SAB pulls another R2.5bn of SA investment
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. ..