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Glonghui April 1｜Coca-Cola and its two authorized bottlers—Coca-Cola Beverages South Africa and Coca-Cola Peninsula Beverages—plan to invest 17.6 billion rand (approximately $1.05 billion) in South Africa by 2030 to support expanding production capacity. Luis Felipe Avellar, President of Coca-Cola's Africa business unit, announced this news at an investment conference in Johannesburg on Tuesday evening. Meanwhile, South African President Cyril Ramaphosa has set a target to attract 2 trillion rand in new investment over the next five years.

However, due to the impact of the war launched by the United States and Israel against Iran, input prices (factory costs) continue to soar. The war with Iran has effectively closed the Strait of Hormuz, cutting off the transportation of crude oil and other products critical to manufacturing, directly driving a spike in oil prices. The ISM manufacturing input price sub-index has risen to 78.3, remaining at its highest level since mid-2022; over the past two months, the index has increased by a total of 19.3 points, marking the largest rise in nearly a decade. Higher input costs may force U.S. manufacturers to raise their selling prices, indicating that overall inflation will be even hotter throughout the year.ExpandRelated articles:U.S. manufacturing expansion hits strongest level since 2022, soaring input costs intensify inflation concerns

Glonghui April 1st｜Western Digital and SanDisk rose over 10%, Micron Technology rose 8%, Seagate Technology rose over 7%, Silicon Motion Technology and Everpure rose over 4%, and Rambus rose 3%.