Alcohol ban: SAB, Heineken halt investment

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

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Beer-producing giants SAB and Heineken say they're halting investment and expansion into South Africa.

Last year, President Cyril Ramaphosa secured R200-billion in investment pledges for South Africa, among them from the alcohol industry.SAB has a 125 year-heritage as a local brand and says it values staff and suppliers.

But it has already lost 30% production in a year, and as a result, future job losses can't be ruled out.

 

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:

 /  🏆 49. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines