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PepsiCo launches Kgodiso Development Fund to help build a sustainable food system in South Africa

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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, 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.” 

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