AB-Inbev writes down $2.5bn in South Africa because of the alcohol ban

Brewer AB InBev has written down $2.5bn in South Africa to account for losses from the COVID-19 lockdown alcohol ban in South Africa. In Q2, which covers the first lockdown period, volume sales in sou9th Africa fell by 60%. Although the ban was lifted in June, it has since been re-instated, bringing more financial pain for alcoholics drinks companies. [...]
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