For PepsiCo, tying up with Pioneer will allow it to distribute its own brands across Africa and select some of the Pioneer brands to distribute within its own global network. PepsiCo Finance South Africa Pty Ltd Pepsico Finance (South Africa) (Pty) Ltd was founded in 1994. Opinions expressed by Forbes Contributors are their own. According to PepsiCo, the deal is key to unlocking the potential of African markets for future growth, given macro-economic prospects and the affordability of many PepsiCo products. According to a public statement, Pioneer Foods has a “robust, locally relevant” product portfolio, with strong positions in cereals, juices, and other African nutritional food staples. The deal is also expected to enable PepsiCo to expand its sustainable farming program in Africa and work with local farmers and suppliers to help boost yields, improve livelihoods and preserve precious natural resources. In its last annual report, Pioneer noted increasing competition in the food sector in Africa as a result of a focus by many multinationals on growing their market share and penetration. Pioneer Foods is a manufacturer of cereals, juices and other products that are sold throughout the continent. Our full range of food and beverages are designed to bring a smile to anyone’s face, anytime, anywhere. Also, PepsiCo will almost certainly use the Pioneer Foods distribution network to launch some of its products in South African supermarkets, says Louw. Read: R24 billion later, Pepsi could finally have a fighting chance against Coke in South Africa – and maybe we’ll get Funyuns too Toggle navigation. Check out our new page for details on our beverage, food and everyday nutrition products. PepsiCo is not just a beverages business. To our PepsiCo frontline, and everyone on the frontline of the COVID-19 pandemic, thank you for all you’re doing. They are available in over 200 countries and territories and tailored to meet the tastes and preferences of our local consumers. PEPSI.com; USA keyboard_arrow_down. PepsiCo has agreed to pay $1.7 billion to buy South Africa’s Pioneer Foods, as the beverage giant looks to expand and accelerate its growth in sub-Saharan Africa. Explore Now . ... 552 products for "Pepsi" AMT - Ford C600 Pepsi Truck 1 25 Plastic Model Kit. Of that, 42.5 percent comes from outside of the United States. Supporting Local Communities Through COVID-19. There were short-term headwinds in some economies – including SA – but in the longer term Africa’s population growth required food and its rising living standards would result in higher buying power over time. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. As has been widely anticipated, PepsiCo has announced the appointment of SoftBev, the national soft drinks company, as its sole licensed bottler in South Africa, Lesotho and Swazilandand with distribution rights in … The company's line of business includes the operation of nonclassifiable establishments. Even if a product shows available in our locator, the product may not be on-shelf. He can be reached at douglasreports@yahoo.com, © 2020 Forbes Media LLC. Damage control, debt optimisation and revenue distress are common themes emerging from two major South African hospitality groups in the aftermath of COVID-19. Dive Brief: PepsiCo entered into an agreement to acquire South African company Pioneer Foods Group for $1.7 billion, reported Bloomberg. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation with Forbes Insights. 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