Ndlozi calls for nationalisation of SA Breweries after R2.5bn investment cancelled

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

EFF MP Mbuyiseni Ndlozi is the latest member of his party to voice his opinion about SA Breweries after the liquor company cancelled a further R2.5bn investment reserved for this year.

Gallo Images/Sharon Seretlo

EFF MP Mbuyiseni Ndlozi is the latest member of his party to voice his opinion about SA Breweries after the liquor company cancelled a further R2.5bn investment reserved for this year following the third ban on the sales and distribution of alcohol.The cancelled investments were for upgrades to operating facilities, product innovation and new equipment at selected plants.

According to SAB’s vice-president of finance Richard Rivett-Carnac, the decision to pull the plug on the investment was prompted by the third alcohol ban and the impact it has on the company’s business.

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 NG
 

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

I need alcohol to wipe away my tears before I sin.I have always been in love with my best friend of 16 years but he kept being a Ho. Fast forward, I am married for 3 years now, no kids yet,my best friend says that I have always been the one for him and I must have his kid.

Fix urself 1st and stop trying to nationalism everything.... Learn to start your own.... Parasites!!!

What are these idiots smoking?

MbuyiseniNdlozi this award is especially for you. I think this will add to your collection of Dumbass awards.

Fuck the eff

And these are the Messiahs of South Africa huh !!

They're mum on SARB but they want SAB Nationalized 🤦‍♂️🤦‍♂️🤦‍♂️

What a waste...

The poor must get it not the rich wannabe PhD.

In economics world you can't invest where business is not growing, no consistency in regulating the product you're selling, stop you arrogance or do you sick attention

Idiot

How can government own an alcohol company? This is the very same product that is damaging their system !

Imagine having a partner who insults the president because he stopped the sale of alcohol.

But really? Nationalize SAB? Who on earth was this clown's PhD supervisor? This boy is a useless joke.

He was waiting for his boss to comment first

Uyagula lo

Another tweet by Dr.Know-Little. I swear that's what he has a degree in.These EFF clowns have been dead quiet about State Capture, looting& corruption & the missing R500 000B.I will not mention VBS. What business is SAB's decisions of theirs? NOBODY CARES WHAT YOU MORONS SAY.🎪🎪

It’s easy to say that when you getting a monthly salary with all benefits. Voestek EFF,

Who in their right mind would hand over their company to the South African govt

Is this news or an opinion piece for Ndlozi?

From this day forward I declare the EFFSouthAfrica the BMW club. Why? Because all they do is bitch, moan and complain. Guys, just a heads up. The PresidencyZA is right behind you.

I agree with SA breweries. Cut jobs because the covernment think they can control everybody and all businesses in SA. The corrupt government must explain why the SA breweries people do not have jobs any more. The government is responsible for the job losses.

Dummy

Mxm..these pseudo communists think money grows on trees. .when you destroy a company where do you think the money is going to come from. .just ridiculous

Put a clown suit on him....oh wait,he is just right!!!

Non investment (the cancellation of +\\- R5bn) is not the same as disinvestment (Capital leaving the country) but carry on, threaten “nationalization” & the difference will be apparent. It’s akin to killing to goose that lays the golden eggs. Can I have a PhD in economics please?

SAB 3rd largest contributor to Tax in SA. Govt bans them from selling their product and then MPs gave a go at them for pulling investment? How can you invest when there is no revenue? Nationalize the world's largest brewer? What a joke! Will only destroy it.

It’s a business not a charity

Mumpara of the year nominee right there!

He definitely bought his doctorate. Small man syndrome problem.

Is EFF still alive? I mean alive? Or are the leaders quarantined? Not that I miss them, not at all. Not until they return money yabo gogo no mkhulu. Abanye abantu abananhliziyo or unembeza

Please tell me this is FALSE NEWS you have got to be kidding me 😭😭😭😭

What an idiot serious .... dom ne

Clearly these guys smoke some serious potent dope🤔

So the government will be selling booze?

The EFF supports the ban on alcohol. They should thus celebrate that SAB decided not to invest a further R2.5bn. Instead they see it as undermining instead of supporting Covid efforts. And therefore they want to punish the decision by seizing SAB?! Superior EFF thinking?

I am not an EFF fan but you find it hard to call him Dr Ndlozi neh? Afraid to offend Steenhuysen?

So that they can also loot it like VBS.

Vote for EFF at your own risk, don't say I didn't warn you

It’s a private company fucknut... 🙄 How much did he pay for his fake degree?

I think is time Ndlozi cuts his hair,they might be too heavy for the brain to produce fresh thinking

Omg the EFF makes me laugh lol

Now they want to loot the brewery 🤣🤣🤣😅

Education and common sense are two different things

It will stop the abuse of liquor. There will be nothing to abuse. Our children will never believe us when we tell them of klipdrif and castle.

I call for Ndlozi to suck Julius's schlong. Wait too late.

Genius at work.

If I was them I would concentrate on overseas markets and get the ,,,, out of here.

He wants the Breweries nationalized? OMG! 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 Does he want alcohol banned, or nationalized? Does he have any idea how business works? How did he get a PhD? I just can't...

Mos when the alcohol industry took the single handed blame for the spread of COVID-19, opposition parties lost their voices. Now that possible business interests are being shaken its time for nationalisation? What about the hungry families of the affected employees 🤷🏿‍♂️

oh really lol so that govt can also make that business fail?

Create another pipeline for state capture...think well bro

Every thing nationalize has fail so far...they all in debt why destroy and burn down your house

Mr PhD strikes again..... Jessezzzzzz LOL 🤡🤣

Slow news day?

The should only deliver the beer to friends and family.

Didn't the EFF at some point criticize the reopening of alcohol sales during lockdown saying white people will be benefiting through while black people are excited to get drunk. So with nationalisation of SAB who do they think will be drinking that alcohol? Hypocrites

Weed is usually mixed cigarette to to tame it a bit.. so these boys looks like they puff it as it is. No vika Things that they are saying 👏

Nationalise SAB Because the government has been so successful in managing its other SOE's 🤔

My question is one how do you as a company invest money when you do have any revenue for almost a year... Please EFF tell me or what should they run at a loss

There wud be a beershedding

Leta have some fun shall we

Has any other country nationalised a brewery? It would also mean that this country contributes to alcoholism so jaut like a Raf their must be a abf alcohol abuse fund?

This is the EFFs dangerous mentality- if you oppose any draconian law or regulation as a private company, you'll be nationalised. If THIS isn't a clear indication on their way of thinking how governance should work...

VoetsekNdlozi VoetsekEFF

Good one SAB... Keep canceling the investment for as long as they ban the sale of alcohol...

Nationalise it to witness the collapse of a very successful industry.

😀😀😀😀😀

Free airtime.

🤣🤣🤣🤣🤣 Nationalisation by ANC government?.?is that a joke or what?

We don’t need any proof you couldn’t run a piss up in a brewery, we are all aware you can’t.

Mr Ndlozi stop 🚬 wrong things and focus. O tlogele go lora le mosegare. ✋✋✋🛑

Nationalize SAB? Are you off your fcking rocker?

😂😂😂😂Mr dumbass at it again I see.

🤣😂🤣😂 MbuyiseniNdlozi nationalise so that y’all can loot or what shiiiiii LMAO

Didn't some European company buy SAB na?

I think eff was supposed to score something from this

This article is as dumb and stupid as his opinion...

His alleged PhD was certainly not in Economics.

Someone should teach this MbuyiseniNdlozi doos how the world actually works..

Who cares what he thinks

Enough said 👇🏾

The alcohol industry is being handicapped. I understand it’s necessary, but you must also understand why they’re hesitant to invest billions while there’s no revenue being earning.

At the rate that SOCs are malfunctioning. Maybe Yes

Does his stupidity have no limits ?

Looking for free donations again🤔🤔🤔

SABreweries PresidencyZA I'm glad SAB has taken that route to cancel investments . So that many will become unemployed that's where Sans need to overthrow this KAK anc govt .

He may have highest degree but low in thinking! I now of the view that these degrees were freely given to the red berets or they threatened the institutions? It’s SAB money and they can do whatever they like

Why is it still called 'South african Breweries' if they were sold to AB Inbev - our wellbieng cant be dictated by american operated corporations

WHAT KIND OF ALCOHOL DOES THIS GUY DRINK?

Does SAB own the SARB?

The helpless leading the hopeless

Its their money, they can do whatever they like especially now, they are not making any profit.

Uzwe bathu 2.5 billion wacabanga uku loota uIceBoy

So the three stooges - Dumb (Fat Floyd) -Dumber - (Ice-Boy) and Dumbest (Julie-Arse) 😂😂😂😂 - they will lead to the land of Milk and Honey lol

The 30 % PhD is quite a stupid one .....

Wahaha, this is really funny. I suppose they now also want the boose for free.

🤣🤣🤣🤣🤣🤣

I thought they hated all capitalist companies listed on the JSE 🙄

Wonder where this guy got his degree they not think ,before they open there mouth.Shame ..this is what SA citizens paying there hard earn taxes on what a waste .😂😂😂What did they achieve for all this time in parliament.

Unxilile wena. For another VBS scandal to occur VoetsekEFF

Dom donner!!

Hey ice boy MbuyiseniNdlozi - SABreweries belongs to abinbev - catch a wake up VoetsekEFF

Covidiot !

He is tired of being ICE boy wa Malema

😂aai

stop eating garbage because all you talk is garbage.

Isiqatha nomqombothi are all nationalised

Punitive nationalisation. Thats pretty novel.

This man is drunk

Nationalise the SAB, I thought SAB is a private company hai let me tooool

A fool this one 🤮🤮🤮

And then Ab In Bev leaves with all the IP they acquired when they bough SAB... Now you have a brewery but can't actually use any of its products. You have to create new recipes and brands of alcohol.

This is really funny...Nationalise the brewery. Only the EFF would think this up. Good one guys, but maybe wait until April Fools Day to tell the joke

Nationalize and give us booze for free.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines