Coca-Cola Beverages SA (CCBSA), the local bottling partner of the US soft-drink giant, on Friday unveiled a multibillion-rand empowerment deal that will result in its nearly 8,000-strong workforce ending up with a 15% equity stake in the bottling group, as well as board representation, in what has been described as one of the largest worker ownership schemes unveiled in the country.

The empowerment transaction also includes provisions such as increasing sugar procurement from black farmers...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now