South Africas sugar subsidies costs Coke business

02 December 1998

South Africa’s sugar subsidies costs Coke business

THE president of Coco-Cola Southern Africa is confident he can double business in the region by 2003 – but he believes South Africas costly subsidies to its sugar farmers are costing him business.

Don Knauss was speaking at a conference in the continent which was attended by William Daley, US commerce secretary.

Mr Daley, who is touring the region promoting trade, has warned southern Africa that increased foreign investment depended on the adoption of free trade and the ending of trade barriers.

  • Financial Times 02/12/98 page 9

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