SAB pulls another R2.5bn of SA investment
With a third complete ban on the sale of alcohol, the brewer has had enough
15 January 2021 - 11:04
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. ..
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