Anheuser-Busch InBev (AB InBev) has come to an agreement with the Government of South Africa concerning jobs and funding, a move that will help the brewer in gaining approval from the Competition Commission and Competition Tribunal for its acquisition of SABMiller for over $100bn.

The brewer has issued a guarantee that there will be no involuntary job cuts in South Africa due to the merger.

Further, it has pledged that that it would maintain the total permanent employment levels in South Africa after the merger fopr five years.

“AB InBev will finance 800 new emerging farmers and 20 new commercial farmers to produce barley, hops, maize and malt for the company.”

AB InBev has stated that it would invest R1bn ($70m) to support small farmers and promote enterprise development; local manufacturing, exports and jobs.

As part of the R1bn commitment, AB InBev will finance 800 new emerging farmers and 20 new commercial farmers to produce barley, hops, maize and malt for the company, with the strategic intent to create additional jobs in the agricultural supply chain.

The company committed to the expansion of barley production to be malted, and to turn a current net import of barley to a net export of malt, which is the processed form of grain used in beer brewing.

In addition, AB InBev works closely with the government to reduce the harmful use of alcohol, including through introducing and promoting alcohol-free and low alcohol products to the South African market to encourage consumers to make low alcohol choices, including through brewing these products locally where possible.

Earlier this week, Anheuser-Busch InBev (AB InBev) had informed anti-trust regulators in the European union (EU) about its plan to sell beer brands of SABMiller.

The company plans to divest the beer brands in order to appease regulatory authorities in the EU for the acquisition.