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JSE – SAB Profile’s Stock Exchange Handbook: 2024 – Issue 3
Sabvest Capital Ltd. SAB Zenzele Kabili Holdings (RF) Ltd.
SAB SAB
ISIN: ZAE000283511 SHORT: SABCAP CODE: SBP ISIN: ZAE000284196 SHORT: SABKABILI CODE: SZK
REG NO: 2020/030059/06 FOUNDED: 2020 LISTED: 2020 REG NO: 2019/616052/06 FOUNDED: 2019 LISTED: 2021
NATURE OF BUSINESS: Sabvest Capital Ltd. (Sabcap) is an investment NATURE OF BUSINESS: SAB Zenzele Kabili Holdings (RF) Ltd. (“SAB
group first listed on the JSE in 1988 as Sabvest Ltd. and as Sabcap from Zenzele Kabili” or “the Company”) was incorporated on 5 December 2019
2020. The Seabrooke Family Trust (SFT) has voting control of Sabcap forthe specific purposeofacquiring andholdingsharesinAnheuser-Busch
through an unlisted Z share and has an economic interest of 40,5% InBev (“AB InBev”), the ultimate holding company of The South African
through its holding in the listed ordinary shares. At the year-end Sabcap Breweries (Pty) Ltd. (“SAB”). SAB Zenzele Kabili holds R6.1 billion worth
had39400 000 sharesinissuenetoftreasuryshares(2021: 39530 000). of AB InBev shares and is listed on BEE Segment of the JSE Ltd. SAB
SECTOR: Fins—FinServcs—InvBnkng&BrokerServcs—AssMgrs&Custodians Zenzele Kabili’sfinancialperformance is based onthe ABInBevshare price
NUMBER OF EMPLOYEES: 0 and any dividend declared and received from AB InBev during the period.
DIRECTORS: De Matteis K, Ighodaro O (ld ind ne), Mthimunye L E (ind ne), As SAB Zenzele Kabili’s only material investment and asset consists of AB
Rood L, Pillay K (Chair, ind ne), Shongwe B J T (Dep Chair, ld ind ne), InBev shares, the Company is entirely dependent on the receipt of
Seabrooke C S (CEO) dividends from AB InBev and remember you are a global shareholder as AB
MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2023 InBev owns interest all over the world.
SFT 40.80% SECTOR:Fins—FinServcs—OpEnd&MiscelInvVeh—OpEnd&MiscelInvVeh
Eric Ellerine Trust and Ellerine Group Investments 8.80% NUMBER OF EMPLOYEES: 0
InsingerGilissen Bankiers NV 7.30% DIRECTORS: Dlamini I (ind ne), Kwinda E (ind ne), MogaseWL(ne),
POSTAL ADDRESS: PO Box 78677, Sandton, 2146 ShinwanaLT(ne), Ngoasheng M M (Chair, ind ne)
MORE INFO: www.sharedata.co.za/sdo/jse/SBP MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2023
COMPANY SECRETARY: Levitt Kirson Business Services (Pty) Ltd. SAB Zenzele II Employee Share Trust 44.37%
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. SAB Foundation Trust 11.82%
SPONSOR:RandMerchantBank(AdivisionofFirstRandBankLtd.(SA)) POSTAL ADDRESS: PO Box 782178, Sandton, 2146
AUDITORS: PwC Inc. MORE INFO: www.sharedata.co.za/sdo/jse/SZK
COMPANY SECRETARY: Rilapax (Pty) Ltd.
CAPITAL STRUCTURE AUTHORISED ISSUED TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SBP Ords no par value 500 000 000 39 220 000 SPONSOR: Tamela Holdings (Pty) Ltd.
DISTRIBUTIONS [ZARc] AUDITORS: PwC Inc.
Ords no par value Ldt Pay Amt CAPITAL STRUCTURE AUTHORISED ISSUED
Final No 8 16 Apr 24 22 Apr 24 60.00 SZK Ords no par value 50 000 000 40 550 000
Interim No 7 12 Sep 23 18 Sep 23 30.00
DISTRIBUTIONS [ZARc]
LIQUIDITY: Jul24 Avg 47 082 shares p.w., R3.2m(6.2% p.a.)
Ords no par value Ldt Pay Amt
EQII 40 Week MA SABCAP Special No 3 4 Jun 24 10 Jun 24 31.00
Special No 2 20 Jun 23 26 Jun 23 45.00
9400
LIQUIDITY: Jul24 Avg 50 756 shares p.w., R2.0m(6.5% p.a.)
8052
FINA 40 Week MA SABKABILI
6704
5356 20983
4008 16500
2660 12016
2020 | 2021 | 2022 | 2023 |
NOTES: The company was listed following the restructure of Sabvest Ltd.’s 7533
dual share capital structure. Historical SENS and financials were copied
over as the structure of the company remained the same post restructure. 3050
Note that price history commences at the date of Sabcap’s listing and has 2021 | 2022 | 2023 | 2024
not been linked to the delisted ordinary shares which had different voting FINANCIAL STATISTICS
rights.
(Amts in ZAR’000) Dec 23 Dec 22 Dec 21
FINANCIAL STATISTICS Final Final Final
(Amts in ZAR’000) Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Turnover 77 422 42 953 -
Final Final(rst) Final Final Final(rst) Op Inc 970 273 347 703 - 557 025
NetRent/InvInc - 9 330 - 8 377 594 210 353 823 234 763 NetIntPd(Rcvd) 390 579 372 837 191 687
Total Inc 100 673 101 624 865 601 479 883 373 794 Att Inc 425 626 - 40 330 - 748 713
Attrib Inc - 4 335 679 581 679 171 293 184 381 886 TotCompIncLoss 425 626 - 40 330 - 748 713
TotCompIncLoss - 4 335 679 553 735 234 338 024 361 379 Tot Curr Ass 10 496 9 403 10 821
Ord UntHs Int 4 289 256 4 340 869 3 704 327 3 048 991 2 759 456 Ord SH Int 2 665 817 2 258 438 2 304 445
Investments 4 291 726 4 342 979 4 016 189 3 357 419 2 953 065 LT Liab 168 571 - 12 165
FixedAss/Prop - - 2 515 2 990 3 610 Tot Curr Liab 489 754 285 698 96 732
Tot Curr Ass 444 407 243 161 281 136 267 072 PER SHARE STATISTICS (cents per share)
Total Ass 4 292 170 4 343 386 4 265 169 3 645 755 3 224 230 HEPS-C (ZARc) 1 050.00 - 99.00 - 1 846.00
Tot Curr Liab 2 914 2 517 61 540 87 458 91 798
DPS (ZARc) - 14.00 -
PER SHARE STATISTICS (cents per share) NAV PS (ZARc) 6 574.00 5 570.00 5 683.00
HEPLU-C (ZARc) - 11.00 1 721.70 1 689.70 708.50 920.00 Price High 4 210 7 100 22 000
DPLU (ZARc) 90.00 90.00 75.00 25.00 75.00 Price Low 3 400 3 801 4 502
NAV (ZARc) 10 936.00 11 017.00 9 371.00 7 444.00 6 648.01 Price Prd End 4 000 4 208 6 801
3 Yr Beta 0.02 - - - - RATIOS
Price Prd End 7 700 8 360 6 100 2 975 - Ret on SH Fnd 7.77 - 0.81 - 15.54
Price High 9 779 8 500 6 100 3 800 - Oper Pft Mgn 1 253.23 809.50 -
Price Low 6 011 5 700 2 700 2 400 - D:E 0.03 - -
RATIOS Current Ratio 0.02 0.03 0.11
RetOnSH Funds - 0.10 15.66 18.33 9.62 13.84 Div Cover - - 7.07 -
RetOnTotAss 2.35 2.34 20.29 13.16 11.59
Debt:Equity - - 0.08 0.12 0.13
OperRetOnInv 2.35 2.34 21.08 13.72 11.84
OpInc:Turnover - - 99.81 96.51 100.00
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