News Formal

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

  • 📰 SundayTimesZA
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

SAB announced on Monday that it had 'halted' R5bn in investments in the country over the next two years due to the ban on alcohol sales.

Nomahlubi Jordaan

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

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:

 /  🏆 47. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

SAB stops R5bn investment because of alcohol ban 'which affects a million livelihoods'SAB announced on Monday that it had 'halted' R5bn in investments in the country over the next two years due to the ban on alcohol sales.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Alcohol ban: SAB halts R5bn investment in SA | CitypressSA Breweries has halted R5 billion in investments in South Africa over the next two years, due to the consequences of the alcohol ban
Source: City_Press - 🏆 7. / 72 Read more »

Alcohol sales ban forces SAB to cancel R5bn investmentThe investments that had been considered had included upgrades to operating facilities and the installation of new equipment at selected plants
Source: BDliveSA - 🏆 12. / 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 »

SAB stops R5bn investment because of alcohol ban 'which affects a million livelihoods'SAB announced on Monday that it had 'halted' R5bn in investments in the country over the next two years due to the ban on alcohol sales.
Source: TimesLIVE - 🏆 28. / 59 Read more »