Coca-Cola Deepens South Africa Bet With $1 Billion Spending Plan

After almost a century of operating in South Africa, Coca-Cola Co. is deepening its investment in the market with a fresh 17.6 billion-rand ($1 billion) commitment to expand capacity and distribution through 2030.

Coca-Cola, together with two local authorized bottling partners Coca-Cola Beverages South Africa and Coca-Cola Peninsula Beverages, said Tuesday it will use the new funding to “accelerate innovation.”