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Christo Wiese steps down as Steinhoff chairman

Christo Wiese steps down as Steinhoff chairman

15/12/2017 - 11:46
Steinhoff International chairman and largest shareholder, billionaire Christo Wiese, is stepping down from the supervisory board following the accounting scandal that has engulfed the retail giant. read more
SA egg shortage sends prices scrambling

SA egg shortage sends prices scrambling

15/12/2017 - 10:48
The flu virus takes its toll.  read more
Shopping malls getting bigger, says study

Shopping malls getting bigger, says study

15/12/2017 - 08:50
According to a recent study conducted by Morgan Stanley Capital International (MSCI) Real Estate South Africa on behalf of the South African Council of Shopping Centres (SACSC), malls are getting bigger. read more
TFG Collect In Store expands countrywide

TFG Collect In Store expands countrywide

15/12/2017 - 08:39
The Foschini Group (TFG) has rolled out its Collect In Store service for online shoppers across the country, taking the number of participating stores to 184, and now offers the service entirely free, with no qualifying amount required. read more
Was Black Friday a win in SA?

Was Black Friday a win in SA?

15/12/2017 - 08:25
Retailers and consumers, door deals and online marketing, geo-tracking, real-time parking deals and refreshments for physical shoppers. Black Friday has evolved into a complex sales phenomenon and looks set to continue to reach new highs, despite (or because of) our rocky economic status.  read more
Steinhoff reveals accounting errors going back to 2016

Steinhoff reveals accounting errors going back to 2016

14/12/2017 - 16:45
Steinhoff International Holdings has revealed that its accounting errors stretch back into 2016, highlighting the extent of wrongdoing at the clothing and furniture retailer that’s led to an unprecedented stock slump over the last week. read more
Woolworths issues product recall on kids tees testing positive for animal fur

Woolworths issues product recall on kids tees testing positive for animal fur

14/12/2017 - 15:28
Woolworths would like to advise their customers that it was alerted to the potential use of animal fur in the pom-pom trims on three children’s t-shirts. With immediate effect, the product was removed off the shelf, pending further investigation. Independent testing was commissioned and has confirmed that the fibre used in the pom-pom trim is indeed animal fur. read more
BAT assured of solid earnings growth

BAT assured of solid earnings growth

14/12/2017 - 09:53
Cigarette company British American Tobacco (BAT) is confident of good earnings growth in the financial year to end-December on a constant currency basis. read more
L’Oreal releases its first fully plant-based hair dye

L’Oreal releases its first fully plant-based hair dye

13/12/2017 - 14:19
L’Oreal, founded more than a century ago by a French chemist who formulated safer, more natural-looking hair dyes, is releasing its first fully plant-based colouring as consumers’ definitions of naturalness and product safety evolve. read more
More probes into embattled Steinhoff as shares continue partial recovery

More probes into embattled Steinhoff as shares continue partial recovery

13/12/2017 - 13:11
Steinhoff’s share price gained another 26% to close at R11.76 on Tuesday even as more investigations into alleged fraud at the embattled global retailer were launched. read more
Dis-Chem raises R1.1bn but sentiment sours on news of executive sales

Dis-Chem raises R1.1bn but sentiment sours on news of executive sales

13/12/2017 - 10:29
Pharmacy group Dis-Chem has raised R1.1bn to fund its expansion, but the news failed to impress shareholders. read more
Shoprite urges consumers to #ActForChange this festive season

Shoprite urges consumers to #ActForChange this festive season

12/12/2017 - 15:15
South Africans are invited to take hands with the Shoprite Group, who is utilising its extensive store network to support charitable organisations this festive season, to bring some joy to thousands of less fortunate people around the country. read more
Dis-Chem shares fall 9% as founders sell shares

Dis-Chem shares fall 9% as founders sell shares

12/12/2017 - 13:33
Dis-Chem Pharmacies’ share price fell 9% to R35.10 on Tuesday morning, just above the R35 per share book build price achieved by founders selling some of their shares.  read more
Reputation and corporate bottom line: Steinhoff as a case study

Reputation and corporate bottom line: Steinhoff as a case study

12/12/2017 - 11:17
Even though Christo Wiese has taken the helm as the interim CEO and is trying to stabilise the ship through the storm, Steinhoff faces the threat of becoming the biggest bankruptcy in South African corporate history. (Business Times, 10 December 2017).  read more
SA goes cold turkey as retailers battle to source traditional fare

SA goes cold turkey as retailers battle to source traditional fare

12/12/2017 - 09:45
SA retailers battle to source traditional fare for the festive season. read more
Steinhoff pins hope on Moelis and AlixPartners

Steinhoff pins hope on Moelis and AlixPartners

11/12/2017 - 09:29
Steinhoff International attempted to staunch the bleeding by appointing US investment bank Moelis & Company and management consultants AlixPartners on Sunday. read more
Steinhoff crashes again after Moody's downgrade to junk

Steinhoff crashes again after Moody's downgrade to junk

08/12/2017 - 10:00
Steinhoff International’s crash resumed on Friday morning, with the share falling another 45% to R5.50, taking its plunge over the week to 90% from Monday’s opening price of R55.80. read more
Checkers Christmas cake voted SA's #1

Checkers Christmas cake voted SA's #1

07/12/2017 - 10:05
Checkers’ Limited Edition Luxury Fruit and Nut Topped Christmas Cake was voted the best and most decadent Christmas cake in South Africa in the latest Sunday Times Food Awards.  read more
Black Friday vs Cyber Monday in South Africa – who won?

Black Friday vs Cyber Monday in South Africa – who won?

07/12/2017 - 09:58
BankservAfrica, Africa’s largest automated payments clearing house, has published transaction data from Black Friday and Cyber Monday in South Africa for 2017. read more
Steinhoff shares plunge after CEO quits

Steinhoff shares plunge after CEO quits

06/12/2017 - 14:16
Steinhoff International plunged by a record 62% after CEO Markus Jooste quit in the wake of irregularities in the company’s accounts that require further investigation. read more
Markus Jooste quits as Steinhoff CEO

Markus Jooste quits as Steinhoff CEO

06/12/2017 - 10:19
Steinhoff International CEO Marcus Jooste resigned on Tuesday night, and the release of the company's full-year results - originally scheduled for Wednesday - has been delayed indefinitely. read more
 Shoprite renovates safe house for 21 children

Shoprite renovates safe house for 21 children

04/12/2017 - 14:00
Emma Makhatini’s residence in Blue Downs, also known as the Ethembeni Educare & Children’s Care Centre, is home to 21 children who call her ‘mommy’. As a widowed pensioner, Makhatini could not afford to upgrade her security, which put her at risk of losing her Department of Social Development (DSD) registration. read more
Steinhoff exercises its call options for Shoprite

Steinhoff exercises its call options for Shoprite

04/12/2017 - 13:34
Africa's biggest food retailer, Shoprite, on Friday confirmed that Steinhoff Africa Retail (Star) had exercised the call options to acquire a 23.1percent economic stake in and a 50.6percent voting control of the company.  read more
Pep and Ackermans give Star a boost

Pep and Ackermans give Star a boost

04/12/2017 - 10:32
Star, the JSE-listed holding company of Pep, Ackerman and other retailers unbundled from Steinhoff on September 20, released its first financial results as a standalone group on Monday morning. read more
Philip Morris opens first boutique store in SA

Philip Morris opens first boutique store in SA

04/12/2017 - 10:08
In an effort to stub out cigarettes and design a better tomorrow for South Africans, Philip Morris International (PMI), a leading tobacco company, has opened its first South African retail location at the Waterfront in Cape Town. read more
International survey reveals: While Black Friday has gone global, Cyber Monday has remained North American

International survey reveals: While Black Friday has gone global, Cyber Monday has remained North American

01/12/2017 - 11:11
An international survey performed the week preceding Black Friday 2017 examined consumer preferences in anticipation of the end-of-year shopping events. read more
Makro opens flagship store in Fourways

Makro opens flagship store in Fourways

30/11/2017 - 14:53
Retail giant Makro has opened a massive new flagship store in Riversands, north of Fourways in Johannesburg. read more
Woolworths in eye of a storm

Woolworths in eye of a storm

29/11/2017 - 09:57
Woolworths chairman Simon Susman told shareholders at Tuesday’s annual general meeting that the board was confident of the group’s Australian strategy.  read more
Shoprite’s Suppliers of the Year go the extra mile

Shoprite’s Suppliers of the Year go the extra mile

28/11/2017 - 13:15
The Shoprite Group recently celebrated its most innovative and reliable suppliers at its 2017 Supplier of the Year Awards.  read more
Tiger Brands eyes Africa expansion

Tiger Brands eyes Africa expansion

28/11/2017 - 10:39
Tiger Brands was looking for acquisitions outside SA and would place more emphasis on due diligence than in the past, management said on Monday. read more
Shoprite rolls out its trucks to help drought-stricken farming communities

Shoprite rolls out its trucks to help drought-stricken farming communities

27/11/2017 - 09:40
Five trucks left the Shoprite Group’s distribution centre in Centurion on Friday morning to collect fodder and transport it to the Northern Cape, where the worst drought conditions in a century are killing off livestock and threatening farmers’ and farm workers’ livelihoods. read more
Tiger Brands hit by strikes and tough market conditions

Tiger Brands hit by strikes and tough market conditions

27/11/2017 - 09:07
Strikes, a shrinking market and aggressive competition in the snacks and treats sector were among the reasons Tiger Brands gave for flat sales and lower profits for its 2017 financial year. read more
Makro acquires last-mile delivery startup Wumdrop

Makro acquires last-mile delivery startup Wumdrop

24/11/2017 - 09:41
Makro has acquired a majority stake in last-mile delivery startup, Wumdrop, which will allow the retailer to shrink the delivery window in getting products to its customers. read more
Corporate SA heeds Shoprite’s challenge to help save water

Corporate SA heeds Shoprite’s challenge to help save water

22/11/2017 - 16:15
Corporate South Africa has come on board to support a Smart Water Meter challenge initiated by the Shoprite Group to help roll out a ground-breaking water-saving initiative at Western Cape schools and make a real difference to the province’s water crisis.  read more
Black Friday heads to Shoprite stores countrywide

Black Friday heads to Shoprite stores countrywide

22/11/2017 - 16:01
Shoprite stores countrywide will for the first time ever participate in Black Friday, the world’s biggest sales promotion, on 24 November.  read more
Sandton City Dis-Chem flagship store to open in 2018

Sandton City Dis-Chem flagship store to open in 2018

22/11/2017 - 14:55
Sandton City today announced that Dis-Chem will join its exceptional retail mix next year with a flagship 1,800sqm store. read more
How Rhodes plans to increase capacity

How Rhodes plans to increase capacity

22/11/2017 - 09:11
Rhodes Food will spend R350m in the 2018 financial year to, among other things, expand capacity at its pie and bakery facilities, and install clear juice concentrate plant at the Groot Drakenstein production hub to further vertically integrate the fruit juice operation. read more
This year’s Black Friday promises to be ‘best ever’

This year’s Black Friday promises to be ‘best ever’

21/11/2017 - 11:26
Economist Mike Schussler said he expects to see large numbers of consumers spending on Black Friday despite the dire economy. read more
What are South Africans expecting this Black Friday

What are South Africans expecting this Black Friday

21/11/2017 - 11:03
We’ve all heard the stories about Black Friday in the US - all the latest goods at crazy low prices - but are South Africans experiencing the biggest day on the shopping calendar in the same way? Kevin Tucker, Founder and CEO of PriceCheck, Africa’s most popular comparison and discovery service, says there’s no doubt about it.  read more
Pioneer Foods' full-year profit plunges on lagging effects of drought

Pioneer Foods' full-year profit plunges on lagging effects of drought

21/11/2017 - 10:07
Pioneer Foods sees a recovery in the 2018 financial year after disappointing results in the year to September. read more
Maerua Mall bucks trend during economic downturn

Maerua Mall bucks trend during economic downturn

21/11/2017 - 09:46
Despite the country’s economic travails over the last couple of years, Maerua Mall has shown its confidence in Namibia’s ability to bounce back by commissioning and overseeing a major upgrade to the shopping centre that included the establishment of a brand-new Family Entertainment Centre. read more
No blackout on Black Friday‚ say retailers

No blackout on Black Friday‚ say retailers

20/11/2017 - 15:31
Will the "glitch" steal Christmas for online shoppers this Black Friday? read more
Lower feed costs boost Astral’s earnings

Lower feed costs boost Astral’s earnings

20/11/2017 - 14:36
Astral Foods has raised its final dividend by a hefty 775% to R8.75, after the poultry producer nearly doubled its full-year headline profit. read more
Local retailers pin hopes on Black Friday sales

Local retailers pin hopes on Black Friday sales

20/11/2017 - 08:41
Despite a dire political and economic environment, retailers are upbeat about Black Friday sales and Christmas spending. read more
Checkers partners up with UberEATS

Checkers partners up with UberEATS

17/11/2017 - 14:37
Checkers announced it is partnering with UberEATS to make holiday entertaining even more convenient for its Cape Town consumers this summer.  read more
Weylandts launches concept store in Sandton City

Weylandts launches concept store in Sandton City

17/11/2017 - 14:13
SA’s leading furniture and homeware retailer, Weylandts, has launched an exciting new concept store in Sandton City. A dramatic luxury hotel-themed shop fitting canvas has been created on which to display their furniture and homeware, providing a shopping experience unique to South Africa. read more
Trading hardship continues for Italtile

Trading hardship continues for Italtile

17/11/2017 - 11:19
Italtile says weak trading conditions in the second half of the financial year persisted in the 19 weeks from July 1 to November 10. read more
#BlackFriday: Takealot ready for ‘exam time’

#BlackFriday: Takealot ready for ‘exam time’

17/11/2017 - 09:35
Online retailer Takealot.com launched #BlackFriday in South Africa five years ago. While at the time the event was meant to be a promotional effort for the brand, CEO Kim Reid now thinks of it as an annual exam. read more
South Africans going increasingly global for Black Friday deals

South Africans going increasingly global for Black Friday deals

16/11/2017 - 11:51
South Africans are increasingly shopping for global Black Friday deals in the US, UK, China, Australia and Europe by subscribing to international shipping services. read more
Spar to rotate external auditors

Spar to rotate external auditors

16/11/2017 - 11:41
The Spar Group is the second JSE-listed company to move to comply with the new requirement of the Independent Regulatory Board for Auditors (Irba) that external auditors be rotated every 10 years. Mandatory audit firm rotation will come into force in 2023. read more
Woolworths will be dreaming of a prime Christmas

Woolworths will be dreaming of a prime Christmas

16/11/2017 - 09:40
Woolworths will need strong Christmas sales for its interim turnover growth to outpace inflation, a trading update for the first 20 weeks of its financial year released on Thursday morning indicated. read more
Shoppers turning to one-stop forecourt stores

Shoppers turning to one-stop forecourt stores

15/11/2017 - 13:16
Despite the pressurised retail environment in SA, there is excellent potential for one-stop-shops like garage stores and corner shops. read more
Bottle stores help Spar counter slowing grocery sales growth

Bottle stores help Spar counter slowing grocery sales growth

15/11/2017 - 08:39
Double-digit liquor sales growth outweighed lower grocery sales for Spar in the year to end-September. read more
Edcon reports profit improvement despite decline in sales

Edcon reports profit improvement despite decline in sales

14/11/2017 - 17:04
Unlisted retail group Edcon reported on Tuesday that its net profit improved by 3.8% to R2bn, although sales declined in the September quarter from the matching period in 2016 read more
Spar opens first premium store in China

Spar opens first premium store in China

13/11/2017 - 10:58
Spar has opened its first premium store in China, with a focus on green, environmentally friendly and health conscious produce. read more
Lewis sells more furniture, but more of it is on credit

Lewis sells more furniture, but more of it is on credit

13/11/2017 - 08:53
The proportion of furniture Lewis sold on credit in the first half of is financial year widened to 68.8% from 63.4% in the matching period, helping it grow merchandise sales 5% to R1.3bn. read more
Strong performance in Asia-Pacific helps Richemont return to growth

Strong performance in Asia-Pacific helps Richemont return to growth

10/11/2017 - 15:34
A 23% surge in luxury watch and jewellery sales in Richemont’s largest market, Asia-Pacific, helped the group return to growth in the first half of its financial year. read more
Adidas sales soar in key markets

Adidas sales soar in key markets

10/11/2017 - 13:47
Sportswear giant Adidas has seen group revenues across all but one of its markets grow over the last quarter. read more
Steinhoff disputes disclosure claim

Steinhoff disputes disclosure claim

09/11/2017 - 10:11
Steinhoff International has been forced to defend itself against damaging European media reports for the third time in as many months. read more
PriceCheck partners with Reckitt Benckiser

PriceCheck partners with Reckitt Benckiser

08/11/2017 - 16:32
Africa’s largest product discovery and comparison service, PriceCheck has announced its most recent effort to provide South Africans with a variety of product options at the best prices - partnering with Reckitt Benckiser, the British company behind Durex condoms, Nurofen tablets and Dettol cleaners. read more
CA Sales the third counter on 4AX

CA Sales the third counter on 4AX

08/11/2017 - 15:20
CA Sales made its debut on the 4 Africa Exchange (4AX) on Tuesday, becoming the third company to list on the exchange. read more
TFG acquires clothing brand Hobbs

TFG acquires clothing brand Hobbs

07/11/2017 - 13:46
TFG announces the acquisition of contemporary British womenswear brand Hobbs. read more
Shares in Mr Price benefit from upbeat announcement

Shares in Mr Price benefit from upbeat announcement

07/11/2017 - 10:21
Retail group Mr Price’s share price jumped 11% to R169.99 on Tuesday morning after it said interim earnings grew by up to 25%. read more
Heinz Foods SA to become wholly owned subsidiary of Pioneer

Heinz Foods SA to become wholly owned subsidiary of Pioneer

07/11/2017 - 08:52
US multinational Kraft Heinz is selling its 50.1% stake in its South African operations to joint-venture partner Pioneer Foods for an undisclosed amount. read more
TFG holds out for Christmas sales

TFG holds out for Christmas sales

06/11/2017 - 09:47
Fashion retailer TFG is relying on Christmas trading to boost it’s full-year performance, as its bottom line remained flat for its half-year results. read more
Choppies wraps up purchase in KZN

Choppies wraps up purchase in KZN

06/11/2017 - 09:29
Botswana-based retailer Choppies has completed the acquisition of KwaZulu-Natal’s Arizona Wholesalers and Butcheries, adding to its 71-strong retail footprint in SA. read more
Storm brews as Shoprite investors challenge pay policy

Storm brews as Shoprite investors challenge pay policy

03/11/2017 - 08:56
A hefty 65% of Shoprite’s "outside shareholders" voted against the group’s remuneration policy at the 2017 annual general meeting, but not all of them want to participate in next week’s unprecedented teleconference called to discuss their concerns. read more
Truworths' share price falls after disappointing sales report

Truworths' share price falls after disappointing sales report

02/11/2017 - 12:03
Truworths’ share price fell 5% to R73.22 on Thursday morning after it said retail sales had declined 3% to R5.5bn during the first 17 weeks of its financial year compared with the matching period in 2016. read more
Estée Lauder quarterly sales and profit up

Estée Lauder quarterly sales and profit up

01/11/2017 - 14:31
On Wednesday, Estée Lauder reported better-than-expected quarterly sales and profit, helped by demand for makeup from its brands, including Tom Ford and Smashbox and revenue from recent acquisitions aimed at attracting younger customers. read more
Mondelēz posts 2.1% revenue increase in third quarter

Mondelēz posts 2.1% revenue increase in third quarter

31/10/2017 - 15:42
Confectionery giant Mondelēz International has recorded revenues of $6,530 million in the third quarter of the year, representing growth of 2.1% compared to the same period in 2016. read more
Slowing sales in Africa hurt Shoprite share price

Slowing sales in Africa hurt Shoprite share price

31/10/2017 - 09:27
The Shoprite share price shed almost 2.27% to close at R202.77 on Monday following the release of a trading update that showed the group’s African operations were struggling with tough economic headwinds. read more
Rhodes Food falls 4.5% after earnings warning

Rhodes Food falls 4.5% after earnings warning

30/10/2017 - 17:15
The share price of Rhodes Food fell 4.5% to R19 on Monday morning after it warned that earnings had fallen by up to 30%. read more
Shoprite in talks to set up shop in Kenya

Shoprite in talks to set up shop in Kenya

30/10/2017 - 10:11
Shoprite Holdings is in talks to open its first shops in Kenya by filling retail space left empty by the struggling Nakumatt Holdings chain. read more
Lewis share price falls to new low

Lewis share price falls to new low

30/10/2017 - 08:50
The share price of furniture retailer Lewis Group slumped to a new low of R26.50 on Friday after a downbeat trading update. read more
Clicks targets 900 stores after ace results

Clicks targets 900 stores after ace results

27/10/2017 - 11:55
Clicks Group plans to grow its retail footprint to 900 stores across the country after a stellar performance in its pharmacy and beauty divisions for the year to August. read more
AVI shares jump on news of possible asset sales

AVI shares jump on news of possible asset sales

27/10/2017 - 08:48
Fast-moving consumer goods group AVI’s share price rose 4% to R98.45 on Thursday morning, after AVI announced the potential sale of some of its businesses. read more
Builders Warehouse opens another store in Zambia

Builders Warehouse opens another store in Zambia

26/10/2017 - 14:07
Builders Warehouse is opening its second Builders Warehouse store in the second largest city in Zambia, Kitwe.  read more
Clicks puts its game face on to take on challenging trading environment

Clicks puts its game face on to take on challenging trading environment

26/10/2017 - 10:17
Retail group Clicks provided some backing for the “lipstick index” theory in its results released on Thursday morning. read more
Shoprite prepares to control Ugandan retail market

Shoprite prepares to control Ugandan retail market

25/10/2017 - 15:33
As Nakumatt Holdings Limited struggles for a lifeline in a financially-constrained market, Shoprite supermarket is adopting a new expansion plan to boost its presence. read more
Woolworths recognised as global leader in sustainable water management

Woolworths recognised as global leader in sustainable water management

25/10/2017 - 14:37
Woolworths has been identified as a global leader in sustainable water management and has been awarded a position on this year’s Water A-List by CDP, the non-profit global environmental disclosure platform.  read more
Pick n Pay cuts prices of more essential items in the lead up to Christmas

Pick n Pay cuts prices of more essential items in the lead up to Christmas

24/10/2017 - 10:14
Pick n Pay is cutting prices on another 500 essential items and adding a host of promotions and deals in time for the festive season to ease the pressure on South Africans.  read more
Pick n Pay online visitors grow

Pick n Pay online visitors grow

23/10/2017 - 11:22
Visitors to the Pick n Pay Online Web site increased by 32% year on year, according to the retailer's interim results for the 26 weeks ended 27 August 2017. read more
Pioneer’s shares fall after profit warning

Pioneer’s shares fall after profit warning

23/10/2017 - 10:34
Pioneer Foods’s share price fell 6% to R110.62 after it warned shareholders its earnings for the year to end-September had halved. read more
Lewis acquires cash furniture retailer for R320m

Lewis acquires cash furniture retailer for R320m

20/10/2017 - 09:09
Lewis Stores advised shareholders on Thursday that it has acquired the entire issued ordinary share capital and all shareholders’ claims against United Furniture Outlets Proprietary Limited (UFO) for a cash amount of R320m plus any applicable interest. read more
Quantum Foods reaps benefits of low input costs

Quantum Foods reaps benefits of low input costs

19/10/2017 - 13:41
Quantum Foods shares surged as much as 18% on Thursday, after issuing a trading update stating they expect a much improved financial performance. read more
Richemont makes up for lost time

Richemont makes up for lost time

19/10/2017 - 11:17
The market’s faith in Richemont appears to have been vindicated by the latest update from the luxury goods company. read more
Luxury pet food takes a bigger bite out of the market

Luxury pet food takes a bigger bite out of the market

18/10/2017 - 13:24
Fazielah Allie, the managing director and majority owner of K-9 Pet Foods, says the business was launched out of necessity two decades ago. She couldn’t find pet food that she considered healthy enough for her dogs, so she began cooking their food herself. Her dogs’ new-found health was a great advertisement, and so her business started.  read more
Buyback nod fails to boost Lewis

Buyback nod fails to boost Lewis

18/10/2017 - 08:22
The prospect of renewed share repurchasing failed to move the Lewis share price on Tuesday and it closed marginally weaker at R27.45. At the annual general meeting earlier in the day, 99.9% of shareholders voted to give the board authority to repurchase up to 5% of the shares in issue. read more
Verimark bets on home run this Christmas

Verimark bets on home run this Christmas

17/10/2017 - 14:19
Verimark – the company behind Bauer pans and Shogun knife-sets — is betting on its "best Christmas ever" after introducing a raft of new products. read more
Pick n Pay posts surprisingly strong profit growth, in face of retrenchment costs

Pick n Pay posts surprisingly strong profit growth, in face of retrenchment costs

17/10/2017 - 08:33
Despite its warnings that its staff reduction programme would cause headline earnings to fall, Pick n Pay posted an impressive 15% growth in after-tax profit and raised its interim dividend by 12%. read more
Verimark achieves revenue and gross profit growth

Verimark achieves revenue and gross profit growth

12/10/2017 - 10:08
South Africa’s market-leading direct retail group, Verimark, has achieved positive revenue growth. The Group’s total revenue from continuing operations increased by 13.7% to R209.7 million (2016: R184.4 million).  read more
 The great textile turnaround

The great textile turnaround

11/10/2017 - 09:33
Earlier in 2017, Minister in the Presidency for Planning, Monitoring and Evaluation Jeff Radebe highlighted the textile and clothing industry as one of the sectors where the economy could most effectively be bolstered. read more
Dis-Chem forecasts share earnings leap

Dis-Chem forecasts share earnings leap

11/10/2017 - 08:37
Dis-Chem Pharmacies said on Tuesday that headline earnings per share in the six months to August 2017 were set to be 34.8%-39.5% higher than those of the matching period in 2016. read more
The Shoprite Group purchases over 20 million cartons of  Tru-Cape apples and pears

The Shoprite Group purchases over 20 million cartons of Tru-Cape apples and pears

10/10/2017 - 15:49
The Shoprite Group has purchased over 20 million cartons of apples and pears from Tru-Cape Fruit Marketing for its 2 689 Shoprite and Checkers outlets in 15 African countries and the Indian Ocean Islands. read more
Shoprite Group pumps resources into water-scarce communities

Shoprite Group pumps resources into water-scarce communities

09/10/2017 - 13:22
Drought-stricken communities in the Eastern Cape now have access to clean drinking water following the installation of two new PlayPumps. read more
Pick n Pay unveils new online shopping website

Pick n Pay unveils new online shopping website

04/10/2017 - 11:32
Pick n Pay, the largest online grocery business in Africa, this week unveiled its new online shopping website. Designed to work alongside the recently relaunched mobile app, the website has been built to offer greater convenience, wider choice, more promotions and lower prices to its fast-growing base of online shoppers. read more
Labour Appeal Court reinstates 61 Pick n Pay workers

Labour Appeal Court reinstates 61 Pick n Pay workers

04/10/2017 - 09:18
Sixty-one Pick n Pay staff have been reinstated by the Labour Appeal Court after being fired for going on strike for an hour in 2010. read more
Pick n Pay shares drop after warning retrenchment costs will eat into earnings

Pick n Pay shares drop after warning retrenchment costs will eat into earnings

03/10/2017 - 08:47
Retailer Pick n Pay’s share price fell more than 1% on Monday afternoon after it warned shareholders that retrenchment costs would drag down its interim headline earnings per share (HEPS) by a slightly bigger margin than previously estimated. read more
Table Bay Mall opens for business

Table Bay Mall opens for business

02/10/2017 - 09:45
Table Bay Mall, a new regional retail development located on the northern reaches of Sunningdale in Cape Town, is now open. read more
Hunt in Poland pays off again for Bounty

Hunt in Poland pays off again for Bounty

29/09/2017 - 11:01
Bounty Brands, the fast-moving consumer goods business with plans to list on an international bourse and the JSE, has made another acquisition in Poland. read more