Coca-Cola Beverages sells Appletiser to black-owned African Pioneer Group

Coca-Cola Beverages (South Africa) announced on Monday that it has sold a 17.5% stake in Appletiser to black-owned investment holding company African Pioneer Group.

African Pioneer Group has interests in fishing, gaming, beverages, mining, engineering and energy.

Coca-Cola Beverages (South Africa) also sold a 4% stake to black empowerment partner Sipho Excellent Madlala.

Appletiser has been an iconic South African brand for half a century.

It was created by French-Italian immigrant Edmond Lombardi in 1966 in the Elgin Valley of the Western Cape.

For more detail about this sale; listen to the audio below.

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
51 inventions that created the modern economy

51 inventions that created the modern economy

Economist Tim Harford discusses his book “50 Things That Made the Modern Economy” and the shortlist for the “51st thing”.

Egypt ousts SA as Africa’s top investment destination

Egypt ousts SA as Africa’s top investment destination

The Money Show’s Bruce Whitfield interviews Celeste Fauconnier, co-author of RMB’s “Where to Invest in Africa” report.

ENCA’s ‘Know more, judge less’ campaign is awesome

ENCA’s ‘Know more, judge less’ campaign is awesome

The Money Show’s Bruce Whitfield interviews branding and advertising expert Andy Rice.

Sasfin CEO opens up about dumping KPMG

Sasfin CEO opens up about dumping KPMG

The Money Show’s Bruce Whitfield interviews Sasfin CEO Roland Sassoon.

Springboks and Bafana Bafana got you down? Watch eSports! It's (way) more fun…

Springboks and Bafana Bafana got you down? Watch eSports! It's (way) more fun…

Bruce Whitfield interviews Gareth Woods from Good Game Well Played and Nick Holden of African Cyber Gaming League.

How to avoid a horror story when buying software for your business

How to avoid a horror story when buying software for your business

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

Popular articles
Opinion:  Bishop Lekganyane is right

Opinion: Bishop Lekganyane is right

Stephen Grootes weighs in on comments made by the Zion Christian Church Bishop at the weekend.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Makhabane says Ncwane was feeling weak yesterday and his wife phoned paramedics to check on him.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

'Collect experiences, NOT possessions!' - Paul Theron (Vestact MD)

'Collect experiences, NOT possessions!' - Paul Theron (Vestact MD)

Bruce Whitfield interviews the razor-sharp tongued Vestact MD Paul Theron about his money hopes, fears, successes, failures, etc.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?