Nestlé South Africa has announced a new five-year, ZAR 2 billion (CHF 170 million) investment plan in the country and the appointment of Ian Donald as the company’s new Chairman and Managing Director.
The new investment will be focused on capacity building, general capital refurbishment, biomass boilers and converting Nestlé’s Mossel Bay dairy factory to a water neutral one. The new investment is in line with Nestlé South Africa’s existing investment plan.
“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. A South African citizen who has been with Nestlé for more than 40 years, Donald brings back to the country a wealth of experience in emerging markets. Prior to his return to South Africa, Donald was Market Head for Nestlé in the Equatorial African Region where he was responsible for 21 countries.
Nestlé South Africa is one of the country’s biggest food and beverage companies and Nestlé’s second biggest market in Africa.
The five year investment plan is expected to contribute significantly towards rural development in the country and enhance the company’s operations via increased efficiency and capacity.