https://www.polity.org.za
Deepening Democracy through Access to Information
Home / Statements RSS ← Back
Africa|Building|Business|Innovation|SECURITY|Sustainable|System|Training|Services|Solutions
Africa|Building|Business|Innovation|SECURITY|Sustainable|System|Training|Services|Solutions
africa|building|business|innovation|security|sustainable|system|training|services|solutions
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

PepsiCo launches Kgodiso Development Fund to help build a sustainable food system in South Africa

Close

Embed Video

PepsiCo launches Kgodiso Development Fund to help build a sustainable food system in South Africa

Image of PepsiCo Executive Director, Diale Tilo
Photo by Supplied
PepsiCo Executive Director, Diale Tilo

16th March 2022

ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

/ MEDIA STATEMENT / The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za.

Food and beverage company PepsiCo today launched the Kgodiso Development Fund, a five-year, R600 million investment to help transform the food system in South Africa. It will look to create ‘shared value’ solutions that ultimately help build a sustainable food system by creating local employment opportunities and increasing local procurement and supplier diversity.

“PepsiCo aims to play a bigger role in supporting activities that contribute to  the long-term sustainability and resilience of South Africa’s food system,” says Tertius Carstens, CEO of PepsiCo Sub-Saharan Africa (SSA).  “The Kgodiso Development Fund will act as a catalyst to create local jobs, increase local procurement, build small businesses, support education and holistically contribute to black economic empowerment in South Africa.” 

Advertisement

The Fund has hopes to deliver a meaningful impact through its commitment to creating shared value solutions and transformation of supply and value chains. Although founded by PepsiCo it will be run as an independent Fund, with an Executive Director and a Board of Trustees. 

“The Kgodiso Development Fund will prioritise activities that supports the growth and scaling of  black-owned emerging farming enterprises and SMME businesses, promote regenerative agriculture practices and encourage the adoption of innovation to revitalise local production within South Africa's agriculture sector” explains Executive Director, Diale Tilo.

Advertisement

Tilo was appointed in early 2022, and brings with him a wealth of on-farm practical crop production experience, structured training and development, financing of agribusinesses and SMMEs across multiple sectors.

The Fund will allocate R300 million to agricultural development to assist black-owned emerging farming enterprises to upscale their  businesses and ensure that they are provided with opportunities to integrate into the value chain. “This will help transform the country’s agricultural landscape by developing a new generation of sustainable farming enterprises,” says Tilo

Additionally, R200 million will support education to enable initiatives that provide appropriate training and upskilling – thereby enhancing the skills pipeline in the country. Carstens says, “This will assist in unlocking the immense potential of South Africa’s human capital by addressing key skills and knowledge gaps in the food system”. Within this pillar, PepsiCo launched a Graduate and Future Leaders programme in 2021.

Finally, the Fund will allocate R100 million to SMMEs to provide incubation and technological support to those small businesses which can provide their goods or services to PepsiCo or its partners. “This investment looks to encourage unique innovation, increase competitiveness and drive economic inclusion by building  a pipeline of suppliers and entrepreneur networks, and by providing them a route to market,  business development support, funding and mentoring.”

The Fund is one of PepsiCo’s public interest commitments, made to government at the time of the acquisition of Pioneer Foods. In addition it forms part of the newly launched approach to strategic end-to-end transformation called PepsiCo Positive . Sustainability is the driving force of how the company will create growth and value by inspiring positive change for the planet and people. 

PepsiCo procures more than 1.5 million tonnes of local maize, wheat, potatoes, oats and raisins every year and employs approximately 13 000 people in 70 warehouses and 45 production facilities on the continent. 

“The establishment of this Fund, although independent, allows us to collaborate with like-minded partners, and develop solutions that address critical issues surrounding the region’s food security and hunger. We look forward to seeing the impact that these commitments have on helping us reach the shared goal of a thriving, resilient and sustainable food system in South Africa,” says Carstens.

 

Issued by  FleishmanHillard South Africa on behalf of PepsiCo

EMAIL THIS ARTICLE      SAVE THIS ARTICLE ARTICLE ENQUIRY

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now