Home arrow Trade & Investment arrow Nestle to invest R300m in SA

Nestle to invest R300m in SA

Thursday, 27 July 2006
Nestlé SA plans to invest a further R300million in South Africa over the next three years, the local arm of the Swiss-based company announced on the eve of its 90th anniversary in the country.

The world's largest food and beverage firm was registered as a company in South Africa in 1916, 44 years after its first products arrived in 1872. Nestlé has 13 factories in the country, employing over 4 000 people.

Speaking to reporters in Johannesburg on Wednesday, Nestlé SA chairman and managing director Yves Manghardt said the company also planned to extend its business in southern and eastern Africa.

At present, about 85% of its R6-billion regional turnover comes from South Africa alone. "We shall start to balance the 85:15 equilibrium to make it 50:50, but not at the cost of South Africa," Manghardt told the SA Press Association (Sapa).

On black economic empowerment (BEE), Manghardt said his company was waiting for the BEE the charter for the food and beverages sector to be finalised.

At the same time, he noted that Nestlé has long been involved in empowerment-related activities in South Africa, such as setting up small businesses and other social responsibility programmes, especially in agriculture.

In its recently published "Nestlé Commitment to Africa Report", the company notes that it supports "a number of major projects in Africa aimed at reducing diseases such as HIV/Aids, also at reducing malnutrition and poverty.

"But Nestlé’s greatest contribution to Africa is through the impact of our core business, with responsible, sustainable operations that create jobs and catalyse entrepreneurship."

Archive: Investment

Go to SouthAfrica.info Source: SouthAfrica.info
The all-in-one official guide
and web portal to South Africa.

Share it!
South Africa Muti
Laak.it 24.com
Delicious
Facebook
Twitter
Stumble
Digg
NewsVine
YahooMyWeb
Reddit

Terms and Conditions of Use

COPYRIGHT South Africa - The Good News. All rights strictly reserved.

The views expressed on this website are those of www.sagoodnews.co.za and do not necessarily reflect the views of our sponsors.

No part of this website may be reproduced or transmitted in any form or by any means, electronic, or mechanical, or recording or stored in any retrieval system, without the written permission of the editor.
However, direct links to the site or articles may be used.

Should your company, or organisation wish to re-use or re-publish any content, contact the editor: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Latest News - Trade & Investment

Aus firms fast-tracks SA offshore gas project

Thursday, 06 February 2014

Saldhana Bay IDZ 'drawing strong investor interest'

Monday, 20 January 2014

Record year for South African wine exports

Thursday, 16 January 2014

Trade conditions recover

Wednesday, 13 November 2013

Weekly Blog

Sanitary Towels and Education - The 80 Day Difference

Author: Justin Foxton
Tuesday, 18 November 2014

article thumbnail In my work in some 150 rural schools I ‘discovered’ an unanticipated ‘barrier’ regarding school attendance for young girls, often exacerbated by unhygienic, sometimes unprivate, toilet facilities – that of sanitary wear. Justin Foxton is a regular blogger on SA - the Good News, he describes the seriousness of the situation and urges us all to get involved.  It is our hope that NGO’s working in schools will make it their business to...
Read more...

Travel Blog

The Hong Kong Umbrella Movement - Some Lessons for SA

Author: Kathryn Pennington
Wednesday, 26 November 2014

article thumbnail The other day I went for a walk around Occupy Central in Hong Kong (HK) and found it a moving experience, the Umbrella Movement as they call it - NOT the Umbrella Revolution!   
Read more...

Stories of Help

Showing Love Can Help - Heartbeat

Thursday, 19 June 2014

When Heartbeat was founded, it was estimated that by 2015 almost 6 million children would have lost one or both parents to HIV/AIDS. The overwhelming challenge of caring for orphaned and vulnerable children has placed a grave burden on communities. Heartbeat is dedicated to ease the burden on these children and provide them with material and emotional support.
Read more...

Latest Videos

Ted Talks - Julian Treasure: How to speak so that people want to listen


Have you ever felt like you're talking, but nobody is listening? Here's Julian Treasure to help. In this useful talk, the sound expert demonstrates the how-to's of powerful speaking — from some handy vocal exercises to tips on how to speak with empathy. A talk that might help the world sound more beautiful. 
Read more...

Steuart as a Speaker

article thumbnailSteuart has done some 500 talks on South Africa's progress since 1994 and SA's prospects for the future' Click here to watch a 5 min action video.

Go to Products for booking info.

SA's Daily Fast Fact

South Africa is the only African country that is a member of the G20.

Over the next 36 weeks we at www.sagoodnews.co.za will be telling the stories of "Amazing South Africans" who are driven by commitment and powered by purpose, and who very often swim against the tide in their pursuit of making a difference. They are driven by significance not success, their contribution is often unacknowledged and unheralded but invariably impacts those in greatest need.

Use-It: You Can Do Amazing Things With Waste!


article thumbnailEvery day, 6,000 tons of waste is thrown into Durban landfills: building materials, organic and electronic waste, paper, tires, etc. Most of this waste can be re-used or recycled at a local level to close the loop on the value chain. Use-It, a Durban-based company, aims to identify waste beneficiation in the eThekwini Municipal area that will help to divert waste from landfill and create employment in the green economy. Chris Whyte, managing director of Use-it, shows us how it...
Read more...

Join the many South Africans who are 'ledging' to make SA Better!

Read about the Invitation by clicking here...
or Join the Facebook FanPage

Connect To A Wealth Of Wisdom

  The SABLE Accelerator

A trusted knowledge network of global South Africans providing mentoring and consulting services to South African companies, entrepreneurs, and institutions seeking to fund or commercialise innovation, as well as enter, grow, and partner in worldwide markets.

CSI

South Africa, you’ve been NekNominated

It took one South African to turn an internet frenzy into a vehicle for change. South Africa, you've been RAK nominated.

 

Corruption Watch

Report corruption when you come across it. Our global ranking on public trust of politicians is 88/142, diversion of public funds 81/142; irregular payments and bribes 48/142; favoritism in decisions of government officials 114/142; wastefulness of government spending 69/142. Do your bit, report corruption at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or sms 45142 and join thousands of South Africans who are going to rid this country of the corruption scourge

Jobs Portal

As many of our readers, both local and international, are interested in what the job market has to offer, we have introduced a jobs portal in conjunction with  vjobs.co.za. It is our hope that this portal will meaningfully contribute to the challenges facing entrepreneurs, corporates and job seekers.

About SA The Good News

South Africa: The Good News is a news website that highlights the positive developments in South Africa.

We are an independent organisation, apolitical and with no agenda other than to source and publish good news about our beloved country. Read More...

Do you want to partner with us?

SA - The Good News has been in existence for 6 years and is read in 180 countries around the world, by some 60,000 unique users every month. We are South Africa's premiere source of good news. Our readers have proved beyond doubt that there is an appetite for what we do and that "good news" sells.
Read More...

Site managed by raramuridesign