P&G’s vote of confidence in southern Africa’s consumers

By Nizar Manek, 19 March 2013
(Financial Times) --
Procter & Gamble, the US consumer product company, is taking a bet on continued strength in South Africa’s retail market with a R1.6bn ($174m) investment in new manufacturing plant it expects to start building next year. P&G said the project would create more than 500 jobs and manufacture goods for sale across southern and east Africa.
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