Pursuits
SABMiller Shuts South Sudan Unit on Foreign Currency Deficit
- SABMiller to stop production in South Sudan by end-March
- Brewer says operation has lost 'tens' of millions of dollars
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SABMiller Plc will close its brewing operations in South Sudan, the only beer factory in the world’s youngest country, by mid-February as a foreign-currency shortage curtails its ability to import raw materials.
The company will cut as many as 176 jobs by the end of March, said Carlos Gomes, the managing director of South Sudan Beverages Ltd. The brewer has failed to make a profit in the war-torn country since setting up the nation’s first brewery in 2009, he said in an interview in October.