Major beverage deal to quench BEE thirst
The empowerment transaction also includes provisions such as increasing sugar procurement from black farmers
07 February 2021 - 00:03
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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.