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Latin America, Africa behind SABMiller growth

Latin America, Africa behind SABMiller growth

24/05/2013 - 11:31
Brussels - SABMiller [JSE:SAB], the world's second biggest brewer, reported profit growth in line with expectations thanks to a surge in earnings in Latin America and Africa and said its markets should be broadly unchanged in the coming months.  read more
Mr Price shares extend gains

Mr Price shares extend gains

23/05/2013 - 15:12
Johannesburg - Mr Price Group, extended gains after full-year earnings beat estimates as sales improved at its apparel chain. read more
Carrefour strengthens business analytics with location intelligence

Carrefour strengthens business analytics with location intelligence

23/05/2013 - 15:10
REDLANDS, Calif. -- Esri announces that Carrefour Group, the second-largest retailer in the world with nearly 10,000 stores around the globe, has implemented an enterprise-wide marketing solution from Esri partner Galigeo.  read more
How Lenovo is setting itself apart

How Lenovo is setting itself apart

23/05/2013 - 15:05
Lenovo Group Ltd’s bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades. read more
Sony board examines plan

Sony board examines plan

23/05/2013 - 14:47
Tokyo - Sony chief Kazuo Hirai said Wednesday the company was examining a hedge fund proposal to sell off part of its entertainment unit in a bid to boost profits in its core business. read more
Kenya: Has Tuskys bought out its rival in Nairobi?

Kenya: Has Tuskys bought out its rival in Nairobi?

22/05/2013 - 11:20
A local retail giant is said to have acquired a rival’s operations in Nairobi in a bid to consolidate its business in the city. read more
India: Liquor prices will increase next month

India: Liquor prices will increase next month

21/05/2013 - 10:36
New Delhi: Liquor prices are set to rise in the coming weeks as the cabinet cleared the new excise policy on Monday. While the policy leaves the licence fee untouched for the financial year 2013-2014, Indian Made Foreign Liquor (IMFL) will be dearer by 5% and country liquor by 11% once the new rates are notified in June.  read more
Heineken omits Kenya from new women’s beer

Heineken omits Kenya from new women’s beer

21/05/2013 - 09:13
Heineken will not be launching its sweeter, low-alcohol Radler beer in Kenya. It will instead focus on its flagship brand to grow local market share. read more
Another big loss for J.C. Penney as sales plunge 16.4%

Another big loss for J.C. Penney as sales plunge 16.4%

20/05/2013 - 10:56
Plano, Texas -- J.C. Penney Co. reported a deeper-than-expected loss of $348 million for its first quarter, compared to $163 million in the year-ago period, amid a 16.4% decline in revenue. The results came as the company seeks to undo the damage caused by former CEO Ron Johnson’s costly and largely failed makeover.  read more
Where digital and physical media meet

Where digital and physical media meet

20/05/2013 - 10:47
The Witness newspaper has broken the mould of typical print media by integrating augmented reality as a way to extend the life its physical print content. read more
Tesco clothing brand to go global

Tesco clothing brand to go global

20/05/2013 - 09:37
London – Tesco, Britain's biggest retailer, said on Sunday that it planned to open more than 50 new franchise stores, worldwide, for its clothing brand over the next five years. read more
SABmiller Zim subsidiary beats forecast

SABmiller Zim subsidiary beats forecast

16/05/2013 - 09:40
Harare - Delta Beverages, the Zimbabwe-based subsidiary of SABMiller [JSE:SAB], continued to defy the odds in the economically ravaged country with forecast-beating earnings for the year ended December 31 2012. read more
UK: Sainsbury's profit falls despite rise in sales

UK: Sainsbury's profit falls despite rise in sales

15/05/2013 - 15:39
Sainsbury's has posted a fall in pre-tax profits despite a rise in sales, as conditions remain 'challenging'.  read more
Kenya's Uchumi to open 13 supermarkets across East Africa

Kenya's Uchumi to open 13 supermarkets across East Africa

15/05/2013 - 10:35
Kenya's Uchumi Supermarkets will open 13 new stores over the next year as East Africa's sole listed retailer prepares for a cash call and a cross listing of its shares, its chief executive said on Tuesday. read more
Pick n Pay builds on BP to take on Woolworths

Pick n Pay builds on BP to take on Woolworths

15/05/2013 - 10:01
Pick n Pay has formally joined forces with BP Southern Africa to roll out Pick n Pay Express stores at BP service stations in the country’s major metropolitan areas. read more
Botwana: Choppies retail chain looks to expand in SADC

Botwana: Choppies retail chain looks to expand in SADC

14/05/2013 - 09:58
Choppies Enterprise Limited, the opaque retail store, issued a trading update earlier last month ahead of its two-year ambitious plan that will see its turnover hitting the US$ 1 billion mark (about P 8 billion) per annum. .  read more
Botswana: Kgalagadi Breweries re-launches its Core Original cider

Botswana: Kgalagadi Breweries re-launches its Core Original cider

14/05/2013 - 09:54
Kgalagadi Breweries Limited (KBL) recently revealed that the placing of the people dressed in orange suits in strategic locations around Botswana was a part of their marketing strategy to relaunch its cider, Core Original. read more
Heineken aims to grow African market

Heineken aims to grow African market

14/05/2013 - 08:05
Johannesburg - A thirst for beer among Africa's middle classes is driving the world's biggest brewers to invest on the continent, but getting women to drink the beverage is another matter. read more
Ghana: Accra Brewery trains retailers on its alcohol policy

Ghana: Accra Brewery trains retailers on its alcohol policy

13/05/2013 - 11:46
Ghana’s premier beverage manufacturer, Accra Brewery Limited (ABL), has begun a responsible alcohol retailing training programme for retailers of its alcoholic products in the country. read more
Sony aims to regain sales from Samsung

Sony aims to regain sales from Samsung

13/05/2013 - 10:40
Sony forecast annual profit that missed analysts’ estimates on Friday as chief executive Kazuo Hirai rolls out new Xperia smartphones and Bravia televisions to recapture market share lost to Samsung Electronics. read more
Adcock gets proposals for 100% aquisition

Adcock gets proposals for 100% aquisition

10/05/2013 - 08:05
South African drugmaker Adcock Ingram said on Thursday a rival bid was in the offing to a $675m (R60.7) one made by conglomerate Bidvest [JSE:BVT], raising the stakes for a possible acquisition and pushing its share price up almost 8%. read more
Namibian clothing manufacturer expands to Lesotho and Botswana

Namibian clothing manufacturer expands to Lesotho and Botswana

09/05/2013 - 11:32
Arandis – Dantago Clothing, which manufactures children’s clothing for Woolworths South Africa, will be expanding its services to stores in Botswana and Lesotho this year. read more
Namibia Breweries Limited: Urbock beer to hit Angolan shelves

Namibia Breweries Limited: Urbock beer to hit Angolan shelves

09/05/2013 - 11:19
Nambia Breweries Ltd (NBL) celebrated Reinheitsgebot Day in style in April by launching its RHG campaign and opening the first barrel of Urbock, the brewer’s winter beer. read more
SA's digital spend to rise 21%

SA's digital spend to rise 21%

08/05/2013 - 08:27
Johannesburg - SA’s entertainment and media companies have reached the “end of the digital beginning”‚ with digital activities now becoming the “new normal” for traditional media companies‚ according to a report by professional services firm PwC.  read more
Carlsberg beats profit forecasts

Carlsberg beats profit forecasts

08/05/2013 - 08:04
Copenhagen - Danish brewer Carlsberg's first-quarter operating profit and revenue beat forecasts on Tuesday, as strong beer sales in Asia cushioned sluggish mature European markets and a decline in its former growth driver Russia. read more
Microsoft pushes for SA mobile growth

Microsoft pushes for SA mobile growth

07/05/2013 - 08:52
London - Microsoft, trying to find growth markets for its mobile products, is projecting that rising demand in South Africa will help it pass BlackBerry and Android and pave the way for further gains on the continent. read more
Walmart tops Fortune 500 list

Walmart tops Fortune 500 list

07/05/2013 - 08:26
New York - Wal-Mart Stores once again leads Fortune's list of the 500 biggest US companies by revenue, as the world's biggest retailer succeeded in posting strong growth despite a challenging economy for its shoppers. read more
Massmart opens new Makro in Alberton, with a unique and exciting shopping experience

Massmart opens new Makro in Alberton, with a unique and exciting shopping experience

06/05/2013 - 13:40
Makro has expanded its presence in Gauteng with the opening of a new urban store in Alberton on 24 April 2013. Massmart invested R400 million rand to build the 19 008m2 Makro Alberton store.  read more
Samsung and Apple heading in different directions

Samsung and Apple heading in different directions

06/05/2013 - 09:26
An estimated 405 million handsets, including 197 million smartphones, were shipped in the first quarter of 2013, according to market intelligence firm ABI Research.  read more
 V&A Waterfront reports strong growth in 2013

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.  read more
HTC feels the pinch after marketing push

HTC feels the pinch after marketing push

03/05/2013 - 09:02
Taiwanese smartphone maker HTC Corp will struggle to improve its margins this year as it increases marketing spend for its latest model in a bid to catch up to rivals Samsung Electronics Co Ltd and Apple Inc. read more
Germany key to Europe's flagging spirits volumes

Germany key to Europe's flagging spirits volumes

30/04/2013 - 08:12
Not only is Germany forming a last line of defence against the euro’s implosion, the land of steins and beer kellers also offers fertile ground to distillers foraging for sales in Western Europe’s withered landscape. read more
 Clicks forecasts higher profits

Clicks forecasts higher profits

29/04/2013 - 10:20
Johannesburg - Clicks Group has said diluted earnings per share excluding one-time items will grow 5 to 10 percent in the year to end August amid weakening demand.  read more
LG Electronics begins sales of world's 1st curved OLED TV

LG Electronics begins sales of world's 1st curved OLED TV

29/04/2013 - 10:11
Seoul, April 29 (Xinhua) -- South Korea's consumer electronics giant LG Electronics said Monday that it began sales of curved organic light-emitting diode (OLED) TV for the first time in the global industry.  read more
Samsung opens Smart Care Centres in South Africa

Samsung opens Smart Care Centres in South Africa

29/04/2013 - 09:20
Samsung has opened a Smart Care Centre in Johannesburg, offering consumers a same-day walk-in carry-in service across a wide of range products. read more
Rainbow‚ Foodcorp deal gets the nod

Rainbow‚ Foodcorp deal gets the nod

26/04/2013 - 14:26
Johannesburg - The Competition Tribunal on Thursday approved Rainbow Chicken's [JSE:RBW] acquisition of a 64.2% interest in Foodcorp Holdings with conditions‚ which were not immediately available. read more
Unilever’s sales grow 4.9%

Unilever’s sales grow 4.9%

26/04/2013 - 10:32
Unilever’s breadth of businesses and markets would enable it to ride out the tough environment in Europe, the Anglo-Dutch consumer goods company said yesterday as it reported weaker-than-expected first-quarter growth. read more
Samsung beats Apple to record profit

Samsung beats Apple to record profit

26/04/2013 - 09:12
Seoul - Samsung on Friday released the latest version of its flagship Galaxy smartphone, as it announced record first quarter profits driven by surging sales growth in its mobile division. read more
Apple's first profit drop in a decade

Apple's first profit drop in a decade

24/04/2013 - 09:41
San Francisco - Apple reported on Tuesday that its quarterly profit dipped for the first time in nearly a decade as it squeezed less money from its champions in the competitive smartphone and tablet markets. read more
Peroni helps SABMiller to shrug off declining UK lager market

Peroni helps SABMiller to shrug off declining UK lager market

24/04/2013 - 08:08
Demand for Peroni has pushed brewing giant SABMiller to an increase in UK sales, despite an overall decline in the domestic lager market. read more
US: Berghoff Brewing to revive brands, change brewers

US: Berghoff Brewing to revive brands, change brewers

24/04/2013 - 07:53
Berghoff Brewing will revive its brands this summer with updated recipes, and a move to contract brewing the beers at Stevens Point Brewery. read more
China's top liquor makers brace for slowdown as anti-luxury drive bites

China's top liquor makers brace for slowdown as anti-luxury drive bites

24/04/2013 - 07:34
(Reuters) - China's largest makers of popular, fiery "baijiu" liquor are bracing for a slowdown this year after nearly a decade of heady growth as a crackdown on lavish official spending starts to hit home. read more
AB InBev Said to Reach Agreement With U.S. to Buy Modelo

AB InBev Said to Reach Agreement With U.S. to Buy Modelo

23/04/2013 - 15:41
Anheuser-Busch InBev NV and the U.S. Justice Department reached an agreement over the company’s acquisition of Grupo Modelo SAB, two people familiar with the matter said. read more
United Breweries Says Heineken India Sales to Rise 50% This Year

United Breweries Says Heineken India Sales to Rise 50% This Year

23/04/2013 - 10:43
United Breweries Ltd. (UBBL), India’s largest brewer, expects sales of Heineken NV’s (HEIA) namesake brand to climb more than 50 percent in the country this fiscal year as it ramps up distribution of the pricier foreign beer. read more
Namibian pharmaceutical manufacturer, Fabupharm, grows 100% in one year

Namibian pharmaceutical manufacturer, Fabupharm, grows 100% in one year

23/04/2013 - 09:51
Fabupharm Products, a wholly-owned Namibian pharmaceutical manufacturer, has doubled in size over the past year. Subsequent to upgrading its manufacturing facility to comply with international standards, Fabupharm announced recently it has received an Official Manufacturing GMP (Good Manufacturing Practice) License from the Namibian Medicines Regulatory Council (NMRC). This means that Fabupharm is now licensed to manufacture scheduled medicinal products. read more
Walmart prefers own brand to Massmart’s Game in Africa roll-out

Walmart prefers own brand to Massmart’s Game in Africa roll-out

22/04/2013 - 09:32
As Wal-Mart Stores plotted an African entry strategy, buying Massmart Holdings two years ago was just the right vehicle. With 377 stores across the continent and a strong position in South Africa, Massmart offered the Americans a firm foothold in a fast-growing region. read more
Mr Price Expects 20% Surge In Profits

Mr Price Expects 20% Surge In Profits

19/04/2013 - 09:23
Shares of JSE-listed Mr Price gained 3 percent to R118.98 on Wednesday’s early trade after it said figures for the year ended March would be higher than in the previous reporting period. read more
Aspen to buy Nestle infant food business

Aspen to buy Nestle infant food business

18/04/2013 - 13:25
Johannesburg - Aspen Pharmacare Holdings [JSE:APN] has plans to buy Nestle's infant nutritional business for $215m, the company said on Thursday.  read more
US: Johnson & Johnson tops estimates as prescription, OTC drugs shine

US: Johnson & Johnson tops estimates as prescription, OTC drugs shine

18/04/2013 - 11:21
(Reuters) - Johnson & Johnson beat Wall Street's quarterly profit estimates on sharply lower taxes, strong sales of prescription drugs and a revival of over-the-counter medicines that had been recalled over quality control problems. read more
Danone sales boosted on baby food demand

Danone sales boosted on baby food demand

17/04/2013 - 10:58
Paris - French food group Danone said Tuesday the explosion in demand for baby formula in China helped lift sales by 4.3% in the first quarter of the year to €5.3bn ($6.9bn). read more
Nokia looks to boost revenue in China

Nokia looks to boost revenue in China

16/04/2013 - 08:28
Nokia’s push to expand sales of its Lumia smartphones in new markets such as China should help shrink an overall revenue decline and reduce its first-quarter loss, easing some of the pressure on CEO Stephen Elop.  read more
Kodak in deal to sell imaging unit

Kodak in deal to sell imaging unit

16/04/2013 - 08:10
Rochester - Kodak says it has agreed to sell some of its document imaging assets to Brother Industries Ltd. for about $210 million. read more
BlackBerry rejects return rate of Z10

BlackBerry rejects return rate of Z10

15/04/2013 - 09:09
Montreal - Smartphone maker BlackBerry on Friday slammed as "false and misleading" a brokerage research note which claimed consumers were returning the new Z10 handsets at a high rate. read more
SA approves new trade labels for Israel

SA approves new trade labels for Israel

12/04/2013 - 09:10
Johannesburg - South Africa has imposed new rules requiring goods imported from occupied Palestinian territories display special labels, a government official said on Thursday.  read more
SABMiller aims for nine-percent rise in African beer sales

SABMiller aims for nine-percent rise in African beer sales

11/04/2013 - 10:28
SABMiller planned to boost beer volume sales in Africa by between 7 percent and 9 percent a year by slashing prices, using more local grains and cheaper packaging, and negotiating better tax terms with governments, the company said yesterday. read more
PC sales see worst drop ever in Q1

PC sales see worst drop ever in Q1

11/04/2013 - 09:48
New York - Worldwide sales of personal computers slid 13.9% in the first quarter of 2013, research firm IDC said on Wednesday, the worst contraction since it began tracking the market in 1994. read more
Now could be Africa's time - economist

Now could be Africa's time - economist

10/04/2013 - 08:00
Cape Town - Fast growing Africa could be a dominant force in the world's economic landscape for decades to come if the continent gets its act together, top Goldman Sachs economist Jim O'Neill said on Tuesday.  read more
Kenya Retail: Naivas rolls out new store

Kenya Retail: Naivas rolls out new store

09/04/2013 - 12:37
Naivas rolls out Westlands branch NAIROBI, Kenya, Supermarket chain Naivas opened its latest branch in Westlands, Nairobi, bringing to 18 the number of their stores countrywide.  read more
Ericsson set to take over Microsoft unit

Ericsson set to take over Microsoft unit

09/04/2013 - 09:59
Stockholm - Swedish telecom equipment maker Ericsson said on Monday it had agreed to buy Microsoft's Internet Protocol television (IPTV) business Media Room for an undisclosed sum. read more
Ghana is second preferred place in Africa for British retailers, Study

Ghana is second preferred place in Africa for British retailers, Study

08/04/2013 - 10:46
A study conducted by Barclays Bank UK has revealed that Ghana is the second preferred African country for British retailers wanting to expand their businesses.  read more
Tablets spur smart connected device growth

Tablets spur smart connected device growth

08/04/2013 - 09:30
According to the International Data Corporation (IDC) Smart Connected Device Tracker, worldwide shipments of smart connected devices grew 29.1% year over year in 2012, crossing 1 billion units shipped with a value of $576.9 billion.  read more
MultiChoice Zambia opens DStv agency in Kitwe

MultiChoice Zambia opens DStv agency in Kitwe

05/04/2013 - 09:34
MULTICHOICE Zambia has opened a new Digital Satellite Television (DStv) agent outlet in Kitwe to serve its customers effectively and efficiently. read more
Kenya's most preferred milk brands

Kenya's most preferred milk brands

05/04/2013 - 08:50
Molo Milk beats KCC, Brookside as preferred brand  read more
Samsung predicts earnings increase

Samsung predicts earnings increase

05/04/2013 - 07:55
Seoul - South Korea's Samsung Electronics said on Friday it expected a sharp increase in first-quarter operating profit to 8.7-trillion won ($7.7-billion), up 52.9 percent from the first three months of 2012. read more
Versace family open to outside investors

Versace family open to outside investors

05/04/2013 - 07:27
Milan - Family owned Italian fashion house Versace is ready to sell some of the company to outside investors to help fund expansion in foreign markets such as Asia, its chief executive said in an interview.  read more
Nigerians Spent $1.2 Billion On 21 Million Mobile Phones In 2012

Nigerians Spent $1.2 Billion On 21 Million Mobile Phones In 2012

04/04/2013 - 08:24
Nigerians Spent $1.2 Billion On 21 Million Mobile Phones In 2012: GFK RT A report by GfK Retail and Technology Nigeria has shown the Nigerian market spent an average of 181 billion naira ($1.2 billion) to purchase 21.5 million mobile phones in 2012. read more
Apple to release updated phone

Apple to release updated phone

04/04/2013 - 07:53
New York - The Wall Street Journal says Apple is set for a possible summer launch of the next iPhone, rather than a fall launch like the last two models. read more
UK: Tesco's One Stop launches franchise model for independents

UK: Tesco's One Stop launches franchise model for independents

03/04/2013 - 14:42
Tesco-owned convenience store chain One Stop Store Limited has revealed plans to launch a new franchise model with local independent retailers. read more
New R220-million Elim Mall opens in Limpopo

New R220-million Elim Mall opens in Limpopo

03/04/2013 - 08:57
Elim Mall became the latest shopping mall to open in Limpopo province, on March 28 2013, bringing Elim consumers a new generation premium-grade retail experience. read more
Lenovo takes aim at Africa

Lenovo takes aim at Africa

02/04/2013 - 08:15
PC and mobile device manufacturer Lenovo is targeting the top position in Africa, with a planned expansion on the continent. read more
BlackBerry posts profit, Z10 a hit

BlackBerry posts profit, Z10 a hit

02/04/2013 - 07:20
Toronto - BlackBerry announced an unexpected quarterly profit on demand for the new touchscreen device that holds the key to its successful turnaround, but revenue remained far below year-earlier levels.  read more
Lindt loses Easter bunny trademark case

Lindt loses Easter bunny trademark case

02/04/2013 - 07:15
Zurich - Swiss premium chocolate maker Lindt & Spruengli has lost a court battle to protect its gold foil-wrapped Easter bunnies from imitation by a German rival. read more
Pick n Pay grows African footprint with sixth Zambian store opening

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 – in the country’s Copper Belt Province. This is a signal of confidence in Zambia’s economic future and takes the total number of Pick n Pay stores outside of South Africa to 95, across eight countries.  read more
Kenya:: Retailer, Naivas shaking off low end market tag

Kenya:: Retailer, Naivas shaking off low end market tag

27/03/2013 - 11:31
Retailer Naivas Supermarkets is taking competition head on in the scramble for business by venturing into high end areas that are dominated by the major players within the market. read more
China wine market soars

China wine market soars

26/03/2013 - 10:43
China is becoming an increasingly important market for New Zealand wine and a group of local firms is hoping to boost sales further by making an appearance this week at one of the Asian superpower's biggest international trade shows, the Chengdu Wine Fair.  read more
Local wine exports reached record high in 2012

Local wine exports reached record high in 2012

26/03/2013 - 09:58
South Africa is anticipating a grape crop of more than 1.3-million tons for 2013 – a record in the wine industry’s history – which could, depending on market demand, potentially aid wine exports. The country’s wine exports reached a record of 417-million litres in 2012, up 17% from 2011. read more
Under-21s face drinking ban in South Africa

Under-21s face drinking ban in South Africa

26/03/2013 - 09:12
Johannesburg - Eighteen-year-olds can drive, pay taxes and join the army – but will be banned from drinking alcohol if Health Minister Aaron Motsoaledi has his way. read more
Strong beer overpowers milder version in the Indian market

Strong beer overpowers milder version in the Indian market

26/03/2013 - 09:00
Bangalore: While Americans and Europeans prefer their beer to be light on alcohol content, Indians have traditionally been partial to a stronger brew, a preference that’s become further accentuated of late along with an improvement in the image associated with such beverages. read more
Walmart wine selling key to SA push

Walmart wine selling key to SA push

26/03/2013 - 08:13
South Africa, the eighth-biggest wine producer, is seeking to regain a foothold in the US market lost to imports from Australia to Argentina by promoting brands at Walmart Stores and Whole Foods Market, a diplomat said last week.  read more
SABMiller forecasts Latin American growth

SABMiller forecasts Latin American growth

26/03/2013 - 07:56
London - Global brewer SABMiller expects more growth from its business in Latin America, its largest market, even though the company has limited exposure to high-growth Brazil and Mexico. read more
Walmart tops list of most valuable U.S. retail brands; Macy’s, Amazon biggest risers

Walmart tops list of most valuable U.S. retail brands; Macy’s, Amazon biggest risers

22/03/2013 - 08:35
Dayton, Ohio -- Walmart holds on to the top spot in the annual ranking of the 50 most valuable U.S. retail brands from branding consultancy firm Interbrand.  read more
Public input will affect Sunday ban on liquor

Public input will affect Sunday ban on liquor

20/03/2013 - 14:08
Johannesburg - The Gauteng Economic Development Department says it will follow popular will on the proposed total ban on the sale of alcohol on Sundays. read more
Nokia beats HTC in patent case

Nokia beats HTC in patent case

20/03/2013 - 12:06
A German court ruled in favor of Finnish mobile phone maker Nokia on Tuesday, saying some devices made by Taiwan’s HTC infringed on its power-saving patent. read more
Council shocked at salt regulations

Council shocked at salt regulations

20/03/2013 - 10:05
Johannesburg - The Consumer Goods Council of SA (CGCSA) expressed disappointment on Tuesday at the publication of regulations to reduce salt content in foodstuffs. read more
Intel on hiring spree ahead of TV service

Intel on hiring spree ahead of TV service

19/03/2013 - 14:07
Intel Corp’s media group has been on a hiring spree as it prepares to launch an Internet television service later this year, underscoring the chip maker’s seriousness about the new business. read more
Danone pulls dairy products

Danone pulls dairy products

19/03/2013 - 13:16
Bucharest - French food industry group Danone said Monday it had withdrawn some of its dairy products from sale in Romania after a potentially carcinogenic substance was found in milk from one of its suppliers.  read more
Local P&G plant seen as vote of certainty

Local P&G plant seen as vote of certainty

18/03/2013 - 10:11
International consumer goods manufacturer Procter & Gamble (P&G), which plans to build a state-of-the-art R1.6 billion manufacturing plant in Gauteng, is positioning itself to capture growth in Africa as the slowdown in developed markets continues. read more
Chocoholics drive Lindt profits

Chocoholics drive Lindt profits

18/03/2013 - 08:26
Zurich - Swiss luxury chocolate maker Lindt & Spruengli said it was confident people would keep buying its sweet treats this year despite weak consumer sentiment in its key market, Europe.  read more
Watchdog acts on pork in halaal foods

Watchdog acts on pork in halaal foods

18/03/2013 - 08:16
Oslo - The Norwegian Food Safety Authority said on Friday it would file a police complaint against a food company after finding large quantities of pork in its halaal-labelled products. read more
Nakumatt opens 40th branch in Thika, Kenya

Nakumatt opens 40th branch in Thika, Kenya

15/03/2013 - 10:52
NAIROBI, Kenya, Feb 23 – Nakumatt Holdings says it has attained its midterm corporate expansion goal, with the opening of its 40th branch in Thika town. read more
Target buys two online kitchenware chains

Target buys two online kitchenware chains

15/03/2013 - 10:21
Minneapolis -- Target Corp. has made two e-commerce acquisitions aimed at expanding its presence in the growing cooking and kitchenware market. The retailer said it has acquired CHEFS Catalog and assets of Cooking.com in two separate transactions.  read more
Business startup bags big Woolies contract

Business startup bags big Woolies contract

14/03/2013 - 15:12
Cape Town - A steadfast commitment to exceptional quality, service and big dreams has allowed a startup company to turn their dreams into reality by manufacturing and supplying luxury paper bags for Country Road and Trenery - brands owned by Woolworths Holdings [JSE:WHL].  read more
Hostess: no other bids for Twinkies

Hostess: no other bids for Twinkies

13/03/2013 - 07:54
New York - Hostess is moving ahead with plans to sell its Twinkies and other snack cakes to two investment firms after no other competitive offers were made. read more
Clicks gains on retail market recovery

Clicks gains on retail market recovery

12/03/2013 - 09:05
Johannesburg - Clicks climbed the most in almost seven months as food and drug retailers continued to recover from an early-year slump driven by slower consumer spending. read more
AVI lifts headline earnings 8%

AVI lifts headline earnings 8%

12/03/2013 - 08:05
Johannesburg - Consumer goods group AVI [JSE:AVI] has reported an 8% rise in headline earnings per share to 210c in the six months ended December 2012‚ from 194.2c a year ago.  read more
SA Facebook users in alarming decline

SA Facebook users in alarming decline

11/03/2013 - 08:48
Social network Facebook has continued to lose South Africa users in February, according to data from social media monitoring firm, SocialBakers. read more
Adidas net profit down 14.2%

Adidas net profit down 14.2%

11/03/2013 - 07:53
Frankfurt - German sportswear and equipment maker Adidas said that one-off writedowns hit its bottom line in 2012, but underlying profits increased due to higher sales. read more
Unrest puts SA’s wine exports ‘at risk’

Unrest puts SA’s wine exports ‘at risk’

08/03/2013 - 13:38
South Africa’s wine exports to Sweden, one of the local industry’s biggest markets, are listed as “at risk” following the recent unrest that took place mainly in the Hex River Valley, although the farms there produce table grapes and not wine. read more
Steinhoff profit up 5%

Steinhoff profit up 5%

06/03/2013 - 08:28
Johannesburg - South African furniture maker and retailer Steinhoff International reported a 5 percent rise in first-half profit on Tuesday as the weaker rand currency helped offset slack consumer demand.  read more
Zim to conduct DNA tests on SA meat

Zim to conduct DNA tests on SA meat

05/03/2013 - 07:32
Harare - Zimbabwe is working on putting stringent measures on meat imports from South Africa amid concerns of contaminated meat products from the country.  read more