Yesterday the company announced the sale of its 39.6% holding in Tsogo Sun yesterday and plans to dispose of its 435m shares it holds in the company.
SAB Miller CEO Alan Clark said: “Gaming and hotels are not core to our operations and we have concluded that the time is right for us to exit our investment through a transaction that is beneficial to shareholder of both SAB Miller and Tsogo Sun.”
The company's African operations netted it $4bn in revenue in 2013, around 13% of group revenues – the lowest out of SAB’s six regions.
However, high profit margins meant EBITA of $939m last year (putting Africa third in terms of its earnings contribution); it has 17 bottling plants in the country and employs 13,000 staff.