{"id":28633,"date":"2022-04-05T19:48:08","date_gmt":"2022-04-05T19:48:08","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/pepsico-launches-r1-6-billion-employee-share-scheme-in-sa"},"modified":"2022-04-05T20:03:03","modified_gmt":"2022-04-05T20:03:03","slug":"pepsico-launches-r1-6-billion-employee-share-scheme-in-sa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/pepsico-launches-r1-6-billion-employee-share-scheme-in-sa","title":{"rendered":"PepsiCo launches R1.6 billion employee share scheme in SA"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Food and beverage company PepsiCo sub-Saharan Africa has launched Ba\u0161umi Trust, a R1.6 billion Broad-based Black Economic Empowerment (BBBEE) employee share ownership plan (ESOP).<\/p>\n

In a statement on Tuesday, PepsiCo said the trust is part of the conditions of the US group\u2019s R24 billion acquisition of local food and beverage producer Pioneer Foods in 2020.<\/p>\n

The trust owns R1.6 billion in shares in the US giant PepsiCo, which is listed on the Nasdaq in New York. The trust paid out its first dividend at launch.<\/p>\n

“Participation [in the trust] is unencumbered and each beneficiary will immediately enjoy dividends, (such as the maiden one just paid) which will provide much needed additional income for households,” said PepsiCo.<\/p>\n

Describing the structure of the trust as “novel”, PepsiCo SSA CEO, Tertius Carstens said: “Unlike a typical ESOP structured to distribute lump-sum payouts after a set vesting period, the Ba\u0161umi Trust, uniquely offers our employees the immediate financial benefit of a dividend together with the surety of future milestone distributions.”<\/p>\n

About 11 000 Pepsico employees are beneficiaries of the trust, which is governed by a board that includes three union appointed trustees. One of the trustees, Tumi Seitshiro, a PepsiCo employee, has been appointed to the company\u2019s board of directors as a non-executive director.<\/p>\n

Every beneficiary receives one unit in the trust and proceeds from the shares through annual dividends and milestone distributions. The beneficiaries will initially receive the milestone distributions after four years in the scheme and every five years thereafter.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Food and beverage company PepsiCo sub-Saharan Africa has launched Ba\u0161umi Trust, a R1.6 billion Broad-based Black Economic Empowerment (BBBEE) employee share ownership plan (ESOP). In a statement on Tuesday, PepsiCo said the trust is part of the conditions of the US group\u2019s R24 billion acquisition of local food and beverage producer Pioneer […]<\/p>\n","protected":false},"author":84,"featured_media":28632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[1161,274,315,1309,1310,1311,275],"class_list":["post-28633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-acquisition","tag-africa-press","tag-africa-press-south-africa","tag-food-beverages","tag-pepsico","tag-pioneer-foods","tag-south-africa-2"],"yoast_head":"\nPepsiCo launches R1.6 billion employee share scheme in SA - South Africa<\/title>\n<meta name=\"description\" content=\"Food and beverage company PepsiCo sub-Saharan Africa has launched Ba\u0161umi Trust, a R1.6 billion Broad-based Black Economi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pepsico-launches-r1-6-billion-employee-share-scheme-in-sa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PepsiCo launches R1.6 billion employee share scheme in SA\" \/>\n<meta property=\"og:description\" content=\"Food and beverage company PepsiCo sub-Saharan Africa has launched Ba\u0161umi Trust, a R1.6 billion Broad-based Black Economi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pepsico-launches-r1-6-billion-employee-share-scheme-in-sa\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-05T19:48:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-05T20:03:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/04\/img-624ca05a809c3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pepsico-launches-r1-6-billion-employee-share-scheme-in-sa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pepsico-launches-r1-6-billion-employee-share-scheme-in-sa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"PepsiCo launches R1.6 billion employee share scheme in SA\",\"datePublished\":\"2022-04-05T19:48:08+00:00\",\"dateModified\":\"2022-04-05T20:03:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pepsico-launches-r1-6-billion-employee-share-scheme-in-sa\"},\"wordCount\":270,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pepsico-launches-r1-6-billion-employee-share-scheme-in-sa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/04\/img-624ca05a809c3.jpg\",\"keywords\":[\"acquisition\",\"Africa Press\",\"Africa Press-South-Africa\",\"food & beverages\",\"pepsico\",\"pioneer foods\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pepsico-launches-r1-6-billion-employee-share-scheme-in-sa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pepsico-launches-r1-6-billion-employee-share-scheme-in-sa\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/pepsico-launches-r1-6-billion-employee-share-scheme-in-sa\",\"name\":\"PepsiCo launches R1.6 billion employee share scheme in SA - 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