South African Township Taverns Face Ruin From Second Booze Ban

South Africa’s latest ban on alcohol sales is likely to force 35,000 bar owners in the poorest communities into bankruptcy, according to industry bodies representing the country’s biggest drink makers, Bloomberg News reported. The decision to abruptly prohibit the retail of booze for a second time since March is aimed at reducing alcohol-related hospital admissions while surging coronavirus cases put a strain on emergency wards. Still, the economic fallout could be severe, groups including the National Liquor Traders Council and the Beer Association of South Africa said in a statement...“The government’s decision has serious economic consequences, placing hundreds of thousands of livelihoods at risk,” said the industry bodies, which count Anheuser-Busch InBev NV, Heineken NV and Distell Group Holdings Ltd. among their members. Read more