PepsiCo has announced a partnership with the Kgodiso Development Fund and FoodBev Manufacturing SETA to form the Mzansi Black Business Accelerator programme.
In particular the initiative will provide grant funding, loans on preferred rates, wraparound services, and training for 50 entrepreneurs to establish and grow food service businesses that will generate additional household income. “Programme participants will receive grant funding and loans on preferred rates to set up a vending machine business. In addition to the funding, participants will receive mentorship and training in various aspects of running a foodservice business. This includes understanding the location strategy for the vending machine, product mix management, and financial management,” PepsiCo highlighted in a release sent to Hypertext.
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