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