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JD Group to sell off finance unit in R4.6bn deal

19/12/2014 - 09:20

JD Group will sell its loss-making consumer-finance business to a BNP Paribas unit for R4.6 billion in cash, allowing it to focus on furniture sales. Steinhoff International Holdings, which owns 86 percent of JD Group, had “irrevocably undertaken” to vote in favour of the deal, the Johannesburg-based company said in a statement.  

The price will be finalised when the sale to RCS Cards, which BNP bought in August, goes through. “This will add to the strategic repositioning and growth of its retail operations,” the company said in the statement. Customers will have “access to credible and affordable consumer finance via its relationship with R... 

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Avon settles over bribe probe - USA

19/12/2014 - 09:12

New York - US authorities have fined the international cosmetics seller Avon Products $135m to settle a corruption probe in C...

SA escapes credit rating downgrade

19/12/2014 - 09:09

Ratings agency Fitch on Friday affirmed SA’s long-term foreign and local currency ratings at BBB and BBB+ respectively, and...

Big petrol price drop expected

18/12/2014 - 10:03

International oil prices have dropped steeply and motorists are set for a fuel bonanza in the new year, the Automobile Associ...

SA to start nuclear procurement process

18/12/2014 - 09:56

Johannesburg - A "critical milestone" has been reached in South Africa's plans to build new nuclear power stations, the presi...

Financial sector ‘sound but vulnerable’

18/12/2014 - 09:53

SA needs a more competitive financial sector with a number of new, smaller banks entering the market to help lower costs, par...

Liqui-Fruit’s Cranberry blend gets even cooler with its ne...

Liqui-Fruit has added its Cranberry Cooler fruit juice blend to its 2L brick pack range. According to Beverly Wilson, Liqui-Fruit’s marketing manager, Cranberry Cooler, one of the most popular and versatile flavours will soon be available in this new 2L format due to an increase in demand. READ MORE

A new Delheim Family Chenin Blanc hits SA wine scene

Delheim, the notable wine estate of the Sperling family outside Stellenbosch, has introduced its brand new Family Chenin Blanc 2014 to the local wine scene – an eloquent, lightly wooded rendition of this faithful varietal. READ MORE

Simba and All Gold Tomato sauce team up to introduce a great...

Two of South Africa’s iconic food brands, Simba and Tiger Brands All Gold Tomato Sauce, have joined forces to launch Simba All Gold Tomato Sauce flavoured potato chips. READ MORE

Cape Cookies’ 200g Mini range now on shelf

Cape Cookies fans can now look forward to a selection of their favourite cookies in a convenient, bite size cookie, in a 200g pack – the perfect treat for all occasions. READ MORE

Ceres offers more of nature’s goodness in a sleek new look

Renowned for its unique and masterful fruit juice blends, Ceres has enriched eight flavours in its 100% premium fruit juice range with fruit cells and the entire range is being simultaneously presented in sleek new packaging. READ MORE

SA‘s First Organic Purée in a Pouch

From Wellington in the Western Cape, the first South African organic fruit and veg purée in a pouch is here with Pure' Organic Mini Meals™. READ MORE

Hottest talent in Hartenbos this summer

Some of the best in Afrikaans talent will be raising the temperature at Hartenbos, close to Mossel Bay, at the annual December festival hosted by the ATKV (Afrikaans Language and Culture Association). READ MORE

Zetes helps Médecins Sans Frontières monitor Ebola patient...

Médecins sans Frontières (MSF) is launching a project at its largest treatment centre, in Monrovia (Liberia), to monitor patients infected with the Ebola virus. READ MORE

How to use your Pick n Pay smart shopper card as a holiday s...

We can all use a little extra boost in the run-up to the holiday season, and Pick n Pay’s smart shopper reward card has just the way to help you stretch the festive fun a little further. READ MORE

Cotton On opens world’s largest store in Kwa-Zulu Natal

As Cotton On continues to grow its global footprint, the Australian-based retailer remains committed and invested in expanding its South African fleet, opening its largest ever store on 12 December in Kwa-Zulu Natal’s Gateway Shopping Centre. READ MORE

Retail set to go bi-polar in 2015, says service expert

This coming year both desperation and salvation are on the cards in the retail industry and other consumer sectors, according to Aki Kalliatakis, one of South Africa’s leading consultants on customer service. READ MORE

Woolworths expands Africa footprint, with a new store in Gha...

Woolworths has opened a new store in Accra’s upmarket West Hills Mall, the retailer’s second store in Ghana. At 555 square metres, the new store is large enough to meet growing Ghana’s demand for Woolworths’ modern product offerings. READ MORE

Liqui-Fruit’s Cranberry blend gets even cooler with its new 2L packA new Delheim Family Chenin Blanc hits SA wine sceneSimba and All Gold Tomato sauce team up to introduce a great tasting South African flavourCape Cookies’ 200g Mini range now on shelfCeres offers more of nature’s goodness in a sleek new lookSA‘s First Organic Purée in a Pouch

Liqui-Fruit’s Cranberry blend gets even cooler with its ne...

Liqui-Fruit has added its Cranberry Cooler fruit juice blend to its 2L brick pack range. According to Beverly Wilson, Liqui-Fruit’s marketing manager, Cranberry Cooler, one of the most popular and versatile flavours will soon be available in this new 2L format due to an increase in demand. READ MORE

Hottest talent in Hartenbos this summerZetes helps Médecins Sans Frontières monitor Ebola patientsHow to use your Pick n Pay smart shopper card as a holiday season helperCotton On opens world’s largest store in Kwa-Zulu NatalRetail set to go bi-polar in 2015, says service expertWoolworths expands Africa footprint, with a new store in Ghana

Hottest talent in Hartenbos this summer

Some of the best in Afrikaans talent will be raising the temperature at Hartenbos, close to Mossel Bay, at the annual December festival hosted by the ATKV (Afrikaans Language and Culture Association). READ MORE

BLOGS

FMCG companies need to re-examine channel roles and structures

Guest blog by Sane Mdlalose, associate consultant at Aperio, a business consulting company focused on accelerating growth of FMCG brands in South Africa and Sub-Saharan Africa. - READ MORE

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Mpumalanga wine lovers should not miss the sixth FNB Mpumalanga Wine Show – to be held for the first time at the newly refurbished Southern Sun Emnotweni Aren... 
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Savour the best of Stellenbosch at the 2015 Stellenbosch Wine Festival
From 30 January to 1 February 2015, visitors to the Stellenbosch Wine Festival will again be able to experience the very best of what this popular wine region h... 
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Ho Ho Ho…off to Gabriëlskloof young and old should go, when this prominent wine estate, perched high on the outskirts of Bot River in the Overberg, dons its ... 
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