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Two massively well-known global brands are pouring significant investment into South Africa, in moves that will empower local fintech start-ups and transform the food sector over five years.
PepsiCo launches Kgodiso Development Fund to help build a sustainable food system in South Africa
Food and beverage company PepsiCo today launched the Kgodiso Development Fund, a five-year, R600 million investment to help transform the food system in South Africa. It will look to create ‘shared value’ solutions that ultimately help build a sustainable food system by creating local employment opportunities and increasing local procurement and supplier diversity. “PepsiCo aims to play a bigger role in supporting activities that contribute to the long-term sustainability and resilience of South Africa’s food system,” says Tertius Carstens, CE...