SA Breweries cancel capital and infrastructure upgrades
- 4 years ago
South African Breweries has cancelled 2.5 billion in capital and infrastructure upgrades for 2020, and is reviewing another 2.5 billion in planned investments for next year. It’s a massive blow to the economy. The company says it is a direct result of the ongoing alcohol sales ban that is threatening the livelihoods of over 100,000 people. SAB’s finance vice-president Andrew Murray speaks on this decision.