SAB turns investment tap off over booze ban

The country's biggest brewer said last week that it would challenge the alcohol ban in court, saying the measure was unconstitutional

17 January 2021 - 00:11 By

Anheuser-Busch InBev's South African division cancelled a further R2.5bn investment after the government banned alcohol sales for a third time to control a resurgence of coronavirus cases.

The move brings the amount of spending called off by South African Breweries (SAB) to R5bn since the Covid-19 pandemic began to take off in the country 10 months ago...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

Questions or problems? Email or call 0860 52 52 00.