To support increased production capacity, Coca-Cola (KO.N) announced that its two authorized bottlers, Coca-Cola Beverages South Africa and Coca-Cola Peninsula Beverages, will invest 17.6 billion rand ($1.05 billion) in South Africa through 2030.
At an investment conference in Johannesburg on Tuesday night, President Cyril Ramaphosa set a goal of attracting 2 trillion rand in new investments over the next five years. Luis Felipe Avellar, president of Coca-Cola Africa, made the announcement.
Coca-Cola Africa stated that the investment will boost innovation throughout the “Coca-Cola system’s” value chain, support increased production capacity, and strengthen distribution.
