PepsiCo is investment in its empowerment commitments in South Africa to expand its business to other sub-Saharan countries.
- The company launched a R1.7 billion employee share scheme in 2022 to benefit local suppliers and support emerging farmers.
- PepsiCo estimates that beneficiaries of its employee share scheme will gain between R250 000 and R350 000 each over 17 to 20 years.
- The merger with Pioneer Foods in 2020 paved the way for one of SA’s largest empowerment deals.
- PepsiCo now owns brands like WeetBix, Liquifruit, Sasko, Bokomo cereals, Lays, Doritos and Simba chips.
- The company intends to grow its business beyond South Africa’s borders.
- PepsiCo has invested R600 million to develop local supplies and support emerging farmers in SA, which it foresees playing a big part in its expansion beyond SA.
- PepsiCo believes that with an extended local supplier base and dedicated employees benefitting from its empowerment initiatives, it will be a much bigger force to be reckoned with in Africa in the next five years.