SAB stops R5bn investment because of alcohol ban 'which affects a million livelihoods'

Nomahlubi Jordaan

SAB said it had cancelled R2.5bn in investments for 2020 and another R2.5bn was being reviewed for 2021.

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SA Breweries cans investment projects worth R5bnBeer producer South African Breweries has canned local capital investment projects worth R5bn over the next two years due to the lockdown that has seen the sale of alcohol being suspended. The SAB said in a media statement on Monday it was cancelling a R2.5bn investment project that was planned for this year while also reviewing another R2.
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