US beverage and snacks giant PepsiCo is banking on its empowerment commitments in SA to grow its business to other sub-Saharan countries. PepsiCo estimates that beneficiaries of its employee share scheme will gain between R250 000 and R350 000 each over 17 to 20 years. Some of you will have braais, and Pioneer Foods and PepsiCo products find themselves on all those occasions." READ | PepsiCo's Pioneer acquires remaining 50% stake in FuturelifeMoloto said that the empowerment commitments that the company made in 2020 will be a big catalyst for this growth. Staff in its empowerment scheme have hit their first milestone payment, which is significantly larger than the annual dividends.

Source: News 24 July 22, 2023 18:37 UTC