SAB has cancelled a R2.5bn investment spend on infrastructure and new equipment following the government’s latest ban on alcohol sales.
The brewer, owned by AB InBev, also withdrew a R2.5bn spend in 2020 after a 12-week sales ban. SAB warned then that it was considering cancelling the R2.5bn in planned expenditure, which it has now confirmed. ..A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
This means the economy is going to start deteriorating as its expansions relies on investment capital
And now they start giving excuses instead of the sassa grants people rely on and they can't give more covid reliefs all because they think banning alcohol is the dream measure to curb the strain put on hospital beds. People are dying of hunger now
Voetsek