South Africa: Coca-Cola to invest $1 billion by 2030

Coca-Cola, the US-based soft drinks giant, has announced that its Coca-Cola system intends to invest $1 billion in South Africa by 2030. The system, comprising regional division Coca-Cola Africa and local bottling partner Coca-Cola Beverages South Africa (CCBSA), will focus the capital on expanding manufacturing and distribution capacity.

According to the company, the investment follows a period of significant economic contribution, with the system reportedly adding 51.2 billion ZAR ($2.8 billion) to South Africa’s gross domestic product in 2024. The system further claimed to support 8,000 direct employees and more than 100,000 jobs across the broader value chain.

Luisa Ortega, president of Coca-Cola Africa, commented: “This investment is a testament to our belief in the potential of South Africa’s economy and our commitment to its future”.

Source: FoodBev / Bizcommunity / Manufacturing Digital