EFF MP Mbuyiseni Ndlozi is the latest member of his party to voice his opinion about SA Breweries (SAB) after the liquor company canceled a further R2.5bn investment reserved for this year following the third ban on the sales and distribution of alcohol.
SAB canceled R2.5bn of planned expenditure after a second alcohol ban was imposed last year. The cancelled investments were for upgrades to operating facilities, product innovation and new equipment at selected plants.
According to SAB’s vice-president of finance Richard Rivett-Carnac, the decision to pull the plug on the investment was prompted by the third alcohol ban and the impact it has on the company’s business.