News Formal

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

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 59%

Malaysia News News

SAB pulls the plug on R2.5bn in investments due to alcohol ban

Nomahlubi Jordaan

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

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.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Liquor industry says govt should prepare to lift ban on sale of alcohol
Source: ewnupdates - 🏆 30. / 53 Read more »

Alcohol industry calls for lifting of 'devastating' booze ban | News24The prohibition of alcohol sales is having a devastating effect, with more than 100 000 of the almost one million jobs supported by the alcohol industry having been lost in the first phase of the ban at lockdown level 5 and 4.
Source: News24 - 🏆 4. / 80 Read more »