JOHANNESBURG - Coca-Cola Beverages Africa (CCBA) has announced that all the necessary regulatory approvals have been obtained in its acquisition of a 60 percent share in the soft drinks business of Eswatini Beverages.
The non-alcoholic ready-to-drink business in Eswatini, in which the remaining 40 percent is owned by Tibiyo Taka Ngwane, will be known as Eswatini Coca-Cola Beverages (ECCB) and will operate as a subsidiary of CCBA.
ECCB country manager Sanele Khumalo said very effort would be made to minimise disruption to customers.
“Eswatini customers will benefit from being part of a consolidated, successful Coca-Cola ecosystem that spans the continent, creating new opportunities for everyone across the value chain,” Khumalo said in a statement.
"Access to shared best practices will enhance efficiencies and a better distribution capability will provide pervasive availability of cold beverages to end-customers. We will also be able to respond to consumer demand more quickly.”