Beer-producing giants SAB and Heineken say they’re halting investment and expansion into the country. This comes as the alcohol ban takes its toll on liquor producers. Last year, President Cyril Ramaphosa secured R200 billion in investment pledges for South Africa, among them from the alcohol industry. But now producers are pressing pause and the question is: will they still invest after the ban's lifted?
Beer-producing giants SAB and Heineken say they’re halting investment and expansion into the country. This comes as the alcohol ban takes its toll on liquor producers. Last year, President Cyril Ramaphosa secured R200 billion in investment pledges for South Africa, among them from the alcohol industry. But now producers are pressing pause and the question is: will they still invest after the ban’s lifted?
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