S AFRICA: Johannesburg to house Coke regional HQ
Coca-Cola is moving the headquarters for its African operations from the UK city of Windsor to Johannesburg.
The US soft drinks giant said the move to South Africa will begin in January and is expected to be complete next June. The company labelled the move "a clear signal of its commitment to growing its business in Africa".
Alex Cummings, president and chief operating officer of Coca-Cola Africa, said on Friday (18 August): "The continent's improving infrastructure, particularly its airline network, mobile telecommunications, and modern business infrastructure, has turned it into an attractive investment destination."
He added: "South Africa is our largest market, contributing a substantial share of our revenues and the infrastructure is well-developed with connections to many destinations in Africa as well as direct flights to the US."
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