Blacks invest $15 million in Pepsi venture: South African firm will be black-owned and black-managed.

Black EnterpriseVol. 25 Nbr. 5, December 1994

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Summary


New Age Beverages

African American investors raised $15 million to finance New Age Beverages, a Pepsi bottling company to be built in Johannesburg, South Africa. The new company will focus its marketing on the black townships.

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Extract


Blacks invest $15 million in Pepsi venture: South African firm will be black-owned and black-managed.

South African firm will be black-owned and black-managed

A group of prominent African-American investors has raised $15 million for a bottling company in South ...

See the full content of this document

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