SAB pulls another R2.5bn of SA investment

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South Africa News News

With a third complete ban on the sale of alcohol, the brewer has had enough

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.

 

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we have seen this already we still dnt care....or maybe ke promo?

Good ! 👌

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