Breakingviews - Corona Capital: Pollution, African beer, SAP

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Catch up with the latest pandemic-related financial insights, from Chinese air quality to alcohol bans in South Africa, in the latest edition of Corona Capital:

Empty tables are seen at a beer garden in the popular Waterfront district, normally teeming with foreign tourists, during the coronavirus disease outbreak in Cape Town, South Africa, August 25, 2020.SHADES OF GREY. The pandemic had a silver lining for China. Lockdowns and stuttering economic growth have helped to reduce pollution across the country. The concentration of harmful PM2.

IT’S THE BOOZE TALKING. South African Breweries could benefit from a more sober response to Pretoria’s latest lockdown alcohol ban. The beer giant, downed by top global brewer Anheuser-Busch InBev for a cool $106 billion in 2016, is challenging the sales restrictions in court and has now yanked 5 billion rand in planned investment. Making matters worse, some of that spending was a legal requirement agreed in the merger to maintain local jobs and production.

 

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