public who invest in the scheme an opportunity at real ownership in the company. The SAB Zenzele Kabili scheme, which replaces SAB Zenzele, owns R5.4 billion worth of AB InBev shares. The original SAB Zenzele, which reached maturity in May 2021, was the largest B-BBEE scheme in the history of South Africa in the fast-moving consumer goods sector, having reached a total maturation value of R9.7 billion. Retailer shareholders who had invested R100 in 2010 would have received a total pre-tax pay-out of R77,518 when the transaction fully unwinded.

AB InBev is the world’s largest brewer by volume and one of the world’s top consumer products companies by revenue. As a consumer-focused, insights-driven company, it produces, markets, distributes and sells a diversified portfolio of well over 500 beer and other malt beverage brands. These include brands with significant international distribution, such as Budweiser, Corona (except in the United States), Stella Artois, Beck’s, Leffe, Hoegaarden and Michelob Ultra; and brands primarily distributed to local markets such as Bud Light in the United States.

SAB Zenzele Kabili is listed on the Johannesburg Stock Exchange (JSE) since May 28th, 2021. SAB Zenzele Kabili is traded on the JSE under the ticker symbol “SZK”. The International Securities Identification Number (ISIN) of JSE:SZK is ZAE000284196. SAB Zenzele Kabili is currently the 213th most valuable stock on the JSE with a market capitalization of ZAR 1.46 billion, which makes about 0.0074% of the Johannesburg Stock Exchange equity market.

SZK Stock Market Performance

The current share price of SAB Zenzele Kabili (SZK) is ZAR 36.01. SZK closed its last trading day (Thursday, November 21, 2024) at 36.01 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 5.2% drop from its previous closing price of 38.00 ZAR. SAB Zenzele Kabili began the year with a share price of 40.00 ZAR but has since lost 9.98% off that price valuation, ranking it 347th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that SZK has lost 5% of the stock’s value from October 25th to date.

SAB Zenzele Kabili is the 369th most traded stock on the Johannesburg Stock Exchange over the past three months (Aug 27 - Nov 22, 2024). SZK has traded a total volume of 21,500 shares—in 129 deals—valued at ZAR 817,390 over the period, with an average of 341 traded shares per session. A volume high of 6,805 was achieved on October 16th for the same period. The table below details the last 10 trading days of activity of SAB Zenzele Kabili on the Johannesburg Stock Exchange.

Profile of SAB Zenzele Kabili Holdings (RF) Limited

SAB Zenzele Kabili Holdings (RF) Limited was founded on December 5, 2019 and operates in the Financials sector, specifically, the Investment Services industry.

SZK Industrial Market Competitors

SAB Zenzele Kabili Holdings (RF) Limited, issuers of the SZK stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Investment Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange