SAB has cancelled a R2.5bn investment spend on infrastructure and new equipment following the government’s latest ban on alcohol sales.
The brewer, owned by AB InBev, also withdrew a R2.5bn spend in 2020 after a 12-week sales ban. SAB warned then that it was considering cancelling the R2.5bn in planned expenditure, which it has now confirmed. ..A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Bullying tendencies.
So how's the NDZ idiotic liquor banning strategy working out? tito_mboweni
Not what we need at this stage...
We don’t need more alcohol factories. Build hospitals to help victims of alcohol abuse
Now we know how much excessive alcohol consumption contributes to trauma, maybe they should invest in fixing that problem so they can get back into business.