Coca-Cola and its two authorised bottlers, Coca-Cola Beverages South Africa (SA) and Coca-Cola Peninsula Beverages, will invest R17.6 billion ($1.05 billion) in SA through 2030, to support expanded production capacity, the company said.
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 SA President Cyril Ramaphosa set a target of attracting R2 trillion ($119 billion) 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, Coca-Cola Africa said in a statement.
–Reuters–
