Heineken to invest over R15 billion to expand in South Africa

GAUTENG – The Dutch brewer Heineken says it will invest over R15 billion to expand its operations in South Africa. The investment aligns with the company’s R38 billion takeover of the Distell group. South Africa’s competition authorities previously said that Heineken could purchase Distell but added that Newco, the company forming from the merger of Heineken South Africa and Namibia Breweries, had to invest in the local breweries and beverages sector.