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Remgro sells minority interest in Unilever SA

22/09/2017 - 17:01

Investment conglomerate Remgro has agreed to exchange its minority shareholding in Unilever SA for Unilever’s Spreads business in Southern Africa and R4.9bn in cash. 

The companies said in a joint statement on Friday that Unilever had agreed to purchase Remgro’s 25.75% stake for R7bn, for a total transaction representing R11.9bn, or... 


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Tesco plegdes to halve food waste by 2030

22/09/2017 - 10:23

Tesco has announced a major initiative to ramp up its sustainability operations, pledging to reduce food waste by 50 percent ...

Luxury goods group Richemont sharpens online focus with two new appointments

22/09/2017 - 09:18

Luxury goods retailer Richemont has signalled a shift in focus with the creation of a new role — chief technology officer....

Biggest cocoa growers seek larger slice of chocolate profits

21/09/2017 - 16:00

The world’s biggest cocoa-growing nations in West Africa are targeting a larger slice of chocolate-making profits as most o...

Diageo warns sales dip in China and India to affect first-half earnings

21/09/2017 - 10:51

Diageo, the maker of Johnnie Walker whisky and Smirnoff vodka, forecast stronger sales and profit growth in the second half o...

Interest rate cut may be on the cards

21/09/2017 - 10:36

With inflation heading down towards the mid-point of the target range, most economists expect another 25 basis point cut in i...

Energy drinks on the rise in SA

21/09/2017 - 10:16

Television ads are pushing up the sales of energy drinks‚ which are the highest-growing market in the beverage sector....

Western Cape government to clamp down on alcohol sales

21/09/2017 - 09:42

It's going to be much harder to buy a beer in Cape Town‚ if the Western Cape government has its way....