BevCo is engaged in the business of manufacturing and distribution of licensed PepsiCo Inc/ own-branded non-alcoholic beverages in South Africa BevCo has franchise rights from PepsiCo Inc. in South Africa, Lesotho, and Eswatini. Further, it also has distribution rights for Namibia and Botswana.
On Monday we noted that the market was under pressure. On Tuesday we said the market is struggling to head higher. On Wednesday, the market fell heavily with small- and mid-cap stocks getting crushed. In BSE 659 stocks advanced, 3177 declined and 86 remained unchanged, with an advance decline ratio of 0.20 on the Bombay Stock Exchange (BSE), indicating deeply negative closing of stocks in broader markets.
A Memorandum of Understanding (MoU) was signed between the Industries Department, Government of Jharkhand and PepsiCo s bottling company Varun Beverages Limited today at the Chief Minister s Residential Office in the presence of Chief Minister Hemant Soren,. On this occasion, Soren said that our
South Africa is the largest soft drinks market in the African continent, which is expected to grow at a CAGR of 5.3 per cent for the next four years till 2027.