Pick n Payâs Zimbabwean partner bullish about prospects
03/12/2013 - 09:35
Harare - John Moxon, the chairman of Zimbabweâs Meikles Africa, which runs TM Supermarkets jointly with South African grocer Pick n Pay, is bullish about future prospects in the countryâs retail industry, saying the company has adopted a robust expansion plan to capitalise on the expected shift for the better in consumer spending patterns.
Pick n Pay opens two premium stores as part of six month plan to open 64 stores
29/11/2013 - 10:27
After an improved performance at the half year, Pick n Pay is demonstrating its commitment to pursuing positive growth through focused, streamlined operations and an expanding store footprint, with plans to open over 60 new stores in the six months to end February 2014.
R140 million Victoria Wharf Construction at V&A Waterfront completed
28/11/2013 - 23:11
Undertaking an extensive expansion programme while minimising the impact on an estimated 24 million visitors per annum is no small feat. In a R140 million upgrade to its Victoria Wharf Shopping Centre, the V&A Waterfront has managed to not only improve its retail trade performance over the nine month construction period, but also increase the number of visitors to the Centre over the same period.
Irish trade mission to SA in drive for growth in trade
11/11/2013 - 10:21
On the back of growing trade between Ireland and South Africa, Irelandâs Minister for Trade and Development, Joe Costello TD, will lead the third Enterprise Ireland trade mission to South Africa in November.
Countdown to new Pick n Pay at V&A Waterfront, opening in November 2013
08/11/2013 - 15:12
In just under three weeks, Pick n Pay will open its new store at the V&A Waterfront, bringing an unprecedented retail offering to the central Cape Town area. Located in a prime and highly accessible position on the lower level of the Victoria Wharf, the store will start trading at 10am on Thursday 28 November 2013.
Cradlestone Mall to introduce comprehensive, connected shopping. Opening 20 November 2013
08/11/2013 - 10:40
Named for its unique location, the newly developed Cradlestone Mall in the heart of Mogale City in Johannesburgâs West Rand - near the world heritage site of the Cradle of Humankind - officially opens its doors on 20 November 2013.
Top retailers secured for new Eyethu Orange Farm Mall, opening September 2014
04/11/2013 - 16:25
Sporting an appealing mix of successful retailers guaranteed and construction progressing apace, the vision for the R400 million Eyethu Orange Farm Mall to become a successful, profitable asset for the community of Orange Farm is within reach.
Super-regional Cradlestone Mall opens for trade in Mogale City on 20 November
04/11/2013 - 16:07
The super-regional 76 000sqm Cradlestone Mall is set to open its doors in Mogale City on 20 November 2013, with more than 200 stores offering unparalleled choice to shoppers, both local and from further afield.
Customers reward a better, stronger and clearer Pick n Pay
23/10/2013 - 10:54
In an extremely competitive market, customers have responded positively to decisive action by Pick n Pay to improve the shopping trip. In the first six months to 01 September 2013, the company delivered an improved financial performance over the previous period, growing Group till sales (owned and franchise stores) by 8.1%.
Pick n Pay sheds 400 jobs over costs
02/09/2013 - 10:01
Johannesburg - About 400 Pick n Pay employees will be jobless in the coming months after the company retrenched workers to cut costs.
Major revamp for Auas Valley Mall, Namibia
26/08/2013 - 10:17
The Auas Valley Shopping Centre is a retail gem but it remains rather secluded and exclusive. Its owner, Agra Ltd, intends to change that image. Earlier this month Agra announced a significant upgrading and extension of Auas Valley at a groundbreaking ceremony marking the start of the project.
Nedbank, Pick n Pay launch a first for local banking in Namibia
19/08/2013 - 08:56
Windhoek - In a first for Namibia's banking industry a commercial bank has teamed up with a major retailer to enable the bank's clients to withdraw money at the retailer's cashiers as they are doing their grocery shopping.
Pick n Pay embarks on retrenchment drive
08/08/2013 - 09:03
Cape Town - Pick n Pay hopes to trim jobs across the country as it implements a turnaround strategy, BDLive reported on Wednesday.
Pick n Pay's Zim rival raises revenue
14/06/2013 - 09:05
Harare â Zimbabweâs leading grocer OK Zimbabwe, whose revenues for the year to March 31 surged 16.3% to US$479.6m, is planning to open two new stores and modernise five others during the current year.
Mr Delivery opts for three wheels to service new Pick n Pay contract
11/06/2013 - 08:29
Mr Delivery opts for three wheels, times 60 Mr Delivery has acquired 60 Mahindra three-wheeler vehicles, fitted with specially designed, lockable canopies, to service a new contract for the Pick n Pay Online Shopping delivery service, which operates from a number of hubs in the country.
Namibia: Pick n Pay benefits from anonymous tip-off line
20/05/2013 - 11:42
Shrinkage costs Pick n Pay During the financial year 2011/2012, Pick n Pay lost almost N$8million as a result of theft and pilferage which took place in a number of Pick n Pay stores across the country. In a bid to bring down shrinkage in its stores, the retailer introduced an anonymous tip-off line for the public and its stakeholders.
Zimbabwe: Big brands knock out small retailers
06/05/2013 - 10:36
Experts contend that the introduction of the multiple-currency system in 2009 has seen low income retail shops which thrived during the years of economic meltdown scale down their operations due to heightened competition.
V&A Waterfront reports strong growth in 2013
03/05/2013 - 10:21
New developments, refurbishments and an increase in international brands set to drive continued growth Cape Town, 02 May 2013: The V&A Waterfront continues to track ahead of national retail growth figures in 2013. According to the latest report by Statistics SA, results for the national average sales growth in January indicate a 6.8% increase while the V&A reports show a growth of 11.64% increase for January.
Nedbank backs Tembisa's new MegaMart with R238m Loan facility
29/04/2013 - 08:39
Tembisa in the East Rand, will soon get a new shopping mall by November 2013, thanks to the development of the Tembisa MegaMart following Nedbank Corporate Property Financeâs recent approval of a R238 million finance facility.
Pick n Pay shares down after poor results
24/04/2013 - 10:01
Johannesburg - Pick n Pay Stores [JSE:PIK] retailers were down almost 3% on Tuesday morning following the release of their annual results.
Pick n Pay to face off with Shoprite
15/04/2013 - 09:38
Recognising the strong buying power of emerging markets in Durbanâs outer lying suburbs, Pick n Pay has acquired a property in Chatsworth which will see it go head-to-head with competitor Shopriteâs store on the opposite side of the road.
Supermarkets respond to meat report
15/04/2013 - 08:28
Johannesburg - Popular supermarkets including Pick n Pay, Shoprite, Woolworths and Spar have responded to a City Press report that identified them as stocking incorrectly labelled meat products.
TM Supermarkets refurbishes stores in Zimbabwe
10/04/2013 - 08:43
Zimbabwe's TM Supermarkets, in which Pick n Pay is a partner, has invested a further $25m into the retail chain, with the money aimed at transforming its retail outlets through refurbishment of the groupâs 50 stores across the country.
Retailersâ industrials underpin JSE
09/04/2013 - 10:07
Johannesburg - SA stocks recovered slightly from last weekâs declines on Mondayâ as retailers and industrials led the market higher.
Pick n Pay grows African footprint with sixth Zambian store opening
27/03/2013 - 12:04
[Cape Town, 21 March 2013] As part of its strategic expansion into Africa Pick n Pay will open its sixth Zambian store in Luanshya â in the countryâs Copper Belt Province. This is a signal of confidence in Zambiaâs economic future and takes the total number of Pick n Pay stores outside of South Africa to 95, across eight countries.
Namibia: Pick n Pay Heading for Keetmanshoop
11/03/2013 - 09:02
South African grocery retail giant, Pick n Pay, has completed the takeover of OK Grocer at Keetmanshoop.
Pick n Pay deputy CEO stays on
27/02/2013 - 14:19
Johannesburg - Retailer Pick n Pay Stores said on Wednesday that deputy CEO Richard van Rensburg will stay on a deputy CEO.
Pick n Pay to open new generation store at the V&A Waterfront in Cape Town
20/02/2013 - 07:45
Development is underway at the V&A Waterfront for a new generation, flagship Pick n Pay store, expected to open in December 2013.
New stand-alone Pick 'n Pay shopping centres meet developing retail trends
31/01/2013 - 11:05
Pick n Pay, has developed two new stand-alone retail centres situated in Chatsworth, Kwazulu Natal and in Roodepoort, Johannesburg.
Pick n Pay appoints retail groceries manager
18/01/2013 - 10:09
Pick n Pay (PIK) has named Paul Marsh as divisional managerâ groceries and perishables retail in the merchandise division.
Retailers weigh on JSE
16/01/2013 - 09:10
Johannesburg - The JSE closed Tuesdayâs session in the red with platinums making gains due to potential supply constraintsâ while retailers took a beating on market expectations that retail earnings could be lower than previously expected.
Zim: Meikles to unveil second Pick ânâ Pay
11/12/2012 - 09:47
Zimbabwe Stock Exchange-listed diversified entity Meikles Limited is this week set to unveil is its second state-of-the-art Pick ânâ Pay supermarket bringing to two such branches in the country.
Pick n Pay opens outlet in Kitwe, Zambia
30/11/2012 - 07:56
Pick n Pay Zambia has opened its outlet in Kitwe with the Government commending the chain store for investing over K132 billion into the country.
MTN, Pick n Pay in banking tie-up
28/11/2012 - 11:54
MTN and Pick n Pay are poised to launch a mobile bank. Called Tyme, which stands for âtake your money everywhereâ, the venture will piggyback on the banking licence held by Bank of Athens.
Pick 'n Pay enters e-reader market with Kobo
31/10/2012 - 09:02
The Kobo Touch e-reader has been released in SA as part of an exclusive partnership between Pick 'n Pay and Kobo.
South Africa: Govt Pursuing Strategy to Link Producers With Retailers
30/10/2012 - 08:19
Pretoria - Government is pursuing a strategy of linking small producers with major retailers such as Wallmart, Pick n Pay and Spar to sell their produce directly to them, says Minister of Agriculture Tina Joemat-Pettersson.
R360-million Protea Glen Shopping Mall opens in Soweto
26/10/2012 - 08:21
Protea Glen Mall, which opened for business on Thursday 27th September, is set to become the suburbâs leading shopping centre, boasting 30 000m2 of popular retail stores.
Pick n Pay âis still paying for its earlier mistakesâ
08/10/2012 - 08:49
Pick n Pay may take longer than expected to return to strong turnover growth as it was still paying for its past mistakes, a retail analyst said on Friday after the supermarket group released a trading statement that indicated a tumble in earnings.
Pick n Pay forecasts profit decline
05/10/2012 - 13:14
Pick n Pay on Friday said it expected headline earnings per share (HEPS) and diluted HEPS from total operations to decrease by between 10% and 20% for the 6 month period ended August 31.
Pick n Pay warns of low stock
05/10/2012 - 07:33
Johannesburg - Retailer Pick n Pay Stores warned on Thursday that it was running low on some goods at its stores due to the truck drivers' strike.
Pick n Pay shares surge on new chief
04/10/2012 - 07:45
Shares of South Africa's Pick n Pay surge nearly 7 percent, becoming the top percentage gainer on the All-share index after the grocer names the former head of Tesco's UK business as its next chief executive.
New CEO for Pick n Pay
03/10/2012 - 10:18
Johannesburg - Pick n Pay Stores [JSE:PIK] announced on Wednesday that after an extensive international search, it has appointed Richard Brasher, the former Tesco board member, as Pick n CEO effective from February 2013.
SA at risk of food crisis
01/10/2012 - 13:11
As food prices soar because of the ailing global and domestic economies, South Africans should also start worrying about the availability of something to eat.
Pick ân Payâs online recipe
14/09/2012 - 08:04
Mike Cotterell, GM of online shopping at listed retailer Pick ân Pay, says the group continues to invest significantly in upgrading and improving its online shopping offering.
Turnover 15% ahead at Meikles
21/08/2012 - 08:47
Turnover at Meikles for the quarter to 30 June 2012 was up 15% to $89m compared to the same period in 2011.
Shopriteâs board receives a feminine touch
07/08/2012 - 08:18
Shoprite, the sponsor of the Woman of the Year competition, has announced the appointment of its first female director. Anna Mokgokong, who has a medical degree, is the co-founder and executive chairwoman of Community Investment Holdings and was South African Business Woman of the Year in 1999.
Shoprite takes on the DRC
01/08/2012 - 08:44
Africaâs largest supermarket group, Shoprite, entered the Democratic Republic of the Congo (DRC) with the opening of a supermarket in the capital Kinshasa. The South African company has been planning to enter the DRC since 2007, according to a report by Cedric Bra, retailing analyst at Euromonitor International.
Top retailers show mega confidence in Mall of the North
20/07/2012 - 09:08
Major local and international leading retail names have expressed confidence that Mall of the North, will be a significant driver for their growth adding more shopping variety to the region's super shopping centre in Polokwane, Limpopo.
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 Aprilâ Statistics SA data showed on Thursday.
Bourse unimpressed by Woolies update
18/07/2012 - 09:04
The share price of upmarket retailer Woolworths slipped as much as 3% yesterday after the group released a tepid sales update that fell short of the marketâs expectations.
Retail âneeds BEE charterâ
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.
Africa a modern day Mecca for multinationals
05/07/2012 - 09:43
The continent, long shrouded in scepticism and instability has become a modern day mecca for consumer facing multinationals in search of higher yield.
SA retailers âpushing for global stamp of approvalâ for fish they sell
26/06/2012 - 08:50
SAâs supermarket chains were becoming increasingly aware of the importance of maintaining the health of SAâs, and the worldâs, 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.
Pick n Pay opens first supermarket in Zimbabwe
22/06/2012 - 08:26
Retailer Pick n Pay opened its first supermarket in Kamfinsa, Zimbabwe, on Thursday.
Retailers reap rewards of energy efficiency initiatives
20/06/2012 - 09:50
Woolworths has saved itself about R80m since 2007 by adopting "sustainability initiatives" such as energy efficiency, and plans to save R100m more this way by 2015, says the retailerâs sustainability head Justin Smith.
Tough trading likely to continue â Pick n Pay
19/06/2012 - 08:58
The countryâs 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 retailerâs chairman, Gareth Ackerman, said on Friday.
Pick n Payâs social investment not broadcast from rooftops
18/06/2012 - 08:29
From an operational perspective it is evident that Pick n Pay has been knocked off the top perch that it had effortlessly dominated for a few decades. But one top perch from which it is unlikely to be knocked is corporate social investment (CSI).
Former Pick n Pay chief gets R10m
18/06/2012 - 08:20
Former Pick n Pay CEO Nick Badminton was integral to the development strategy being implemented by the group and, as such, received a R10,1m restraint of trade payment, Pick n Payâs annual report revealed on Friday.
SA clicks with online shopping
15/06/2012 - 08:14
SA retailers are aware that local consumers are becoming more cyber-savvy and are upgrading their online shopping capabilities in response, but they still have some way to go.
Pick n Pay takes its brand to Zimbabwe
12/06/2012 - 08:50
Despite growing concerns over Zimbabweâs continuing 51% indigenisation programme that has ruffled the feathers of foreign investors, South African retail giant Pick n Pay is expanding in Zimbabwe, with plans to open a new supermarket in Harare at the end of the month.
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.
Meikles rolls out Pickân Pay branch
05/06/2012 - 09:05
Zimbabwe Stock Exchange-listed conglomerate Meikles Limited is set to open the first Pickân Pay Supermarket in Kamfinsa, Harare, this month following the injection of $13 million into the group.
Unhappy Easter for chocolate fan
16/05/2012 - 07:41
Johannesburg - Retailer Pick n Pay agreed to change its labelling next year after a complaint over the amount of candy-coated chocolate buttons inside an Easter egg, the Advertising Standards Authority (ASA) said on Tuesday.
âShockingâ 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.
Pick n Payâs R150m Chatsworth foray
08/05/2012 - 09:18
Sprawling Chatsworth is set to have a new R150 million shopping centre by this time next year.
PnP opens distribution centre
03/05/2012 - 09:05
Johannesburg - Pick n Pay opened its second centralised distribution centre in Cape Town on Wednesday.
Woolworths opens âtrolleyâ store
30/04/2012 - 09:14
Local high-end retailer Woolworths came one step closer in its bid to lure what CEO Ian Moir calls "trolley shoppers" away from rival Pick n Pay by opening its first supermarket on Friday.
Pick n Pay eyes fuel stops
24/04/2012 - 08:34
Pick n Pay was now "well placed" to fulfil its founder Raymond Ackermanâs dream of free-market petrol prices, thanks to a deal with BP Southern Africa, a company spokeswoman said yesterday.
Card dents Pick n Pay profit
20/04/2012 - 07:47
Five million active users of Pick n Payâs Smart Shopper card received combined benefits worth R350 million from the retailer during the 12 months to February. While the total cost of these benefits was not carried by Pick n Pay, the non-recurring set-up costs relating to the card appear to have been a major factor in the groupâs weaker-than-expected performance for the year.
Pick n Pay posts drop in profit
18/04/2012 - 15:02
Johannesburg - South Africaâs No2 food retailer, Pick n Pay Stores [JSE:PIK], reported a 15% fall in full-year profit on Wednesday, missing expectations, hit by costs related to its shopper loyalty programme and investments in its supply chain.
Investment to weigh on Pick n Pay profit
17/04/2012 - 09:11
Though operational results for the second half of Pick n Pay's financial year are expected to show an improvement, the group's fervent investment in its turnaround strategy is likely to have had a negative impact on profit growth for the year.
PnP takes top honours
16/04/2012 - 10:58
During the 3rd annual Climate Change Leadership Awards held in Sandton, PnP was the winner in the Private Sector Retail category.
New breed of consumer looks to interactive advertising
13/04/2012 - 09:39
As the advertising world emerges from a torrid financial period characterised by recession and global instability that forced companies to cut marketing budgets, it faces a very different consumer environment.
Pick n Pay loyalty card exceeds expectations
04/04/2012 - 08:47
Pick n Pay exceeded the estimated number of Smart Shopper cardholders by 2 million. The food retailer had estimated that the loyalty programme would reach 3 million customers in its first year, but by yesterday the store recorded just over 5 million.
New mall for Protea Glen, Johannesburg
02/04/2012 - 09:38
Taking a taxi to go shopping some distance away from their homes will be a thing of the past for the community of Protea Glen, as a huge new mall with almost all major retailers is to open on 27 September.
Ad spend jumps 11% to R32bn
02/04/2012 - 09:08
Advertising spend jumped 11% to R32.1-billion last year from R28.9-billion the previous year, according to figures released this week by researcher Nielsen.
Pick n Pay forecasts lower profits
02/04/2012 - 07:55
Pick n Pay (PIK) on Friday said headline earnings per share (HEPS) and diluted HEPS from continuing and total operations would decrease by between 10% and 20% for the year ended February 29.
Bytes helps boost Pick n Pay customer loyalty
28/03/2012 - 09:34
Bytes Managed Solutions has a longstanding business relationship with Pick n Pay, and has recently been instrumental in delivering on a major project to enhance the customer experience and boost sales.
Australian retailer eyes Pick n Pay
26/03/2012 - 10:26
Woolworths Australia has been in discussions with local retailer Pick n Pay with a view to buying a stake in the group, according to local sources.
Davies punts agro-processing for job creation
26/03/2012 - 08:40
Smallholder farming continues to be on the agricultural development agenda as the government seeks to stimulate the agro-processing sector to kick-start its job creation drive.
New shopping centre for Duncan Village, Eastern Cape
16/03/2012 - 09:26
Soon the trouble of having to commute to town for basic necessities will be a thing of the past for the Duncan Village community, as a new shopping centre will be opening in their township in a few weeks.
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. â Itâs 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.
Ackerman, Rupert in top family business list
08/03/2012 - 09:33
Johannesburg - Two leaders of South African family businesses have made an international list of the top 50 leading family-led companies, according to a report on Wednesday.
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.
Kenya: Homegrown retailers gearing for duel with South African giants
06/03/2012 - 08:57
Kenyan retail chains that have gone aggressive in their regional expansions are expected to meet stiff competition from South African retailers such as Massmart, Shoprite, Pick n Pay and Spar.
Atterbury develops flagship âgreenâ 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 âgreenâ store for the leading retailer.
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.
Pick n Pay Urged to Break Ackerman Control Amid Hunt for CEO
20/02/2012 - 09:09
Pick n Pay Stores Ltd.âs Ackerman family should loosen its hold over South Africaâs second-largest supermarket chain if a new chief executive officer is to ward off competition from Wal-Mart Stores Inc. (WMT), analysts and fund managers said.
Woolies eyes Pick n Payâs 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.
Retailers shrug off Harare order
10/02/2012 - 10:23
Spar, Shoprite and Pick n Pay have shrugged off an indigenisation broadside from the Zimbabwean government, which was reported to have issued a directive yesterday that licences for foreign-based chains not be renewed to facilitate localisation of the businesses.
Pick n Pay CEO, Nick Badminton, calls it a day
09/02/2012 - 09:18
[Cape Town, 08 February 2012] Pick n Pay announced today that CEO Nick Badminton would resign from the board of Pick n Pay effective the end of the financial year but would be available to assist the company and its chairman in the transition period.
Cellphone revolution to change way SA shops
07/02/2012 - 09:21
The retail environment in SA will see big changes within the next year or so, experts say. The cellphone will be at the centre of the revolution.
Metcash sells nine Franklins stores to Ritchies
07/02/2012 - 09:20
Metcash has reached an agreement with Ritchies for the sale of nine Franklins stores, which will be rebranded under the IGA banner
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 âto drop their prices so that customers can benefitâ.
SA firms improve position
30/01/2012 - 11:04
Cape Town â South Africa's major retailers have risen in the rankings of the 250 global companies. Shoprite Holdings [JSE:SHP] still leads the local choir at No 92. This can be seen in Deloitteâs latest annual global retail report, Global Powers of Retailing 2012: Switching Channels.
Shortage of products hits Pick n Pay in Swaziland
30/01/2012 - 09:29
Pick n Pay has announced that it is currently experiencing a shortage of some products.
Pick ân Pay to rebrand TM stores
26/01/2012 - 10:43
South Africaâs Pick ân Pay has outlined plans to rebrand TM stores countrywide. This will give an economic boost of about $13 million and create employment, âOur new investment in Zimbabwe will pump $13 million into the economy.
NestlĂ© develops âfrustration-freeâ packaging
24/01/2012 - 08:15
NestlĂ© has announced that it is developing âfrustration-freeâ packaging for some of its products to ensure consumers of all ages can use them without difficulty.
Pick n Pay appoints merchandising head
18/01/2012 - 10:28
Retailer Pick n Pay announced on Tuesday that international retail professional Helmut Hoerz would join the company for a two-year assignment as head of merchandising.
New soft drink âYes!â launched at Pick n Pay Western Cape stores
10/01/2012 - 09:33
A new soft drink - now at PnP stores in the Western Cape - talks directly to the SA youth market
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.
SA retailers look to rest of Africa
20/12/2011 - 09:18
As competition intensifies in SA, local retailers have looked offshore for growth and many have also understandably set their eyes on the rest of Africa.
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.
France fines washing powder firms
09/12/2011 - 08:25
Paris/Frankfurt - Franceâs competition authority slapped fines totalling $484m on Colgate Palmolive, Henkel and Procter & Gamble for fixing prices of washing powder in France from 1997 to 2004.
Pick n Pay Launches 4th Store In Zambia
08/12/2011 - 09:08
Cape Town - Pick n Pay recently launched its fourth Zambian store. Pick n Pay opened its first store in Lusaka in July 2010; its second store in Ndola in March 2011; and the third in Levy in November 2011. The fourth store, which will be situated in Makeni, is one of five planned for the country over the next four years.
Europeâs 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).
Massmart achieves best performer status in latest JSE SRI Index
07/12/2011 - 10:44
Massmart has been recognised as one of the best performers in the medium environmental impact category of the JSEâs 2011 Socially Responsible Investment (SRI) Index, the results of which were announced yesterday (6 December 2011). According to the results, the group's environmental and climate change practices were recognised as constituting best practice.
PnP ups stake in Zimbabwe chain
05/12/2011 - 09:01
Harare - Zimbabwe's competition regulator approved Pick n Pay Stores [JSE:PIK] plans to raise its stake in that countryâs biggest grocery merchant, a $13m deal that forms part of the South African food retailerâs expansion plans across the continent.
Pick n Pay backs down on job cuts
02/12/2011 - 10:18
Johannesburg - Retailer Pick n Pay Stores [JSE:PIK] said on Thursday it had reached an agreement with the SA Commercial, Catering and Allied Workers Union (Saccawu) that would result in no forcible retrenchments.
Court overturns Pick n Pay sale hurdle
01/12/2011 - 08:44
An Australian court overturned a decision by the country's competition watchdog to block wholesale firm Metcash buying stores from South Pick n Pay Stores [JSE:PIK] - a precedent that may make it harder to challenge future deals.
Top retailers avoid equity BEE partners
28/11/2011 - 08:35
Politically connected empowermentâs 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.
Australia approves Foster's takeover
28/11/2011 - 07:50
Sydney - Australia on Friday approved brewer SABMiller's AU$9.9bn takeover of Foster's, but with strict conditions that will see key operations remain in the country.
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?
Pick n Pay opens third store in Zambia
25/11/2011 - 09:32
Retailer Pick n Pay has announced the opening of its third Zambian store in Lusaka, further signalling the group's confidence in the Zambian economy.
World premiere: instant genuine-or-fake authentication
17/11/2011 - 11:05
AlpVision has made a big step forward in providing mobility for on the fly âGenuine or Fakeâ verification of molded parts with an iPhone4 mobile device. The application is suitable for many items, for example for fast-moving consumer goods containers for liquid, powder or tablets, which are present in millions of stores worldwide. Molded parts are heavily used in toys, footwear, home appliances, circuit breakers and many other products in industrial and consumer markets.
CPA 'plain language' poser
16/11/2011 - 08:28
The Consumer Protection Act's requirement that information about products and services be presented to consumers in "plain and understandable" language, is challenging lawyers to find a legally acceptable consensus on how such language can be defined and applied in a way that complies with the law.
Tiger Brands forecasts higher profits
15/11/2011 - 10:23
Branded fast-moving consumer packaged goods company Tiger Brands (TBS) said on Tuesday that it expected headline earnings per share (HEPS) to reflect an increase of between 10% and 15% for the year ended September 2011, from R13.93 previously.
Heineken, Coca-Cola Hellenic to raise stakes in European JV
11/11/2011 - 09:19
Dutch brewing major HEINEKEN and Coca-Cola Hellenic have reached an agreement to acquire 41.2% shares in their joint venture beverage company, Pivara Skopje, in Former Yugoslav Republic of Macedonia (FYROM) in Europe.
Pick n Pay opens store two in Mauritius
31/10/2011 - 09:22
In line with its aggressive African expansion plans, retailer Pick n Pay (PIK) on Friday announced the opening of its second Mauritian store at Cascavelle in Mauritius.
Nu-World knocked by slow spending
28/10/2011 - 08:22
Compounding the industry strike, a consistently strong rand saw the manufacturing division struggling to compete against imports
Pick n Pay founder Raymond Ackerman receives lifetime achievement award
26/10/2011 - 09:17
Pick n Pay founder Raymond Ackerman yesterday received the CNBC Africa All Africa Business Leaders Awardsâ (AABLA) Lifetime Achievement award for having achieved phenomenal success as a businessman and for highlighting the importance of philanthropy in business.
Pick n Pay launches new top of the range house brand after two years of research, as international trends show major shift to private labels
20/10/2011 - 15:15
[Cape Town, 19 October 2011] Pick n Pay today announced the launch of a brand new Private Label brand, âFinestâ, positioned as the ultimate offering in the Pick n Pay-branded range of products. Finest has been developed as an exceptional range of sophisticated food products made from premium ingredients, raw materials and delicious flavours sourced from around the world.
Pick n Pay interim results show 7.4% increase in turnover
20/10/2011 - 15:10
Pick n Pay interim results show 7.4% increase in turnover; R270m invested in transformation; Smart shopper loyalty programme exceeds expectations - annual cardholder targets beaten by 30% in the first six months
Pick n Pay setback seen as the setup for a comeback
20/10/2011 - 09:59
If the adage of admitting one's mistakes is the first step to improving, then embattled retailer Pick n Pay could well be on the road to recovery, despite being far behind the curve with a 40% decline in first-half profits.
Pick n Pay faces R250m bill for layoffs
20/10/2011 - 09:42
Pick n Pay, SAâs second-largest grocer, may spend as much as R250m to cut 10% of its workforce and is casting its eye over the rest of the company as it implements its transformation programme aimed at bringing global best practices into the group.
Pick n Pay earnings fall short
19/10/2011 - 09:57
Johannesburg - Pick n Pay Stores [JSE:PIK], South Africa's second-biggest grocery retailer, reported a 40% decline in first-half profit on Wednesday, hit by the start-up costs for its newly launched shopper reward programme and investments in its distribution system.
Quest for best weighs on Pick n Pay
17/10/2011 - 08:59
Pick n Payâs (PIK) significant investment to transform into a globally competitive retailer will have a material impact on its half-year profit, which it sees as being 35%-45% lower than last year.
Cadbury to launch confectionery range in new packaging
05/10/2011 - 10:53
UK-based brand and packaging design agency Slice Design has created a new look for Kraft Foods' Cadburyâs range of Christmas confectionery.
Grain and oilseeds joint venture in South Africa to go ahead
03/10/2011 - 13:45
The Competition Commission has approved a joint venture agreement between Bunge SA and Senwes Limited and has issued a merger clearance certificate.
Growing the mushroom business
28/09/2011 - 09:56
Denny Mushrooms, recently sold by AVI as branding mushroom products was no longer viable in the face a wide range of cheaper imported products, will look to grow its business by increasing sales among upper-income black consumers.
Boost for BOS brand
28/09/2011 - 09:17
Local ice-tea brand gets a boost with news that Manchester United manager Sir Alex is taking a 10% stake, InVenFin part of investment giant Remgro is taking 20%
PepsiCo toasts agricultural partnership with Chinese government
23/09/2011 - 11:24
PepsiCo has signed a Memorandum of Understanding with the Ministry of Agriculture of the People's Republic of China to promote "sustainable agriculture projects".
Worldâs poorest face soaring food prices
23/09/2011 - 10:23
Report warns new round of food inflation with severe hikes in the price of basic foodstuffs is plunging many of the worldâs poorest people into deeper poverty and into situations of severe hunger and malnutrition
Bunge-Senwes deal passed
23/09/2011 - 10:16
The Competition Commission has approved a joint-venture agreement between global agribusiness and food company Bunge Europe and South African agribusiness company Senwes to develop grain and oilseed operations in SA.
Russian wheat seeks new markets
21/09/2011 - 10:15
Russian wheat exporters aim to ramp up sales to nascent markets such as South America due to their cheap price edge, which may also give a boost to freight rates which are struggling with a ship glut.
Ububele profits down
16/09/2011 - 12:34
Ububele Holdings on Thursday posted a drop in headline earnings per share from continuing operations to 4.75 cents in the year ended June, from 8.30 cents previously.
Consortium buys Denny Mushrooms
15/09/2011 - 10:43
A consortium consisting of key management members, RMB Ventures and Pan-African Private Equity Fund 1 have concluded a management buyout of Denny Mushrooms.
Confectionery sector leads launch activity in first half of 2011
13/09/2011 - 08:31
Innova Market Insights reports that confectionery was the leading food and drinks sector in terms of global launch activity in the first half of 2011. This occurred despite the industry having a rough ride in 2010, as a result of rising prices in the wake of increasing raw material costs, particularly for cocoa and sugar.
Standard Bank sees sugar output growth in Africa
12/09/2011 - 09:38
South Africa's Standard Bank expects sugar production in Africa to grow, supported by increased demand and firmer prices, its head of investment banking said.
Tiger Brands Can Use Debt as âFirepowerâ for African Purchases, CEO Says
09/09/2011 - 10:10
Tiger Brands Ltd. (TBS), South Africaâs largest food company, said it can boost its levels of debt to make acquisitions across the continent as it expands outside its home market.
Clover forecasts higher profits
09/09/2011 - 09:03
Clover Industries (CFR) said on Thursday that headline earnings per share for the 2011 financial year were likely to increase to 113.84 cents from 33.07 cents previously.
Strong consumer demand boosts AVI
05/09/2011 - 12:55
Johannesburg - Branded consumer products group AVI [JSE:AVI] on Monday reported a 31.1% rise in diluted headline earnings per share (Heps) from continuing operations to 239.7 cents for the year ended June 2011, from 182.9c a year ago. Heps from continuing operations was up 31% to 248c.
Denny Mushroom merger approved
02/09/2011 - 16:09
Johannesburg - The Competition Tribunal has approved the merger between Blue Falcon and Denny Mushrooms.
GI and Diabetes SA endorsement logos get official approval
26/08/2011 - 10:55
The GIFSA and Diabetes SA endorsement logos have been officially approved by the Dept of Health, reports Jan Delport of the GI Foundation of South Africa. R146, the new labelling regulations, requires all food endorsement logos to get approval from the DoH.
Country Bird posts profit increase
24/08/2011 - 08:14
Poultry producer Country Bird Holdings (CBH) on Tuesday posted a 178% rise in diluted headline earnings per share to 64.57 cents for the year ended June, from 23.25 cents in the previous comparable period.
Kraft Foods: going separate ways
19/08/2011 - 11:38
Last week Kraft Foods announced its intention to split into a global snacks business with estimated sales of US$32bn and a US grocery business with
The search is on for SA's best olive oils
19/08/2011 - 09:39
South Africaâs top olive oils have just been put to the test at the Nederburg Auction Complex in Paarl during the judging of the sixth olive oil competition presented by SA Olive, the voluntary association representing the SA olive industry. Exciting news is that an internationally renowned judge has joined the formidable South African judging panel. In addition, the competition drew 58% more entries than previous years.
Two major newcomers plan to spice up SA's FMCG food market
17/08/2011 - 15:59
SAâs fast-moving consumer goods (FMCG) market is set for a shakeup. At the retail level Walmart will see to it. At the product-supply level two new foreign entrants, Iffco Worldwide and Diplomat, aim to do the same, reports The Financial Mail.
SABMiller make new offer for Fosterâs
17/08/2011 - 08:40
SABMiller has made a new offer to acquire the Australian brewer after the original offer was rejected
Bright Food Says Itâs Agreed to Buy Majority Stake in Australiaâs Manassen
15/08/2011 - 10:29
Bright Food Group Co., Chinaâs second-largest food company, agreed to buy a majority stake in Australiaâs Manassen Foods.
Nestleâs Biggest Takeover in China Creates 23% Return at No Risk: Real M&A
15/08/2011 - 10:17
Nestle SAâs biggest acquisition in China is giving traders a chance to reap a 23 percent profit without the risk of losing any money on the deal.
Warning of spike in commodity and food prices
15/08/2011 - 09:32
South Africans should brace themselves as commodity and food prices are expected to be a lot higher next year, driven mainly by unreliable weather, the Bureau for Food and Agricultural Policy says.
Starbucks Supplier May Buy Instant Coffee Maker
12/08/2011 - 09:33
Tata Coffee Ltd, Asiaâs largest publicly traded grower of the bean, plans to spend more than five billion rupees ($110 million) to acquire an instant coffee maker in Europe in a bid to boost profit margins.
Rosenfeld wakes market with Kraft split plan
08/08/2011 - 09:27
Kraft Foods Inc (KFT.N: Quote) CEO Irene Rosenfeld ended her victorious five-month battle for British chocolatier Cadbury last year saying she wanted a good night's sleep.
Is Augmented Reality right for your brand?
05/08/2011 - 08:56
Augmented reality (or "AR," is it?) is the next "it" when it comes to marketing. Big time players like BMW, Ben & Jerry's Ray-Ban, and eBay -- and even those without a "B" in their name, such as Audi -- are jumping on the augmented reality bandwagon.
Adcock Ingram acquisition of NutriLida gets Competition Commission Approval
04/08/2011 - 15:10
Adcock Ingram has been given unconditional approval by the Competition Commission to acquire Johannesburg-based supplements business NutriLida Healthcare. The acquisition, which comes into effect on 1 August 2011, will further strengthen Adcock Ingramâs position as the leader in the vitamins, minerals and supplements (VMS) market, while increasing its market share in the broader fast moving consumer goods (FMCG) market.
Africa: the next big retail destination
03/08/2011 - 13:18
Africa makes up 21 % of the Worldâs population, but contributes less than 4% to formal grocery sales globally. However, this is set to change as South African retailers gear up for growth in the rest of the continent.
Brands on social media: adding value or not?
01/08/2011 - 15:05
From your local coffee shop all the way to the likes of Coca-Cola, ever-increasing numbers of brands are taking advantage of the vast opportunities that social media can offer, but are they adding value for their brands? Are they adding real value for consumers? And should all brands even be engaging on social media? The conversations about your brand that used to happen around the water cooler at work or the friends' braai are now happening online in front of a much larger audience of your consumers or potential consumers.
Expert: Walmart gives SA global reach
27/07/2011 - 10:16
Johannesburg - South Africa is not benefiting from "global value chains", but Walmart's acquisition of Massmart Holdings offers some hope, Professor Stephen Gelb of the University of Johannesburg said on Tuesday.
Walmart to sell SA hake
26/07/2011 - 10:31
Johannesburg - Lonrho's seafood division Oceanfresh is to supply hake fillets to Walmart stores in the US from October, it said on Monday.
Kelloggâs real people, real lives, real stories
25/07/2011 - 14:06
When you want to hear the truth, get it straight from your target marketâs mouth! Thatâs the premise of Kelloggâs All-Branâs new television campaign, featuring real brand advocates.
Govt doesn't want to block Walmart deal
25/07/2011 - 10:44
Johannesburg - Government is not seeking to overturn competition regulators' approval of Walmart buying control of local retailer Massmart Holdings, but wants tougher conditions for the deal, the Business Day newspaper reported on Monday.
Walmart deal hits Massmart profit
25/07/2011 - 09:53
Retail group Massmart Holdings said on Monday it is expecting headline earnings per share of between 397c and 442.4c for the 52 weeks to June 26 2011.
State won't veto Walmart deal - official
22/07/2011 - 14:04
Cape Town - The government is not considering a veto of the Walmart-Massmart merger, but believes public interest concerns make a review essential, economic development director-general Richard Levin told MPs on Thursday.
Stateâs court bid to undo Walmart merger
21/07/2011 - 11:04
IN A move that will set alarm bells ringing in the minds of potential investors, the government is seeking to overturn the Competition Tribunalâs decision to allow Walmartâs takeover of Massmart .
Illovo expands green power projects
21/07/2011 - 10:00
ILLOVO Sugar, Africaâs largest producer, is growing its biofuels and power generation capacity as it expands production outside SA.
Caturra Coffee Company offers 100% compostable packaging
21/07/2011 - 08:58
Caturra Coffee Company allies with Natureflex™ films to offer 100% compostable packaging to FMCG and the Horeca Industry
Walmart/Massmart merger legislation sufficiently robust to protect interests of all stakeholders
20/07/2011 - 15:48
In line with the revised parliamentary portfolio committee hearing rules announced by the Chairperson of the portfolio committee at the start of proceedings yesterday, Massmart CEO Grant Pattisonâs submission before parliament today dealt primarily with the competition approval process, while highlighting some of the merger benefits.
Walmart pledges to spend R60bn on food
20/07/2011 - 14:30
Cape Town - Walmart's South African operations plan to purchase R60bn worth of food locally and employ 15 000 people over the next five years, Massmart CEO Grant Pattison said on Wednesday.
Woolworths profit to jump
19/07/2011 - 09:23
Johannesburg - Retailer Woolworths Holdings has reported group sales increased 9.4% for the year ended June 26 2011, with sales in comparable stores up 6.3%.
Massmart announces senior appointment to head up R100 million Supplier Development Programme
15/07/2011 - 10:01
In line with Massmart and Walmartâs commitment to develop local suppliers, Massmart announced the appointment of Mncane Mthunzi, current CEO of the Consumer Goods Council of South Africa (CGCSA), as Supplier Development Executive.
Walmart hearing may launch debate on new laws
14/07/2011 - 10:45
LOCAL competition attorneys plan to use next weekâs parliamentary hearing into Walmartâs takeover of Massmart as an opportunity to warn against meddling with the countryâs antitrust legal framework.
AVI sells Denny Mushrooms
13/07/2011 - 10:53
Johannesburg - Food group AVI will sell 100% of the issued share capital of and AVI's shareholder claims against Denny Mushrooms to Blue Falcon 134 Trading.
Pick n Pay job cuts pinned on old errors
12/07/2011 - 15:06
Large-scale retrenchments at Pick n Pay have raised questions about the companyâs leadership, but analysts say its problems are not entirely the fault of those at the helm.
Massmart wants 100% of Fruitspot
12/07/2011 - 14:36
South African discount chain store Massmart , majority controlled by US giant retailer Wal-Mart , is looking to take over fruit and vegetable supplier The Fruitspot, a spokesman said on Tuesday.
NestlĂ© buys 60% of Chinese confectioner
12/07/2011 - 08:56
Singapore - NestlĂ©, the worldâs largest food company, is paying a hefty $1.7bn for a 60% stake in confectioner Hsu Fu Chi International to move deeper into fast-growing markets in China.
Massmart sales up 12% over past year
11/07/2011 - 09:15
Johannesburg - Retailer Massmart Holdings said on Thursday that for the 52 weeks to 27 June 2011, total sales increased to R53bn - growth of 11.7% over the prior period - and comparable store sales grew 5.2%.
âWalmart effectâ in South Africa as Pick n Pay supermarket to cut over 3000 jobs
11/07/2011 - 08:49
8 July 2011 - Nyon, Switzerland: UNI Global Union said today that the announcement from South African supermarket chain Pick n Pay that it plans to cut about 3137 jobs from its workforce is a clear sign of the âWalmart effectâ it believes the worldâs biggest retailer will have on South Africa as it prepares to enter the country.
SA retailers lose allure after Walmart
08/07/2011 - 16:42
Johannesburg - After a stellar run in the months leading up to US retailer Walmartâs R16.5bn bid for Massmart, South African retailers are now seen offering little value to investors.
Pick n Pay Announces Retrenchments
07/07/2011 - 13:46
[Cape Town, 06 July 2011] Pick n Pay announced today that it had communicated with SACCAWU in terms of Section 189A and 189 (3) of the Labour Relations Act, that due to operational requirements, it was contemplating the retrenchment of approximately 3137 workers at the company within the non-management bargaining unit (NMBU).
Pick n Pay job cuts 'highlight litany of errors'
07/07/2011 - 12:00
The intention by Pick n Pay to retrench more than 3,000 employees has underlined the seriousness of the situation that the group has found itself in as it tries to play catch-up to rivals after a series of errors made by the group over the past few years, according to an analyst.
Behind Pick n Payâs over 3 000 retrenchments
07/07/2011 - 11:58
CAPE TOWN - Since Pick n Pay founder Raymond Ackerman retired last March, Pick n Pay management has repeatedly stated the need for a relationship with its trade union that goes two ways. It wants more concessions from Saccawu and more productivity from labour.
Retailers: Beating Multinationals at their Own Game
06/07/2011 - 15:03
Walmart, the worldâs largest retailer, is going ahead with its R16-billion acquisition of Massmartâs operations in South Africa, over the next five years. âIts entry poses major challenges for new and existing retailers locally, but it also presents opportunities for growth in terms of new technologies, improving supply chain efficiencies, global outsourcing and lower food and consumer goods prices,â says John Thomson, Managing Director of Exhibition Management Services, organisers of the Southern African International Trade Exhibition (SAITEX).
Massmart eyes online retail
05/07/2011 - 10:54
Massmart, which has just merged with US retail giant Walmart, is slowly gearing up to enter the burgeoning market of online retailing.
How to Survive and Thrive when New Competition Comes to Town
05/07/2011 - 00:00
Walmartâs entry into South Africa is set to have a profound and far-reaching impact on Africaâs retail supply chain. What are some of the âmust doâsâ that every retailer will have to action to survive? How can smaller retailers meet the challenge? What will be the benefits and disadvantages of Walmartâs presence in the South African market? How will that impact local retailers?
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.
Cosatu guns for Walmart, youth subsidy
01/07/2011 - 09:45
Johannesburg - Trade union federation Cosatu said on Thursday it is determined to see labour brokers banned, and said organised labour is facing two new threats in the form of Walmart and the youth wage subsidy.
Tribunal: Walmart will create jobs
30/06/2011 - 12:34
Johannesburg - Walmart's acquisition of a majority stake in Massmart Holdings raised no competition concerns, but did raise some public interest issues, the Competition Tribunal said on Wednesday.
What can The Cloud offer the FMCG world?
28/06/2011 - 13:32
Tighter margins and the constant need to reduce costs is placing enormous pressure on FMCG companies, who not only now compete in an environment of intense global competition, but who also need to shift fresh goods across an increasingly complex and often disjointed global supply chain.
Union pursues Walmart appeal
28/06/2011 - 13:07
Johannesburg - The South African Commercial Catering and Allied Workers' Union (Saccawu) has filed an appeal against the already-approved takeover of local retailer Massmart Holdings by US retail giant Walmart.
New tech for old fruits
28/06/2011 - 11:54
Green Cell Technologies' enhanced extraction process has transformed the fruit juice manufacturing industry.
Bribery Act spells trouble for UK food exporters
28/06/2011 - 11:39
A top lawyer has expressed concern that the UK's pending Bribery Act could lead to difficulties for food manufacturers exporting or producing abroad, especially to âhigh riskâ countries.
Customers to realise immediate benefits from Walmart investment in Massmart
27/06/2011 - 07:29
Early start to the principle of âsaving people money so they can live betterâ, a goal to create 15,000 new jobs and an additional R60 billion in food and FMCG procurement.
AVI sees earnings rise of at least 23%
23/06/2011 - 12:00
Johannesburg - Consumer group AVI expects consolidated headline earnings per share for the year to June to increase by between 23% and 33%, compared with the previous year.
Lovely lolly for Lamberti - Walmart deal brings in R249m to the top three at Massmart
23/06/2011 - 09:18
MARK Lamberti, chairman of Massmart, Grant Pattison, the CEO, and Guy Hayward, the CFO, cashed in shares worth R249-m as Walmart consummated its offer for 51% of the shares of Massmart.
Pick n Pay opens first store in Mozambique
23/06/2011 - 09:12
[Cape Town, 23 June 2011] Pick n Pay today announced the opening of its first Mozambican store in Maputo which will extend its African footprint still further. The company would open a further two stores later this year and was actively seeking further opportunities across the country.
Interview with Dale Good, CEO of GLS Supply Chain Equipment
23/06/2011 - 08:45
Last week we had the opportunity to sit down with Dale Good, CEO of GLS Supply Chain Equipment, and talk about the current state of distribution and logistics in South Africa. He gave us exclusive insights into the industry and offered his advice on how SA can optimise its operations and in doing so catch up with its foreign counterparts.
Wage talks deadlock
22/06/2011 - 12:34
Wage negotiations in the chemical, wood and paper sectors have deadlocked, the Chemical, Energy, Paper, Printing, Wood and Allied Worker' Union (Ceppwawu) said on Tuesday.
Not intended for sale in SA
22/06/2011 - 10:42
SHARP-eyed shoppers may have noticed some unfamiliar brands, or different variants of well-known brands, on the shelves in Shoprite/Checkers stores lately.
Retail sales rise sharply in bumper April
20/06/2011 - 08:16
Retail sales rose sharply in April, with annual growth jumping to 9.8 percent from 5.3 percent in March and far surpassing a consensus forecast of a 5.1 percent rise.
Squeeze on Shoppers Continues into May, state Synovate Retail Performance
15/06/2011 - 14:38
The latest footfall data from Synovate Retail Performance post further disappointing news for retailers. The UK Retail Traffic Index (RTI), the national indicator of non-grocery store footfall, shows that shopper numbers fell by 4.0% in May against the same month of 2010. Against April, there was a 3.4% decline.
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).
Brics to welcome new African trade area
14/06/2011 - 10:36
Johannesburg - The $1 trillion agreement to create a free trade bloc of African countries, signed by African leaders over the weekend, would serve as a considerable boost to the Brics accord, said Miller Matola, CEO of the International Marketing Council, on Monday.
Namibian court okays Wal-Mart's deal
13/06/2011 - 14:26
Wal-Mart has been given the go-ahead by a Namibian court to implement its $2.4 billion takeover of South African retailer Massmart pending an appeal to have conditions attached to the deal, a newspaper said on Friday.
Ackerman says Pick n Pay is not planning Tesco deal
13/06/2011 - 11:42
There was no substance to reports that British retail giant Tesco was talking to Pick n Pay about a possible transaction, Pick n Pay chairman Gareth Ackerman told Business Report on Friday.
Loyalty card sends Pick n Pay sales up
13/06/2011 - 08:24
The introduction of its smart card was believed to have helped Pick n Pay achieve âsome improvementâ in trading during the first three months to the end of May, chief executive Nick Badminton said at the retailerâs annual general meeting (AGM) on Friday.
The Power of On-Pack Cross Promotions
07/06/2011 - 14:52
Research commissioned by the Point of Purchase Advertising Institute, the global organisation for marketing in retail shows that not more than 50% of marketing budgets are allocated to below-the- line advertising when this is in fact where purchasing decisions are made.
Pick n Pay chairman slams haste of Protection of Information Bill
07/06/2011 - 09:20
[Cape Town, 07 June 2011] It is a progressive truism that business â the engine of prosperity, job-creation and economic growth â can only flourish in a society where the flow of information is free and unfettered by undue state control. Without the assurance that financial data is not manipulated, that vital information is not being suppressed and that government malfeasance is not being concealed, it is virtually impossible for the private sector to make the long-term, strategic investment decisions that are essential to its survival.
Old Mutual Trophy Wine Show 2001 Awards - An Unsurprising Surprise
06/06/2011 - 15:06
In the most closely contested race since the inaugural event in 2002, Spier edged ahead of Thelema Mountain Vineyards to take the Fairbairn Capital Trophy for the Top Producer at the 2011 Old Mutual Trophy Wine Show.
Fairtrade sales in South Africa reach ZAR 18.4 million in 2010
06/06/2011 - 14:20
Fairtrade Label South Africa (FLSA) is glad to announce that Fairtrade is growing from strength to strength with sales in 2010 reaching ZAR 18.4 million, a steep increase from the ZAR 5,7 estimated in 2009, showing that awareness and demand for Fairtrade products in South Africa are on a rise. The bulk of the sales are mainly accounted for by local Fairtrade wine and African Fairtrade coffee, which are currently the key Fairtrade products available on the local market.
Walmart to focus on SA culture
06/06/2011 - 10:18
Cape Town - Walmart was apparently not surprised to find, in its research on South Africa, that most South Africans did not know the company at all.
Animal health tender won
03/06/2011 - 12:14
Cipla Agrimed, an animal health company, won a tender last month to supply all the nine provinces with several animal health products. Jerome Smith, the chief executive of holding firm Cipla Medpro, said yesterday.
6000 fishing workers on strike
03/06/2011 - 11:38
About 6000 Food and Allied Workers' Union members in the pelagic fishing sector will embark on a legal strike at various plants on the West Coast, in Gansbaai and Hout Bay, on Friday at noon, the union said.
Pyro Inspiration Awards third round selection
03/06/2011 - 10:33
Pyrotec has announced the third round of finalists for the 2011 Pyro Inspiration Awards, which aims to award innovative and exceptional on-pack devices.
Walmart to focus on frozen foods
03/06/2011 - 08:16
Rogers, Arkansas - As Walmart expands its international business, the company wants to bring ideas from Massmart Holdings [JSE:MSM] to other markets, company executives said on Thursday.
SA risks breaking WTO rules over Walmart
27/05/2011 - 08:07
Johannesburg - South Africa is unlikely to impose local supply targets in its upcoming ruling on Walmart's R16.5bn bid for retailer Massmart Holdings because such demands could violate international trade rules.
Interview with James House, CEO of 5one â The architects behind Pick n Payâs Smart Shopper programme
26/05/2011 - 08:34
Earlier this week we were fortunate enough to interview James House, CEO of 5one. In our discussion he divulged how Pick n Payâs Smart Shopper programme will affect suppliers. We also explored topics such as, who the global players are in customer loyalty and 5oneâs impact and plan in South Africa. Click through to read the full interview.
Pick n Pay and Unicross collect 18 tons of batteries
16/05/2011 - 13:30
[Cape Town, 16 May 2011] Nearly 18 tons of batteries have been collected since the introduction of a joint battery recycling programme between Pick n Pay rechargeable battery manufacturer Uniross last year.
Pick n Pay annouces the retirement of Merchandise Director Kevin Korb
13/05/2011 - 08:51
(Cape Town, 12 May 2011) Pick n Pay today confirmed the retirement of Merchandise Director Kevin Korb, after 30 years at the company. He will leave Pick n Pay at the end of June.
Pick n Pay forms partnership with 5one to create South Africaâs first major grocery loyalty programme
11/05/2011 - 08:34
5one, one of the worldâs leaders in customer centric business transformation and the architects of Pick n Payâs recently launched Smart Shopper rewards programme, has brought its cutting edge services and know-how to bear in launching South Africaâs first major grocery chain loyalty scheme.
How does Pick n Pay's smart shopping work?
01/05/2011 - 12:00
Once a customer has collected 1,000 smart points (R1 for every point), points can be switched for cash back on the card to spend in store. Customers will also receive regular special offers which are tailored to meet their needs. Itâs a simple as that!
Pick n Pay Stores Ltd year-end results âdisappointingâ but within event-filled year
18/04/2011 - 14:34
Pick n Pay elaborate on growth in emerging market, their Private label, clothing and liquor. Furthermore, Smartshopper looks to be exceptionally promising, and they look at further expansion into Africa.
Pick n Pay slides on profit warning
07/04/2011 - 15:06
Johannesburg - South Africa's second-biggest grocer retailer Pick n Pay's profit guidance missed forecasts on Thursday, stung by higher costs and industrial action, sending its shares tumbling nearly 5%.
Pick n Pay's latest trading statement
31/03/2011 - 00:00
Pick n Pay said today that in advance of releasing its 28 February year end results, due to be published on 18 April, it would share with the market that HEPS and diluted HEPS from continuing operations would be between 10% and 25% below the previous year. HEPS from continuing operations is the measure used by the company for an accurate reading of performance.
Pick n Pay opens its second store in Zambia
30/03/2011 - 15:34
[Cape Town, 28 March 2011]Retail group Pick n Pay announced today the opening of its second store in Zambia which will extend its African footprint still further. The company opened its first Zambian store in Lusaka in July last year. The Ndola store is the second of seven planned for the country over the next four years.
Pick n Pay says 'Thank You' in South Africa's first major grocery loyalty programme
30/03/2011 - 00:00
Cape Town, 17 March 2011] Retail giant Pick n Pay today launched South Africaâs first major grocery chain loyalty programme as part of its business strategy which will enable the retailer to build a stronger relationship with its customers in years to come. The total capital investment is some R140-million.
Pick n Pay raises R500m
24/03/2011 - 00:00
Johannesburg - Retailer Pick n Pay Stores [JSE:PIK] announced on Friday that it has listed a domestic medium-term note (DMTN) programme on the JSE, under which it has successfully raised an initial R500m.
Grocery giants tussle over who is biggest
13/09/2010 - 00:00
Shoprite said its market share for June had risen to 34,4% this year from 32,9% last year. Over the same time, it said, Pick n Payâs share had fallen to 31% from 32,9%.
Newsmaker: Gareth Ackerman of Pick n Pay
01/09/2010 - 11:46
The head of the supermarket group explains why few businesses are willing to speak out against government, writes Chris Barron.
Pick n Pay ventures into Zambia
27/07/2010 - 00:00
Johannesburg â Pick n Pay Stores [JSE:PIK] is looking increasingly to southern Africa for growth, signalled by the opening of its first store in Zambia on Thursday.
Pick n Pay to upgrade distribution
21/07/2010 - 00:00
Johannesburg - Proceeds from the sale of the Australian business Franklins will help Pick n Pay Stores [JSE:PIK] fund the roll-out of distribution centres, CEO Nick Badminton said on Tuesday, as the group tries to catch up with competitors on supply chain efficiency.
Analysts struggle to call race between Shoprite and Pick n Pay
19/07/2010 - 00:00
The battle for market share between South Africa's retail giants Shoprite Holdings and Pick n Pay seems to be hotting up.
Shoprite, Pick n Pay rated âbuyâ
15/07/2010 - 00:00
Shoprite Holdings , SA âs biggest retailer by market value, and Pick n Pay Stores were rated âbuyâ in new coverage at Avior Research on the outlook for margin growth and inflation.