Small businesses are set to benefit from the proposed merger between the soft-drink businesses of SABMiller, The Coca-Cola Company and Gutsche Family Investments. The two organisations will devout an R800m investment in developing entrepreneurs, as part of the Competition Tribunal’s conditions for the merger to be approved.
In a statement, SABMiller says that the agreed public interest conditions for the merger included creating a R400m fund for enterprise development in the agriculture value chain.
Another R400m has been committed to develop downstream distribution and retail capabilities with associated skills development and training. This is expected to create an additional 20,000 black-owned retailers. It also agreed to be 20% empowerment owned.
Hi I’m lucas Galane I’m having a business plan and a building to start a business but I need funds to buy fridges and other equipment