The company launched a R1.7 billion employee share scheme in 2022 shortly after announcing a R600 million development fund to benefit local suppliers and support emerging farmers.
A year after the launch of the workers' trust – and two others to develop local communities and boost PepsiCo's local procurement – the company is already preparing to"beat the enemy red" and take its combined brands beyond SA borders.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.
Known to be one of the world's largest food and drink companies, PepsiCo now also owns brands like WeetBix, Liquifruit, Sasko, Bokomo cereals, Lays, Doritos and Simba chips. Moloto sees the group's South African business growing beyond SA borders.PepsiCo's Pioneer acquires remaining 50% stake in Futurelife
However, PepsiCo SA transformation director, Derick Appia-Kubi, calculated that participating workers stand to gain anywhere between R250 000 and R350 000 each over 17 to 20 years. That's because the employees will get"milestone" payments every five years that they remain employed in the company and participate in the scheme for as long as the trust exists.