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00:02Coca-Cola Company disclosed a planned investment of 17.6 billion South African rand,
00:08about $1 billion, in South Africa through 2030, according to a media report.
00:13A media report said the Coca-Cola system is planning a long-term investment in South Africa,
00:18reflecting confidence in demand and distribution growth.
00:22The investment will expand production capacity, strengthen distribution, and accelerate innovation.
00:27A Steward Red Queen study said the system contributed $51.2 billion in value-added economic activity in 2024
00:35and supported over 87,000 jobs.
00:39CEO Sunil Gupta said South Africa remains a strategic market.
00:43The announcement follows Coca-Cola HBC's deal to acquire a controlling stake in Coca-Cola Beverages Africa.
00:49For all things money, visit Benzinga.com.
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