Elena Sergejeva/iStock via Getty Images Coca-Cola ( KO ) announced a major $1B (~R17.6B) investment plan in South Africa through 2030, involving the company and its local bottling partners. The funds will expand production capacity, improve distribution networks, and drive product innovation across the beverage company's value chain in the country. The investment will be executed jointly with loca...
Elena Sergejeva/iStock via Getty Images Coca-Cola ( KO ) announced a major $1B (~R17.6B) investment plan in South Africa through 2030, involving the company and its local bottling partners. The funds will expand production capacity, improve distribution networks, and drive product innovation across the beverage company's value chain in the country. The investment will be executed jointly with local bottling partners, underscoring Coca-Cola’s ( KO ) asset-light, franchise bottling model. The announcement came from Luis Felipe Avellar, president of Coca-Cola's Africa operating unit, at the South Africa Investment Conference in Johannesburg. "The research reveals that the Coca‑Cola system in South Africa, a broad network of local suppliers, distributors and retailers, contributed R51.2 billion in value-added economic activity in 2024." the company said in a statement . It also ties into broader African commitments, like a $1.2B continental investment from 2025 and $25M for water stewardship by 2030. South Africa remains a strategic hub within the company's broader Africa operations, where they have established a deep supply chain and manufacturing footprint. More on Coca-Cola Coca-Cola: Time To Play Defensive Coca-Cola: A Wonderful Business But Limited Return Expectation Coca-Cola: Insider Selling Could Be An Ominous Sign Growing pressures are reshaping the CPG landscape—Deutsche Bank Coca-Cola expands Fairlife production capacity amid strong demand
Two-thirds of teenagers are still on social media platforms included in the ban, according to the eSafety commissioner Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast When the age assurance technology trial released its final report before Australia’s under-16s social media ban came into effect last year, its first finding was: ag...
Two-thirds of teenagers are still on social media platforms included in the ban, according to the eSafety commissioner Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast When the age assurance technology trial released its final report before Australia’s under-16s social media ban came into effect last year, its first finding was: age assurance can be done privately, efficiently and effectively. Four months since the ban came into effect, we can say that was – to paraphrase Yes Minister – a courageous statement. Continue reading...
Oil futures extended losses after President Donald Trump again signaled the potential end to the Iran war that’s roiled markets, even as the Strait of Hormuz remains largely closed and more US troops arrived in the region. Brent oil futures fell below $100 a barrel for the first time in a week, while West Texas Intermediate was trading near $98 a barrel. Stock markets also jumped. Trump told repor...
Oil futures extended losses after President Donald Trump again signaled the potential end to the Iran war that’s roiled markets, even as the Strait of Hormuz remains largely closed and more US troops arrived in the region. Brent oil futures fell below $100 a barrel for the first time in a week, while West Texas Intermediate was trading near $98 a barrel. Stock markets also jumped. Trump told reporters that the US could leave Iran within two to three weeks , and indicated an agreement with Tehran may be reached but wasn’t necessary for the war to end. The president will give an address to the nation at 9 p.m. Eastern time on Wednesday to provide an update on Iran, White House Press Secretary Karoline Leavitt said.