| ||04/12/2013 - 08:15|
Johannesburg - South African yellow-corn futures rose to the highest level in more than 15 months in Johannesburg trading. read more
| ||03/12/2013 - 09:35|
Harare - John Moxon, the chairman of Zimbabwe’s Meikles Africa, which runs TM Supermarkets jointly with South African grocer Pick n Pay, is bullish about future prospects in the country’s retail industry, saying the company has adopted a robust expansion plan to capitalise on the expected shift for the better in consumer spending patterns.
| ||03/12/2013 - 08:16|
Moscow - Russia plans to raise minimum vodka prices next year as it seeks to reduce consumption of alcohol, despite risks that drinkers will resort instead to cheaper illegal liquor. read more
| ||03/12/2013 - 08:00|
Johannesburg - A Chilean group's $1.2bn (R12.6bn) bid for drugmaker Adcock Ingram [JSE:AIP] was challenged on two fronts on Monday, as a group led by Bidvest [JSE:BVT] sought nearly a third of Adcock's shares and launched a court action against the bid. read more
| ||02/12/2013 - 10:08|
Zambian Breweries (ZB) has halted the construction of the K173 million malting plant following Government’s reintroduction of a 60 per cent excise duty on clear beer in the 2014 National Budget.
| ||02/12/2013 - 09:30|
The Meat Board and unions representing the interest of farmers in the country have backed the country’s biggest meat producer, Meatco, to request that it should get the biggest shares of the 1 600 tonnes export quota to Norway.
| ||02/12/2013 - 09:10|
New research finds banking group Absa’s CashSend to be the most popular mobile money system in South Africa. read more
| ||02/12/2013 - 08:59|
South Africa has jumped one position in its global web standing, ranking 35th overall out of 81 countries in an index which measures the use, utility and impact of the web on the world’s people and nations. read more
| ||29/11/2013 - 10:27|
After an improved performance at the half year, Pick n Pay is demonstrating its commitment to pursuing positive growth through focused, streamlined operations and an expanding store footprint, with plans to open over 60 new stores in the six months to end February 2014. read more
| ||29/11/2013 - 09:01|
Woolworths opened its 50th Foodstop at Engen in Sea Point, Cape Town, yesterday, in line with its strategy to bring Woolworths quality and convenience to more customers. read more
| ||28/11/2013 - 23:11|
Undertaking an extensive expansion programme while minimising the impact on an estimated 24 million visitors per annum is no small feat. In a R140 million upgrade to its Victoria Wharf Shopping Centre, the V&A Waterfront has managed to not only improve its retail trade performance over the nine month construction period, but also increase the number of visitors to the Centre over the same period. read more
| ||28/11/2013 - 08:42|
Johannesburg - Adcock Ingram Holdings Ltd., the South African drugmaker subject to a $1.2 billion takeover bid from Chile’s CFR Pharmaceuticals SA, suspended its dividend after full-year profit and margins fell as import costs rose. read more
| ||28/11/2013 - 08:36|
Johannesburg - Retailer Foschini Group [JSE:TFGP] said on Thursday it planned to more than double its African presence in the next five years, a day after a rival pulled the plug on the key Nigerian market. read more
| ||28/11/2013 - 08:30|
Plano, Texas – J.C. Penney will no longer be included on the Standard & Poor’s 500 Index. read more
| ||27/11/2013 - 12:25|
Cape Town - The extreme drought, that forced livestock farmers in many parts of the country to slaughter "up to a third" of their livestock, will lead to a serious shortage of red meat. read more
| ||26/11/2013 - 09:02|
There has been significant increase in per-hectare yield of rice farms in the Atwima-Mponua District following the introduction of improved technologies. - See more at: http://www.ghanabusinessnews.com/2013/11/25/rice-production-goes-up-in-atwima-mponua/#sthash.vcQUOSi0.dpuf read more
| ||26/11/2013 - 08:48|
The Naivas chain of supermarkets has opened a new branch, Mountain Mall, on the Thika superhighway. This is the chain's 29th store. read more
| ||26/11/2013 - 08:32|
Government has with immediate effect banned the trading and marketing of pigs and its products to help in the fight against African swine fever. read more
| ||25/11/2013 - 08:41|
Seoul - South Korean markets took in stride a US federal jury's order for Samsung to pay $290 million in damages to Apple, with Samsung shares going up 0.69 percent on Friday. read more
| ||25/11/2013 - 08:30|
Johannesburg - Shares of South Africa's RCL Foods fell 1.6 percent on Friday, a day after the company said it would issue $394 million in stock to acquire two sugar businesses from its top shareholder Remgro Ltd. read more
| ||25/11/2013 - 08:16|
Berlin - The German economy slowed in the third quarter despite a strong pickup in both corporate investment and government spending, data released Friday showed.
| ||25/11/2013 - 08:06|
Johannesburg - Ascendis Health debuted on the Johannesburg Stock Exchange on Friday, after raising more than R450m in a share sale to fund acquisitions. read more
| ||22/11/2013 - 10:01|
Millers are grappling with stockpiles of maize bran after Government halted the export of the commodity in September this year. read more
| ||22/11/2013 - 08:55|
London - Britain's Tesco, battling plunging profits in mainland Europe, is to sell off land around its stores in Poland for development to make the sites more attractive to shoppers.
| ||22/11/2013 - 08:36|
Johannesburg - The first interest rate hiking by the South African Reserve Bank (Sarb) will most likely only be in 2015, according to John Loos, FNB's household and property sector strategist. read more
| ||21/11/2013 - 12:08|
The Liberty Group announced today significant plans to further entrench its Liberty Midlands Mall investment as the lifestyle centre of choice for tenants and shoppers in the Pietermaritzburg area. read more
| ||20/11/2013 - 11:39|
Ghana’s first cassava based beer, Ruut Extra premium beer, has been adjudged the 2012 Emerging Brand of the year by the Chartered Institute of Marketing Ghana (CIMG) at its 24th National Awards held Friday September 13, 2013. read more
| ||20/11/2013 - 10:50|
Agriculture and Livestock Minister Bob Sichinga has disclosed that Zambia was on a strong position in terms of food security in the African region. read more
| ||20/11/2013 - 09:30|
Eskom has declared an electricity supply emergency, and is urging customers to severely curtail usage from Tuesday (19 November) onwards. read more
| ||19/11/2013 - 08:37|
Johannesburg - The EU is preparing a ban on South African citrus imports that could take orange juice off Europe’s breakfast tables next summer and sour efforts in Brussels to broaden trade with Africa’s biggest economy. read more
| ||19/11/2013 - 08:03|
Johannesburg - The value of debit card fraud losses decreased by 42 percent between January and September this year compared to the same period last year, the SA Banking Risk Information Centre (Sabric) said on Monday.
| ||18/11/2013 - 10:50|
Brewing giant Namibia Breweries Ltd (NBL) says local production of malted barley and other related crops will result in a financial boost to the agricultural sector as farmers are expected to generate around N$200 million in revenue annually. read more
| ||18/11/2013 - 10:21|
There is a proliferation of shopping malls in Gaborone, in the last decade, raising questions of whether locals have the spending power to sustain the malls, economically. Property developers concede that the retail property market is subdued but remains one of the most viable business propositions to date. read more
| ||18/11/2013 - 09:26|
Johannesburg - South African shares put in a second straight day of gains on Friday with drugs maker Adcock in focus after Chile's CFR Pharmaceuticals formally bid $1.2bn to acquire it.
| ||15/11/2013 - 08:16|
Motorola is betting that low-cost smartphones can provide the spark to rekindle its struggling business, even as the company’s ownership by Google Inc will force it to sit out of China, the world’s largest smartphone market. read more
| ||15/11/2013 - 08:14|
Shares of Illovo Sugar fall more than 2 percent after the South African company says tough market conditions are likely to negatively impact its full-year earnings. read more
| ||15/11/2013 - 08:12|
Business confidence in the manufacturing sector was weak in the third quarter of this year, according to a Manufacturing Circle survey. read more
| ||15/11/2013 - 08:09|
The South African wool market held on to last week’s gains and remained steady for this week, Cape Wools said on Wednesday. read more
| ||15/11/2013 - 08:07|
The North West provincial government is on a drive to create 20 000 jobs, starting on December 1. read more
| ||14/11/2013 - 11:14|
Uchumi Supermarket has received approvals to trade its shares on the Uganda Securities Exchange. read more
| ||13/11/2013 - 16:18|
Game Gateway will launch its ‘Fresh for Less’ range on 13 November in time for Christmas. This will be the first store in KZN to get a taste of Game’s fresh food offering that has converted numerous shoppers in the Western Cape and Gauteng since its first appearance in the Western Cape in November 2010. read more
| ||13/11/2013 - 14:36|
Johannesburg - Retailer Mr Price on Tuesday posted interim earnings growth of 22% because of sales growth and said it plans to open over 40 stores in the second half of the year. read more
| ||13/11/2013 - 14:17|
A new deal between MTN and Visa will enable MTN Mobile Money users to make face-to-face and online transactions wherever Visa is accepted.
| ||12/11/2013 - 09:39|
Johannesburg - Chile's CFR on Monday threatened to pull out its R13.48bn (at Monday's rand/dollar exchange rate) deal to buy drug maker Adcock Ingram if it does not win support from the state pension fund that ranks as Adcock's biggest shareholder. read more
| ||12/11/2013 - 08:51|
Cape Town - The permanent employment sector in SA has seen modest gains for the first time in 15 months, according to the latest Adcorp Employment Index.
| ||11/11/2013 - 10:25|
Kenya Breweries has unveiled East Africa’s first whisky festival to grow the drink’s sales. The drive, which is a campaign driven themed ‘Love Whisky Festival’ will take place during this month in different venues around Nairobi. read more
| ||11/11/2013 - 09:16|
Johannesburg - Truworths International Ltd., South Africa’s largest listed clothing retailer, fell the most in more than four years as inflation curbed consumer spending and slowed its sales growth. read more
| ||08/11/2013 - 15:12|
In just under three weeks, Pick n Pay will open its new store at the V&A Waterfront, bringing an unprecedented retail offering to the central Cape Town area. Located in a prime and highly accessible position on the lower level of the Victoria Wharf, the store will start trading at 10am on Thursday 28 November 2013. read more
| ||08/11/2013 - 14:03|
Retail group TFG (The Foschini Group) has increased total retail sales by 9% to R6.7-billion with sales in the rest of Africa growing 25% in the six months to the end of September 2013. Cash sales in this period grew by 12.7%.
| ||08/11/2013 - 10:40|
Named for its unique location, the newly developed Cradlestone Mall in the heart of Mogale City in Johannesburg’s West Rand - near the world heritage site of the Cradle of Humankind - officially opens its doors on 20 November 2013. read more
| ||08/11/2013 - 10:04|
Kgalagadi Breweries Limited (KBL) has launched a bottle moulding plant that will produce containers that are shatterproof and easy to store, carry, clean up and reseal. read more
| ||08/11/2013 - 09:44|
The annual rate of inflation for the month of October 2013 has reduced to 6.9% compared to 7.0% recorded in September 2013.
| ||08/11/2013 - 09:33|
The Association of Meat Importers and Exporters of Namibia, which represents the interest of dairy and meat importers and exporters, has said that the recent decision by government to limit the amount of milk imported into the country will limit consumer choices.
| ||08/11/2013 - 08:35|
BlackBerry is abandoning a plan to sell itself and instead will replace its chief executive officer and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said on Monday.
| ||07/11/2013 - 09:40|
South African consumers are the second most satisfied in the world, according to the South African Consumer Satisfaction Index (Sacsi), with MTN and Apple appealing most in the ICT space.
| ||07/11/2013 - 09:19|
Johannesburg - The strike at SA Breweries (SAB) is over, the company said on Tuesday. read more
| ||07/11/2013 - 08:57|
Johannesburg - Woolworths had signed a deal to regain 100 percent control of its previously franchised stores in four African countries, the high-end retailer has said. read more
| ||06/11/2013 - 13:12|
Edcon, South Africa’s largest non-food retailer, and Kobo, a global leader in eReading, today announced that Kobo eReaders are now available at 91 CNA stores, one of the largest book and stationary retailers in the country. read more
| ||06/11/2013 - 09:15|
FNB reports that monthly non-cash purchases by customers in its consumer segment have surpassed cash withdrawals at its ATMs by R800 million.
| ||06/11/2013 - 08:37|
Cape Town - The South African wine industry can look forward to a good, but smaller 2014 wine grape harvest than the record harvest obtained this year.
| ||05/11/2013 - 08:42|
Johannesburg -Shoprite [JSE:SHP] reported a 10% rise in July-September sales on Monday, helped by a strong showing at its sub-Saharan stores outside its struggling home market. read more
| ||05/11/2013 - 08:37|
Sugar importers have asked for two weeks to discuss the new regulations that are to be introduced by the Kenya Sugar Board to regulate the market.
| ||05/11/2013 - 08:17|
London - Diageo, the world's biggest spirits group which has a presence in SA, should see sales growth in Africa accelerate as it expands into new markets like Ethiopia and Angola and as rising incomes enable traditional beer drinkers to try spirits, it has said read more
| ||05/11/2013 - 08:04|
Johannesburg - Corn futures in South Africa rose to the highest levels in more than four months by the midday close in Johannesburg.
| ||04/11/2013 - 16:25|
Sporting an appealing mix of successful retailers guaranteed and construction progressing apace, the vision for the R400 million Eyethu Orange Farm Mall to become a successful, profitable asset for the community of Orange Farm is within reach.
| ||01/11/2013 - 08:29|
Ghana has been voted the Vice Chairman of the Union of African Shippers Council (UASC) for the first time in the history of the organisation. read more
| ||01/11/2013 - 08:27|
Construction of commercial space is turning out a lucrative venture for landlords in Nakuru as letting prices appreciate. Prices have doubled from Sh20-30 per square foot a month three years ago to Sh60-70 per square foot, a spot check by the Star reveals. read more
| ||31/10/2013 - 08:26|
Indigenous liquor giant, Kasapreko Company Limited (KCL) placed sixth in the 2013 Ghana Club 100 ranking. read more
| ||31/10/2013 - 08:23|
Uchumi supermarkets could grind to a halt next Wednesday if employees make good their threat to down their tools. The Kenya Union of Commercial Food and Allied Workers has issued a strike notice dated October 9 to pressurise the supermarket chain's management to meet workers' demands for higher pay. read more
| ||30/10/2013 - 09:30|
THE Zambia Cooperative Federation (ZCF) is scouting for US$21 million to set up milling plants in 25 districts. read more
| ||29/10/2013 - 08:31|
Bentonville, Ark. – Wal-Mart Stores plans to open as many as 110 stores in China between 2014 and 2016, as well as several new Sam’s Club locations there. The new stores will employ as many as 19,000 people. read more
| ||29/10/2013 - 08:28|
Mr Price Group Ltd. advanced to a record high after the South African clothing and furniture retailer said earnings climbed 18 to 22 percent even as household budgets tightened. read more
| ||28/10/2013 - 09:07|
Berlin - Tesco, Britain's biggest retailer, has vowed to cut the near 60 000 tonnes of food wasted by its suppliers and shoppers each year, the latest firm volunteering to help tackle a growing environmental problem. read more
| ||28/10/2013 - 09:00|
Cape Town – The persistent weakness in the perception of SA in international media coverage is the under-representation of SA’s business sector and the difficulty to identify a business leader or leaders “representative" of the country. read more
| ||25/10/2013 - 11:12|
Johannesburg - South African beauty and pharmaceutical retailer, Clicks, has said trading over the Christmas holiday season is critical to its fiscal 2014 performance as consumer spending remains weak read more