Clover Mama Afrika, Clover’s CSI project, is proud to announce the appointment of Gail Koeberg who runs the Quegal Restoration & Refuge Centre in Magaliesig, Gauteng. Gail Koeberg joins the 44 appointed Mamas who collectively care for almost 13000 children and nearly 1 800 elderly people, many of which are abused, orphaned, homeless and vulnerable.
Clover Mama Afrika, Clover’s CSI project, celebrates its 14th birthday this October. As we celebrate this milestone, we look back at some of the success stories that have resulted in Clover Mama Afrika becoming the most recognised corporate social investment project in South Africa, with a total of 22 awards under its name, which include the prestigious Trialogue Strategic CSI Award.
Clover Mama Afrika, Clover’s CSI project, together with their valuable supplier MiX Telematics, a leading global provider of fleet and mobile asset management solutions, have once again showed their support by assisting a Clover Mama Afrika.
With Youth Day around the corner, it has come time for South Africa to remember the passion that has brought everyone this privilege and the sacrifice that has allowed South Africans this powerful society. Clover Mama Afrika, Clover’s CSI project, not only wants to celebrate the youth but wants to empower them to create a nation united, skilled and loved by each other.
Superbalist.com launches its Click and Collect service in time for peak season shopping
14/11/2018 - 16:09
Customers use the service by choosing “Collection” when they check out on the Superbalist website or app. They are provided a pin code via email and sms and take that to their chosen Takealot Pickup Point within 7 days of delivery - orders arrive within 2-4 days of purchase.
Food prices dip in October
05/11/2018 - 13:37
International food commodity prices dipped in October, as falling dairy, meat and vegetable oils prices more than offset a surge in sugar prices, according to the United Nations.
3 ways smart technology can help your business save water
02/11/2018 - 09:01
When it comes to the key elements we need to survive, water is at the top of the priority list. While it’s easy to find alternative sources to generate energy for businesses to run, it’s near impossible to increase our access to fresh potable water when it’s already so limited. This is why technology is essential for business success, allowing businesses the ability to grow and make smarter water decisions.
Builders opens 3 new stores
30/10/2018 - 13:36
Builders is on a continual drive to deliver enhanced customer experiences through innovation within the DIY, Home Improvement and building materials sector. October 2018 has seen the opening of three stores which carry the new Builders aesthetic.
SA brands start the countdown to Black Friday
29/10/2018 - 11:12
The days are getting longer and hotter, suburban South Africans are firing up their braais and the malls will soon be filled with the sounds of Boney M. Yes, it’s nearly time for the festive shopping season, preceded by Black Friday, an imported tradition that South African shoppers have made their own. With a few weeks to go before Black Friday on 23 November, technical goods retailers and manufacturers are scrambling to get ready.
Sugar content in UK yoghurts “well above” recommended levels
02/10/2018 - 08:33
The sugar content of the majority of yoghurts sold in the UK is “well above” recommended sugar levels, according to research conducted by online journal BMJ Open.
Impairments push Clover into a full-year loss
12/09/2018 - 13:07
Consumer goods and products producer Clover swung to a loss in the year to end-June, as the sudden resignations of the CEO and chair of Dairy Farmers of SA (DFSA) forced the group to write down the R439m revolving credit facility it had extended to the subsidiary.
PriceCheck Tech & E-commerce Awards: Meet SA’s best
04/09/2018 - 13:43
The third annual PriceCheck Tech and E-commerce Awards sponsored by Criteo was held last week at Cape Town's Westin Hotel. The event brings together and recognises brands and individuals in e-commerce and technology providing outstanding consumer experiences.
Clover’s earnings to rocket
13/08/2018 - 09:41
Clover’s share price climbed 4.11% after it said it expected a threefold increase in full-year headline earnings per share.
Millennials still prefer in-store experience
23/07/2018 - 14:57
Millennials still prefer to shop in-store compared to online despite the high street’s woes, according to the largest ever fashion study conducted in the age group.
Robots will replace humans in retail, says China's JD.com
18/07/2018 - 09:45
Chinese e-commerce company JD.com predicts robots will eventually replace human workers in the retail industry.
Trade wars turn up the heat on local consumers
11/07/2018 - 09:24
South African consumers face more pain from potential global trade wars and fuel increases, global payments company Mastercard said in a statement.
Edgars parent to close Boardmans, La Senza and other chains in recovery plan
06/07/2018 - 07:39
Edcon Holdings’ latest recovery plan includes closing chains including Red Square cosmetics and La Senza lingerie and attempting to lure their customers to its flagship Edgars clothing stores.
The SACSC announces new president
29/06/2018 - 13:11
Property sector stalwart Stephan Le Roux has been appointed as the new South African Council of Shopping Centres (SACSC) president.
Drastic drop in bottled water sales, as Capetonians become more self-sufficient
18/06/2018 - 13:46
The massive spike in Cape Town’s bottled water sales, which increased by 118% in December and January after the announcement of Day Zero, has dropped drastically and some outlets are selling stock at half-price to clear the shelves.
Nestlé Mossel Bay factory goes drought-friendly by extracting water from milk
18/06/2018 - 13:34
A milk factory in Mossel Bay has revolutionised its production processes by switching to an approach that will nearly eliminate its reliance on municipal water.
Spar turns its problem Swiss acquisition profitable
30/05/2018 - 08:43
South African sales would have been higher were it not for the listeriosis outbreak, CEO Graham O’Connor says.
Majority of SA online shopping is done at the office
18/05/2018 - 14:48
More men buy goods online than women in SA and peak shopping time happens during working hours.
Distell and Capevin to complete merger
15/05/2018 - 14:17
The long-standing holding company structure between Capevin and liquor brands giant Distell will officially be dismantled at the end of May.
Decrease in pork price makes it top pick for consumers
04/05/2018 - 09:52
With the continued decrease in the price of pork whilst other meats trend higher, consumers who are feeling the pinch are most likely to settle for pork as an alternative.
Maerua Mall celebrates all moms this May
03/05/2018 - 09:50
This May, Maerua Mall celebrates Mother’s Day – the time of year we honour and thank the moms who changed us, clothed us, fed us, put band-aids on our ‘einas’, taught us the difference between right and wrong, and sacrificed their own comfort and happiness to make our lives better.
Momentum builds for Pick 'n Pay's own label
23/04/2018 - 08:51
The retailer has set its sights on 30% own-product penetration as it builds a supplier base.
Woolworths and MySchool shine light on literacy in SA
16/04/2018 - 11:38
Every festive season, Woolworths and MySchool MyVillage MyPlanet embark on a special drive to raise funds in order to make a meaningful life-long impact on children in need. Over December 2017, for the second year in a row, they raised funds for Shine Literacy.
Amazon Fashion prioritising high-value inventory
28/03/2018 - 11:29
Amazon's U.S. Fashion website offers more than 880,000 products across almost 2,800 brands for both men and women. But a majority of the marketplace's sales are still from third-party sellers, as just 13.7% of products are sold by Amazon. And Amazon's focus for its first-party inventory appears to be on higher-end fashion, according to recent aggregated data.
Woolworths’ cheese makes history with two SA Dairy Product of the Year Awards in a row
26/03/2018 - 10:47
Parmalat’s 10-months Mature Gouda, made especially for Woolworths, was crowned the South African Dairy Product of the Year for the second year in a row at the Agri-Expo Qualité Awards Gala Dinner on 23 March 2018 at GrandWest. This achievement is a first for the SA Dairy Championships, celebrating its 185th year of existence.
Target steps up water reduction efforts
22/03/2018 - 14:44
Target has created a plan that will help the company better manage its water usage.
Embrace cross-border e-commerce, says DHL
15/03/2018 - 09:04
Cross-border retail volumes are predicted to increase at an annual average rate of 25% between 2015 and 2020.
Coca-Cola to launch its first alcoholic beverage
08/03/2018 - 11:28
Coca-Cola has confirmed that it will be launching an alcopop-cooler style drink in Japan.
Clover’s drive towards more than just milk
07/03/2018 - 11:42
Clover industries’ operating margins took a positive turn with the group taking a shot at adding more products into its market, which is proving to be welcomed by South African consumers.
Dr. Oetker and Molkerei Gropper set to form joint venture
01/03/2018 - 10:34
Dr. Oetker and Bavarian dairy group Molkerei Gropper have announced they will form a joint venture company in order to increase production capacity for their respective markets.
Woolworths pins its hopes on the Ramaphosa effect
23/02/2018 - 08:59
Woolworths has pinned its recovery on SA’s new political leadership under President Cyril Ramaphosa as the retailer’s woes have prompted it to cut its interim dividend for the first time in eight years.
Nestle Nigeria invests $11.4m to open new beverage plant
21/02/2018 - 16:22
Nestlé Nigeria has opened a new beverage production plant in Ogun state, Nigeria, following an NGN 4.1 billion ($11.4 million) investment.
Tiger Brands’ shares fall after it warns of declining revenue
21/02/2018 - 11:06
Fast moving consumer goods group says meaningful recovery depends on an improvement in the consumer environment.
Retail disruptors - debunking the myths
20/02/2018 - 15:32
The success of retail disruptors lies in their delivering a top-notch customer experience as opposed to making over-investments in hot technologies.
How to build and establish trust with customers globally
19/02/2018 - 14:12
The relationship you establish with your consumers is vital, especially when it comes to understanding how they are engaging with your brands. A survey by SAP Hybris, takes a look at what makes a relationship work between a brand and its consumers.
Dis-Chem revenue increase driven by store roll-out
16/02/2018 - 10:15
Dis-Chem’s revenue for the 22 weeks to February rose 13.1% to R8.5bn despite it battling increasing competition in a weak economic climate and labour issues.
Häagen-Dazs releases new ice cream flavour for Valentine’s Day
12/02/2018 - 10:30
Ice cream company Häagen-Dazs has launched a new limited-edition Cherry Blossom ice cream for the UK market in the run-up to Valentine’s Day.
SAB to provide free water from brewery's spring in event of Day Zero
09/02/2018 - 13:56
Free water bottled at Newlands brewery will be available at up to 300 shops in Cape Town if Day Zero arrives‚ executives at South African Breweries (SAB) said.
Shoprite’s Disaster Relief Fund to be used exclusively for water relief
06/02/2018 - 09:34
As parts of the Western, Eastern and Northern Cape remain in the grips of the worst drought in a century, the Shoprite Group has heeded the call of South Africans to help Cape Town and other communities that will soon be left without water through its till-point donation facility.
Coca-Cola to provide millions of litres of water to Cape Town
01/02/2018 - 09:58
Coca-Cola Peninsula Beverages (CCPB), in partnership with the Coca-Cola Foundation and participating suppliers are in the process of finalising the details to provide millions of litres of relief water to the Western Cape Province and City of Cape Town.
Cape Town retailers prepare for water stockpiling ahead of day zero
29/01/2018 - 11:38
With the imminent arrival of Day Zero, Capetonians have been dashing to the stores to stockpile water for when taps run dry.
Budweiser symbol reveals if beer is made using renewable energy
25/01/2018 - 07:52
AB InBev aims to brew all of its Budweiser beers using 100% renewable electricity by 2025 as it unveils a new symbol on its packaging that indicates when the beer is made using green energy.
Sainsbury's joins ban on energy drink sales to under 16's
22/01/2018 - 16:09
UK supermarket Sainsbury’s has become the latest UK retailer to ban the sale high-caffeine energy drinks to under 16s.
Milk price hits four-year high
18/01/2018 - 09:08
The producer price for milk reached R5,10/ℓ to R5,20/ℓ in December, its highest level since 2014, according to the Milk Producer’s Organisation (MPO).
Basson takes up nonexecutive role at dairy group Clover
16/01/2018 - 10:48
Whitey Basson is back in the driving seat months after his exit from Shoprite, accepting an offer to become an independent nonexecutive director of JSE-listed dairy group Clover.
Colman's Mustard could cut ties with Norwich as Unilever mulls closure
05/01/2018 - 13:37
Colman’s Mustard could be on the brink of severing its historical links with Norwich after Unilever said it was reviewing the future of its factory in the city.
Sugar tax effect smaller than thought, says Pioneer Foods
21/12/2017 - 14:29
The health promotion levy, or sugar tax, will not be as negative for beverage producers as has been initially expected, Pioneer Foods says in its latest integrated report for 2017.
Transpaco to buy FPM’s packaging business
19/12/2017 - 13:36
Paper and plastic packaging group Transpaco says it will buy Future Packaging and Machinery (FPM) for up to R105m.
Shoprite renovates safe house for 21 children
04/12/2017 - 14:00
Emma Makhatini’s residence in Blue Downs, also known as the Ethembeni Educare & Children’s Care Centre, is home to 21 children who call her ‘mommy’. As a widowed pensioner, Makhatini could not afford to upgrade her security, which put her at risk of losing her Department of Social Development (DSD) registration.
Green shoots visible for Tongaat after devastating drought
13/11/2017 - 12:05
Tongaat Hulett, SA’s largest sugar producer, is starting to see the positive effects of the end of a devastating drought that hit its operations in KwaZulu-Natal, Zimbabwe, and Mozambique.
How brand giant Unilever uses consumer-generated content
27/10/2017 - 09:12
For a corporation as huge as Unilever - the firm has 400 brands and turned over €52.7 billion last year - it’s hard to imagine more customer reviews of its mayonnaise or cotton bud products making a huge difference to its bottom line.
Producer inflation springs an unpleasant surprise
26/10/2017 - 16:17
Producer prices accelerated even faster than expected in September, adding to the growing expectation that the Reserve Bank will not cut interest rates when it meets in November.
Shoprite prepares to control Ugandan retail market
25/10/2017 - 15:33
As Nakumatt Holdings Limited struggles for a lifeline in a financially-constrained market, Shoprite supermarket is adopting a new expansion plan to boost its presence.
The great textile turnaround
11/10/2017 - 09:33
Earlier in 2017, Minister in the Presidency for Planning, Monitoring and Evaluation Jeff Radebe highlighted the textile and clothing industry as one of the sectors where the economy could most effectively be bolstered.
Shoprite opens 14 new stores, creates 820 new jobs in one week
28/09/2017 - 14:55
The Shoprite Group created more than 820 new job opportunities with the opening of 14 new stores across 6 different provinces in South Africa.
Marketers fear data quality is hurting digital ads
19/09/2017 - 16:08
Relevant, personalised messages are key to driving engagement, yet the quality of sourced data is negatively impacting results.
Some positives in tough year for Clover
13/09/2017 - 13:19
Clover Industries was savaged on all fronts in the year to June. Prolonged drought was followed by a wetter, cooler summer, which affected beverage sales. At the same time, rand volatility was compounded by SA’s ugly political environment.
Prolonged drought and volatile rand squeeze Clover
12/09/2017 - 17:18
Dairy and foods group Clover reported a dismal set of results, as expected after last week’s trading update, with sharp drops in profit at almost all levels.
Evian aims to deflect water criticism by going carbon neutral
12/09/2017 - 15:17
Evian aims to become the first major spring water brand to go carbon neutral amid criticism that packaging water from the French Alps and transporting it around the world in plastic bottles causes unnecessary environmental damage.
Clover lowers earnings outlook, on effects of drought and rand
07/09/2017 - 13:23
Food, beverage and dairy group Clover has warned that earnings will be worse than previous guidance, as it reels from the after-effects of the 2015-16 drought and volatility in the rand, which inflated input costs.
Shoprite investors approve R1.7bn repurchase of Whitey Basson’s shares
05/09/2017 - 14:43
Shoprite shareholders voted in favour of the purchase of about R1.75bn of shares from former CEO Whitey Basson, enabling Africa’s largest food retailer to buy at a discount to the current share price.
Edcon returns to profit in June quarter
21/08/2017 - 08:36
SA’s largest clothing and footwear retailer Edcon swung into a trading profit in the first quarter of its new financial year despite a deterioration of the operating environment, says CEO Bernie Brookes.
Spree wins CXA Digital Innovator Award for first image search shopping feature in Africa
18/08/2017 - 10:18
The judges for the 2017 Customer Experience Awards (CXA) recently announced that online fashion retailer, Spree has won the Digital Innovator Award for its launch of the first image search shopping feature in Africa.
Canada's Aldo Group in deal to create new footwear giant
04/08/2017 - 15:37
Another retail sector continues to consolidate.
How to create a customer journey map
01/08/2017 - 10:28
The output of the customer journey mapping process is the map itself – a practical and visual document that should be able to communicate a number of things.
Parmalat reports 4.6% decrease in sales volumes
31/07/2017 - 12:42
Italian dairy and food manufacturer Parmalat has reported that the group's sales volumes decreased by 4.6% in the first six months of 2017.
New Coca-Cola CEO James Quincey delivers strong results
28/07/2017 - 11:22
Coca-Cola’s profit, in its first quarter under new CEO James Quincey, beat analysts’ estimates on higher demand for its healthier non-carbonated beverages as well as low- and no-sugar versions of its sodas.
Rémy Cointreau posts 8% organic growth in first quarter
24/07/2017 - 09:57
Drinks giant Rémy Cointreau has posted organic growth (at constant currency levels) of 8.0% in the first quarter of its financial year, driven by a strong performance by its group brands (+12.3%).
Why you need to put yourself in your customers’ shoes…or pants…or jackets
21/07/2017 - 09:29
The growing number of customer touchpoints has made creating and implementing effective marketing strategies harder than ever. In fact, Hubspot's State of Marketing 2017 shows only 61 percent of marketers believe their marketing strategy is effective. This means that 39 percent of marketers are deploying ineffective strategies.
Tesco rolls out contactless loyalty cards
18/07/2017 - 13:15
Tesco has started introducing contactless loyalty cards to customers.
Amazon sets sights on new retail segment
18/07/2017 - 09:06
The online giant has submitted a trademark application that will enable it to enter the meal kits business. The move will directly rival meal kit provider Blue Apron, according to CNBC.
Coca-Cola Beverages Africa acquires Equator Bottlers
07/07/2017 - 08:56
South Africa-headquartered Coca-Cola Beverages Africa Proprietary Limited (CCBA) and Africa’s largest Coca-Cola bottler - announced today that it has concluded negotiations to acquire Equator Bottlers, the third largest Coca-Cola bottler in Kenya.
Few cheers from the market for Clover’s new structure
06/07/2017 - 10:27
Food producer Clover’s share price fell 4% to R16.30 on Thursday morning after it announced it had completed moving control of its milk trading arm to dairy farmers.
CCBSA to lift production at Appletiser 82%
27/06/2017 - 16:23
Economic Development Minister Ebrahim Patel received a first-hand view of local benefits flowing from the creation of Coca Cola Beverages SA (CCBSA) when he visited the Appletiser plant in Elgin.
Uptick in April retail sales figures ‘not sustainable’
15/06/2017 - 13:09
Despite a grim performance in the first quarter, SA’s retail sector surprised on the upside in April, though depressed consumer confidence is expected to keep retailing constrained.
The Body Shop to be sold in $1 billion deal
12/06/2017 - 10:19
It appears that L'Oreal has settled on a buyer for The Body Shop.
Clover drops after earnings warning
30/05/2017 - 09:38
The company's higher input costs are behind the expected 65% decline.
Edcon shuts stores in bid to save sales
29/05/2017 - 15:35
Edcon shuts some doors to ward off retail cannibalisation.
Grant Pattison to lead Edcon from June
26/05/2017 - 15:34
Current CEO Bernie Brookes’s contract, which was to expire in September, has been extended until the end of January 2018.
40% of online grocery purchases in UK made on mobile
23/05/2017 - 09:47
About 40 percent of all online grocery purchases made in the United Kingdom are done using a mobile phone. Online grocery shopping in the UK is also quite popular, as 7 percent of all grocery shopping is done online. That’s more than Spain, the Netherlands and the Czech Republic combined.
Wal-Mart earnings dip but sales rise at its US stores
19/05/2017 - 15:42
New York — Wal-Mart Stores scored another increase in sales at its US Walmart stores according to first-quarter results released on Thursday, but earnings dipped on higher expenses.
Tesco introduces shopping filter app for customers with diets and intolerances
17/05/2017 - 15:06
British retailer Tesco has announced a partnership with Spoon Guru to help its customers with specific diets and tastes to quickly and easily find suitable food when shopping.
Astral slashes interim dividend as it battles high input costs
15/05/2017 - 09:16
Poultry producer says the results were due to its inability to recover record high feed prices and a loss in sales volumes ‘under extremely difficult market conditions’
Amazon continues brick-and-mortar push
09/05/2017 - 17:04
The nation’s capital has been added to the list of cities that will soon feature an Amazon Books store.
Google’s latest tool aims to help retailers find new customers
05/05/2017 - 15:59
Google recently rolled out similar audiences for search and Google Shopping, which enable merchants to find consumers similar to their existing customers.
New retail report reveals South Africa's most customer-centric retailers
26/04/2017 - 12:20
A recent survey conducted by the global leaders in customer science, dunnhumby, titled the Customer-Centricity Index (CCI) reveals that South Africa’s most successful apparel retailers are those with a high focus on ‘customer-centricity’ defined as focusing on creating a positive customer experience by placing your customer in the centre of your retail decisions. According to the recent study, the local retailers that scored the highest on their overall customer-centricity score include Fabiani, Woolworths, H&M, Miladys, Markham, Cotton On and Mr Price.
Walmart in talks to purchase another online fashion retailer
18/04/2017 - 10:41
Walmart reportedly is about to make its fourth e-commerce acquisition in seven months as the chain continues to beef up its online arsenal and fashion offerings against Amazon.
Tesco to report a return to financial health
11/04/2017 - 10:58
After £6.4bn loss two years ago the supermarket chain is set to announce bigger than expected jump in profits.
SA's economy must change‚ says Gigaba
10/04/2017 - 09:36
Call it radical or accelerated economic growth but it all boiled down to inclusive growth‚ new Finance Minister Malusi Gigaba said in Pretoria last week.
Astral Foods’ earnings to be lower, but still better than expected
04/04/2017 - 15:50
Astral Foods’ headline earnings per share (HEPS) for the six months ending March 31 will be between 50% and 60% lower than that for the previous comparable half-year, but better than the group expected in an earlier trading statement.
Pernod Ricard wins Randstad Award for 'Most Attractive French Company'
31/03/2017 - 10:13
Pernod Ricard has been named the ‘Most Attractive French Company for People Aged 18-24’ following a survey conducted by market research and market information group, Kantar TNS.
Manufacturing sector confidence falls on policy uncertainty
28/03/2017 - 13:53
Policy uncertainty continues to affect the manufacturing sector, rattling business confidence.
A beginner’s guide to marketing attribution in an omnichannel world
24/03/2017 - 16:27
Attaining the attention and loyalty of today’s always-on, distracted customer is becoming a significant challenge for businesses as they compete in a highly mobile and digitised marketplace. According to Aberdeen Group Inc., companies that have a strong omnichannel customer engagement strategy in place retain nine in 10 of their customers (89%), compared to only a third for companies that do not (33%).
Instagram to roll out shopping feature after successful trial
24/03/2017 - 16:11
Instagram has announced plans to roll out its shopping options within the image-sharing app.
Astral and RCL shares soar after crackdown on Brazilian meat imports
23/03/2017 - 13:30
The share prices of South African chicken producers Astral and RCL soared on Thursday following the government’s crackdown on Brazilian meat imports.
Plan to stave off water war in SA
22/03/2017 - 09:55
Former World Bank vice president Ismail Serageldin famously predicted that "the wars of the 21st century will be fought over water".
Clover caught between drought and embattled consumers
01/03/2017 - 09:22
Dairy products group says rising raw milk prices and constrained consumers put it under pressure during the first half of its financial year.
Three Spar stores opened in Azerbaijan capital
21/02/2017 - 10:18
The capital city of Azerbaijan, Baku, was host to the grand openings of three new Spar stores at the end of 2016, Spar International has announced.
Amazon files patent for parachute-aided drone deliveries
16/02/2017 - 12:15
Amazon has filed a patent for its drones to deliver online purchases with the aid of parachutes.
SA shoppers feel the love on Valentine's Day
14/02/2017 - 23:04
South African shoppers feel the love on Valentine’s Day, spending more than ever on the romantic day of the year.
Supporting the success of a home-grown South African Spaza economy
06/02/2017 - 15:20
Since the mid-1970s and continuing into the present day, spaza shops have not only been the backbone of South Africa’s township economy, but they are the most visible and vivid scenery depicting the vibrancy of township life. They are symbols often illustrating the dichotomy in South Africa’s economy. These make-shift retail spaces in residences often stands in stark contrast with consumer landscapes of the formal economy such as malls.
Mondi CEO to retire in May
01/02/2017 - 12:13
Cape Town - Mondi Group CEO David Hathorn informed the boards of his decision to retire and Peter Oswald, executive director and CEO of the Europe & International Division, will succeed him on 11 May at the AGM.
Clover refines milk plan
31/01/2017 - 08:26
The company plans to help milk producers pursue a 'volume growth strategy' through new special purpose vehicle Dairy Farmers SA.
Tru-Cape getting a bigger piece of the cherry pie
30/01/2017 - 15:28
Despite Ficksburg's self-proclaimed position as South Africa’s Cherry Capital, the Free State might soon have to fight for its crown as Ceres in the Western Cape is increasingly getting a bigger piece of the cherry pie.
Shoprite profits come roaring in
30/01/2017 - 14:22
Despite a tough local market, Shoprite has edged its rivals and its rest of Africa play is going swimmingly
Clover warns of sluggish trade in festive season
19/01/2017 - 09:17
Clover’s December 2016 trading volumes were markedly lower than for December 2015, the dairy company said. This pushed the share down 6.62% by the close on Wednesday.
Walmart settles same-sex spouse benefits discrimination suit
09/12/2016 - 11:50
Walmart has agreement to a settlement in a lawsuit that accused the retailer of discrimination against gay employees who were unable to get healthcare coverage for their same-sex spouses.
Pernod Ricard champagnes awarded for sustainability
21/11/2016 - 10:17
The French ministry for agriculture has awarded the Pernod champagne brands G. H. Mumm and Perrier-Jouët Haute Valeur Environnementale classification, reflecting the sustainable development measures implemented in their production.
L'Oréal awarded ‘A’ grade for water management
18/11/2016 - 16:44
Cosmetics company L'Oréal has been placed on the ‘Water A List’ by the Carbon Disclosure Project for its sustainable management of water.
Vasari concludes acquisition of KWV, takes aim at strategic growth opportunities
14/10/2016 - 14:51
Johannesburg, South Africa – 14 October 2016: Vasari, a leading consumer-focused investment group has completed the acquisition of South African wine and spirits producer KWV Group’s operational assets for ZAR1.15 billion. The acquisition, announced in May 2016 was finalised after securing overwhelming shareholder support and a nod from the South African Competition Commission.
Retail industry ‘has growth potential’
05/10/2016 - 09:00
STRETCHED consumers with reduced disposable income are not unique to SA’s retail sector, says Raam Ratnam, S&P Global Rating’s senior director for corporate ratings for retail companies. But pressure on credit spend is a significant local risk.
Target chief digital officer exits abruptly
27/09/2016 - 10:52
Jason Goldberger, Target Corp.’s chief digital officer and president of Target.com, has left the company "effective immediately" after being the first to take on the newly created position in May, according to the Minneapolis Star Tribune.
Grand Parade Investments weathers ‘perfect storm’ for consumers
13/09/2016 - 11:32
GRAND Parade Investments (GPI), the casino operator that is diversifying into the food sector with brands such as Burger King, reported headline earnings per share (HEPS) of 1.99c for the year to end-June, down from 10,53c a year ago.
Clover reports pedestrian growth as operating costs soar
13/09/2016 - 09:36
CLOVER Industries on Tuesday reported single-digit growth in full-year net profit as the dairy products and beverages group battled higher operating costs.
Burberry crowned leader in sustainability
09/09/2016 - 08:55
Burberry has been named the industry leader in sustainability by the 2016 Dow Jones Sustainability Index (DJSI).
PayPal and Mastercard expand partnership
08/09/2016 - 10:13
PayPal and MasterCard announced an expansion on their existing partnership that will enhance the consumer experience making MasterCard a payment option within PayPal. It will also enable MasterPass as a payment option for Braintree merchants and expand PayPal’s presence at the point of sale.
Packaging industry needs to be ready for 2017 boom
06/09/2016 - 16:02
A few decades ago, packaging companies needed more tons of machinery to produce the output that they do today. Back then, the more heavy machinery they had, the more value was produced. Now, things are done differently; with less material. The difference is information.
Growing exports help widen trade surplus to R17.4bn
02/09/2016 - 14:35
EXPORTS grew faster than imports in the first seven months of 2016, driven largely by a weak rand, leading to a R17.4bn surplus compared with a R24.7bn deficit over the same period last year.
Why your marketing strategy needs infographics
01/09/2016 - 11:50
Johannesburg, South Africa – September 1, 2016 – High-quality infographics are far more likely to be read and shared than text-based content, giving them greater virality and making them a popular marketing tool. However, they need to be thoroughly researched, meticulously written and skilfully designed to be effective and boost brand visibility.
Massmart slips back despite strong forecast
16/08/2016 - 08:49
MASSMART’s share price was hit by profit-taking on Monday after the retailer released an interim trading statement, in which it said earnings were expected to grow strongly despite a marked slowdown in the local economy.
KWV to weigh options after asset sale
01/08/2016 - 10:39
SHAREHOLDERS in unlisted liquor group KWV Holdings will not taste a rich special dividend anytime soon.
Starbucks Mobile Pay explodes in popularity, next step suggestive selling
27/07/2016 - 15:50
Ordering by phone is proving to be popular with coffee drinking customers. Starbucks Mobile Order and Pay usage reached 5% of U.S. transactions in the third quarter 2016, up from 4% in Q2.
Top 10 most profitable retailers, 2016
20/07/2016 - 16:01
Forget revenue, store counts, online traffic, etc. — if you want to know who is succeeded in retail just look at the bottom line — it is all about turning a profit. Here is a quick look at the top 10 retailers on the list:
Menlyn Park Shopping Centre becomes environmentally friendly
15/07/2016 - 12:49
Coveted Green Star rating awarded to Menlyn Park Shopping Centre Pretoria, 15 July 2016 – The extension of Menlyn Park Shopping Centre in Pretoria has been awarded a 4-star Green Star Retail Design rating by the Green Building Council of South Africa (GBCSA) for the substantial effort undertaken to develop their first building phase, on environmentally friendly design and construction principles. This forms part of the R2 billion redevelopment of the centre, which began in 2014. Due for completion in November this year, the shopping centre will become the largest centre in Africa, with over 500 shops and a trading area of 170 000m2 on offer.
New stores add to Cashbuild’s revenue and customer base
14/07/2016 - 09:39
CASHBUILD’S revenue jumped 9% in the fourth quarter to June from the previous financial year, with 20 new stores opening since the beginning of July 2014, contributing a 3% increase.
EU pays the price for messing with British law and traditions
08/07/2016 - 08:51
Brexit is the consequence of a clash of fundamental legal/philosophical values that are not visible to the casual observer. Deep-seated values that represent part of the British constitution which is made up of the freedoms of individuals determined by the courts and by generally accepted conventions.
The Future of Media to shine the light on digital media technology
07/07/2016 - 15:19
Johannesburg, Thursday, 07 July 2016 : “Before the 2016 Future of Media Conference has even kicked off, it’s clear that the South African market is champing at the bit in anticipation of the opinions and insights of industry leaders operating in the digital environment,” says Trevor Ormerod, GM Group Sales & Marketing at Times Media, ahead of the annual Future of Media Conference being held in Sandton on 21 July.
New York grocer reaches out to customers
05/07/2016 - 14:07
With 15 regional stores, New York-based Fairway Market needs to compete with larger rivals on quality of experience.
New Consumer Goods and Retail Industry Study Reveals Need to Rethink the Value Chain
29/06/2016 - 15:50
The Consumer Goods Forum and Capgemini call for needed industry change to secure long-term, sustainable growth; Existing value chains must evolve to consumer-driven value networks
Special Sessions keynote presentations by Accenture, ECOLAB, IRI and Nielsen
29/06/2016 - 14:41
There was a host of special sessions at the Consumer Goods Forum Summit which covered issues from surviving the third era of digital and the ‘Internet of Things’ to ‘End-to-End Value Chain’ and navigating the new retail agenda. Key speakers included Mark Curtis, Chief Client Officer and co-Founder, Fjord, who described the trends and key success elements for brands willing to succeed in the digital space, and Steve Matthesen, Global President of Retail Vertical, Nielsen, who elaborated on consumers’ perspectives to explain the “why behind the buy."
How New Circular Economy Legislation Can Help Transform the Way We Do Business
29/06/2016 - 12:22
One of the biggest challenges facing companies today is how to make their business models sustainable while promoting growth and profitability. In this age of globalisation, with huge demands on land, water, food, raw materials and energy, we cannot continue with a linear economy that in essence creates, uses and disposes, assuming resources are unlimited. A different approach is needed.
The Consumer Goods Forum: Who they are and what they are about
29/06/2016 - 10:46
The Consumer Goods Forum is the greatest convener of the consumer goods industry across the globe. Their mission is to improve industry efficiency, build consumer trust, and advocate for practices that improve the world at large. They not only address issues facing retailers, but the entire value chain, from manufacturing to advertising. The recently celebrated their 60th anniversary of the Global Consumer Goods Summit held in Cape Town on 13 – 16 June 2016.
Consumer Goods Forum Global Summit Cape Town June 2016 - Fastmoving Review
29/06/2016 - 09:36
This year the Consumer Goods Forum hosted their 60th Global Consumer Goods Summit in Cape Town from 13 – 17 June 2016. It was a milestone year, because not only was it the 60th anniversary, it was the first time the Global Consumer Goods Summit was held on the African continent.
Nestlé shares advance as CEO presages shakeup
28/06/2016 - 11:46
Genever - Nestlé SA rose the most in more than four months as investors welcomed the surprise appointment of Fresenius SE’s Ulf Mark Schneider as successor to chief executive officer (CEO) Paul Bulcke.
Beer deal: AB InBev clears hurdle in SA
27/06/2016 - 08:43
Johannesburg - Anheuser-Busch InBev cleared a hurdle toward gaining approval for the brewer’s takeover of SABMiller in South Africa as the country’s Food and Allied Workers Union said it will take no further part in the regulatory approval process.
Huge grocery retailers show rising confidence in SA’s small businesses
23/06/2016 - 08:34
SMALL, medium and micro-sized enterprises (SMMEs) in the grocery retail sector are reaping the rewards of big investments by dominant players in the industry, such as Massmart and Pick n Pay.
Scourge of cybercrime hits Africa, leaving unprepared companies highly vulnerable
09/06/2016 - 13:08
Cybercrime has become a global epidemic from which Africa has not been spared, leaving companies counting losses, which range from money to credibility.
Digital disruption to top CEO agenda at 60th CGF Global Summit
01/06/2016 - 00:00
Cape Town, 31 May 2016 – The Consumer Goods Forum (CGF) has announced that in just over two weeks, Cape Town will play host to scores of CEOs from the world’s most influential consumer and retail brands. The CGF Global Summit, expected to draw more than 800 delegates from over 365 companies from 40 countries, will take place at the Cape Town International Convention Centre from 15 to 17 June 2016.
Milk prices may rise as farmers struggle
06/04/2016 - 10:37
Johannesburg - As consumers continue to grapple with high food prices triggered by the recent drought and the ailing economy, milk will soon be added to their list of costly staple foods.
Dairy law set new fat levels for SA products
30/03/2016 - 08:53
Low fat dairy products in South Africa — including yoghurt, milk, and cheese — will now be classified as medium fat products, in line with new regulations set to take effect in the next few weeks.
Hedging policy helps AVI grow earnings
14/03/2016 - 09:46
Diversified consumer brands company AVI is looking beyond the economic slump, and has almost tripled its war chest by raising its debt facilities to R1.5bn.
The world is divided on immigration - WIN/Gallup International’s Global Poll
04/03/2016 - 11:23
Over half (57%) of the world think that immigration of foreign workers is a good thing for their country and 32% believe it is a bad thing, according to WIN/Gallup International’s Global Poll on immigration.
Clover warns of milk hikes
03/03/2016 - 09:39
Johannesburg - Clover Industries is warning it will have no choice but to soon hike the selling prices of its products as the rand continues to trade weakly.
Clover pulls back in Nigeria as oil rout takes toll
02/03/2016 - 09:15
Dairy producer Clover cited solid festive season demand in its home market for an uptick in interim earnings, but warned of risks elsewhere in Africa and said it would make no more investments in Nigeria.
Sears Holdings to accelerate closure of unprofitable stores - USA
10/02/2016 - 10:22
A combined 7.1% same-store sales decline at Sear and Kmart stores in the fourth quarter has parent company Sears Holdings vowing to undertake a wide range expense reduction and cash generating moves, including more store closings and asset sales.
Festive cheer eludes Delta as volumes dip - Zimbabwe
27/01/2016 - 14:07
Harare - Zimbabwe's largest beverages maker, Delta Corporation (Delta), says it recorded subdued volume and revenue performance for the quarter to 31 December 2015, on the back of depressed aggregate demand.
20% sugar tax on the cards for South Africa
12/01/2016 - 08:21
The Democratic Alliance (DA) says that government’s plan to hike taxes on sugar-sweetened drinks by 20% will lead to an increase in food prices that will hit the poor.
Resilient leaders chase growth despite tough climate
15/12/2015 - 13:49
Despite some of the harshest economic and business conditions being felt for some time now, a survey has revealed that many of SA’s top industry leaders are still positive about the future, and that they display a resilience that will be critical for keeping businesses moving forward in the coming year.
Death tavern loses licence
02/11/2015 - 10:40
Cape Town - It was time for the police and the liquor licensing authority ‘to get tougher’ with liquor traders who fail to comply with the law, Western Cape Economic Opportunities MEC Alan Winde said yesterday.
‘Exceptional’ new product sales boost Clover
17/09/2015 - 11:16
Clover Industries on Wednesday reported a surge in full-year operating profit as consumers took a liking to its new offerings of yoghurts and custard.
Clover sees jump in earnings
11/08/2015 - 11:35
Johannesburg - Food and beverage group Clover forecast a surge of 64.2 percent to 74.2 percent in headline earnings a share for the financial year to June, putting them 65.9c to 76.2c higher than the 102.7c reported for the previous financial year.
Cape Town banks on late winter rains to avert water cuts
21/07/2015 - 10:30
Cape Town - Cape Town is relying on late winter rains to refill its half-empty dams and stave off water restrictions.
Nkunzi deal approval lets Clover in at Woolies
05/05/2015 - 08:43
The Competition Commission has approved Clover’s acquisition of Nkunzi Milkyway, the maker of Tropika juice and condensed milk.
Windhoek approves Clover listing - Namibia
17/04/2015 - 08:32
The Namibian Stock Exchange has approved next Wednesday’s secondary listing of Clover, the dairy company said on Wednesday.
Eskom's tariff hike shocker
20/03/2015 - 08:24
Cape Town - Eskom is looking for a 9.58% price adjustment for electricity in addition to the already announced 12.69% imposed in the 2015-16 financial year, reports the City of Cape Town.
Clover races to meet demand for yoghurt
20/03/2015 - 08:04
CLOVER Industries, which started making yoghurts and custards this year, will spend R65m on installing another yoghurt production line because the one it bought from DairyBelle has run out of capacity two years earlier than expected.
Clover’s H1 earnings jump
17/03/2015 - 09:44
Johannesburg - Food and beverage company Clover's interim results for the six months ended December 31 improved by 41 percent, the company said on Tuesday.
Omnichannel ‘is key for retailers’
13/02/2015 - 09:57
Redesigning "omnichannel" supply chain had to be a priority for consumer goods companies and retailers for them to remain relevant to the consumer and their shareholders, an EY/ Consumer Goods Forum survey said.
Clover sees first-half profit rise
11/02/2015 - 09:42
Diversified dairy producer Clover said on Tuesday it expects headline earnings per share for the six months to end December to increase by between 36% and 46%.
Credit data reflect subdued economy
03/02/2015 - 09:37
Credit growth data released on Friday painted a picture of a subdued economy, with broad M3 money supply growing only an annual 7.38% in December from 8.31% the previous month.
Full cream products are in favour
13/01/2015 - 09:58
Consumers are buying more of Clover Industries’ full cream products and slightly fewer of its low fat offerings, says CEO Johann Vorster.
Clover set to ‘bring new ideas to the table’
12/01/2015 - 10:34
Value-added products including yoghurts, custards, and desserts could make up about 20% of Clover Industries’ business within a few years, says CEO Johann Vorster.
Clover expects first half earnings to rise 30% over previous period
05/01/2015 - 11:55
Dairy producer Clover said on Tuesday it expects first-half headline earnings per share to rise by 30% over the previous comparable period.
Clover, Dairybelle merger approved
02/12/2014 - 09:35
Johannesburg - The Competition Tribunal has approved a merger between Clover and DairyBelle's yoghurt/UHT milk business, it said on Monday.
Clover fights conditions for merger
28/11/2014 - 09:32
JSE-listed diary producer Clover has objected to a proposed condition set by the Competition Commission for the approval of the company’s takeover of DairyBelle’s yoghurt and long life milk businesses.
Taxi strikes choke economic drive - chamber
18/11/2014 - 09:38
Johannesburg - Taxi strikes like the one that left commuters stranded in Johannesburg on Monday are hampering the country's economic drive, the Johannesburg Chamber of Commerce and Industry (JCCI) said.
Telkom warns over Eskom load shedding
04/11/2014 - 09:44
Telkom services will be impacted by Eskom’s nationwide load shedding schedule, the company said in a press statement on Monday, 3 November 2014.
Watchdog conditionally approves Clover, Dairybelle deal
20/10/2014 - 12:39
The Competition Commission has recommended a conditional approval of the merger between JSE-listed Clover and Dairybelle’s yoghurt and long-life milk businesses.
FAO Food Price Index Drops To Four-Year Low - Ghana
18/09/2014 - 13:42
FAO’s monthly food price index registered another drop in August, continuing a five-month downward run and reaching its lowest level since September 2010.
Clover profit falls as costs bite
16/09/2014 - 12:56
Johannesburg - South African food and beverage firm Clover Industries Ltd posted a 14.2 percent fall in headline earnings on Tuesday, clipped by brisk inflation levels and higher raw material costs.
Dairibord milk intake, sales decline- Zimbabwe
08/09/2014 - 10:45
Harare - Dairibord Holdings says its milk intake and sales slumped in the half year to June 2014.
Clover-Bowler deal ‘would make sense’
23/07/2014 - 15:50
A takeover of Bowler Metcalf’s beverages business, by Clover Industries, would "make strategic sense" for the companies, analysts say.
Maersk in shipping alliance with MSC
11/07/2014 - 11:56
Copenhagen - AP Moeller-Maersk on Thursday announced an alliance with shipping company MSC on some of the world's busiest cargo routes after China scuppered a planned tie-up between the two companies and CMA.
Meatco acquires stake in UK firm
11/06/2014 - 11:06
Meatco, the country’s leading beef producer, has acquired a 25% shareholding in Global Protein Solutions (GPS), a UK-based meat trading company.
I&J’s R500m investment reflects its confidence in fishing industry
05/06/2014 - 13:22
South Africa’s two largest fishing companies, I&J and Oceana Group, are investing in their aging trawler fleets in preparation for the critical 2020 fishing quota allocation.
Clover stock falls on earnings announcement
12/05/2014 - 11:18
Despite announcing an acquisition allowing it to manufacture innovative products, Clover Industries’ share price took a knock last week Thursday as the company said it expected a material fall in full-year earnings.
Botswana-Zimbabwe trade shrinks
08/04/2014 - 09:24
Contrary to the expectations of the Bilateral Investment Promotion and Protection (BIPPA), an agreement that was set to unlock investment and trade windows between Zimbabwe and Botswana, data released by Statistics Botswana indicates that trade between the two countries continue to decrease.
Clover to make comeback in local market
04/04/2014 - 08:57
Johannesburg - Dairy and beverages maker Clover said on Monday it planned to re-enter certain local markets, putting on hold Africa expansion plans as it posted an almost doubling of interim earnings which were lifted by higher prices.
Inflation edges up from 7.3 % to 7.6%, trade surplus up to K283 million, Zambia
10/03/2014 - 12:42
Zambia’s annual rate of inflation consumer index has risen by 0.3 percentage points from 7.3 percent in January to 7.6 percent recorded in February.
South Africa's CPI rises to 5.8%
05/03/2014 - 11:42
The consumer price index for all urban areas rose to 5.8 percent in January, Statistics SA has said.
L'Oreal net profit rises to €3bn
17/02/2014 - 10:20
Paris - L'Oreal, the world's largest cosmetics company, has said its net profit rose by 3.2% last year to €2.96bn ($4.0bn) on sales which rose by 2.3% to €22.98bn
Cream recalled after E. Coli scare, New Zealand
15/01/2014 - 07:59
New Zealand's Fonterra said it was recalling products distributed in the country that had been contaminated with E.Coli bacteria in the second food-safety scare faced by the company in less than six months.
First China mall opens in Harare, Zimbabwe
08/01/2014 - 08:38
The shopping mall, built near the National Sports Stadium, opened for business a few days before Christmas 2013. It is part of a 300-roomed five-star hotel project worth over $200 million and includes retail outlets, an amusement park, parking and staff houses.
Food issues to threaten US-EU free trade deal
18/12/2013 - 10:16
Genetically modified crops, chlorine-washed chicken, beef quotas and a fight over who can call Greek-style cheese “feta” all block the way towards the largest free trade deal.
PPI slows down
17/12/2013 - 07:51
Johannesburg - The year-on-year producer price index (PPI) slowed to 5.8% last month, compared to 6.3% in October, Statistics SA (Stats SA) has said.
Massmart stores will be closed on Sunday, 15 December
10/12/2013 - 08:37
Massmart Holdings will close its stores on Sunday, 15 December 2013.
KBL introduces responsibility platform
16/10/2013 - 09:22
Kgalagadi Breweries Limited (KBL) has taken in the quest to provide information on alcohol and responsible consumption is through their site, www.talkingalcohol.com
Woolworths reports strong results
29/08/2013 - 08:34
Highlights • Turnover up 23.2% • Profit before tax up 27.1% • Headline earnings per share up 27.3% (52 weeks: 25.3%) • Return on equity up from 46.4% to 49.7% • Cash dividend of 148 cents declared
Coca-Cola invests Sh1.2 billion in plastic plant, Kenya
18/07/2013 - 10:26
Coca-Cola through Nairobi Bottlers has invested Sh1.2 billion in a new manufacturing plant that produces materials for production of plastic bottles.
Retail price of mealie-meal hiked, Zambia
18/07/2013 - 09:43
The retail price of mealie-meal has been increased by about K5 after millers hiked the cost of the staple food by K2 on account of the removal of fuel and maize subsidies.
Zambeef share price in marginal drop
10/07/2013 - 08:55
Zambeef Products Plc share price on the Lusaka Stock Exchange (LuSE) has declined by two percent over the last few weeks following reports of alleged importation of contaminated beef, Stock Broker Zambia Limited (SBZL) has said.
Sainsbury maintains growth record as grocer outpaces rivals
12/06/2013 - 14:06
J Sainsbury Plc (SBRY), the U.K.’s third-largest supermarket chain, reported a 34th successive quarter of same-store sales growth as the grocer increased its share of the market while its main competitors all lost ground.
UK: IKEA advert featuring gnomes being smashed receives 50 complaints to watchdog
29/05/2013 - 08:04
Viewers have complained to a watchdog that an IKEA advert of gnomes being smashed is “violent, frightening and offensive”.
Carbon footprints for five beverage categories released by BIER
24/05/2013 - 15:37
n an effort to accelerate understanding of beverage sector impacts on climate change and identify reduction priorities for greenhouse gas emissions, the Beverage Industry Environmental Roundtable (BIER) has published its research on carbon footprints for five beverage categories, including beer, bottled water, carbonated soft drink, spirits and wine.
Zimbabwe: Lifestyle Holdings introduce TN Virtual Mart
14/05/2013 - 08:46
Diversified company Lifestyle Holdings has introduced a TN Virtual Mart — where it will deliver groceries to its clientele’s doorstep, as competition in the country’s retail sector intensifies.
Botswana: Choppies supermarket moves to acquire competitor, SupaSave
03/05/2013 - 09:52
Local Botswana retail chain, Choppies, has moved to wholly acquire one of its competitors, SupaSave, the Competition Authority (CA) revealed on Wednesday.
Clover to head for the coast as travel costs rise
22/03/2013 - 08:26
Dairy producer Clover is investigating the possibility of moving its cheese facility closer to milk sources at the coast. This would save on transport and distribution costs, the firm said this week.
Clover and Nestlé SA unveil new entity
04/03/2013 - 07:47
Johannesburg - Clover Industries [JSE:CLR] and Nestlé SA on Friday announced the formation of the new entity‚ called Clover Waters.
No food price fireworks ahead - economists
11/02/2013 - 09:11
Johannesburg - There won’t be food price fireworks this year, but the cost of locally produced fresh produce like fruit and vegetables could potentially soar because of increased labour wages, proposed electricity hikes and surging fuel prices.
The tech store of the future is here
28/01/2013 - 09:13
The store of the future has arrived and it is threatening to leave technology laggards behind.
Broll achieves R326 million sales for shopping centres
24/01/2013 - 10:02
Eleven properties previously owned by SA Corporate Real Estate Fund were snapped up by Fairvest Property Holdings Ltd for R326 million, revealing a welcome return of investor appetite for shopping centres within lower living standards measure (LSM) areas.
Musica hit by store closures
24/01/2013 - 09:47
Clicks Group says that its music and entertainment retailer, Musica, has been impacted by the closure of several stores.
Nambia: Construction starts on the Old Mutual Keetmanshoop Retail Centre
18/01/2013 - 09:34
His Excellency, President Hifikepunye Pohamba, on 26 October 2012 laid the foundation for the N$92 million Keetmanshoop Retail Centre, which is being developed by financial services giant Old Mutual.
November retail sales quicken to 3.4%
17/01/2013 - 07:59
Johannesburg - Growth in South Africa's retail sales quickened to 3.4% year-on-year in November compared with a revised 0.9% expansion in October, Statistics South Africa said on Wednesday.
October Retail trade sales slowed sharply to 1%
14/12/2012 - 09:16
Growth in South Africa's retail sales slowed to 1% year-on-year in October compared with a revised 4.7 percent expansion in September, Statistics South Africa said on Tuesday.
Tesco set to sell or close all Fresh & Easy stores
07/12/2012 - 08:43
London -- Tesco CEO Philip Clarke announced Wednesday that the British supermarket retailer will likely sell or close its entire U.S. presence, which means that 199 Fresh & Easy stores could be shuttered or sold off.
Burundi coffee revenues fall 29%
21/11/2012 - 08:26
Bujumbura - Burundi's coffee revenues fell 29% in October from the month before, tracking lower international prices, the country's industry regulator said on Tuesday.
Sony suffers Moody’s cut
12/11/2012 - 08:41
Sony Corp‘s long-term debt rating was lowered one notch by Moody’s Investor Service to the lowest investment grade level because of shrinking demand for its consumer electronics.
SACSC Appoints Marius Muller as new President
06/11/2012 - 08:17
With his enthusiasm for retail, immense experience and keen collaborative values, Marius Muller has been elected and appointed President of the South African Council of Shopping Centres (SACSC).
Oil up on China non-manufacturing data
05/11/2012 - 08:14
Singapore - Crude prices rose in Asia on Monday with a pick-up in China's services industry providing support ahead of Beijing's leadership transition and the US presidential election, analysts said.
Inflation blow to India rate cut hopes
16/10/2012 - 08:00
New Delhi - India's inflation accelerated to a 10-month high, hitting 7.81% in September, data on Monday showed, diminishing chances of an interest rate cut to jumpstart a sharply weaker economy.
No success in trucker pay talks
10/10/2012 - 09:24
Johannesburg - Negotiations to end a two-week labour dispute between most truckers and employers ended without an agreement on Tuesday.
SA in for tough ride
05/10/2012 - 07:41
Cape Town - South Africans can expect a tough two years ahead as the economy feels the pinch of strikes, analysts said on Thursday.
RMB Ventures invests in Studio 88 Group
03/10/2012 - 10:21
Johannesburg - RMB Ventures‚ a private equity investor and subsidiary of FirstRand Limited [JSE:FSR]‚ has purchased a significant minority interest in The Studio 88 Group‚ one of Southern Africa’s largest independent footwear and apparel retail chains.
EDCON Store card sale to Absa approved
25/09/2012 - 08:25
The Competition Tribunal had approved the sale of Edcon’s private label store card portfolio in South Africa to Absa, as well as the long-term strategic relationship agreement with Absa, said on Friday.
South African consumers still upbeat
20/09/2012 - 08:18
Cape Town - South African consumers are maintaining an upbeat attitude, according to an index which shows consumer confidence has kept a positive year-on-year outlook.
Scan & Go puts retail self-checkout on the move
19/09/2012 - 08:21
Last week in Rogers, Ark., Walmart began testing an iPhone application that could potentially expedite and streamline the self-checkout process. The "Scan & Go" app allows shoppers to do just that — scan their items while they shop and bag them as they go. Once they have finished, shoppers take their cart full of merchandise to a self-checkout kiosk and complete their purchase through traditional payment methods.
Clover ups earnings
12/09/2012 - 09:38
Johannesburg – Clover Industries Limited [JSE:CLR] has reported diluted headline earnings per share of 108.7 cents for the year ended June 2012 from 106.2 cents a year ago.
Walgreen Shares Decline After Sales Trail Estimate
07/09/2012 - 08:32
Walgreen Co. (WAG) fell the most in more than a month after posting fiscal fourth-quarter revenue that trailed analysts’ estimates as the lack of Express Scripts Inc. customers hurt pharmacy sales.
MillerCoors Q2 net income up 9% to $436m
08/08/2012 - 09:30
Johannesburg – SABMiller [JSE:SAB] and Molson Coors Brewing have reported MillerCoors’ second quarter underlying net income rose 9.1% to $436m versus prior year‚ driven by positive pricing‚ favourable brand mix and cost management.
Samsung lifted by Galaxy sales
27/07/2012 - 08:01
Seoul - Samsung Electronics said its second quarter profit rose 48 percent over a year earlier as customers flocked to get Galaxy smartphones in the absence of competitors.
Asia Pacific Breweries Surges on Heineken Bid
23/07/2012 - 08:20
Asia Pacific Breweries Ltd. (APB) surged to a record in Singapore trading after Heineken NV (HEIA), the world’s third-biggest brewer, offered as much as $6 billion for full control of the maker of Tiger beer.
Banks in $7.25bn retail settlement
16/07/2012 - 08:13
Visa Inc, MasterCard Inc and banks that issue their credit cards have agreed to a $7.25 billion settlement with U.S. retailers in a lawsuit over the fixing of credit and debit card fees in what could be the largest antitrust settlement in U.S. history.
Retail ‘needs BEE charter’
12/07/2012 - 08:57
The Government must introduce a broad-based black economic empowerment (BEE) charter for retailers to ensure they were fully compliant with BEE codes of practice, empowerment experts said yesterday.
Davies warns of stricter BEE codes
11/07/2012 - 08:38
Johannesburg - Trade and Industry Minister Rob Davies warned on Tuesday that black economic empowerment points would be deducted from businesses which did not invest in enterprise, supplier, and skills development.
AB InBev buys out Corona maker Modelo for $20 billion
10/07/2012 - 08:42
Brussels--Anheuser Busch InBev, the world's biggest brewer, is taking over Mexico's Grupo Modelo for $20.1 billion, giving it dominance in Latin America's second-largest economy and adding Corona, the top-selling imported beer in the United States, to its brands.
Massmart full-year sales top R61bn
05/07/2012 - 09:50
Johannesburg - South African discount retailer Massmart Holdings [JSE:MSM] reported a 16% rise in full-year sales on Wednesday, a touch above analysts' estimates, boosted by the inclusion recently acquired stores.
Best Buy Founder Richard Schulze Said to Consider Buyout
27/06/2012 - 14:03
Best Buy Co. (BBY) founder Richard Schulze is exploring taking the world’s largest electronics retailer private as he considers options that include selling his stake, according to a person familiar with the matter.
SA retailers ‘pushing for global stamp of approval’ for fish they sell
26/06/2012 - 08:50
SA’s supermarket chains were becoming increasingly aware of the importance of maintaining the health of SA’s, and the world’s, fish stocks and would soon demand Marine Stewardship Council (MSC) accreditation for the fish products they sold, the World Wide Fund for Nature SA (WWF SA) said yesterday.
Best Buy chairman, founder resigns
11/06/2012 - 09:06
More tumult at troubled retail giant Best Buy: Richard Schulze, who founded the company and has served as its director for nearly four decades, has resigned.
PnP Picks Goscor At Phillipi's DC
11/06/2012 - 08:55
Pick n Pay has made another large purchase of warehouse equipment from Goscor Lift Truck Company. This brings the total to more than 500 Crown electric material handling machines bought by the retailer from Goscor.
Share of the week: Foschini
11/06/2012 - 08:36
South Africa's second-largest clothing retailer, the Foschini group, lifted retail turnover by 17% and headline earnings a share by 23.6% in the year to March.
Clover‚ Eqstra renew supply deal
06/06/2012 - 07:52
Johannesburg - Consumer goods and beverages group Clover Industries Limited [JSE:CLR] said on Tuesday it had renewed its outsourcing service agreement with Eqstra [JSE:EQS] Flexifleet for a “substantial period of time” in a move to reduce costs in the supply chain.
Woolworths ‘top’ among listed firms
10/05/2012 - 10:09
SA’s top companies have experienced a battering in their reputations this year, a survey showed, but clothing and food retailer Woolworths emerged with the most robust reputation score, despite a controversy involving the alleged misuse of the intellectual property of a small ginger beer maker earlier in the year.
US grains drop
08/05/2012 - 08:01
US grain futures dropped on Monday as investors fled riskier assets, after Greek and French polls stoked doubts that struggling euro zone economies could continue to pursue austerity measures crucial to resolving the bloc's debt crisis.
Walmart down on bribery allegations
24/04/2012 - 07:51
Walmart Stores shares were down 3.1% in early premarket trading on Monday following an article in the New York Times this weekend alleging that the world’s largest retailer stymied an internal probe into bribery at its Mexican affiliate, Walmart de Mexico.
Clothing sector suffers fewer job losses
23/04/2012 - 10:43
Johannesburg - There has been a significant decrease in the number of jobs lost in the clothing, textile and leather sectors, the SA Clothing and Textile Workers' Union (Sactwu) said on Friday.
US: Grocer launching mobile, digital couponing system
11/04/2012 - 08:24
After a one-year pilot study of Savvy Penny, an in-store digital coupon system that uses Bluetooth technology to offer value and savings to consumers, Milam's Market in Coral Gables, Fla., is rolling out the loyalty solution that delivers two-way interactive promotions directly to the consumer at the point of sale through touchscreens on the store shelf, according to a company press release.
Milk production up 5.4%
05/04/2012 - 10:16
Milk production was up 5.4% in February compared with the same period a year ago, the Milk Producers' Organisation (MPO) said on Wednesday.
SA maize deficit looms on Mexico exports
26/03/2012 - 08:26
Johannesburg/Hamburg - South Africa has committed an additional 400 000 tonnes of maize exports to drought-stricken Mexico, a scenario that will likely push Africa’s largest corn producer into a deficit situation this marketing season and propel domestic food prices higher.
Coca-Cola and Pepsi work with suppliers to avoid cancer-warning label
14/03/2012 - 09:43
In order to avoid having to place cancer warnings on their soft drinks as required with Californian law, Coca-Cola co. and Pepsico are working closely with suppliers to alter the recipe of their drinks.
Milk Price Slumping as Record Profit Spurs Expansion of Herds: Commodities
13/03/2012 - 08:53
Record dairy profits and milder weather are leading to a surge in milk supplies from Auckland to California, turning last year’s best-performing commodity contract into one of the worst of 2012.
Grain SA wants to address government
12/03/2012 - 07:36
Bothaville - South Africa’s grain farmers can certainly produce sufficient food for the country. On the other hand, political rhetoric and generalisations about the agricultural sector must end.
Walmart decision is due today
09/03/2012 - 08:50
Johannesburg - The Competition Appeal Court will release its judgment today on the review of the Walmart-Massmart merger.
M&S and Sainsbury's buck consumers' indifference to brands
05/03/2012 - 08:53
Only 5% of British people would care if brands did not exist, according to research by Havas and MPG that placed Marks & Spencer and Sainsbury's in the world's top 10 "meaningful" retail brands.
Atterbury develops flagship ‘green’ Pick n Pay in Roodepoort
28/02/2012 - 08:42
In an innovative joint venture Atterbury Properties and Pick n Pay will create a R160 million flagship 10,000sqm next-generation ‘green’ store for the leading retailer.
Massmart delivers strong sales and earnings growth
22/02/2012 - 09:34
• Sales up 15%, headline earnings up 21,1% , underpinned by increase in cash generated from operations • Strong volume growth indicative of market share gains
Pick n Pay Gets Top Retail Specialist
20/02/2012 - 09:25
Cape Town-based Pick n Pay announced the appointment of Rod Salmon, who will take the position of Divisional Manager, General Merchandise at the retailer from 1 March 2012.
Tiger Brands' underlying assumptions for update
20/02/2012 - 08:54
Tiger Brands, in trading update on Feb 14, 2012, advised that, despite difficult trading conditions, headline earnings per share were expected to show satisfactory growth for the year ending 30 September 2012 as compared to the 2011 reported earnings.
Woolies eyes Pick n Pay’s food trolley
17/02/2012 - 13:40
High-end retailer Woolworths will be opening 10 new bigger-format supermarkets in the medium term, CEO Ian Moir said yesterday, the first of which will be on William Nicol Drive in Bryanston, Johannesburg, the street where competitor Pick n Pay has set up its premium offering.
Coca-Cola Profit Tops Analysts’ Estimates as Asia Sales Jump
08/02/2012 - 10:10
Coca-Cola Co., the world’s largest soft-drink maker, reported fourth-quarter profit that topped analysts’ estimates as teas and juices boosted sales in Asia.
Consumer Confidence in U.S. Increases for a Second Week in Bloomberg Index
03/02/2012 - 08:31
Consumer confidence in the U.S. climbed for a second week as Americans became less pessimistic about the prospects for the world’s largest economy.
Woolies to scrap ‘copycat’ drinks
02/02/2012 - 08:54
Despite only being asked to remove the "Good Old-Fashioned" slogan from its range of soft drinks, Woolworths has decided to remove the entire product range from its shelves, CEO Ian Moir said yesterday.
Swazi Pick n Pay boycotts suppliers
01/02/2012 - 09:28
In a rare case of consumer empathy, retailer Pick n Pay has reportedly boycotted some of its suppliers who did not agree “to drop their prices so that customers can benefit”.
PepsiCo May Boost Marketing Budget to Take On a Surging Coca-Cola: Retail
27/01/2012 - 09:27
PepsiCo Inc. (PEP) Chief Executive Officer Indra Nooyi has taken over a coconut-water company, acquired a dairy in Russia and spent millions on a philanthropic marketing campaign. Her next big investment has a more familiar name: Pepsi-Cola.
Southern Comfort brings brand character to Facebook
20/01/2012 - 13:53
Southern Comfort, the Brown Forman-owned spirits brand, has launched a Facebook campaign featuring the fictional New Orlean's music legend, 'Baron Jazz'.
Workers at Unilever UK set to strike
17/01/2012 - 07:52
British workers at Unilever plan to escalate strike action this week with 11 days of rolling stoppages starting on Wednesday in a dispute over plans to axe the consumer goods group's final-salary pension scheme.
Food price index ends year with sharp drop
13/01/2012 - 09:40
Food prices fell in December 2011 with the food price index dropping 2.4%, according to the UN Food Agricultural Organisation's monthly report.
Olympus board vows to quit
12/12/2011 - 08:58
The entire board of Japan’s Olympus has signalled its plan to quit — possibly as early as February — over a $1,7bn accounting fraud, and to set up an outside committee to advise whether to sue those responsible.
Unilever builds green food plant in Durban
12/12/2011 - 08:54
Unilever, the global fast-moving goods supply group, has built a R670m savoury dry food plant at Riverhorse Valley in Durban, according to chairman of Unilever SA, Marijn van Tiggelen.
SABMiller eyes Kenya's premium beer segment with Miller Genuine Draft
08/12/2011 - 09:00
SABMiller will introduce its third beer, Miller Genuine Draft, in Kenya on 8 December, aiming at the premium segment of the local beer market which is currently catered to by rival beer brands Heineken and Tusker Malt.
Cocoa prices fall on Europe concerns
08/12/2011 - 08:54
Cocoa has hit its lowest level since December 2008 on the back of the sovereign debt crisis in Europe and increased supplies from West Africa according to commodity analysts familiar with the industry.
Shoprite honours top suppliers for 2011
07/12/2011 - 10:42
The Shoprite Group of Companies paid tribute to their suppliers at its 2011 Supplier Awards held in Stellenbosch on Saturday, 26 November. This glamorous ceremony, held annually, provides an opportunity for the Group to recognise suppliers for their unstinting support and collaborative approach toward the company’s business during the past year.
Wasteful consumer goods stress the planet
01/12/2011 - 09:04
Words by Pierre Heistein, the convener of the UCT applied economics for smart decision-making course The main focus of the UN climate conference currently being held in Durban will be on how the world economy can go about reducing its levels of greenhouse gas emissions.
Top retailers avoid equity BEE partners
28/11/2011 - 08:35
Politically connected empowerment’s usual suspects are missing out on a combined market capitalisation of more than R160 billion as they are shunned by top JSE-listed retailers, which have chosen to rather give stakes to their staff and support struggling black entrepreneurs.
Champagne Deutz to implement new brand representation strategy in US
25/11/2011 - 08:58
French champagne producer Champagne Deutz will implement a new Regional Representation strategy beginning 2012, allowing importers / distributors outside the Champagne Louis Roederer network to represent the brand in the US.
Shortage fears as milk prices tank
24/11/2011 - 08:50
Johannesburg - There could be a shortage of milk next year if the producer price is not increased, the Milk Producers' Organisation said on Wednesday.
Retail sales surge signals recovery gaining pace
17/11/2011 - 11:03
Growth in retail sales surged unexpectedly in September, signalling that SA’s economic recovery was gathering momentum and quashing lingering expectations that interest rates could fall again
Retail September trade growth seen at 6.5%
15/11/2011 - 10:33
Growth in SA’s retail trade sales at constant (2008) prices for September is expected to lose momentum to a decrease of 6.5% year on year (y/y), from a y/y growth of 7.1% in August, according to a survey of leading economists by BusinessLIVE.
E.coli found in imported cheese
10/11/2011 - 08:45
Johannesburg - Almost 22 tonnes of imported Irish cheddar cheese was destroyed last week because it was contaminated with E.coli bacteria, the Milk Producers' Organisation (MPO) said on Wednesday.
Spar Group reported a 3.3% rise in diluted headline earnings per share
09/11/2011 - 16:00
South African grocery chain Spar Group on Wednesday reported a 3.3% rise in diluted headline earnings per share to 522.8 cents for the year ended September 2011 from 506.3 cents a year ago
Society of Dairy Technology has a bright future
08/11/2011 - 10:12
The Society of Dairy Technology (SDT) has seen a significant surge in interest over the past few months with membership growing at an unprecedented rate. As consumer demand for healthy and nutritious dairy products continues to grow, the role of the SDT in advancing dairy science and technology across all areas of the agri-food sector, to the mutual benefit of milk producers, dairy processors, food retailers and consumers, is increasingly valued.
Nampak forecasts higher profits
08/11/2011 - 08:59
Packaging group Nampak (NPK) advised on Monday that its headline earnings per share for the year ended September 2011 from continuing operations, are expected to be between 15% and 25% higher than the 142.2 cents per share in 2010.
Europen issues green paper on packaging and sustainability
07/11/2011 - 09:58
A new green paper published by Europen has emphasized packaging’s role in achieving a ‘resource efficient’ society.
South African businesses sign procurement accord to boost local manufacturing
03/11/2011 - 09:54
South African businesses have signed an accord with government, unions and civil society, aimed to help the struggling manufacturing sector.
Softer market hits Mondi growth
01/11/2011 - 08:28
Maintenance shutdowns reduce underlying operating profit, moderated selling prices in softer market partly offset by lower input costs
Pack designs alter due to changing shopping behaviours
11/10/2011 - 09:45
Brands (in the UK) are altering their pack designs to adapt to changes in consumer behaviour due to continued economic uncertainty, according to an industry expert.
Walmart and Massmart launch another extended price cut promotion, building on momentum of first campaign
03/10/2011 - 11:35
Following the launch of South Africa’s first 10-week price cut promotional campaign in July, which saved consumers over R50 million, Massmart and Walmart are launching another extended campaign which will run from 2 October to 4 December 2011 at various stores.
Agricultural exporters fume at port tariff hikes
26/09/2011 - 08:18
Agriculture exporters are up in arms over proposed new port tariffs, saying additional costs will have a detrimental effect on the industry’s competitiveness and the economy as a whole.
Shoprite beats profit expectations
23/08/2011 - 10:33
Johannesburg - Shoprite Holdings, Africa's biggest grocery retailer, beat analysts estimates with a 12.4% rise in full-year profit, as lower interest rates and a tentative economic recovery boost consumer spending.
Tanzania mobile users up 20%
15/08/2011 - 09:39
Tanzania's mobile phone subscribers rose 20 percent to 21 million last year, but low tariffs due to a vicious price war are expected to diminish the appetite for investment in the telecoms sector, industry officials said.
Are private label brands a threat to national brands?
12/08/2011 - 15:49
It’s a question that may keep many marketers and brand managers awake at night – are private label brands encroaching on national brands? The answer is yes, and no, according to Dr Magda Nenycz-Thiel, a senior researcher from the Ehrenberg-Bass Institute for Marketing Science at the University of South Australia.
Tetra Pak Dairy Index sees 10-year African dairy boom
12/07/2011 - 10:28
Tetra Pak, the global food processing and packaging solutions company, has released the fourth annual Dairy Index that this year indicates a decade-long dairy boom and a surge in African consumption of almost 50%.
Janine Allis - Giving South Africa a Natural high!
12/07/2011 - 08:41
Gauteng – Janine Allis, dynamic Founder of Boost Juice Bars, recently regaled media and other guests at the Boost outlet in The Mall of Rosebank whilst on a rare visit to South Africa. Janine truly inspired her audience with her exuberance, free spirit and unwavering will to succeed, reliving the Boost Juice journey from its origins to becoming the fastest growing Smoothie Brand in the Southern Hemisphere.
Energy drinks to carry warning labels: Spoor & Fisher
11/07/2011 - 10:41
In an effort to enhance the public's awareness of the possible harmful effects of energy drinks, the government will be placing more stringent requirements on the manufacturers of these beverages when it comes to the labelling of their products.
Coega to include dairy plant
04/07/2011 - 07:48
Johannesburg - The Coega Development Corporation (CDC) will launch a dairy processing plant with an initial investment of R50m in September, it said on Wednesday.
Morrison named CEO at Campbell Soup
27/06/2011 - 08:46
As expected, Campbell Soup Co. named Denise Morrison president and chief executive, effective Aug. 1, succeeding Douglas R. Conant, who served more than 10 years in that role, the company said Thursday.
Woolworths shares fall
14/06/2011 - 10:45
Shares of South Africa's Woolworths drop 2.6 percent as the retailer enters a closed period in which it will repurchase ordinary shares worth up to 500 million rand ($73.48 million).
ASDA-IPL provides support to emerging South African table grape farmers
31/05/2011 - 08:06
BENTONVILLE, Ark., May 30, 2011: Walmart businesses ASDA and IPL, in conjunction with the South African Table Grape Industry (SATI), recently facilitated a visit of emerging table grape farmers to the United Kingdom.
Rise in factory gate prices eases
26/05/2011 - 08:03
Johannesburg - Producer price inflation - or the increase in factory gate prices - slowed to 6.6% year-on-year (y/y) in April, from 7.3% in March, Statistics SA said on Thursday.
Piracy scourge ‘raises costs for shipping groups’
26/05/2011 - 07:50
ESCALATING piracy along the east coast of Africa was having a "material" effect on the costs of shipping companies operating in the region, according to Grindrod CEO Alan Olivier.
Flat year for Adcorp but market share is up
26/05/2011 - 07:22
Employment services company Adcorp reported flat headline earnings for the year to February yesterday and conceded that the year had been challenging as a result of sustained political and regulatory pressure on labour broking.
Inflation subdued on food price drop
19/05/2011 - 07:58
INFLATION rose more slowly than expected last month, subdued by a surprise fall in food prices and fanning hope that price pressures may not build as fast as feared this year.
Del Monte Nabs Hershey's CEO
19/05/2011 - 07:44
Hershey Co.'s chief executive, David J. West, is departing for a considerably smaller and arguably less glamorous company but one that could provide a bigger payday down the road.
Campbell’s Cuts Packaging, Creates More Waste
13/05/2011 - 10:10
Campbell’s saved more than 4.5 million pounds of steel, plastic and paper packaging materials in 2010, but its waste disposal rate was up 15 percent, according to the firm’s latest corporate social responsibility report.
New jobs scarce in Western Cape
12/05/2011 - 08:14
Cape Town - The Western Cape economy is showing healthy growth, as indicated by the Sake24 and BoE Private Clients latest barometer information for March.
Massmart Walmart Merger - Summary of 10 May court proceedings
11/05/2011 - 08:41
With the third day of the Competition Tribunal Hearings into the Massmart Walmart merger underway, we have compiled a summary of the proceedings.
Tesco defector McCann exits Carrefour
06/05/2011 - 14:02
Former Tesco director James McCann has left Carrefour after less than 18 months with the French retail giant.
Zambia regulator clears Shoprite
31/03/2011 - 00:00
Lusaka - Zambia has cleared Africa's largest grocer Shoprite Holdings [JSE:SHP] over allegations of threatening to blacklist suppliers who dealt with its rival Pick n Pay Stores [JSE:PIK], the regulator said on Tuesday.
Clover H1 profit jumps
16/03/2011 - 16:55
South African dairy foods maker Clover said on Monday headline earnings per share for the six months to end-December soared to 73.2 cents from 0.9 cents a year earlier
Australian Federal Court hearing regarding sale of Franklins to Metcash kicks off
14/03/2011 - 00:00
[Cape Town, 14 March 2011] The hearing of the Australian Competition and Consumer Commission's application for an injunction to prevent Metcash acquiring Franklins commenced in the Federal Court of Australia in Sydney on Monday 14 March.
Parmalat Investment Funds Said to Propose Rossi as Interim Chief Executive
10/03/2011 - 00:00
Massimo Rossi, a former manager at Swedish Match AB, will be proposed as an interim chief executive officer of Parmalat SpA (PLT) by a group of investors, according to two people familiar with the situation.