South African Breweries

SAB, now SABMiller, is second largest global brewer. Most of the company's profits come from Europe and South Africa. Their major brands include Miller, Pilsner Urquel, and Castle. Brewing is an industry with very large returns to scale, most markets have a profitable dominant brewer, a few marginally profitable secondary brewers, and imports from the dominant brewers in other areas. SABMillers areas of dominance are South Africa, and parts of Eastern Europe.