News

Coca-Cola Beverages South Africa launches local and traditional multiple ownership project

May 1, 2019

Coca-Cola Beverages South Africa (CCBSA) will be launching their local and traditional multiple ownership project at two outlets in the KwaMashu and Inanda area on Thursday, 2 May 2019.

The local and traditional sector is historically 100% black South African owned and where black entrepreneurship is believed to have begun. Things have changed drastically in the past two decades, with the influx of foreign traders and modern trade into the local and traditional market.

“We have taken a decision to assist the South African trader and offer them opportunities that will allow them to grow their businesses, expand into multiple ownerships and ultimately compete with the foreign trader from a more equal position,” says Nolundi Mzimba – CCBSA Regional Public Affairs and Communications Manager.

How CCBSA is offering assistance to South African traders towards their second stores:

  • Rental if applicable (3 months only)
  • Point of Sale machine to assist them in managing stock and cash flow
  • Flash machine or equivalent cashless solution
  • We will also stand surety with a wholesaler for initial start-up stock costs to the total of R20 000. This needs to be revolving credit and will last 6 months only.
  • Access to funding – part government small business grant as well as access to SEFA/STD loans with low interest rates (amount dependent on customer needs & affordability )

“The aim is to assist a minimum of ten South African shop owners in opening at least one additional shop in 2019,” Mzimba concluded.

Ends

Notes:

Times and venues

10h00 at Yizo Yizo Tuckshop, 135 Nyala Road, KwaMashu

12h00 at Funeka Inn (opposite Hlengimpilo Primary), Inanda

About CCBSA

Coca-Cola Beverages South Africa (CCBSA) is a proudly South African company which began operating as a legal entity in July 2016, after the merger of six non-alcoholic ready to drink bottling operations. We employ over 7000 people at 13 manufacturing facilities across the country.

As a subsidiary of Coca-Cola Beverages Africa (CCBA) and a bottler for The Coca-Cola Company, our vision is to refresh Africa every day and make our continent a better place for all. We manufacture and distribute Coca-Cola beverages that make life’s everyday moments more enjoyable, while doing business the right way. The result is shared opportunity for our customers, our employees, our communities, and our shareholders.

We conduct our business ethically, transparently and conscientiously. We espouse an inclusive business culture to reflect our African identity. We accelerate sustainable, profitable revenue growth across all categories and offer an innovative portfolio of products that respond to customer needs and consumer preferences. Profitability is important, but not at any cost. People matter. Our planet matters. We do business the right way by following our values and partnering for solutions that benefit us all.

For media enquiries, please contact:

Jessie Moodley

T: 031 508 3315

M: 083 278 3424

E: JMoodley2@ccbagroup.com