South African Breweries (SAB) has cancelled a further R2.5bn of capital investment following the third ban on alcohol sales, bringing to R5bn the brewer’s cancelled capital expenditure in South Africa since alcohol sales bans were introduced in 2020. At the height of the second ban on the sale of alcohol in August 2020, SAB announced the cancellation of R2.5bn worth of South African investments for its annual capital and infrastructure upgrade programmes. At the time, the brewer said it would place a further R2.5bn of planned expenditure earmarked for the 2021 financial year under review, pending greater policy and regulatory certainty.