Coca-Cola plans to invest $1 billion in South Africa through 2030
Coca-Cola and its two authorized bottlers, Coca-Cola Beverages South Africa and Coca-Cola Peninsula Beverages, will invest R17.6-billion in South Africa 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 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, Coca-Cola Africa said in a statement.
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