Alcohol ban: SAB halts R5bn investment in SA | Citypress

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SA Breweries has halted R5 billion in investments in South Africa over the next two years, due to the consequences of the alcohol ban

 

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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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