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Alcohol ban: SAB, Heineken halt investment

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Beer-producing giants SAB and Heineken say they're halting investment and expansion into South Africa.

Last year, President Cyril Ramaphosa secured R200-billion in investment pledges for South Africa, among them from the alcohol industry.SAB has a 125 year-heritage as a local brand and says it values staff and suppliers.

But it has already lost 30% production in a year, and as a result, future job losses can't be ruled out.

 

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