Consol Glass mulls reinstating R1.5 billion investment | Fin24

  • 📰 News24
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 80%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

For South Africa's biggest beverage glass manufacturer Consol, the bans on alcohol sales in the past year meant that it had to shelve its R1.5 billion expansion project of its glass production facility in Nigel. | Fin24

Packaging manufacturer Consol Glass may reinstate the R1.5 billion capital investment it had taken off the table due to the impact of liquor sales bans.

This comes as the bottling industry gradually picks up the pieces following the crippling impact of alcohol sales restrictions in 2020, including The bottling industry employs more than 26 000 people and contributes R11.8 billion to South Africa’s GDP.

 

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:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Consol investment back on the cardsConsol says the sale of glass bottles has returned to levels seen before the COVID-19 pandemic. ErinBrett1 I'm happy to join those who are sharing the good news about Dennis. I'm not persuading anyone to trade with him but i advise every investor to make the right choice with Dennismayson i got my withdrawal safely without any interruption. My wife is one of the buyers. Lots of people trying to start their own little business (again)? The never-say-die South Africans, despite the ANC government
Source: eNCA - 🏆 49. / 51 Read more »