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.
The Restaurant Collective celebrated International Women s Day on 8 March to highlight the contribution South African woman are making to the SA and International restaurant industry.
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, CEO of PepsiCo Sub-Saharan Africa (SSA). “The Kgodiso Development Fund will act as a catalyst to create local jobs, increase local procurement, build small businesses, support education and holistically contribute to black economic empowerment in South Africa.”