Heineken, the world's number two brewer, said it recorded a net loss of 204 million euros ($247 million) in 2020.

 

Food industry colossus PepsiCo and faux-burger makers Beyond Meat announced an alliance to cook up plant-based snacks.

 
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Last year Heineken cancelled a R6-billion investment to build a new brewery in South Africa.

 

Badly hit by the on-off restrictions on the hospitality sector, Heineken said it aimed to cut personnel costs by 20%.

 

A massive 21,000 job losses are anticipated in the local wine industry.

 

A massive 21,000 job losses are anticipated in the local wine industry.

 

The General Industries Workers Union of SA is demanding a 16 percent wage increase.

 

Beer-producing giants SAB and Heineken say they’re halting investment and expansion into South Africa.

 
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Beer-producing giants SAB and Heineken say they're halting investment and expansion into South Africa.

 

The South African wine industry says it's lost close to R450-million a week during the lockdown.

 
 
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