Lack of hard currency forces SSBL to lay off employees

The South Sudan Beverages Limited, SSBL, says it is going to scale down its operations due to lack of hard currency.

The company produces beer, soft drinks and spirits.

The Managing Director, Carlos Gomes, says about 100 workers will be affected by the move.

He says they will be asked to take leave until the company gets hard currency to continue the operations.

“The current financial situation that the country finds itself in, as regards to the access to hard currency at the forex, has put us in a very delicate predicament,” Mr Gomes said.

He said getting raw materials which are mainly imported, has greatly affected the company.

“There is no appetite from them [foreign suppliers] to continue to take further risk in extending additional credit for us,” he added.

South Sudan Beverages Limited has more than 400. Some of them are foreign nationals.

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