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Ndlozi calls for nationalisation of SAB

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Mbuyiseni Ndlozi has called for the nationalisation of SAB, in light of the alcohol company withdrawing the R2.5 billion investment it was initially going to invest into COVID-19 research.

The Economic Freedom Fighters’ (EFF) Mbuyiseni Ndlozi took to Twitter on Monday, 18 January 2021, to share a series of the tweets expressing his views on the current topical matters. One such matter was that of South African Breweries’ (SAB) retaliation to the continued alcohol ban, which it has been fighting since President Cyril Ramaphosa announced it in December 2020.

The SAB has threatened to withdraw the R2.5 billion investment that it had committed towards COVID-19 research and the vaccine acquisition. This comes after SAB highlighted the reduced excise tax that the government will collect because of the continued alcohol ban. While the company threatened the non-payment of excise tax, the EFF’s stance was to offer the company bailouts due to the implications of the return to lockdown Level 3 regulations.

Ndlozi stated, “The best solution is to nationalise SAB. We cannot be irritated by a company that was complicit in apartheid crimes and is now dedicated to undermining national efforts to fight the COVID-19 pandemic. SAB’s offensive is murderous: seeking to make money on dead bodies! Fools!”

See the post below.

Sabelo Makhubo
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