At an inaugural launch held in Cape Town on 19 April 2012, local fishing company Sea Harvest announced its tie-up with major Swedish frozen foods producer Findus Sverige AB. The Findus Group is one of Europe’s largest frozen food and seafood companies and a leading overall food manufacturer.
Sea Harvest debuts on JSE Main Board under Share Code: SHG
23/03/2017 - 11:18
The Sea Harvest Group (SHG) listed on the Johannesburg Stock Exchange (JSE) today, 23 March 2017, with 42% of the company floated at a trading price of R12,50 per share raising R1.33 billion, resulting in a group market capitalisation of c.R3.14 billion. The money raised will be used to pay down debt and fund growth both locally and internationally allowing it to fulfil its vision of becoming a diversified global seafood company.
Sea Harvest offering attracts strong demand
20/03/2017 - 08:46
The fishing company, controlled by empowerment group Brimstone, says strong demand for its shares prompted a decision to increase the offer size to investors
Brimstone to list Sea Harvest on JSE
08/02/2017 - 08:51
Brimstone Investment Corporation Limited announced today its intention to list leading vertically integrated seafood company Sea Harvest. A capital raising of up to R1.5 billion (Private Placement) will be undertaken by Sea Harvest simultaneously with the proposed listing.
Sea Harvest's success positions it for growth
16/01/2017 - 09:34
Sea Harvest has enjoyed two years of significant success. The company's shareholders invested close to R600 million in capital and investment growth this year alone, seeing Sea Harvest becoming one of the largest vertically integrated black-owned fishing companies in the country.
Why red meat prices will soar, even if the drought is broken
26/09/2016 - 13:58
RED meat prices are expected to rise, further straining food inflation, as farmers rebuild their herds following record slaughters to cope with the worst drought in a century, industry experts say.
Spur results underline pressure on consumers as food inflation bites
08/09/2016 - 10:04
FOOD franchise group Spur Corporation’s results for the year to June suggest the pressures facing consumers are being felt most acutely in the lower end of the market.
Tiger sees SA consumers under pressure as costs rise
19/07/2016 - 12:42
Johannesburg - Tiger Brands said the risk of higher inflation will place pressure on South African consumers as the nation’s biggest food producer is raising prices to try to offset cost pressures following record maize prices.
You are now paying a lot more for food in South Africa
04/07/2016 - 08:39
A report in the Sunday Times reveals how much more South Africans are now paying for food from leading retailers.
Swiss watch exports slump extends into eleventh month
21/06/2016 - 12:38
Zurich - Swiss watch exports dropped in May, bringing the industry’s slump close to a full year as it faced plunging demand across Asia and Europe.
Farmers fear mergers of agriculture firms
20/06/2016 - 11:28
Three megamergers in the agrochemical sector including Bayer and Monsanto, have raised concerns among farmers who fear higher prices and of consumers who fear more genetically modified (GM) food.
Food will continue to be costly
14/06/2016 - 17:11
Johannesburg - South Africans may be breathing a sigh of relief that El Niño seems to have passed, but food prices will remain high well into next year.
Riverbed Retail Therapy Week Comment
09/06/2016 - 14:05
More and more people are choosing to purchase their goods virtually, leading to online sales in Europe forecast to reach £174.81.32 billion in 2016.
EU system for pork imports to SA
21/04/2016 - 12:56
Cape Town - As consumer preferences differ and the demand for low fat meat and meat products increases, the European Union (EU) has implemented a unique system to guarantee high quality of meat that is brought to South Africa.
Food may become “unaffordable”
03/03/2016 - 10:17
Johannesburg - South Africa's agriculture sector, which has been ravaged by the worst drought in recent times, has seen its input to gross domestic product (GDP) shrink by 14 percent.
Drought: SA’s warm weather set to continue
02/03/2016 - 08:54
Johannesburg - South Africa's weather will remain drier and warmer than usual until the autumn season, which begins in April, the South African Weather Service said on Monday (29 February).
High red meat prices could mean a crash in the market
02/02/2016 - 09:42
Red meat sales are likely to plunge in the coming months as consumers resist price increases in beef, triggered by the drought.
The price of everything is going up in SA
20/01/2016 - 09:04
Having lost over 30% of its value against the dollar in January, the weak rand is causing everything to go up in price – from food, to medicine, to technology.
Get ready for a food price shock in 2016
19/01/2016 - 09:40
Ongoing drought conditions and a weak currency are hammering South Africa’s food producers, who are under pressure to keep prices low.
Fire destroys over 20 000 hectares of food crop farms - Ghana
15/01/2016 - 11:34
More than 20 000 hectares of cash and food crop farms in the Asante-Akim Central Municipality have been completely ravaged by wildfire, raising fears of imminent famine in the area.
Food now key player in housing market
13/01/2016 - 08:49
Cape Town - Food might very well replace oil as the key commodity strongly linked to the fortunes of the local residential property market, John Loos, household and property sector strategist at FNB Home Loans, said on Monday.
German consumer confidence slips
30/11/2015 - 12:36
German consumer confidence slipped for a fourth month in a row in November as shoppers worried about the impact of a record influx of asylum seekers, a survey found on Thursday.
Global food prices fall in July
07/08/2015 - 09:23
Global food prices fell to a six-year low in July, but maize prices rose, which is negative for a maize-importing country like SA.
Sea Harvest launches a new scheme to share its bounty
15/06/2015 - 11:21
Black-owned fishing company Sea Harvest has launched a new share scheme that will see it issuing more than 4 million shares to its employees.
Life in South Africa getting worse: index
06/11/2014 - 11:07
South Africa is the 81st most prosperous country in the world, according to the Legatum Institute’s prosperity index, a position down from 77th in 2013, and far away from its 67th position in 2009.
Jimmy Choo shines on market debut - UK
21/10/2014 - 10:40
London - Jimmy Choo inched higher on its London stock market debut, watched closely by even the least fashion-conscious of bankers after a flurry of cancelled listings across Europe.
Ostriches back in vogue - Namibia
21/10/2014 - 10:15
The most discredited agricultural commodity, ostriches, are back on the farming radar after the Ministry of Trade and Industry, in collaboration with the National Development Corporation, earlier this year concluded a feasibility study and an execution plan, to investigate the revival of the ostrich industry.
71% of SA wealth in hands of richest 10%
20/10/2014 - 11:58
Johannesburg - In South Africa, 63 000 people are among the top 1% of the wealthiest people in the world.
Customers drive seafood sustainability
15/10/2014 - 10:45
The changing attitude of consumers as they become concerned about the seafood they eat is creating strong incentives in the way retailers and suppliers procure supplies.
JSE stocks end lower
22/09/2014 - 13:49
Johannesburg - South African stocks ended Friday slightly lower as subdued commodity prices and concerns about Chinese growth pulled resource shares down, although global market relief propped up other sectors over the outcome of Scotland's referendum.
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.
China's deal to end European wine probe
27/03/2014 - 12:05
Beijing - China's commerce minister said the Chinese and European wine industries had reached a deal to end an anti-dumping and anti-subsidy probe into European wine imports, ahead of a trip to Europe by China's president.
Call for Spain to cut rates, hike VAT
24/03/2014 - 07:48
Madrid - Spain must cut individual and business tax rates and increase levies on consumer items from alcohol to fuel to repair one of Europe's lowest tax takes, according to proposals the government took in hand on Friday.
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.
Heineken sees 2014 sales advancing
06/03/2014 - 14:09
London - Heineken NV, the world’s third-biggest brewer, expects sales to advance this year after reporting a decline in 2013 profit amid weak consumption in central and eastern Europe.
Adidas sees World Cup boost for profits
06/03/2014 - 13:48
Frankfurt - Adidas, the German maker of sportswear and equipment, said Wednesday it expects the World Cup football championships in Brazil to boost earnings this year, but warned that the crisis in Ukraine could hurt its business.
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.
Carlsberg shares leap as strong Russian sales support earnings
21/02/2014 - 08:23
Stockholm - Carlsberg reported earnings that beat analyst estimates as the fourth-biggest brewer gained market share in Russia by selling more premium beer. The stock rose the most in two years.
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
H&M to open first store in India
17/02/2014 - 08:55
Stockholm - Swedish clothing retailer Hennes & Mauritz (H&M) said Wednesday it planned to open its first store in India in 2014.
Zambia’s annual rate of inflation rise by 0.2 percent, trade surplus ticks up
31/01/2014 - 09:34
Zambia’s annual rate of inflation as measured by the all items Consumer Index (CPI) has risen by 0.2 percent from December 2013s 7.1 percent to 7.3 percent recorded in January this year.
Steinhoff launches up to $631 m convertible bonds
30/01/2014 - 10:27
Johannesburg - Furniture maker and retailer Steinhoff plans to sell as much as $631m of bonds convertible into shares to push out debt maturities, it said on Thursday.
SABMiller CEO Graham Mackay dies
20/12/2013 - 08:21
Cape Town - SABMiller [JSE:SABMiller] announced on Wednesday that its chairperson Graham Mackay, who has been with the company for 35 years, has passed away. Mackay was diagnosed with a brain tumour in April 2013.
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.
EU eyes ban on SA citrus imports
19/11/2013 - 08:37
Johannesburg - The EU is preparing a ban on South African citrus imports that could take orange juice off Europe’s breakfast tables next summer and sour efforts in Brussels to broaden trade with Africa’s biggest economy.
Meatco and Witvlei bid for Norwegian meat quota, Namibia
22/10/2013 - 08:31
Meat processing companies, Meatco and Witvlei Meat, have once again bid for the lucrative beef export quota to Norway, which is set at 1600 tonnes per year and pays 72% more than exports to other parts of Europe. Earlier this month, the Meat Board of Namibia requested for bids for the Norway quota from local meat companies.
BOS Ice Tea launches in Belgium and Holland
18/10/2013 - 09:07
BOS Ice Tea has recently celebrated its third birthday in South Africa, and has taken the first steps into European markets, launching in Belgium and Holland earlier this month.
World markets react to US debt deal
18/10/2013 - 08:41
Johannesburg - Markets across the world on Thursday gave a lukewarm reaction towards the US debt deal, due to fears that the scenario will repeat itself early next year.
Delhaize Europe CEO resigns
09/10/2013 - 08:19
Brussels - The CEO of Delhaize Group's European division has resigned, effective Oct. 31, the Belgian supermarket operator said.
German grain harvest higher despite floods
23/08/2013 - 08:13
Frankfurt - Germany, Europe's second-biggest grain producer after France, reported a 3.0% increase in its harvest this year, despite the bad weather and flooding, data showed on Thursday.
Carrefour Q2 2013 results, Preparing for life as a healthy #2 in the market, rather than an ailing #1
25/07/2013 - 15:17
On Carrefour’s second-quarter results, Gildas Aitamer, Retail Analyst at Planet Retail, commented:
EMEA PC shipments plummet
22/07/2013 - 08:57
New research from the International Data Corporation (IDC) shows that PC shipments in Europe, Middle East, and Africa (EMEA) continued to contract in the second quarter of 2013 (2Q13).
US stocks rise on solid jobs report
08/07/2013 - 08:08
New York - US stocks Friday opened higher following a better-than-expected US jobs report, even as US Treasury yields spiked.
Retail's global top 10
15/05/2013 - 09:25
New York - There's expensive and then there's Hong Kong.
Richemont ups full-year profit 30%
02/05/2013 - 09:28
Zurich - Luxury goods group Richemont [JSE:CFR] said its annual profit rose nearly a third from the previous year's €1.54bn, helped by favourable currency swings.
Germany key to Europe's flagging spirits volumes
30/04/2013 - 08:12
Not only is Germany forming a last line of defence against the euro’s implosion, the land of steins and beer kellers also offers fertile ground to distillers foraging for sales in Western Europe’s withered landscape.
Unilever’s sales grow 4.9%
26/04/2013 - 10:32
Unilever’s breadth of businesses and markets would enable it to ride out the tough environment in Europe, the Anglo-Dutch consumer goods company said yesterday as it reported weaker-than-expected first-quarter growth.
World wine output down, hit by weather and EU curbs
26/03/2013 - 10:09
(Reuters) - Global wine production fell sharply last year due to bad weather in Europe and a recent policy to drain its "wine lakes", while Chile and United States saw a jump in harvests, according to a recent report.
Company bosses: No fishing crisis
22/03/2013 - 07:58
Cape Town - Major fishing company bosses on Wednesday described a meeting with Fisheries Minister Tina Joemat-Pettersson as a watershed moment.
Danone pulls dairy products
19/03/2013 - 13:16
Bucharest - French food industry group Danone said Monday it had withdrawn some of its dairy products from sale in Romania after a potentially carcinogenic substance was found in milk from one of its suppliers.
Steinhoff profit up 5%
06/03/2013 - 08:28
Johannesburg - South African furniture maker and retailer Steinhoff International reported a 5 percent rise in first-half profit on Tuesday as the weaker rand currency helped offset slack consumer demand.
Mandela wine launched in US
04/03/2013 - 07:58
A wine company bearing the name of the former president Nelson Mandela has been established in the United States, the Sunday Sun reported.
Red meat industry reaction to research findings on meat products
28/02/2013 - 14:52
The Red Meat Industry Forum (RMIF), which represents the entire red meat industry chain, from primary producer through the abattoir to the meat trader and eventually the consumer, has noted with extreme concern the condemning statements made on the research findings by Prof Louw Hoffman and his colleagues on the inclusion of various unlabeled ingredients used in meat products sampled from retail butcher stores and butcheries.
Mastercard heads to mobile with virtual wallet
26/02/2013 - 08:56
Mastercard unveiled its bid to dominate the mobile payments market on Monday with a ‘virtual wallet’ allowing customers to keep personal payment details in their phone and avoid checkouts by scanning bar codes in-store to pay.
Ikea pulls meatballs from 14 countries
26/02/2013 - 07:50
Stocholm Swedish furniture giant Ikea has withdrawn some of its company-branded meatballs in 14 European countries after horsemeat was found in the product by Czech authorities, the company said on Monday.
Horsemeat scandal: SA safe
14/02/2013 - 08:53
Cape Town - South African meat consumers have nothing to fear from a horsemeat scandal currently rocking Europe.
GSK faces crucial year after shortfall
07/02/2013 - 07:50
London - GlaxoSmithKline, Britain's biggest drugmaker, renewed its promise to return to growth this year, after failing to deliver a hoped-for sales and margin recovery in 2012.
Global consumer confidence dips
05/02/2013 - 08:09
London - Global consumer confidence dipped at the end of last year, a survey showed on Monday, and more than 60 percent of respondents said the next 12 months would not be a good time to spend.
Spar to enter Middle East market
29/01/2013 - 11:17
Abu Dhabi - Dutch food retailer Spar International plans to enter the Middle East, aiming to have 30 stores in the region by the end of 2015, its managing director said on Sunday.
China's drugs market to grow by $165bn
13/12/2012 - 09:11
London - Drug companies are spending record amounts on acquisitions in emerging markets, with China the most attractive target nation, reflecting sharply rising sales of western medicines in the country.
Oil prices drop after recent rally
23/08/2012 - 09:46
London - Crude oil prices fell on Wednesday following recent gains, mirroring events across world stock markets, as traders showed caution ahead of Greek talks, Fed minutes and US energy inventory data.
GlaxoSmithKline profits up on lower tax
26/07/2012 - 09:01
London - British drugmaker GlaxoSmithKline on Wednesday said its second quarter net profit rose 13.3% from a year earlier to £1.21bn.
May wholesale trade up 8.7%
20/07/2012 - 08:31
Johannesburg - Wholesale trade sales at constant prices for May grew by 8.7% year-on-year (y/y) compared with a 9.5% y/y growth in April‚ Statistics SA data showed on Thursday.
Western Cape economy cools down
13/07/2012 - 08:05
Cape Town – Together with the chilly Cape weather the Western Cape economy is also cooling down, as is evident from the May Sake24 and BoE Private Clients Western Cape Barometer.
Researchers want healthier food made cheaper
05/07/2012 - 09:16
The government needs to do more to protect South Africans from the lure of junk food by making healthier food cheaper and more readily available, say researchers from the University of the Western Cape.
Cheaper oil, food put lid on inflation
22/06/2012 - 07:43
The price of Brent crude oil fell below $91 a barrel yesterday, a price last seen in December 2010, from this year’s high of $124 in March.
EU malaise spreads to China’s factories
22/06/2012 - 07:37
The downturn in the euro zone’s private sector is becoming entrenched and Chinese factories are finding the going increasingly tough, business surveys showed yesterday, painting a gloomier outlook for the world economy.
Tough trading likely to continue — Pick n Pay
19/06/2012 - 08:58
The country’s second-largest retailer, Pick n Pay (PIK), is operating in a time of tightened consumer spending, increased competition in the retail sector, and increased food inflation and utility costs, the retailer’s chairman, Gareth Ackerman, said on Friday.
Sub-Sahara growth may firm to 5% in 2012
14/06/2012 - 08:12
Johannesburg – As global demand firms and domestic demand remains robust‚ economic growth in Sub-Saharan Africa is expected to strengthen to 5% in 2012‚ the World Bank says in its newly-released Global Economic Prospects (GEP).
Exports save eurozone from recession
07/06/2012 - 08:59
Brussels - The eurozone narrowly escaped technical recession in the first quarter as exports offset a plunge in investment and inventories to produce a flat reading, data showed on Wednesday, but it was unlikely to escape contraction again in the second quarter.
‘Shocking’ fall in factory output raises fears over exports
11/05/2012 - 08:20
Manufacturing output contracted unexpectedly in March, suggesting that the recession in Europe is already taking a toll on exports and signalling growth in the economy may be slowing more sharply than expected.
Consumer inflation slows again
18/04/2012 - 11:42
Johannesburg - South Africa’s consumer inflation slowed to 6.0% year-on-year in March, in line with market consensus from 6.1% in February, Statistics South Africa said on Wednesday.
SA's repo rate seen steady at 5.5%
26/03/2012 - 08:12
Johannesburg - The Reserve Bank will probably keep its repo rate at its current three decade lows next week to give the struggling economy more leeway, although higher electricity and fuel costs could force it to start tightening policy later in the year.
Clothing, footwear sales boost retail confidence
16/03/2012 - 07:45
The first quarter of this year saw improved levels of confidence among retailers, as solid clothing and footwear sales growth bolstered sentiment, the latest Ernst & Young/Bureau for Economic Research survey on Thursday revealed.
Consumers remain backbone of SA economy
09/03/2012 - 07:51
Bloemfontein. – It’s consumers who are putting the zing in the South African economy at a time when low growth in foreign markets is putting a damper on the production side of the economy.
Bytes replaces 8 000 POS units at Pick n Pay
07/03/2012 - 08:16
Bytes Managed Solutions has been awarded a contract, worth over R100 million in total, to refresh the existing point-of-sale (POS) hardware infrastructure at all Pick n Pay stores over a two-year period.
Retail sales grew 5.97% in 3Q 2011
02/03/2012 - 09:21
Nominal retail sales grew 5.97% in the third quarter of 2011, compared on a year-on-year basis. This is the word from property management group Broll , based on its quarterly Retail Barometer.
Consumer inflation edges up to 6.3%
23/02/2012 - 09:34
Johannesburg - South Africa’s targeted consumer price inflation (CPI) quickened to 6.3% year-on-year (y/y) in January, from 6.1% in December, Statistics South Africa said on Wednesday.
Woolworths Floor-Space Growth to Accelerate in Second Half
21/02/2012 - 08:37
Woolworths Holdings Ltd. (WHL) plans a “big” acceleration in floor-space growth in the second half of the fiscal year, as the South African food and clothing retailer opens its first supermarkets.
Planet Retail recruits former Mintel Sales Director for Europe
02/02/2012 - 14:51
Planet Retail, the leading global retail analysis company, has strengthened its European division with the appointment of Frank Weibelzahl as Sales Director.
Carrefour’s New CEO May Be Drawn Into Price War to Lift Hypermarket Sales
31/01/2012 - 08:47
Georges Plassat, Carrefour (CA) SA’s fourth chief executive officer in eight years, relishes a challenge.
Nestlé develops ‘frustration-free’ packaging
24/01/2012 - 08:15
Nestlé has announced that it is developing ‘frustration-free’ packaging for some of its products to ensure consumers of all ages can use them without difficulty.
SA CPI annual average 5.0% in 2011 (4.3% 2010)
18/01/2012 - 11:02
The increase in South Africa's consumer price index (CPI), which is used by the SA Reserve Bank (SARB) for its inflation target, was 6.1% year on year (y/y) in December, from 6.1% y/y in November, Statistics SA (Stats SA) said on Wednesday.
Chinese buyers circling more European assets
09/01/2012 - 07:33
Hong Kong - Fresh signs of a mooted wave of Chinese money looking to buy European assets on the cheap emerged on Friday, with a major bank said to be in the running for parts of Britain's RBS and an Italian yacht maker seen in the sights of Shangdong Heavy Industry.
Woolworths not losing sleep over Walmart
12/12/2011 - 09:47
Johannesburg - The chief executive of Woolworths Holdings [JSE:WHL] isn't worried about losing market share to Walmart in Africa, as he targets the continent's rising wealth with fashionable clothing and high-end food.
Europe’s glass production volumes on the up in 2011
08/12/2011 - 09:03
European glass packaging production volumes have grown by 4.7% in the first half of 2011, according to figures from the European Container Glass Federation (Feve).
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.
SA exports hold breath over euro’s future
08/12/2011 - 08:44
As European leaders head into the last summit of the year today, the future of the euro as a currency will come under the scrutiny of both global policy makers and investors, as politicians try to restore confidence in the currency used by 17 nations within the European Union (EU).
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.
Woolworths Drops Jupiter For In-House Advertising
01/12/2011 - 16:30
Jupiter Drawing Room in Cape Town has been notified that as of the end of January, Woolworths will no longer be doing business with them.
SA trade account in deficit
01/12/2011 - 08:49
Johannesburg - South Africa’s trade account recorded a wider-than-expected trade shortfall of R9.6bn in October compared with a R2.5bn surplus in September, the South African Revenue Service said on Wednesday.
SA's GDP rises, but growth stunted
30/11/2011 - 10:14
Pretoria - South Africa’s economic growth came in less than expected at 1.4% in the third quarter of 2011 on a seasonally adjusted and annualised basis, compared with a 1.3% rise in the second quarter, data showed on Tuesday.
Weaker rand helps boost factory recovery
29/11/2011 - 08:51
Bureau for Economic Research survey shows domestic order volumes rose to a four-year peak, while export sales and order volumes gave positive readings for the first time in more than eight years
New packaging packs less at consumer's cost
28/11/2011 - 07:45
Johannesburg - Your favourite brand of toothpaste, chocolate, chips, rice or tomato sauce may be costing you the same, but are you getting the same amount of product for your money?
Spar full-year profit lags consensus
22/11/2011 - 07:57
Johannesburg - Grocery retailer Spar Group [JSE:SPP] missed forecasts with a 3.3% rise in full-year profit as tough competition, weak selling prices and fragile consumer demand weighed on its margins.
Consumer inflation in the spotlight
21/11/2011 - 09:49
A Bloomberg consensus of economists expects inflation’s consumer price index to have grown to 5,9% last month compared with the same month last year.
Woolworths shares dip as sales disappoint
18/11/2011 - 08:32
Shares in Woolworths fell more than 2% yesterday after the food and fashion retailer reported disappointing sales growth in its clothing unit as well as poor volume growth in its first five months of trading in its full year.
SABMiller eyes tougher time in Europe, US
18/11/2011 - 08:01
London - Brewer SABMiller [JSE:SAB] narrowly missed forecasts with an 11% rise in half-year earnings on Thursday, and warned that trading in Europe and North America will stay tough as its input costs tick higher.
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
US retail sales rise broadly
16/11/2011 - 08:35
Washington - US retail sales rose broadly in October and a gauge of New York state manufacturing showed growth this month for the first time since May, suggesting the economy started the fourth quarter with vigour.
Joint approach towards an innovative sustainable solution
14/11/2011 - 08:49
Innovia Films and Sappi Fine Paper Europe have joined forces to demonstrate potential laminate structures, using their respective products, suitable for end users in the food, confectionery and pharmaceutical industries. These laminates provide technical functionality in addition to being made from renewable resources and offering compostability – a focus which many packaging end users are keen to pursue.
Nutrition labels should be in centre of food packaging: Study
09/11/2011 - 15:59
A new study has suggested that nutrition labels should be placed in the centre of food packaging, rather than in one corner. The study reasons that consumers are most likely to skip the information if placed other than center.
Cheers to new wine markets
07/11/2011 - 08:40
Hong Kong - Hong Kong's wine imports have remained strong even as global economic uncertainty cuts demand for luxury goods, underscoring the city's credentials as a preeminent wine hub buoyed by strong demand from mainland Chinese buyers.
I&J must remove copycat product from freezers
07/04/2011 - 15:04
Quick action by Sea Harvest’s field agents averted significant financial losses that may have resulted from competitor Irvin & Johnson (I&J) launching a product that mimicked Sea Harvest’s Oven Crisp similar coated fish pieces.
Food retailers aim for quality organic produce
18/08/2010 - 00:00
South African food retailers are taking strides to ensure that their offerings meet the rising consumer preference for organic and locally produced produce.