Ann Crotty Writer-at-large

The Coca-Cola Company and the Competition Commission have agreed on conditions to ensure that the long, drawn-out restructuring of Coca-Cola Beverages Africa (CCBA) does not face delays at the Competition Tribunal. In addition to the normal employment-related conditions, Coca-Cola has committed to increase the black economic empowerment (BEE) equity stake in Coca-Cola Beverages SA (CCBSA) to 30% by no later than 2021. CCBSA, which had previously committed to a 20% BEE equity stake, said the 30% holding would include "an appropriate level of worker-employee ownership".

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