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Checkers takes aim at Woolies’ convenience market

Checkers takes aim at Woolies’ convenience market

27/02/2017 - 11:43
Shoprite wants to beat the market leader at its own game. read more
Gloomy outlook for SA’s retail sector

Gloomy outlook for SA’s retail sector

27/02/2017 - 10:53
The food and drug retailers index rallied just under 9% last week following the release of better-than-expected results from grocery giant Shoprite. read more
Whitey Basson leaves behind ‘excellent’ team

Whitey Basson leaves behind ‘excellent’ team

24/02/2017 - 16:44
The Shoprite icon delivers the last results under his watch, with numbers blowing past expectations and operations thriving in the rest of Africa.  read more
Tiger Brands ‘solid’ but Pioneer sees profit drop

Tiger Brands ‘solid’ but Pioneer sees profit drop

24/02/2017 - 14:49
Drought hits Pioneer’s earnings, while a ‘solid domestic market’ saves Tiger Brands from weak trading conditions across Africa. read more
Dumping of chicken hit group’s performance, says RCL Foods CEO

Dumping of chicken hit group’s performance, says RCL Foods CEO

24/02/2017 - 12:28
The company had to impair R142m of plant and equipment related to the decision to reduce commodity chicken volumes.  read more
Christo Wiese says he'll learn from failed merger talks

Christo Wiese says he'll learn from failed merger talks

24/02/2017 - 10:43
Johannesburg - Shoprite chairperson Christo Wiese said Africa’s biggest grocer had learned from failed merger talks with Steinhoff International and there are still ways the retailers can work together.  read more
BAT sells more cigarettes in 2017 driven by Rothmans’ brand appeal

BAT sells more cigarettes in 2017 driven by Rothmans’ brand appeal

24/02/2017 - 10:36
Rothmans appears to be the group’s best-performing brand, increasing volumes sold almost 37% driven by sales in Russia, Italy, and Nigeria, among others. read more
Cost control keeps Massmart buoyant

Cost control keeps Massmart buoyant

24/02/2017 - 10:30
Africa’s second-largest retailer manages to fend off tough trading conditions in the year to end-December with tight cost control. read more
Shoprite changes growth compass as Steinhoff talks fail

Shoprite changes growth compass as Steinhoff talks fail

24/02/2017 - 10:18
Johannesburg - Shoprite Holdings will focus on expansion outside Africa after talks with Steinhoff International Holdings to create the continent’s biggest retailer fell apart. read more
Make your category strategy stand out

Make your category strategy stand out

21/02/2017 - 11:02
Most in our industry would agree that, in theory, a good category strategy is of real value. By this, I mean a clear point of view on how a category can be grown that identifies a few key drivers and priority actions for each. But with most companies now having category strategies, and many of them looking similar, they can sometimes fail to get traction with key stakeholders.  read more
Shoprite’s interims a fitting sendoff for Whitey Basson

Shoprite’s interims a fitting sendoff for Whitey Basson

21/02/2017 - 10:03
The retailer says the drought and its effect on agricultural production, along with the high replacement cost of basic food imports, pushed up internal inflation. read more
Steinhoff calls off negotiations with Shoprite over merger

Steinhoff calls off negotiations with Shoprite over merger

21/02/2017 - 08:53
Shoprite’s share price jumped 7% and Steinhoff’s 6% after the retailers called off their proposed merger. read more
South Africans ditch cash and queues for online shopping

South Africans ditch cash and queues for online shopping

20/02/2017 - 16:31
South Africans are fast getting over their cyber anxiety‚ as more and more are choosing to ditch cash and queues for online shopping.  read more
Buffett’s Walmart sell-off is bad news for retailers

Buffett’s Walmart sell-off is bad news for retailers

20/02/2017 - 15:16
Billionaire investor Warren Buffett has dumped 90% of his Walmart shares, worth $900m. read more
Grocery stores to get rid of ‘sell by’ dates on food

Grocery stores to get rid of ‘sell by’ dates on food

20/02/2017 - 10:42
In an effort to cut down on confusion about labels on food items, grocery manufacturers and retailers are being urged to get rid of terms like 'sell-by' and 'best before'. read more
Slump hurts Truworths most

Slump hurts Truworths most

20/02/2017 - 09:27
Truworths has reported the worst decline in interim sales volumes of all the listed retailers on the JSE. read more
 Danone to cut costs as sales growth slows

Danone to cut costs as sales growth slows

20/02/2017 - 09:08
Paris - French dairy giant Danone unveiled a $1.1bn cost-cutting programme as it said that sales growth slowed last year. read more
Can lagging luxury brands stage a comeback in 2017?

Can lagging luxury brands stage a comeback in 2017?

17/02/2017 - 15:46
Department stores’ woes have captured the headlines, but unfortunately, they’re not the only ones on the sea of troubles.  read more
IGD reveals top five food-to-go trends

IGD reveals top five food-to-go trends

17/02/2017 - 14:26
With food-to-go taking a bigger bite of grocery markets around the world, Gavin Rothwell, Senior Retail Insight Manager at grocery research organisation IGD, identifies the top five trends he believes will shape this sector in the future. read more
Local study identifies key areas in global food losses

Local study identifies key areas in global food losses

17/02/2017 - 12:27
A South African study has identified key areas of the global food supply chain where high losses occur, particularly in developing countries. Reducing food losses and waste can contribute to efforts to alleviate world hunger. read more
Woolworths sees green shoots in Australia

Woolworths sees green shoots in Australia

17/02/2017 - 10:35
Woolworths says it is beginning to see some "green shoots" in its Australian operations, with significant changes in store for David Jones and Country Road Group. read more
Michael Kors opens first store in South Africa

Michael Kors opens first store in South Africa

17/02/2017 - 09:00
Michael Kors has recently opened its first store at the V&A Waterfront Mall in Cape Town. read more
Moody’s withdrawal of ratings is ‘good news’, says Edcon CEO Bernie Brookes

Moody’s withdrawal of ratings is ‘good news’, says Edcon CEO Bernie Brookes

16/02/2017 - 16:57
Edcon CEO Bernie Brookes says Moody’s agreement to withdraw its ratings of the retailer is good news.  read more
Nestlé sees slower sales as new CEO plans restructuring

Nestlé sees slower sales as new CEO plans restructuring

16/02/2017 - 11:57
Zurich - Nestlé SA forecast 2017 sales and profitability below its long-term targets as new chief executive officer (CEO) Mark Schneider steps up restructuring efforts to reignite growth at the world’s largest food company. read more
Foreign acquisitions a factor in Steinhoff’s share price declines

Foreign acquisitions a factor in Steinhoff’s share price declines

16/02/2017 - 09:37
Steinhoff’s corporate activity unnerves European and local investors, and Christo Wiese’s proposed deal makes matters ‘more complicated’ read more
Woolworths Holdings announces interim financial results

Woolworths Holdings announces interim financial results

16/02/2017 - 09:19
Woolworths Holdings Ltd (WHL) announces results for the 26 weeks to 25 December 2016. read more
New Look drags Brait down

New Look drags Brait down

15/02/2017 - 13:31
New Look was the ugly stain in Brait’s trading update for the quarter to December 2016, as the UK clothing retailer’s valuation fell R10bn following a 42% drop in the previous quarter. read more
Moody’s withdraws all its ratings on Edcon

Moody’s withdraws all its ratings on Edcon

15/02/2017 - 08:23
Moody’s says Edcon’s capital restructuring will short investors on what the company had initially promised them. read more
SA shoppers feel the love on Valentine's Day

SA shoppers feel the love on Valentine's Day

14/02/2017 - 23:04
South African shoppers feel the love on Valentine’s Day, spending more than ever on the romantic day of the year. read more
Italtile cements 15% rise in net profit

Italtile cements 15% rise in net profit

14/02/2017 - 08:43
Cost cutting will not affect the company’s expansion plans in SA, says chief financial officer Brandon Wood read more
Could The Body Shop benefit from being sold?

Could The Body Shop benefit from being sold?

13/02/2017 - 14:21
This week cosmetics giant L’Oréal announced it was considering the sale of one of Britain’s most iconic retailers: The Body Shop. read more
Levi's records 4th consecutive year of profits

Levi's records 4th consecutive year of profits

13/02/2017 - 09:40
Denim retailer and manufacturer Levi Strauss & Co has recorded increases quarterly and yearly net revenue and income for the fourth year in a row. read more
Pinterest makes it easier to buy with ‘Shop the Look’

Pinterest makes it easier to buy with ‘Shop the Look’

13/02/2017 - 09:07
Buying merchandise on Pinterest just got even easier. read more
Dis-Chem turnover fails to move investors

Dis-Chem turnover fails to move investors

13/02/2017 - 08:59
The trading update is largely upbeat, but investor enthusiasm for the JSE’s retail sector has been tempered read more
Billionaire Wiese’s long walk to Shoprite/Steinhoff merger

Billionaire Wiese’s long walk to Shoprite/Steinhoff merger

13/02/2017 - 08:48
Johannesburg - Christo Wiese, South Africa’s fourth-richest person with a fortune of about R76.26bn, is at the centre of plans to create the continent’s largest retailer by combining the African operations of Shoprite and Steinhoff. read more
Pioneer Foods expects tale of two halves in 2017 financial year

Pioneer Foods expects tale of two halves in 2017 financial year

10/02/2017 - 14:23
Pioneer Foods Group anticipates that its 2017 financial year to be a tale of two halves, with high input costs expected to cut into first-half profit before relenting in the second half. The food producer, which includes well-known brands such as White Star, is still reeling from the effects of the 2016 drought that pushed up grain prices, which was compounded by a weaker rand. read more
Brookes set to keep reins in Edcon drive

Brookes set to keep reins in Edcon drive

10/02/2017 - 09:14
Australian Bernie Brookes must undo the damage done by his predecessors at the retail powerhouse, writes Ann Crotty read more
UberEATS prospers in SA

UberEATS prospers in SA

09/02/2017 - 13:12
With the great success of the UberEATS launch in both Johannesburg and Cape Town and the overwhelming response received from both the ‘eaters’ and restaurateurs, UberEATS is set to expand in both cities.  read more
Kidswear continues to boom in 2017

Kidswear continues to boom in 2017

09/02/2017 - 08:58
Every January without fail, we see numerous articles predicting what’s hot and what’s not for the year ahead, across everything from politics to perfume. One trend which has not received as much airtime in media but has shown to be following a steep upward growth curve is the kids wear category. Technavio, an international market research company, forecasts the sector’s growth to be more than 6% by 2020 (source). This percentage far surpasses the anticipated growth in the women and men’s wear sectors for the same period.  read more
 Spar Group increases sales

Spar Group increases sales

09/02/2017 - 08:15
The Spar Group announced it has increased sales by 16.9% from R21.9bn to R25.6bn for the 13-week trading quarter ended 31 December 2016 over the comparable period in 2015.  read more
Tailwinds have become headwinds for retailers

Tailwinds have become headwinds for retailers

07/02/2017 - 11:56
With consumers cutting back in response to a tough economic climate and high food inflation, retailers could not wait to see the back of 2016.  read more
Gold Brands secures franchising deal

Gold Brands secures franchising deal

07/02/2017 - 08:16
Share price tumbles following an announcement by the company that it has secured a franchising deal with UK-based Casual Dining Group read more
Edcon smartens up as creditors take over

Edcon smartens up as creditors take over

03/02/2017 - 09:40
Benefits of internal restructuring, focus on consumers, better employment conditions and advances in technology expected to bear fruit in about a year read more
Apple takes Samsung's crown as bestselling smartphone retailer

Apple takes Samsung's crown as bestselling smartphone retailer

02/02/2017 - 12:44
Apple has reclaimed its title as the world’s largest smartphone retailer, after five consecutive years of falling behind Samsung. read more
H&M targets expansion in SA

H&M targets expansion in SA

02/02/2017 - 09:53
Hennes & Mauritz says it has an aggressive expansion strategy in place to expand on strong sales in SA. read more
Will rival clip Clicks’ wings?

Will rival clip Clicks’ wings?

01/02/2017 - 11:52
Growth of high-flying retailer and expansion by new listing Dis-Chem may saturate lucrative market read more
Steinhoff-Shoprite deal no easy sell

Steinhoff-Shoprite deal no easy sell

01/02/2017 - 10:04
Renewed cautionary suggests Christo Wiese is having difficulty persuading the main minority shareholders of the benefits read more
Four Richemont brand CEOs said to depart as overhaul widens

Four Richemont brand CEOs said to depart as overhaul widens

31/01/2017 - 14:31
Richemont plans to expand its management overhaul by naming new chief executive officers of four luxury brands including Alfred Dunhill, according to people familiar with the matter. read more
Nando’s to weigh London IPO amid expansion

Nando’s to weigh London IPO amid expansion

31/01/2017 - 13:50
Johannesburg - Nando’s Group, the South African fast-food company known for its spicy chicken and fries, is considering an initial public offering, according to people familiar with the matter. read more
Shoprite profits come roaring in

Shoprite profits come roaring in

30/01/2017 - 14:22
Despite a tough local market, Shoprite has edged its rivals and its rest of Africa play is going swimmingly read more
Bird holds out for Sovereign

Bird holds out for Sovereign

30/01/2017 - 12:00
CBH’s latest announcement highlights the litigious nature of the poultry producers’ deal read more
Clicks sales up 13.6% on strong Christmas trading

Clicks sales up 13.6% on strong Christmas trading

26/01/2017 - 14:11
Cape Town - Health and beauty retailer Clicks continued to show resilience despite current weak consumer spending with a sales increase of 13.6% in the 20 weeks to January 15, 2017. read more
Lewis shares unaffected by quarterly revenue fall

Lewis shares unaffected by quarterly revenue fall

26/01/2017 - 09:22
The Lewis share price held up reasonably well on Wednesday despite the release of yet another grim trading update from a major retail group.  read more
 Dubai shopping festival attracts millions

Dubai shopping festival attracts millions

26/01/2017 - 09:01
Cape Town - The annual Dubai Shopping Festival (DSF) attracts over three million visitors per year and presents world-class retail, entertain and food experiences.  read more
Online shopping blasting holes in traditional retailer profits

Online shopping blasting holes in traditional retailer profits

25/01/2017 - 10:11
Faster, cheaper and more convenient online alternatives stalk traditional retail sector read more
AVI expects positive HEPS figure despite tough trading conditions

AVI expects positive HEPS figure despite tough trading conditions

24/01/2017 - 16:53
Fast-moving consumer goods group AVI expects its headline earnings per share (HEPS) for the six months to end-December to have grown up to 9%. read more
Retailers squeeze out some cheer with hefty markdowns

Retailers squeeze out some cheer with hefty markdowns

24/01/2017 - 08:39
Although local retailers used the Black Friday phenomenon and rigorous promotions as best they could, the result was somewhat disappointing. read more
Eyewear giants Luxottica and Essilor merge in $49 Billion deal

Eyewear giants Luxottica and Essilor merge in $49 Billion deal

23/01/2017 - 14:53
Two of the biggest players in the $121 billion global eyewear market, Luxottica and Essilor, will team up in a $49 billion all-share deal. read more
Cashbuild key to success is in lower end

Cashbuild key to success is in lower end

20/01/2017 - 10:10
Cashbuild’s meteoric rise since 2009 came just as stock exchanges around the world imploded into the global financial crisis. read more
Shoprite wins as consumers seek cheap food to beat inflation

Shoprite wins as consumers seek cheap food to beat inflation

19/01/2017 - 11:47
Johannesburg - South African shoppers with limited spending money are turning to low-cost supermarket chains such as Shoprite Holdings for cheaper food and eschewing new clothes to counter accelerating inflation. read more
Black Friday provides boost for SA retail sales

Black Friday provides boost for SA retail sales

19/01/2017 - 09:28
Johannesburg – Following a short-lived boost, retail sales may slow down in the first half of 2017 because of increased consumer pressures in the coming months, say analysts. read more
KPMG survey details what online shoppers really want

KPMG survey details what online shoppers really want

18/01/2017 - 08:33
A new report by KPMG International analyses the online shopping preferences and behaviours of more than 18,000 consumers in 51 countries, by geography, generation and product category. read more
African businesses help boost Shoprite turnover by 14%

African businesses help boost Shoprite turnover by 14%

18/01/2017 - 08:17
Cape Town - The Shoprite Group increased its turnover by 14.0% from R62.5 billion to R71.3 billion for the six months to December 2016, the Group said in a note to shareholders.  read more
Trade mark registration: Truworths no longer has "the look"

Trade mark registration: Truworths no longer has "the look"

17/01/2017 - 11:46
Ackermans has recently been successful in a precedent setting trade mark dispute against Truworths which was heard by the Supreme Court of Appeal. The trade mark at the centre of the dispute was “THE LOOK”. read more
Grinch steals Mr Price’s Christmas cheer

Grinch steals Mr Price’s Christmas cheer

17/01/2017 - 11:22
Budget clothing retailer Mr Price suffered a 0.5% decline in sales to R6.1bn over the Christmas quarter even before taking into account high product inflation of 10.8%. read more
2017 retail predictions

2017 retail predictions

17/01/2017 - 08:43
As the new year gets underway, it’s time to look forward to the changes and trends 2017 will bring. For retailers, that includes some new consumer behaviours, in addition to the always-expected technological advances. read more
Shoprite and Steinhoff release full of hot air

Shoprite and Steinhoff release full of hot air

17/01/2017 - 08:22
Great excitement on the day before the day that marks the last working day of the year for many of us; on December 14, Shoprite and Steinhoff released a Sens statement entitled "joint detailed cautionary announcement relating to the establishment of an African retail champion". read more
TFG shares shoot up as retailer provides a rare bright spot in the sector

TFG shares shoot up as retailer provides a rare bright spot in the sector

16/01/2017 - 15:51
TFG’s share price shot up more than 6% in midday trade after the retailer said its Christmas sales exceeded expectation. read more
How being sceptical paid off for Massmart

How being sceptical paid off for Massmart

16/01/2017 - 10:33
The company says its cautious strategy in the rest of Africa is proving to be the right approach. read more
Truworths 26-week sales rise 21% but earnings drop marginally

Truworths 26-week sales rise 21% but earnings drop marginally

16/01/2017 - 08:29
On Thursday Truworths International reported a 21% rise in retail sales to R10.2bn for the 26-week period that ended on Christmas Day. read more
Woolworths pre-update trade in shares queried

Woolworths pre-update trade in shares queried

13/01/2017 - 08:40
A number of investors have raised suspicions about possible irregularities in Woolworths share trading ahead of the release of its worst interim trading update in recent memory. read more
Richemont reports Christmas boost on watch rebound

Richemont reports Christmas boost on watch rebound

12/01/2017 - 10:37
Zurich - Richemont, the maker of Cartier necklaces and IWC Schaffhausen timepieces, reported an unexpected gain in Christmas-season revenue, boosted by demand for luxury jewellery and a rebound in watch sales at its own stores. read more
Woolworths’ nightmare after Christmas

Woolworths’ nightmare after Christmas

12/01/2017 - 09:09
Retailer blames the exclusion of Boxing Day from the first half figures for its 2017 financial year for part of its lacklustre sales growth figures read more
Market sells on tie-up news as Shoprite takes bigger hit

Market sells on tie-up news as Shoprite takes bigger hit

12/01/2017 - 08:27
The deal is to be priced slightly in favour of Steinhoff, share prices suggest read more
Top baby-boomer shopping habits retailers can’t afford to ignore

Top baby-boomer shopping habits retailers can’t afford to ignore

11/01/2017 - 15:16
Millennials grab most of the attention from brand marketers, but baby boomers still have greater disposable income and far more purchasing clout.  read more
The sad state of the luxury handbag industry

The sad state of the luxury handbag industry

11/01/2017 - 08:50
New York - Handbag makers are busy battling waning demand and markdowns at stores, and that may have diverted their attention from what could make them successful in the long run: creativity. read more
McDonald’s sells China stake for $1.7bn

McDonald’s sells China stake for $1.7bn

10/01/2017 - 09:37
Hong Kong - McDonald’s agreed to sell a controlling stake in its China and Hong Kong operations to a group of investors for about $1.7bn, a key component of the fast-food giant’s reorganisation in a market where it’s struggling to catch up with more nimble rivals. read more
After a decade iPhone keeps making waves

After a decade iPhone keeps making waves

10/01/2017 - 09:05
Putting the internet in people’s pockets, and on tablet computers, has profoundly changed the way people watch films, get news, socialise and work read more
The future of retail: Robots to replace people?

The future of retail: Robots to replace people?

10/01/2017 - 08:39
Johannesburg – More retail stores are downsizing and some are even closing as e-commerce becomes more popular among consumers. read more
7 trends set to define grocery retail in 2017

7 trends set to define grocery retail in 2017

09/01/2017 - 09:40
Online grocery, last-mile shipping, social media marketing, product transparency and differentiated shopping experiences will highlight the year ahead. read more
Tiger Brands bosses cash in after failure

Tiger Brands bosses cash in after failure

09/01/2017 - 08:49
Months after taking a R2.2bn write-down on its disastrous Nigerian acquisition, Tiger Brands’ remuneration committee raised the fees of the directors who had overseen the decision to invest in the value- destroying Dangote Flour Mills. read more
 Danone sales growth to miss target

Danone sales growth to miss target

19/12/2016 - 13:45
Zurich - Danone, the world’s biggest yogurt maker, said sales growth will be slightly below its target for 2016 as its fresh dairy business shrinks for a third year, hurt by weak demand in Spain and a slower-than-expected revamp of the Activia yogurt brand across Europe. read more
Woolworths launches free Wi-Fi in 85 stores

Woolworths launches free Wi-Fi in 85 stores

15/12/2016 - 13:50
Woolworths said on Thursday it had launched free Wi-Fi in 85 stores nationally, as customers continue to shift to online and mobile shopping platforms this festive season. read more
Steinhoff’s African units to merge with Shoprite to become Retail Africa

Steinhoff’s African units to merge with Shoprite to become Retail Africa

14/12/2016 - 15:03
Shoprite and the African operations of Steinhoff are to be merged into a new group called Retail Africa, major shareholders of both retailers Christo Wiese and the Public Investment Corporation (PIC) announced on Wednesday. read more
SA malls brace for festive season spending

SA malls brace for festive season spending

14/12/2016 - 14:40
Tough macro-economic conditions have little effect on consumer spend – economist  read more
R1bn supermall opens in Thohoyandou August 2017

R1bn supermall opens in Thohoyandou August 2017

14/12/2016 - 14:34
Thohoyandou in Limpopo will have its first fully enclosed, double-storey, air-conditioned regional mall when it opens on 24 August 2017. Thavhani Mall, a R1bn project will have over 134 shops, restaurants and service outlets in a 50,000sqm development. read more
No trimmings on this year's festive budget

No trimmings on this year's festive budget

14/12/2016 - 09:42
Shoppers likely to trim their budgets instead of opting for all the trimmings this festive season, according to research conducted for South African Council of Shopping Centres (SACSC) by Urban Studies. The survey gauged expectations of landlords, retailers and financiers for the season's Christmas shopping. read more
R250m centre for Constantia

R250m centre for Constantia

13/12/2016 - 10:39
Cape Town's upmarket suburb of Constantia is poised to get a new shopping centre and two traffic circles. read more
South African Hyperli launches new online deal marketplace

South African Hyperli launches new online deal marketplace

12/12/2016 - 11:57
7 December 2016, Cape Town: Fast on the heels of Groupon’s exit from the South African market, newly formed Hyperli is set to take the online deal marketplace by storm. Hyperli has honed its offering and today launches a newly curated online marketplace focused on delivering relevant deals to South African consumers. read more
Steinhoff adds R42bn in market value in two days

Steinhoff adds R42bn in market value in two days

12/12/2016 - 11:03
The rally was sparked by Steinhoff's report of 20.3% growth in its constant currency quarterly retail sales. read more
Mall monopolies keep rivals away

Mall monopolies keep rivals away

12/12/2016 - 08:55
There are cracks emerging in the grocery retail ­sector from the practice of established players trying to keep competition out by entering into “exclusive leases”. read more
Retail trends for the 2016 festive shopping season

Retail trends for the 2016 festive shopping season

09/12/2016 - 15:17
As the festive fever finally begins to take hold, retailers that can connect more to their customers while still offering world-class products and services will find themselves in high demand. read more
Christo Wiese has no regrets even after Brexit burn

Christo Wiese has no regrets even after Brexit burn

09/12/2016 - 11:59
Johannesburg/London — South African billionaire Christo Wiese navigated the upheavals of apartheid and the creation of a free nation over more than five decades to build a $6bn personal fortune. read more
Christmas cheer lifts JSE retailers

Christmas cheer lifts JSE retailers

09/12/2016 - 11:14
The JSE’s general retailers gained 4% on Thursday as punters bet on strong Christmas sales. But mixed signals from Asian markets on Friday morning made it unclear its the bourse could end the week on a high note. read more
Low spending hits Shoprite credit

Low spending hits Shoprite credit

09/12/2016 - 11:02
The lending arm of Africa’s largest retailer sees a decline in credit sales for the first time since listing read more
Steinhoff clams up on tie-up

Steinhoff clams up on tie-up

08/12/2016 - 14:59
Steinhoff CEO Markus Jooste shot down speculation that the company could be looking for acquisitions in South America but danced around the question concerning a long-rumoured tie-up with Shoprite. read more
Puratos to buy half of Bidcorp Bakery

Puratos to buy half of Bidcorp Bakery

08/12/2016 - 09:17
Bid Corporation (Bidcorp), the food services conglomerate, announced on Wednesday the sale of half of its subsidiary Bidcorp Bakery Solutions (BBS) to Brussels-based Puratos Group. read more
Greenacres R420m revamp to be completed midyear

Greenacres R420m revamp to be completed midyear

08/12/2016 - 08:43
VA International Architects are nearing completion of the mammoth two-year, R420m upgrade of the Greenacres Shopping Centre. read more
R300k penalty for Premium Brand

R300k penalty for Premium Brand

08/12/2016 - 08:35
Cape Town - Premium Brand has been ordered to pay an administrative penalty of R300 500 relating to prohibited practice, the Competition Tribunal said on Wednesday.  read more
Richemont offers to scale back plan to cut watchmaking jobs

Richemont offers to scale back plan to cut watchmaking jobs

08/12/2016 - 08:32
Zurich - Richemont offered to reduce a job-cut plan by about 20%, though worker representatives still demanded more concessions from the Swiss luxury-goods maker as they protested near the headquarters of its Piaget and Vacheron Constantin brands. read more