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Flash Briefing: Alcohol ban threatens more jobs, hammers glass industry; booze ban arrests; Sibanye; Truworths

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by January 18, 2021 Financial News

In today’s headlines:* The alcohol ban is hammering South Africa’s glass packaging industry, which could lose a further R1.5bn in sales;* Acting on tip-offs, police have been cracking down on restaurants serving alcohol in contravention of Covid-19 regulations;* Global stock markets sank on Monday as soaring Covid-19 cases offset investor hopes of a quick economic recovery;* Truworths was one of the best performers at the start of the week, gaining about 15% even though it has warned of a profit drop. …

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Author: BizNews The Daily Insider

This article was originally posted on BizNews.

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