SAB to resume investment in South Africa

A South African Breweries (SAB) truck leaves the Newlands Brewery in Cape Town.

Rodger Bosch / AFP

JOHANNESBURG - South African Breweries is to resume investment in South Africa.

In the last year, the brewer halted R5-billion worth of investments in the country due to multiple alcohol bans related to the COVID-19 lockdown. 

SAB will now be pumping R2-billion into several local projects set to be completed next year. 

READ: SAB cancels R2.5bn of SA investment

The funding will be channeled to several upgrades at its operating facilities and product innovation. 

The company says it is encouraged by the government's latest approach to the control of alcohol sales. 

Source
eNCA

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