Consol Glass halts R2.3 billion investment in South Africa due to alcohol ban

Consol Glass says it has suspended construction of a new R1.5 billion glass manufacturing plant in Ekurhuleni, Gauteng indefinitely, due to the reduction of the demand for glass products driven by the Covid-19 pandemic and government’s actions to slow its spread.

This has included bans on the sale of alcohol, and restrictions on all on-premise consumption in the restaurant and hospitality industry.

The group said in a statement on Tuesday (4 August), that the legal alcoholic beverages industry accounts for about 85% of sales in the glass packaging industry. On-premise consumption…

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