Coca-Cola and its two authorised bottlers, ​Coca-Cola Beverages South Africa ‌and Coca-Cola Peninsula Beverages, will invest 17.6 billion rand ($1.05 billion) ​in South Africa ​through 2030, to support expanded ⁠production capacity, the company ​said.

The announcement was made by Luis Felipe Avellar, president of Coca-Cola Africa, on Tuesday evening at an investment conference in Johannesburg, where President Cyril Ramaphosa set a target of attracting 2 trillion rand in new investments over the next five years.

The investment will support ​expanded production capacity, ​strengthen ⁠distribution and accelerate innovation across the "Coca-Cola system's" value chain, ⁠Coca-Cola ​Africa said ​in a statement.