Coca-Cola and its authorised bottlers, Coca-Cola Beverages South Africa and Coca-Cola Peninsula Beverages, announced the investment in service of this goal.<\/p>\n\n\n\n
According to the group, the investment will support expanded production capacity, strengthen distribution and accelerate innovation across the Coca-Cola system\u2019s value chain.<\/p>\n\n\n\n
It is also a show of confidence in the country as an investment destination, as well as the strength of the South African market and its long-term economic prospects.<\/p>\n\n\n\n
\u201cOur R17.6 billion investment reflects our strong belief in South Africa\u2019s potential and our commitment to growing alongside the communities we serve,” Avellar said.<\/p>\n\n\n\n
“We hire locally, produce locally, distribute locally and, where possible, source locally, helping to build a stronger, more integrated economy in South Africa.\u201d<\/p>\n\n\n\n
The investment announcement follows the recent news of Coca-Cola HBC\u2019s agreement to acquire a majority stake in Coca-Cola Beverages Africa (CCBA).<\/p>\n\n\n\n
Coca-Cola HBC AG acquired a majority stake in Coca-Cola Beverages Africa in October 2025 for R45 billion, creating the second-largest bottling partner for the drink by volume globally. <\/p>\n\n\n\n
Coca-Cola HBC was founded in 1951 in Nigeria as the Nigerian Bottling Company. At the time of the acquisition, it operated in 29 countries on 3 continents.<\/p>\n\n\n\n
After buying 75% of Johannesburg-based CCBA<\/a>, <\/strong>it added 14 African markets to its portfolio.<\/p>\n\n\n\n Citing research by global consulting firm Steward Redqueen, the company said that its economic contribution to South Africa in 2024 amounted to R51.2 billion.<\/p>\n\n\n\n This is expected to grow as it continues to invest in local operations.<\/p>\n\n\n\n Through its value chain, the group said it supported over 87,000 jobs across sectors such as retail, agriculture, manufacturing, transport, and services. <\/p>\n\n\n\n This included 7,822 direct jobs within the Coca-Cola system, and an estimated 79,300 jobs supported through suppliers, partners and customers. <\/p>\n\n\n\n \u201cSouth Africa remains one of our most strategic markets in Africa\u2014the beginning of a legacy that dates back to Coca-Cola\u2019s first entry on the continent in 1928,” said Sunil Gupta, CEO, Coca-Cola Beverages Africa.<\/p>\n\n\n\n “These findings reaffirm the Coca-Cola system\u2019s role as a key driver of shared value and sustainable growth within the South African economy.”<\/p>\n\n\n\n Addressing the nation this week, Ramaphosa announced that the government was working towards a new private investment goal, seeking to mobilise R2 trillion by 2028.<\/p>\n\n\n\n He noted that the country began its investment drive in 2018, aiming to attract R1.2 trillion in new projects.<\/p>\n\n\n\n In the years that followed, the government secured pledges in mining, healthcare, automotive, food and beverage, and other sectors.<\/p>\n\n\n\n At the end of the first five-year investment mobilisation drive in 2024, investment exceeded the target by 26%, securing pledges valued at R1.57 trillion.<\/p>\n\n\n\n The president said the country is now prepared to showcase its renewed and more favourable position as an investment destination by extending the goal even further.<\/p>\n\n\n\n In addition to the R17.6 billion investment from Coca-Cola, other investments were announced at the conference.<\/p>\n\n\n\n This includes a R9 billion commitment from open-access fibre infrastructure group, Maziv.<\/p>\n\n\n\n This significant capital commitment, spanning the next 5 years, includes a dedicated pledge to create 10,000 direct and indirect jobs over 7 years.<\/p>\n\n\n\n The pledge follows the approval by the Competition Commission and ICASA of Vodacom\u2019s acquisition of a 30% stake in Maziv.<\/p>\n\n\n\n Other major pledges include a R10.4 billion investment by Toyota in KwaZulu-Natal to support the automotive sector\u2019s energy transition.<\/p>\n\n\n\n Meanwhile, Sasol committed R60 billion to modernising operations in Mpumalanga and the Free State.<\/p>\n","protected":false},"excerpt":{"rendered":" Iconic global drink giant, Coca-Cola, has pledged R17.6 billion in planned investment in South Africa over the next three and a half years.<\/p>\n","protected":false},"author":10,"featured_media":855579,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[1293,543,853],"class_list":["post-855569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-cyril-ramaphosa","tag-investment","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/855569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=855569"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/855569\/revisions"}],"predecessor-version":[{"id":855600,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/855569\/revisions\/855600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/855579"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=855569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=855569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=855569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}More investment to come<\/h2>\n\n\n\n
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