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NEWS - Africa's FMCG Retail Authority

Ghana voted Vice Chairman of African Shippers Council

Ghana voted Vice Chairman of African Shippers Council

01/11/2013 - 08:29
Ghana has been voted the Vice Chairman of the Union of African Shippers Council (UASC) for the first time in the history of the organisation. read more
Commercial space rent doubles in Nakuru town, boosted by retail chains

Commercial space rent doubles in Nakuru town, boosted by retail chains

01/11/2013 - 08:27
Construction of commercial space is turning out a lucrative venture for landlords in Nakuru as letting prices appreciate. Prices have doubled from Sh20-30 per square foot a month three years ago to Sh60-70 per square foot, a spot check by the Star reveals. read more
Local liquor giant, Kasapreko Company, is 6th on Ghana Club 100 list

Local liquor giant, Kasapreko Company, is 6th on Ghana Club 100 list

31/10/2013 - 08:26
Indigenous liquor giant, Kasapreko Company Limited (KCL) placed sixth in the 2013 Ghana Club 100 ranking. read more
Uchumi workers to close shop over pay

Uchumi workers to close shop over pay

31/10/2013 - 08:23
Uchumi supermarkets could grind to a halt next Wednesday if employees make good their threat to down their tools. The Kenya Union of Commercial Food and Allied Workers has issued a strike notice dated October 9 to pressurise the supermarket chain's management to meet workers' demands for higher pay. read more
25 milling plants coming, Zambia

25 milling plants coming, Zambia

30/10/2013 - 09:30
THE Zambia Cooperative Federation (ZCF) is scouting for US$21 million to set up milling plants in 25 districts. read more
Target in big multichannel holiday push; rolling out in-store pickups

Target in big multichannel holiday push; rolling out in-store pickups

30/10/2013 - 09:27
Minneapolis – Target Corp. is making a big online push for the holidays, including expanding its in-store pick-up program for products ordered online to all of its U.S. stores by Nov. 1 (the service is now available in about half of the chain’s locations). And for the first time, Target will promote the concept of Cyber Week, with an ad campaign Dec. 1 through Dec. 3 that focuses on Cyber Week deals including Cyber Monday. read more
Walmart to expand in China with 110 new stores

Walmart to expand in China with 110 new stores

29/10/2013 - 08:31
Bentonville, Ark. – Wal-Mart Stores plans to open as many as 110 stores in China between 2014 and 2016, as well as several new Sam’s Club locations there. The new stores will employ as many as 19,000 people. read more
Mr Price shares hit record amid slump

Mr Price shares hit record amid slump

29/10/2013 - 08:28
Mr Price Group Ltd. advanced to a record high after the South African clothing and furniture retailer said earnings climbed 18 to 22 percent even as household budgets tightened. read more
Tesco vows to curb Britain's food waste

Tesco vows to curb Britain's food waste

28/10/2013 - 09:07
Berlin - Tesco, Britain's biggest retailer, has vowed to cut the near 60 000 tonnes of food wasted by its suppliers and shoppers each year, the latest firm volunteering to help tackle a growing environmental problem. read more
SA lacks international business brand

SA lacks international business brand

28/10/2013 - 09:00
Cape Town – The persistent weakness in the perception of SA in international media coverage is the under-representation of SA’s business sector and the difficulty to identify a business leader or leaders “representative" of the country. read more
SA black middle class pegged at 3 million

SA black middle class pegged at 3 million

28/10/2013 - 08:56
A Stellenbosch University study shows a rapidly growing black middle class in South Africa, along with a dramatic decline in racial inequality. read more
Clicks climbs after annual results

Clicks climbs after annual results

25/10/2013 - 11:12
Johannesburg - South African beauty and pharmaceutical retailer, Clicks, has said trading over the Christmas holiday season is critical to its fiscal 2014 performance as consumer spending remains weak read more
Wall St gains on Fed hopes

Wall St gains on Fed hopes

25/10/2013 - 10:22
New York - US stocks resumed their upward move on Thursday as economic data underscored views US monetary stimulus will be in place for the foreseeable future and as earnings offered some upbeat news. read more
Microsoft reports powerful performance

Microsoft reports powerful performance

25/10/2013 - 09:58
Microsoft Corp cruised past Wall Street’s quarterly profit and revenue forecasts on Thursday, helped by strong sales of its Office and server software to businesses, sending its shares up more than 5 percent after hours.  read more
Samsung surges to new profit high

Samsung surges to new profit high

25/10/2013 - 09:51
Samsung Electronics Co Ltd’s quarterly operating profit surged 26 percent to a new record, matching estimates and powered by a strong recovery in its memory chip business as smartphone sales growth eases sharply. read more
M&S steps up convenience store roll-out

M&S steps up convenience store roll-out

24/10/2013 - 12:08
London - Britain's Marks & Spencer will step-up expansion of its Simply Food store network as it looks to benefit from growing consumer demand for smaller, convenience outlets, it said on Tuesday.  read more
SA consumer inflation rate falls

SA consumer inflation rate falls

24/10/2013 - 12:05
Johannesburg - South Africa’s inflation rate fell from the highest level in four years to 6 percent in September.  read more
SA wool prices softer

SA wool prices softer

24/10/2013 - 09:41
Port Elizabeth - The South African wool market ended softer this week, Cape Wools said on Wednesday. read more
UK clothing label George hits local shelves, today

UK clothing label George hits local shelves, today

23/10/2013 - 12:51
Massmart will open the doors to three George pop up stores today, to give South African consumers a taste of the famous British brand of clothing. read more
Customers reward a better, stronger and clearer Pick n Pay

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%.  read more
HTC CEO wants to claw back smartphone market share

HTC CEO wants to claw back smartphone market share

23/10/2013 - 10:30
HTC Corp’s chief executive has handed some duties to the company’s chairwoman as the smartphone maker struggles to claw back market share from Apple Inc and Samsung Electronics Co Ltd, the Financial Times reported. read more
Manufacturers’ sentiment index jumps to 36,61 in third quarter, Namibia

Manufacturers’ sentiment index jumps to 36,61 in third quarter, Namibia

23/10/2013 - 10:12
The manufacturers’ sentiment index jumped to 36,61 in the third quarter of this year from the -14,89 recorded at the end of the previous quarter, Simonis Storm Securities (SSS) said in a report released earlier this month. read more
Asian shares rise after Wall St rally

Asian shares rise after Wall St rally

23/10/2013 - 09:52
Hong Kong - Asian markets mostly rose on Monday, with sentiment buoyed by last week's deal in Washington to avert a default as well as a record close on Wall Street. read more
SA, Poland sign trade deal

SA, Poland sign trade deal

23/10/2013 - 08:27
Johannesburg - South Africa has endorsed a trade deal with Poland, Deputy President Kgalema Motlanthe has said read more
Shoprite operating normally, license intact - minister, Zambia

Shoprite operating normally, license intact - minister, Zambia

22/10/2013 - 09:30
Minister of Labour and Social Security, Fackson Shamenda, says Shoprite is operating normally and its operating licence is still in force. read more
US debt hits record $17 trillion

US debt hits record $17 trillion

22/10/2013 - 09:28
Washington - The US debt jumped above $17 trillion for the first time in history, the Treasury Department has said.  read more
UNZA shopping mall to cost K248m. Zambia

UNZA shopping mall to cost K248m. Zambia

22/10/2013 - 09:06
The construction of a shopping mall to be the property of the University of Zambia (UNZA) Great East Road campus will cost K248 million. read more
Meatco and Witvlei bid for Norwegian meat quota, Namibia

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.  read more
Role of venture capital in Namibian economic growth

Role of venture capital in Namibian economic growth

22/10/2013 - 08:06
The Namibian Government is injecting huge stimulus into the Namibian economy in order to accelerate the growth of local enterprises. The recent promulgation of the amended Regulation 28 and 29 of the Pension Funds Act has the potential to unlock capital and channel its flow towards entrepreneurial businesses. read more
Report: Indian Reserve Bank to rule on Walmart probe

Report: Indian Reserve Bank to rule on Walmart probe

21/10/2013 - 11:44
Bentonville, Ark. – The Indian central bank is reportedly reviewing findings of an investigation into whether Wal-Mart Stores broke that country’s investment rules in 2010.  read more
Dollar General tests fuel stations, United States

Dollar General tests fuel stations, United States

21/10/2013 - 11:29
Goodlettsville, Tenn. – Dollar General is opening its first fuel station, as part of a test pilot project. The new fuel pumps are located at the Dollar General Market in Hanceville, Ala. read more
Pioneer to slash jobs in cost cut drive

Pioneer to slash jobs in cost cut drive

21/10/2013 - 11:17
Johannesburg - Food manufacturer Pioneer Foods [JSE:PFG] is cutting jobs as part of a restructuring process to reduce costs in the face of constrained consumer spending, its chief executive has said.  read more
China’s consumer inflation rises

China’s consumer inflation rises

21/10/2013 - 10:58
hina's consumer price index (CPI), a key measure of inflation, climbed to 3.1 percent year-on-year in September, the government has said.  read more
SA’s GDP growth likely to stay at 2.0%

SA’s GDP growth likely to stay at 2.0%

18/10/2013 - 09:14
Johannesburg - The softer global economy and weak domestic business and household confidence are expected to keep South African GDP growth at 2.0% this year with a marginal pick-up to 2.8% in 2014. read more
BOS Ice Tea launches in Belgium and Holland

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. read more
Samsung offers to end patent disputes

Samsung offers to end patent disputes

18/10/2013 - 08:53
Samsung Electronics has offered to stop taking rivals such as Apple to court in Europe over patent disputes in order to end an antitrust investigation, European Union regulators said on Thursday. read more
Nakumatt eyeing East Africa's hospitality sector

Nakumatt eyeing East Africa's hospitality sector

18/10/2013 - 08:47
Nakumatt is targeting new sales within the hospitality industry by offering select label products like furnishings, decorative accessories, bath towels, bed and table linen. according to the supermarket chain's business development manager Neel Shah. read more
World markets react to US debt deal

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. read more
Walmart accelerating U.S. small store growth; upping tech investments

Walmart accelerating U.S. small store growth; upping tech investments

17/10/2013 - 11:18
Bentonville, Ark. - Wal-Mart Stores detailed a number of moves, including opening smaller stores in the United States, cutting back on overseas growth and increasing its investments in technology and e-commerce, on the occasion of the company’s 20th annual investor meeting. read more
IBM revenue hit by emerging market sales

IBM revenue hit by emerging market sales

17/10/2013 - 11:14
IBM reported a 4 percent drop in third-quarter revenue, worse than expected by Wall Street, amid a decline in hardware and emerging markets even as it beat earnings estimates. read more
NPD Group: Holiday shoppers to spend more; seek out deals, United States

NPD Group: Holiday shoppers to spend more; seek out deals, United States

17/10/2013 - 09:23
Port Washington, N.Y. -- The majority of consumers intend to spend the same as or more than last year, with fewer saying they plan to spend less, according to The NPD Group’s Holiday Spending Survey, the twelfth annual survey of consumers’ holiday spending intentions. read more
Glassmaker expands in Africa to boost revenue, Kenya

Glassmaker expands in Africa to boost revenue, Kenya

16/10/2013 - 11:38
East Africa Glassware Mart plans to double its revenue to $34 million (Sh2.9 billion) by opening in 10 new markets within Africa over the next three years. read more
Dunavant diversifies to buying maize, soya beans, Zambia

Dunavant diversifies to buying maize, soya beans, Zambia

16/10/2013 - 11:30
NWK Agri-services, formerly Dunavant Zambia, has diversified its commodity buying opportunities from cotton to soya beans and maize. read more
Shoprite boss puts blame on manufacturing

Shoprite boss puts blame on manufacturing

16/10/2013 - 11:06
Shoprite chief executive Whitey Basson has moved beyond blaming the usual suspects of unions and labour legislation for South Africa’s economic woes and has lashed out at the “declining” manufacturing sector for its lack of innovation and competitiveness. read more
KBL introduces responsibility platform

KBL introduces responsibility platform

16/10/2013 - 09:22
Kgalagadi Breweries Limited (KBL) has taken in the quest to provide information on alcohol and responsible consumption is through their site, www.talkingalcohol.com read more
Sainsbury’s plans ‘dark store’ UK

Sainsbury’s plans ‘dark store’ UK

15/10/2013 - 11:14
London - J Sainsbury, Britain's No. 3 supermarket, plans to open its first distribution centre dedicated to online grocery orders in response to rapidly increasing demand in south-east England. read more
Namibia Breweries Financial Director driven by purpose

Namibia Breweries Financial Director driven by purpose

15/10/2013 - 10:32
It is slightly less than a month since Graeme Mouton was appointed as the new Financial Director of Namibia Breweries Limited but already he says he is inspired by the O&L Purpose “Creating a future, enhancing life.” read more
Family Dollar names Jason Reiser as senior VP/lead merchandiser

Family Dollar names Jason Reiser as senior VP/lead merchandiser

15/10/2013 - 10:17
Matthews, N.C. -- Family Dollar has elevated Jason Reiser to the position of senior VP/lead merchandising officer at Family Dollar, according to an internal memo from company president and COO Mike Bloom. read more
PC market doing better than expected

PC market doing better than expected

15/10/2013 - 07:55
Despite a year on year decline of 7.6%, the worldwide PC market didn’t do as badly as it was expected to do in Q3 2013. read more
Attacq lists on the JSE

Attacq lists on the JSE

14/10/2013 - 11:00
Bringing its unique investor proposition to market, Attacq Limited today listed on the Main Board of the JSE, under the Real Estate - Real Estate Holdings and Development sector, with the short code “ATT”. read more
SABMiller: Stock hit by Unilever data, strike

SABMiller: Stock hit by Unilever data, strike

14/10/2013 - 10:30
SABMiller suffered its biggest weekly decline in more than two years last week as a strike at its South African beer operations continued and Unilever said sales growth slowed in emerging markets.  read more
Fountainhead delivers on market guidance and enters a new phase

Fountainhead delivers on market guidance and enters a new phase

14/10/2013 - 10:00
Fountainhead Property Trust last week declared a distribution for the 11 months to 31 August 2013 in line with market guidance and 2% down on its distribution for the comparable 11 months in 2012. The Trust changed its financial year-end from 30 September to 31 August. read more
Asian bacteria threatens Florida oranges

Asian bacteria threatens Florida oranges

14/10/2013 - 09:13
Washington - Citrus production in Florida, the world's second largest orange juice supplier after Brazil, is being threatened by a bacteria from Asia that has scientists racing for a remedy. read more
CEOs: Africa is on the rise

CEOs: Africa is on the rise

14/10/2013 - 08:56
Johannesburg - Africa’s CEOs are optimistic about the prospects for growth over the next 12 months, according to the PWC Africa Business Agenda 2013. read more
HP CEO promises stability in 2014

HP CEO promises stability in 2014

11/10/2013 - 09:21
Hewlett Packard Co Chief Executive Meg Whitman expects revenue to stabilize in 2014 with “pockets of growth” before the business accelerates again in 2015, sending the stock up as much as 9.5 percent on Wednesday. read more
Ghana’s public debt is fourth highest in Africa, World Bank

Ghana’s public debt is fourth highest in Africa, World Bank

11/10/2013 - 09:02
Ghana has been ranked as the fourth country in Africa with the highest public debt in relation the total value of the economy.  read more
Foschini African expansion to salvage poor SA retail outlook

Foschini African expansion to salvage poor SA retail outlook

11/10/2013 - 08:07
Foschini, JSE’s worst-performing clothing retailer this year, said it plans to open 21 new stores on the rest of the continent as consumers in South Africa continue to struggle in debt.  read more
Bacardi opens first African office in Kenya

Bacardi opens first African office in Kenya

10/10/2013 - 12:32
The World’s largest privately held spirits company, Bacardi Limited is set to open its first African sales outlet in Nairobi, Kenya on Tuesday following the growing demand for luxurious goods such as alcoholic beverages by consumers. read more
ZEMA halts Mukuba Mall construction, Zambia

ZEMA halts Mukuba Mall construction, Zambia

10/10/2013 - 12:26
The construction of the US$40 million Mukuba Shopping Mall in Kitwe has hit a snag after being halted by the Zambia Environmental Management Agency (ZEMA). read more
Zambia’s 2013 debt to reach 37% of GDP

Zambia’s 2013 debt to reach 37% of GDP

10/10/2013 - 11:52
Zambia’s domestic and external debt for the year 2013 is projected to reach 37 percent of the country’s GDP. read more
East Africa Breweries Limited posts 6% annual sales increase

East Africa Breweries Limited posts 6% annual sales increase

10/10/2013 - 11:27
East African Breweries Limited (EABL) in August said it posted “good results” in the year to June despite tough operating conditions in markets such as Uganda and Tanzania.  read more
Fresh retail concepts open at Mall of the North, Polokwane, Limpopo

Fresh retail concepts open at Mall of the North, Polokwane, Limpopo

09/10/2013 - 11:06
Mall of the North is bringing shoppers more of what they want and improving its shopping experience.  read more
Distell taps into China's cognac market

Distell taps into China's cognac market

09/10/2013 - 10:23
Johannesburg - South African liquor company Distell Group Limited [JSE:DST] has acquired a 60% share in fast-growing liquor distribution company CJ Wines & Spirits‚ expanding its presence in the East. read more
Tokyo uncorks apartments for wine lovers

Tokyo uncorks apartments for wine lovers

09/10/2013 - 10:15
Tokyo - For those who have trouble finding space for a large wine collection, a new apartment block in Japan with an in-house cellar and a visiting sommelier could be the perfect place to live. read more
Competition Commission approves Gustav Voigts Centre deal, Oryx Properties, Growthpoint, Namibia

Competition Commission approves Gustav Voigts Centre deal, Oryx Properties, Growthpoint, Namibia

09/10/2013 - 08:47
The Namibian Competition Commission has given its blessings to the deal in which Oryx Properties was seeking permission to acquire the Gustav Voigts Centre from Growthpoint Properties. read more
Delhaize Europe CEO resigns

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. read more
Colliers: Fifth Avenue has highest retail rent, at $3,052 per square foot, United States

Colliers: Fifth Avenue has highest retail rent, at $3,052 per square foot, United States

09/10/2013 - 08:08
Seattle -- The global retail real estate market rebounded in the first half of the year, with international and luxury brands expanding to new markets and high street properties growing in popularity, according to a new report from Colliers International.  read more
Jozini Mall en-route to Mozambique, opening 24 October 2013

Jozini Mall en-route to Mozambique, opening 24 October 2013

08/10/2013 - 15:33
Jozini Mall, the new 18,220 square metre community shopping centre in North-Eastern KwaZulu-Natal, is now fully let and will open on Thursday, 24th October 2013. read more
Accenture: Holiday spending to rise 11%; shoppers looking for in-store, online discounts

Accenture: Holiday spending to rise 11%; shoppers looking for in-store, online discounts

08/10/2013 - 11:00
New York, Shoppers in the United States intend to spend an average of $646 on gifts this holiday season, representing an 11% increase over the $582 they planned to spend, on average, in 2012, according to Accenture’s annual holiday shopping survey. The forecast uptick is more optimistic than other holiday surveys released to date. read more

08/10/2013 - 09:26
When Facebook Inc was preparing to go public last year, the telephones at Granite Investment Advisors rang off the hook as clients called about the social media’s company’s highly anticipated debut. 
Retailers line up for position at Heidelberg Mall, Gauteng

Retailers line up for position at Heidelberg Mall, Gauteng

08/10/2013 - 08:02
Heidelberg Mall, set to open in October 2014, is already attracting a powerhouse of leading retailers a full year before it opens, including some of South Africa’s most popular national stores.  read more
Woolworths chairman calls for a new economic growth philosophy, South Africa

Woolworths chairman calls for a new economic growth philosophy, South Africa

08/10/2013 - 07:42
Simon Susman, the Woolworths chairman, is the latest big businessman to put the cat among the government pigeons by suggesting that the labour market environment is too constraining.  read more
Apple unseats Coca-Cola as 'best brand'

Apple unseats Coca-Cola as 'best brand'

07/10/2013 - 11:03
Paris - Coca-Cola has lost its crown as the world's best brand, a closely watched survey said last month, unseated by the iconic iPhone and iPad maker Apple. read more
'Indian beer industry poised to grow 20 times'

'Indian beer industry poised to grow 20 times'

07/10/2013 - 10:58
The Indian beer market is expected to grow 20 times in next 20 years in view of changing lifestyles, a burgeoning middle class and government policy to promote low alcoholic drinks in the country.  read more
Kenyan retailer, Uchumi, cleared to list on Rwanda stock market

Kenyan retailer, Uchumi, cleared to list on Rwanda stock market

07/10/2013 - 10:40
Kenya’s Uchumi's Supermakets Ltd. has been cleared to cross list at Rwanda's Stock Exchange. read more
BlackBerry hit with class action lawsuit

BlackBerry hit with class action lawsuit

07/10/2013 - 09:04
A shareholder of BlackBerry Ltd sued the company and its executives on Friday, accusing them of inflating the stock price by painting a misleadingly rosy picture of the business prospects of its BlackBerry 10 smartphone line. read more
Global food prices to stop dropping

Global food prices to stop dropping

07/10/2013 - 08:31
Rome - Global food prices are not expected to fall much further after their fifth consecutive monthly decline in September, the United Nations food agency said on Thursday, trimming its estimate for 2013/14 world cereals production. read more
Planet Retail’s take on Tesco H1 results

Planet Retail’s take on Tesco H1 results

04/10/2013 - 15:45
On Tesco’s H1 results, David Gray, Retail Analyst at Planet Retail, commented: “As expected, Tesco reported a drop in UK like-for-like sales driven by subdued general merchandise sales, which are continuing to suffer, albeit like-for-like sales showed improvement in the second quarter. Nevertheless, food sales held up fuelled by warm weather in July/August alongside a new food-focused ‘Love Every Mouthful’ marketing campaign which launched during the half. We expect to see further positive news on food sales in the months ahead as improvements to product ranges come through.  read more
Nakumatt bears brunt of Westgate attacks, Kenya

Nakumatt bears brunt of Westgate attacks, Kenya

04/10/2013 - 12:25
Last week’s Nairobi’s Westgate Mall attacks had hammered Kenya’s general retailer, Nakumatt, one of Africa’s most home-based business triumphs, according to the Wall Street Journal (WSJ).  read more
Guinness Ghana moves to enhance product distribution

Guinness Ghana moves to enhance product distribution

04/10/2013 - 12:23
Guinness Ghana Breweries Limited (GGBL), has appointed Mr Eric Otoo as the 'Route to Consumer' (RtC) Director in line with the company's vision of dominating the beverage industry in the country.  read more
Consumers happy with clothing retailers, South Africa

Consumers happy with clothing retailers, South Africa

04/10/2013 - 11:54
Johannesburg - South African clothing retail outlets have scored a customer satisfaction rating of 82 out of 100 according to the South African Customer Satisfaction Index (SAcsi). read more
Tesco leads European shares lower

Tesco leads European shares lower

04/10/2013 - 11:33
London - Tesco led European shares lower early on Wednesday after the world's third largest retailer's quarterly revenues flatlined as its turnaround plan failed to bear fruit, prompting earnings downgrades. read more
Massmart confirms Naivas bid, targets entry into Kenya

Massmart confirms Naivas bid, targets entry into Kenya

04/10/2013 - 11:00
Massmart has confirmed it is interested in buying a major stake in Kenyan retailer Naivas. read more
Grocery chain Sefalana withdraws lawsuit against Competition Authority, Choppies, Botswana

Grocery chain Sefalana withdraws lawsuit against Competition Authority, Choppies, Botswana

03/10/2013 - 13:00
Local retail chain, Sefalana, has withdrawn a lawsuit it filed at the Lobatse High Court against the Competition Authority (CA), Choppies, SupaSave and MegaSave. Citing market share concerns, Sefalana went to court after it lost the bid to acquire SupaSave and its distribution wing, MegaSave to rival supermarket chain, Choppies. read more
Windhoek Lager in top 10 world beers

Windhoek Lager in top 10 world beers

03/10/2013 - 12:44
Craft beers may be giving big brewers a run for their money, but the top-rated beers worldwide in terms of taste come from all over the map, according to one product research site.  read more
Namibia Breweries Limited earnings expected to be lower by N$190 million in September

Namibia Breweries Limited earnings expected to be lower by N$190 million in September

03/10/2013 - 12:31
Namibia Breweries Limited (NBL) said earlier in September that it expects basic earnings per share to be materially lower than the prior year by between 66% and 68% in the year ended 30 June. The company said in a trading statement published by the Namibia Stock Exchange that the decline is attributed to the impairment of a deferred tax asset related to DHN Drinks.  read more
New Westlane Shopping Centre development goes ahead, Pioneers Park, Windhoek

New Westlane Shopping Centre development goes ahead, Pioneers Park, Windhoek

03/10/2013 - 11:47
Windhoek is fast becoming a hub for dedicated shoppers with the marked increase in the construction and extension of shopping centres. Residents of Pioneers Park Extension 1 can now look forward to closer access to groceries, fast food and medicine at the Westlane Shopping Centre which is currently under construction.  read more
PMI dips to eight-month low

PMI dips to eight-month low

02/10/2013 - 12:29
Johannesburg - The purchasing managers' index (PMI) fell to an eight-month low in September as a strike in the auto sector hurt new sales orders, suggesting a slowdown in the manufacturing sector, survey showed on Tuesday.  read more
Climate threat to maize farmers

Climate threat to maize farmers

02/10/2013 - 08:55
Cape Town - Climate change poses a major threat to South Africa's maize production and food security, says the Agricultural Research Council. read more
Blackstar plans to fight Shoprite bid, Zambia

Blackstar plans to fight Shoprite bid, Zambia

01/10/2013 - 11:28
Lusaka - Blackstar Group SE, an investment company, said it will join other shareholders in fighting Shoprite Holdings Ltd.’s attempts to reverse trades in the retailer’s stock in Zambia. read more
Retail prices at 16.7% mark-up, Ghana

Retail prices at 16.7% mark-up, Ghana

01/10/2013 - 11:18
Commodity prices at retail level are, on the average, trading at more than 16 per cent of wholesale prices, the Esoko-GNA Commodity Index (EGCI) has revealed. read more
Redefine’s R1.1bn mall to open in Klerksdorp, North West

Redefine’s R1.1bn mall to open in Klerksdorp, North West

01/10/2013 - 10:21
The dominance of retail property developments over other types of commercial property development is continuing unabated. read more
GSK sells thrombosis drugs to Aspen for $1bn

GSK sells thrombosis drugs to Aspen for $1bn

01/10/2013 - 10:00
London - Britain's biggest drug maker GlaxoSmithKline agreed the £700m sale of its thrombosis drug brands and a related factory to Aspen Pharmacare, as part of its strategy to focus on growth products. read more
J.C. Penney looking to raise some $800 million from offering

J.C. Penney looking to raise some $800 million from offering

30/09/2013 - 16:03
Plano, Texas – Shares of J.C. Penney Company took a beating on Friday after the retailer priced its $932 million share sale at a 7.4% discount and detailed its shrinking cash position.  read more
China VAT hike to hit SA consumers

China VAT hike to hit SA consumers

30/09/2013 - 15:54
Johannesburg - China's decision to place a 6% VAT charge on freight and related costs is going to have an impact on the importing price from China, warned Asgar Mahomed, managing director of ICT distributor, Esquire Technologies. read more
BlackBerry reports $965 million loss

BlackBerry reports $965 million loss

30/09/2013 - 13:19
On Friday, struggling mobile handset maker BlackBerry reported a loss of $965 million, or $1.84 per share diluted, for the three months ended August 2013, compared with a prior loss of $235 million. read more
How mobile is lifting South Africa’s GDP

How mobile is lifting South Africa’s GDP

30/09/2013 - 13:01
South Africa’s GDP per capita is anticipated to grow by US$241 a year between 2010 and 2020, due to an increase in mobile phone subscriptions.  read more
Kenya’s Naivas, Chase Bank and Visa partner for secure prepaid card for shoppers

Kenya’s Naivas, Chase Bank and Visa partner for secure prepaid card for shoppers

27/09/2013 - 13:45
Chase Bank (K) Limited, Naivas Supermarket and Visa have announced a partnership to launch a secure prepaid card for shopping convenience in Kenya, featuring the latest chip-based technology to cut the risk of fraud. read more
Pelhams forecasts half-year loss, Zimbabwe

Pelhams forecasts half-year loss, Zimbabwe

27/09/2013 - 13:22
Zimbabwe Stock Exchange-listed household and appliance retailer, Pelhams Limited, is forecasting a loss in the first half to September due to subdued consumer spending on the back of an underperforming economy, a company official has said. read more
Edgars Stores Limited after-tax profit up 17 percent, Zimbabwe

Edgars Stores Limited after-tax profit up 17 percent, Zimbabwe

27/09/2013 - 13:00
Edgars Stores Limited after-tax profit for the 26 weeks ended July 6 was up 17% to $1,1 million, buoyed by growth in revenue.  read more
 Consumers spark retailer price war

Consumers spark retailer price war

27/09/2013 - 11:46
Cape Town - With consumers buckling under rising food, fuel and electricity prices, the gloves have come off as supermarkets go to war for their share of an already tough market.  read more
Business leaders hail census results; Kenya’s population grows

Business leaders hail census results; Kenya’s population grows

26/09/2013 - 11:10
The business community has welcomed the release of the census results earlier this month saying they will help them plan their business operations.  read more
Retail vacancies reported low, Namibia

Retail vacancies reported low, Namibia

25/09/2013 - 12:05
Upmarket property manager, JHI Properties said the property market is performing well with very few vacancies available. read more
Consumer confidence falls in September

Consumer confidence falls in September

25/09/2013 - 11:48
New York -- Consumer Confidence decreased in September amid resurfacing concerns about the short-term outlook for both jobs and earnings, according to The Conference Board’s Consumer Confidence Index. The index, which had increased slightly in August, now stands at 79.7, down from 81.8 in August. Analysts had expected the index to fall to 79.9 this month. read more
South Africa ‘quickly’ shifting towards cashless

South Africa ‘quickly’ shifting towards cashless

24/09/2013 - 11:52
Today, around 85% of all retail payment transactions are done with cash, which equates to 60% of retail transaction value, while 34% of all consumer payments ($63 trillion in total spend) are done with cash. read more
SABMiller expects more consolidation

SABMiller expects more consolidation

24/09/2013 - 11:40
The consolidation of the global beer industry, which took SA Breweries from a dominant South African player to a dominant global player in just 10 years, had not come to an end, Alan Clark, SABMiller’s recently appointed chief executive, said this week. read more
Deloitte: U.S. holiday sales to rise 4% to 4.5%

Deloitte: U.S. holiday sales to rise 4% to 4.5%

24/09/2013 - 11:12
New York -- Holiday sales are expected to climb to between $963 and $967 billion, representing a 4% to 4.5% increase in November through January holiday sales (excluding motor vehicles and gasoline) this year from last year’s season, according to the new Deloitte holiday sales forecast. The growth rate is on par with last year's 4.5% gain. read more
Adidas slumps after lowering forecast

Adidas slumps after lowering forecast

23/09/2013 - 11:55
London - Adidas AG, the world’s second-largest maker of sporting goods, fell the most in more than a year after cutting its 2013 profit forecast late on Thursday.  read more
North West province declares drought, South Africa

North West province declares drought, South Africa

23/09/2013 - 11:30
Johannesburg - The North West province on Wednesday declared there was a drought across its whole territory, an important maize growing region. read more
Namibia, GDP registers 2.3% growth in second quarter

Namibia, GDP registers 2.3% growth in second quarter

23/09/2013 - 11:02
The latest second quarter GDP report released by the Namibia Statistics Agency shows that the economy recorded a slow growth of 2,3% in the second quarter of this year compared to an increase of 12,3% in the same period last year.  read more
Namibians continue to love their beer

Namibians continue to love their beer

23/09/2013 - 10:47
Namibians have continued to love the beer bottle with Namibia Breweries Limited (NBL) announcing that overall beer sales volumes on the local market grew at double digits, delivering a 12% growth in the year ended 30 June compared to the previous year.  read more
Mobile set to rock South Africa's Internet

Mobile set to rock South Africa's Internet

20/09/2013 - 10:17
Consumer spending on Internet access in South Africa will reach approximately R59.6 billion by 2017, up from R19.8 billion in 2012 – a compound annual growth rate (CAGR) of 24.7%. read more
Langa Junction development gets the green light

Langa Junction development gets the green light

20/09/2013 - 10:05
The approval granted for the development of Langa Junction at the Langa train station in Cape Town aligns with plans by the City of Cape Town to invest in pedestrianising the area by paving and landscaping the station forecourt and access roads. read more
Nigeria inflation hits new five-year low

Nigeria inflation hits new five-year low

20/09/2013 - 09:07
Abuja - Nigeria's year-on-year consumer inflation fell to 8.2% in August, lower than July's 8.7% figure, the statistics bureau said on Tuesday, and touching a new 5-year low. read more
SA July retail sales growth quickens to 2.8%

SA July retail sales growth quickens to 2.8%

19/09/2013 - 10:35
Johannesburg - South Africa's retail sales grew 2.8 percent year-on-year in July, far below forecasts, but higher than the revised 1.4 percent recorded in June, Statistics South Africa said on Wednesday.  read more
United States: Saks Off 5th plans seven new stores

United States: Saks Off 5th plans seven new stores

19/09/2013 - 10:24
New York – Saks Inc. plans to open seven new Saks Fifth Avenue Off 5th stores in 2014: The Outlets at Bloomfield in Pearl, Miss.; Potomac Mills in Woodbridge, Va.; Palm Beach Outlets in West Palm Beach, Fla; Outlet Shoppes at Louisville/Lexington, Ky.; Twin Cities of Eagan in Minneapolis, Minn.; The Mayfair Collection in Mayfair, Wis.; and Easton Gateway in Columbus, Ohio.  read more
Truworths shares falls on sales drop

Truworths shares falls on sales drop

19/09/2013 - 09:57
Johannesburg - Truworths International Ltd., South Africa’s largest listed clothing retailer, fell the most in three weeks on concern that lending growth is slowing and as monthly retail sales in the continent’s biggest economy shrank. read more
Consumers spend more on booze than medicine

Consumers spend more on booze than medicine

19/09/2013 - 09:31
Cape Town - South Africans spend almost four times more on alcohol and cigarettes than on medical expenses and over one and a half times more on clothes than on education, a new study has revealed. read more
Microsoft lines up more TV projects for Xbox One

Microsoft lines up more TV projects for Xbox One

18/09/2013 - 15:43
Microsoft Corp will follow its Steven Spielberg collaboration with more television projects aimed at positioning its new Xbox games console as a home entertainment hub. read more
Prada: China is performing well

Prada: China is performing well

18/09/2013 - 15:33
Milan - Prada is seeing green shoots in Europe and feels confident about China, its biggest market, even though sales slowed in the first half, the luxury Italian fashion house said on Tuesday. read more
Inflation dropped by 0.02% in August, gov statistician, Ghana

Inflation dropped by 0.02% in August, gov statistician, Ghana

17/09/2013 - 10:56
The average change in prices of goods and services in the country, measured by inflation, dropped to 11.5 per cent in August after registering a consistent rise since January, this year. read more
How SA business uses social media

How SA business uses social media

17/09/2013 - 09:02
A new report highlights the intensified use of social media by South African corporations, with Facebook winning out amongst the big players in the sector. read more
SA consumer confidence drags in Africa

SA consumer confidence drags in Africa

17/09/2013 - 08:41
South African consumer confidence has improved for the second half of 2013 according to the results of the latest MasterCard Index of Consumer Confidence, released on Monday (16 September).  read more
Massmart leads retail rally

Massmart leads retail rally

16/09/2013 - 11:52
Johannesburg - Massmart Holdings Inc., the South African supermarket chain owned by Wal-Mart Stores Inc., is leading the country’s index of retailers as it heads for the longest winning streak in nine months. read more
JD Group cans bond plans as sales stall

JD Group cans bond plans as sales stall

16/09/2013 - 11:06
JD Group, South Africa’s largest publicly traded furniture retailer and a provider of unsecured loans, is backtracking on plans to sell more bonds this year as lending growth stalls amid flagging sales. read more
Europe: Retailers eye profits from click & collect

Europe: Retailers eye profits from click & collect

16/09/2013 - 10:40
Paris - European retailers have gone back to bricks and mortar in the hope of turning their online food businesses profitable - racing to build pick-up points to capitalise on shoppers' increasing demand for "click and collect" grocery options. read more
Debt grows to N$80bn in July, Namibia

Debt grows to N$80bn in July, Namibia

13/09/2013 - 10:22
The total Namibian debt (comprising domestic and foreign government, corporate and household debt) grew by 0,43% during July to N$80,98 billion, representing an annual growth rate of 9,93%, slightly lower than the growth recorded in June of 10,15%.  read more
Richemont slides on weak sales growth

Richemont slides on weak sales growth

13/09/2013 - 10:04
Johannesburg - Johannesburg-listed shares of Richemont slide nearly 3 percent after the Swiss luxury goods groups says sales in the five months through August rose 9 percent, just shy of forecasts, hit by weak demand for its watches in China. read more
 Thrifty spending habits seen dying hard

Thrifty spending habits seen dying hard

13/09/2013 - 09:53
London/New York - Consumers are sticking to frugal shopping habits developed in the recession even as developed economies show signs of recovery, suggesting some behaviour changes could be permanent, industry executives say. read more
Rooibos protection one step closer

Rooibos protection one step closer

12/09/2013 - 15:09
Cape Town - The publication of rules governing the use of the name Rooibos is a first step in preventing its misuse and achieving international protection for the iconic South African plant, said the South African Rooibos Council.  read more
Manufacturing output climbs

Manufacturing output climbs

12/09/2013 - 14:50
Johannesburg - Manufacturing output increased by 5.4% year-on-year in volume terms in July from a revised 0.5% in June, Statistics South Africa said on Wednesday. read more
Edcon acquires controlling shares in Accessorize, La Senza and Inglot

Edcon acquires controlling shares in Accessorize, La Senza and Inglot

12/09/2013 - 08:32
Johannesburg, 10 September 2013 - Edcon has recently confirmed its acquisition of a controlling stake in the companies which hold the local franchise rights to Accessorize, La Senza and Inglot. The group’s acquisition is in line with Edcon’s current strategy to increase its branded content and introduce new international brands to its offering to the benefit of its customers. read more
SA social media stats revealed

SA social media stats revealed

11/09/2013 - 09:50
New research has revealed the tremendous growth in active users on social networks in South Africa over the past year.  read more
US: Fresh & Easy acquired by Yucaipa; store closures on tap

US: Fresh & Easy acquired by Yucaipa; store closures on tap

11/09/2013 - 09:48
Los Angeles -- Grocery chain Fresh & Easy confirmed reports that its British parent Tesco LLC has sold the brand to private equity firm The Yucaipa Cos., following months of uncertainty about the 200+-unit chain’s future. read more
Banana industry receives more investment, Ghana

Banana industry receives more investment, Ghana

11/09/2013 - 09:45
Government has secured a loan of 7.3 million euros for investment in the banana industry to ensure the production of quality bananas for export, said Dr Hawkins Asiedu, a Director at the Ministry of Trade and Industry.  read more
Ghana slips 11 places in global competitiveness report

Ghana slips 11 places in global competitiveness report

11/09/2013 - 09:35
The environment for doing business in Ghana in 2012 was far better than this year; that is according to the Executive Opinion and Global Competitiveness Report.  read more
V&A Waterfront contributes R198-billion to South Africa’s GDP

V&A Waterfront contributes R198-billion to South Africa’s GDP

10/09/2013 - 11:02
Cape Town, Monday 9 September: According to the results of an economic impact study conducted by economists Economics Information Services (EiS) led by Barry Standish, the V&A Waterfront should be viewed as an economic hub which has contributed some R198-billion to the South African economy over the last ten years alone.  read more
UK plans to double trade with Kenya

UK plans to double trade with Kenya

09/09/2013 - 11:28
The United Kingdom intends to double the value of trade with Kenya in the next five years, High Commissioner, Christian Turner has said.  read more
Asia sales boosts Lego profit

Asia sales boosts Lego profit

09/09/2013 - 11:26
Copenhagen - Danish toy company Lego on Thursday reported a 13% rise in net sales for the first half of 2013, citing strong sales in Asia. read more
Zambia ranked 7th competitive economy in Africa and 93rd in the World

Zambia ranked 7th competitive economy in Africa and 93rd in the World

09/09/2013 - 10:28
The World Economic Forum (WEF) has ranked Zambia as one of the top 10 most competitive economies in Africa for 2013. read more
Supasave acquisition to yield P10m profit for Choppies, Botswana

Supasave acquisition to yield P10m profit for Choppies, Botswana

09/09/2013 - 09:29
The acquisition of Supasave by Choppies is set to improve the latter's revenue by at least P200 million in the next financial year.  read more
Agra builds N$100m branch in Windhoek’s Lafrenz

Agra builds N$100m branch in Windhoek’s Lafrenz

06/09/2013 - 12:39
Agra has started constructing a new retail branch in Windhoek’s Lafrenz industrial area at a cost of N$100 million, the company said.  read more
Oryx yields more money for investors

Oryx yields more money for investors

06/09/2013 - 12:37
Oryx Properties, the Namibia Stock Exchange listed property investment company, declared a distribution of 72, 25 cents per linked unit for the six months to 30 June 2013, the company said on Friday. This is a 9,1% improvement over the 66,25 cents per unit declared for the comparative period. The total distribution to unit holders for the year amounts to 139,50 cents per unit, a nine percent increase over the 2012 financial year.  read more
Africa’s mobile market set to quadruple

Africa’s mobile market set to quadruple

06/09/2013 - 11:12
The African mobile telecom market is forecast to grow from a combined value of over US$60 billion in 2013, to a value in 2020 of almost US$234 billion – with a compound annual growth rate (CAGR) of 21.27%. read more
Samsung sees TV market recovery

Samsung sees TV market recovery

06/09/2013 - 11:04
Samsung Electronics, the world’s largest maker of televisions, expects a recovery in the TV market in the second half of this year, helped by an improving US economy and the launch of new high-end sets. read more
Uchumi Supermarkets full year profit up 30 per cent

Uchumi Supermarkets full year profit up 30 per cent

05/09/2013 - 09:06
Listed retailer Uchumi Supermarkets has reported a 30.3 per cent rise in full year profit to Sh373.01 million from Sh273.98 million last year. read more
IMF warns Botswana on household debt

IMF warns Botswana on household debt

05/09/2013 - 07:45
The International Monetery Fund(IMF) has weighed into the long-running debate on high household debt, warning that commercial bank's level of exposure to this was a "significant source of vulnerability".  read more
Debt continues to grow, Namibia

Debt continues to grow, Namibia

04/09/2013 - 15:25
The Bank of Namibia has released its selected monthly statistics for June. The statistics show that total Namibian debt (comprising domestic and foreign government, corporate and household debt) grew by 1.19% during June to N$80.64 billion. This represents an annual growth rate of 10.15%, slightly lower than the growth recorded in May of 10,2%.  read more
Engen Sherwoods Humansdorp Convenience Centre opens after revamp

Engen Sherwoods Humansdorp Convenience Centre opens after revamp

04/09/2013 - 15:04
Engen Sherwoods Humansdorp Convenience Centre in the Eastern Cape has re-opened its doors to the public following a significant revamp that concluded this week. read more
Nokia sells phone unit to Microsoft

Nokia sells phone unit to Microsoft

04/09/2013 - 12:12
Helsinki - Beleaguered Finnish mobile phone maker Nokia will sell its mobile phone unit to the US group Microsoft for 5.44-billion euros ($7.17-billion), it has said. read more