Coca-Cola Co. and bottlers to invest in South Africa operations [Yahoo! Finance]
Coca-Cola Company (The) (KO)
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Source: Yahoo! Finance
Coca-Cola is making the cash injection alongside bottlers Coca-Cola Beverages South Africa (CCBSA) – a subsidiary of Coca-Cola Beverages Africa – and Coca-Cola Peninsula Beverages (CCPB). A statement yesterday (31 March) from Coca-Cola and the bottlers said the money will be used to "support expanded production capacity, bolster distribution and "accelerate innovation" throughout "the Coca-Cola system's value chain". Just Drinks has contacted Coca-Cola Co.'s business in South Africa for further details on how it plans to use the investment. CCBSA and CCPB have also been approached for more information. The statement added the move underpins "Coca-Cola's confidence in the South African market and its long-term economic prospects". Speaking at the South Africa Investment Conference in Johannesburg, where the news was announced, Luis Felipe Avellar, the president of Coca-Cola's Africa operating unit, said: "Our R17.6bn investment reflects our strong belief in South Africa's pote
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