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COVID-19 alcohol ban hurts Distell’s full-year earnings

The alcohol industry has been through quite a roller coaster ride, since March this year. COVID-19 alcohol sales bans, led to job cuts, loss in taxes and a thriving black market. Releasing its full year results, South African-based global drinks company Distell reported a decrease of 64 per cent in earnings. Distell CEO, Richard Rushton CNBC Africa for more.

Tue, 01 Sep 2020 14:12:50 GMT
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