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SAB said it had cancelled R2.5bn in investments for 2020 and another R2.5bn was being reviewed for 2021.
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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.
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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.
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Liquor industry says govt should prepare to lift ban on sale of alcohol
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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.
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