OTHER NEWS - June 7, 1994
From Times Staff and Wire Reports
PepsiCo Inc. to Return to South Africa: The soft drink giant, which pulled out of the country in 1985 because of anti-apartheid sanctions, said it will form a local bottling joint venture in which black investors will hold a majority stake, and that it plans to expand into other countries in the region. Pepsi would not disclose the value and certain other details of the investment, citing competitive reasons. Egoli Beverages, a U.S.-based partnership incorporating African American investors, will initially own 75% of the venture.
