Nestle raising investment in South Africa

Nestle raising investment in South Africa

Nestle has announced plans to step up its investment in South Africa and appoint Ian Donald, formerly CEO of equatorial Africa, to the post of chairman and managing director.

Nestle said it will invest ZAR2bn over the next five years in building capacity, capital refurbishment, biomass boilers and converting Nestle's Mossel Bay dairy to a water-neutral footing.

The company said the increased investment is in line with its current investment plan in South Africa.

"Nestlé believes in Africa as an investment destination and part of our ongoing investment will include increasing capacity for our coffee factory in Estcourt, Kwa-Zulu Natal with the aim of creating a coffee hub for the region," said Donald.

Donald succeeds Sullivan O'Carroll who will retire at the end of September 2014.

For our prior interview with Donald on Nestle's growth plans in equatorial Africa, click here.