Coca-Cola and its two authorised bottlers, Coca-Cola Beverages SA and Coca-Cola Peninsula Beverages, will invest $1.05bn (R17.86bn) in South Africa through 2030 to support expanded production capacity, the company says.
The announcement was made by Luis Felipe Avellar, president of the Coca-Cola Company’s Africa operating unit, on Tuesday evening at an investment conference in Johannesburg, where President Cyril Ramaphosa set a target of attracting R2-trillion in new investments over the next five years.
The investment will support expanded production capacity, strengthen distribution and accelerate innovation across the “Coca-Cola system’s” value chain, the company said in a statement.
Reuters
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.