South Africa’s Competition Commission has given its approval to Anheuser-Busch InBev’s (AB InBev) acquisition of SABMiller. The deal will now be placed before the country’s Competition Tribunal for final clearance.

South Africa is one of the three markets where AB InBev needs to get clearance in order to complete the acquisition of SABMiller for $108bn, reported the Wall Street Journal.

Regulatory agencies from China and the US are still reviewing the takeover deal.

"Regulatory agencies from China and the US are still reviewing the takeover deal."

Last week, AB InBev secured clearance from Europe for the deal. AB InBev said the approval from South Africa is "an important milestone". It plans to close the takeover of SABMiller in the second half of this year.

To secure approval from South Africa’s Competition Commission, the firm gave assurance that employees would not lose their jobs due to the deal.

The firm also agreed to create a $69m investment fund in the country.

The acquisition will enable the brewing company to gain a 30% share in the market.