South African Breweries cancels $165 million investment after latest alcohol ban

  • 📰 Reuters
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

España Noticias Noticias

España Últimas Noticias,España Titulares

South African Breweries, part of Anheuser-Busch InBev, has cancelled a further 2.5 billion rand ($165 million) of investment earmarked for 2021 following a third local ban on alcohol sales in the country, it said on Friday.

SAB’s cancelled investments in South Africa in relation to the ban now total 5 billion rand. In August, the maker of Carling Black Label and Castle Lager beer cancelled 2.5 billion rand of planned expenditure following a second alcohol ban.

As a result, more than 165,000 people in South Africa have lost their jobs and about 30% of local breweries have been forced to shut their doors permanently.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 2. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Alcohol taxes are way up in the U.S. and helping government...

Hi , Welcome ! Will be with You in short while . I, Thank You .

España Últimas Noticias, España Titulares