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The future of cross-border retail: Challenges of scaling from South Africa into the continent

The future of cross-border retail: Challenges of scaling from South Africa into the continent

01/04/2019 - 09:33
At present, e-business in Africa remains a challenge. It may be better than it ever has been, but the truth is that lower literacy and internet penetration levels continue to limit the growth on the continent. However, this will not remain the status quo for long, as smartphone proliferation increases, data costs decrease and usability improves. Wallets, now commonplace, are an excellent example of this', bypassing the continent's challenges around depositing, withdrawing and transferring cash, as well as buying airtime and electricity. read more
DHL partners with MallforAfrica to deliver African-made products to the world

DHL partners with MallforAfrica to deliver African-made products to the world

17/07/2018 - 09:30
DHL, the world’s leading international express services provider, today announced its partnership with e-commerce giant, MallforAfrica’s new platform, Marketplace Africa, to help online retailers bring African-made products to the US and global market.  read more
African coffee output may almost double in five years as farming improves

African coffee output may almost double in five years as farming improves

15/02/2018 - 14:33
African coffee output could almost double in the next five years as some countries boost plantings and make farming more productive, according to the African Fine Coffees Association. read more
Retailers shift away from Africa expansion

Retailers shift away from Africa expansion

12/04/2017 - 09:02
African expansion is just not something most retailers are speaking of, says EY read more
 Vodacom wins government deal worth up to R5bn

Vodacom wins government deal worth up to R5bn

15/09/2016 - 08:37
VODACOM, Africa’s largest cellphone company by market value, has won an estimated R5bn government contract as Treasury seeks to cut costs, according to three people familiar with the matter. read more
Pioneer is growing its hybrid corn seed scheme further into Africa

Pioneer is growing its hybrid corn seed scheme further into Africa

16/08/2016 - 09:11
DUPONT’S Pioneer unit hopes to expand its hybrid corn seed partnership with African governments and aid groups, to Tanzania, after setting up programmes for farmers to use its seed in Ethiopia and Zambia. read more
 Looking beyond Agoa for African textiles and clothing

Looking beyond Agoa for African textiles and clothing

05/07/2016 - 09:13
Cape Town - Source Africa, now running for its fourth consecutive year, kicked off on Wednesday at the Cape Town International Convention Centre. read more
Supermarket giants focus on burgeoning Africa

Supermarket giants focus on burgeoning Africa

20/06/2016 - 11:03
The top 100 grocery retail companies in the world chose to focus their expansion efforts on Africa and the Middle East in 2015, even as countries in this region struggled with adverse economic conditions. read more
SA’s companies shy away from bringing bacon home

SA’s companies shy away from bringing bacon home

15/06/2016 - 11:23
Now that MTN has managed to have its fine in Nigeria cut down from $5.5bn to $1.7bn, can we have our money back? read more
#AfricaDay: Which economy rules them all?

#AfricaDay: Which economy rules them all?

25/05/2016 - 15:33
Johannesburg - As the continent celebrates Africa Day, which commemorates the founding of what has since become the African Union on May 25, 1963, the FW de Klerk Foundation probes which economy is really the continent’s biggest. read more
South Africa sinks in innovation index

South Africa sinks in innovation index

21/09/2015 - 08:39
South Africa has slipped in the global innovation rankings for 2015, but remains one of the most innovative countries in Africa. read more
Nestlé layoffs in Africa ‘won’t affect SA’

Nestlé layoffs in Africa ‘won’t affect SA’

19/06/2015 - 11:25
Plans by the world’s biggest food and drinks company, Nestlé, to reduce staff across the continent will not affect SA, its Bryanston-based unit said on Wednesday. read more
Retail in Africa proves not to be smooth sailing

Retail in Africa proves not to be smooth sailing

03/06/2015 - 08:58
When Wal-Mart Stores spent $2.4 billion (R29bn) on a stake in Massmart five years ago, the world’s biggest retailer said it was buying a gateway to high-growth markets in sub-Saharan Africa.  read more
To succeed in Africa, look at its retail data

To succeed in Africa, look at its retail data

13/03/2015 - 12:22
It turns out that soaring gross domestic product, population, and governance alone are not enough to predict brand success in Africa. read more
SAB set on spirits market in Africa

SAB set on spirits market in Africa

11/03/2015 - 08:53
SABMiller has built spirits manufacturing facilities in South Sudan, Ethiopia, and Nigeria over the past year, adding to its successful Tanzanian and its small Mozambican spirits units. read more
More income, urbanisation and electricity are driving up demand for UHT milk in Africa

More income, urbanisation and electricity are driving up demand for UHT milk in Africa

10/03/2015 - 14:25
UHT milk sales by volume garnered 53% of market share in 2013, outstripping demand for chilled milk for the first time in South Africa. African flavoured milk consumption is also set to increase overall by 7.1%, reaching as much as 12.4% in North Africa, between 2013 and 2016, according to Tetra Pak’s Dairy Index 2014.  read more
Facebook Creative Accelerator helps sharpen best practices for digital storytelling in African markets

Facebook Creative Accelerator helps sharpen best practices for digital storytelling in African markets

10/03/2015 - 09:41
Facebook’s Creative Accelerator programme is helping brands such as Virgin Mobile in South Africa and Coca-Cola in Kenya to unlock the power of personal storytelling and reach people with stories that are personal, relevant, and meaningful in Africa. read more
Focus on African e-commerce industry

Focus on African e-commerce industry

08/12/2014 - 09:22
Cape Town - With just over two months to go, the agenda for the e-Commerce Africa Confex is already packed. read more
Retailer in African expansion initiative

Retailer in African expansion initiative

03/12/2014 - 10:05
Online retailer HomeChoice International will sell a minority stake to private-equity firm Development Partners International (DPI) as it prepares to list on the Johannesburg Stock Exchange.  read more
Earth is running out of chocolate

Earth is running out of chocolate

19/11/2014 - 11:22
“Earth is running out of chocolate, which will lead to an increase in the producer price for farmers. It is a demand and supply situation,” – Dr. Gabriel Ayisi – from the Washington Post. read more
African market supports SABMiller

African market supports SABMiller

15/10/2014 - 10:42
SABMiller commanded a strong market position in Africa and could consolidate it through acquisitions and partnerships, analysts said yesterday, although the sub-Saharan market also posed regulatory and consumer pressure drawbacks for the global brewer.  read more
Bringing broadband to under-serviced Africa

Bringing broadband to under-serviced Africa

26/08/2014 - 11:05
A new ISP set up in Uganda’s remote north and 4G became available in Ghana from a new operator. Neither of these developments involved mobile operators and how they came about may set the pattern of Africa’s new rollouts. read more
Brand identity creation a must

Brand identity creation a must

10/07/2014 - 11:25
The Namibia Chamber of Commerce and Industry held a Gala Dinner late last month under the theme “Doing business in Namibia, improving value chains and business-to-business linkages” at which he was a joint guest speaker, held late last month.  read more
Firms buy African carbon credits

Firms buy African carbon credits

10/07/2014 - 11:12
London - Three major international commodity traders bought a total 510,000 African carbon offsets from clean energy project developer ecosur afrique in the first half of 2014, showing some demand still exists for credits from the battered UN market.  read more
Truworths commits to remain in Nigeria

Truworths commits to remain in Nigeria

27/06/2014 - 14:57
Truworths International was committed to Nigeria and would not follow Woolworths out of the country, South Africa’s largest publicly traded clothing chain has said. read more
Africa Pharmaceutical Summit To Be Held In Accra

Africa Pharmaceutical Summit To Be Held In Accra

26/06/2014 - 12:12
The Africa Pharmaceutical Summit, an event concept that focuses on the pharmaceutical industry across the African continent, will be held in Accra this year between the 10th and 12th of September. read more
Nampak profit up, cautions on outlook

Nampak profit up, cautions on outlook

28/05/2014 - 15:04
Johannesburg - South African packaging firm, Nampak, reported a 10 percent rise in first-half profit on Tuesday, helped by rising demand in African countries beyond its home market.  read more
South Africa shines as Africa’s Top Business event destination

South Africa shines as Africa’s Top Business event destination

22/05/2014 - 10:29
South Africa’s credentials have been given a major boost and have cemented the country’s position as Africa’s top business events destination. read more
The world’s biggest drinking nations

The world’s biggest drinking nations

15/05/2014 - 11:06
South Africa has the highest alcohol consumption rate in Africa, and one of the highest in the world, according to the World Health Organisation (WHO). read more
Nigeria, South Africa and Egypt account for about half of African economy

Nigeria, South Africa and Egypt account for about half of African economy

06/05/2014 - 11:26
Nigeria, South Africa and Egypt account for about half of the African economy says new data released by the World Bank Group last week. read more
Steinhoff launches up to $631 m convertible bonds

Steinhoff launches up to $631 m convertible bonds

30/01/2014 - 10:27
Johannesburg - Furniture maker and retailer Steinhoff plans to sell as much as $631m of bonds convertible into shares to push out debt maturities, it said on Thursday.  read more
CEOs: Africa is on the rise

CEOs: Africa is on the rise

14/10/2013 - 08:56
Johannesburg - Africa’s CEOs are optimistic about the prospects for growth over the next 12 months, according to the PWC Africa Business Agenda 2013. read more
EMEA PC shipments plummet

EMEA PC shipments plummet

22/07/2013 - 08:57
New research from the International Data Corporation (IDC) shows that PC shipments in Europe, Middle East, and Africa (EMEA) continued to contract in the second quarter of 2013 (2Q13). read more
Africa beckons for SA retail investors

Africa beckons for SA retail investors

11/06/2013 - 08:13
Cape Town - Illovo-based Imara S P Reid Stockbrokers is about to open up African share and bond markets to local retail investors. read more
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
R900m pledge for digital jobs in Africa

R900m pledge for digital jobs in Africa

10/05/2013 - 08:35
The Rockefeller Foundation will pledge close to US$100 million (R900m) to create digital field jobs in Africa, it was announced at the World Economic Forum on Africa on Thursday (9 April).  read more
Steepest PC market decline yet for MEA

Steepest PC market decline yet for MEA

29/04/2013 - 08:00
The Middle East and Africa PC market experienced a significant decline of 14.1% year on year during the first quarter of 2013, with tablets eating into market share in South Africa. read more
Mandela wine launched in US

Mandela wine launched in US

04/03/2013 - 07:58
A wine company bearing the name of the former president Nelson Mandela has been established in the United States, the Sunday Sun reported. read more
Growth in SA and Africa buoy Distell in tough times

Growth in SA and Africa buoy Distell in tough times

27/02/2013 - 08:08
Continued growth in sub-Saharan Africa, including South Africa, and the benefits derived from a weak rand resulted in the Distell Group raising revenue year-on-year by 9,3% to R8,7 billion for the six months to December 2012.  read more
UAE retailer, Max Fashion eyes growth in Sub-Saharan Africa

UAE retailer, Max Fashion eyes growth in Sub-Saharan Africa

18/01/2013 - 08:56
With about 225 stores in 15 countries, Max Fashion, a premium clothing chain in the United Arab Emirate (UAE) is set to undergo a major expansion spree this year in Africa among other regions. It is particularly shifting its attention to sub-Saharan Africa among other regions in the world. read more
Africa’s middle class loves shopping

Africa’s middle class loves shopping

11/07/2012 - 08:56
The trend towards luxury is percolating down into Africa’s expanding middle class, says Daphne Kasriel-Alexander, consumer editor at market research company Euromonitor International. read more
Africa's beer thirst

Africa's beer thirst

19/06/2012 - 08:47
London/Johannesburg - An African has to work three hours on average to afford a beer, compared with 12 minutes for a European, and yet the continent is the global hot spot for beer growth, such that the world' Africa's ber shis big brewers are struggling to keep pace. read more
Illovo pulls out of Mali project

Illovo pulls out of Mali project

31/05/2012 - 09:22
Johannesburg - South African group Illovo Sugar [JSE:ILV] has pulled out of a R2.6bn sugar project in Mali, largely due to political risk and also funding difficulties, and will focus on growth opportunities elsewhere in Africa. read more
Pannar Seed, DuPont deal gets go-ahead

Pannar Seed, DuPont deal gets go-ahead

29/05/2012 - 08:05
Johannesburg - The South African Competition Appeal Court has approved DuPont’s bid to buy control of domestic seed company Pannar Seed, the two companies said on Monday, giving the US chemicals company a toehold in Africa’s agricultural sector. read more
Illovo ups revenue, warns on output

Illovo ups revenue, warns on output

29/05/2012 - 07:54
Johannesburg - Illovo Sugar [JSE:ILV] posted a 12% rise in first-half earnings on Wednesday helped by currency weakness and cost cutting, but said output was still struggling to recover from a 2010 drought in KwaZulu-Natal.  read more
SABMiller profits increase

SABMiller profits increase

24/05/2012 - 09:50
Global brewing giant SABMiller plc (SAB) has reported a 12% rise in adjusted earnings per share to 214.8 cents US for the year ended March 2012 from 191.5 cents a year ago, with strong results in developing markets.  read more
Laggards will miss out in the scramble for Africa

Laggards will miss out in the scramble for Africa

07/05/2012 - 08:21
South African companies are still very much in the race into the rest of Africa, but could lose out to international competitors if they do not position themselves for the opportunities on the continent. read more
MasterCard reorganises Middle East, Africa business

MasterCard reorganises Middle East, Africa business

20/04/2012 - 08:28
MasterCard on Thursday announced a new structure for its Middle East and Africa business, spurred by continuous economic development, steady population growth, a stable outlook and a large pool of young consumers entering the workplace each year. read more
SABMiller investing $2,5bn in Africa

SABMiller investing $2,5bn in Africa

17/04/2012 - 08:48
SABMiller plans to invest up to $2,5bn in Africa over the next five years to build and refurbish breweries, its head for the region said yesterday, as it looks to slake rising demand for beer on the fast-growing continent. read more
Africa is where it's at for retail

Africa is where it's at for retail

03/04/2012 - 09:35
For global retailers looking to secure long term growth and diversify their source of income, setting up an African strategy is key.  read more
SA companies slow into Africa

SA companies slow into Africa

19/03/2012 - 09:05
South African companies have been slow to take the first mover advantage to invest in sub-Saharan Africa, but they can still play catch up and compete with global investors already in the region, UK-based Insparo Asset Management said on Friday. read more
Massmart/Walmart still in limbo

Massmart/Walmart still in limbo

12/03/2012 - 09:09
Johannesburg - The merger conditions for Massmart Holdings [JSE:MSM] and international retail giant Walmart International (Walmart) could cost the retail groups more than they currently anticipate. Moreover, they have to wait a couple of months for final approval of the conditions of the transaction. read more
Edcon aims at new store growth

Edcon aims at new store growth

24/02/2012 - 08:53
SA’s biggest clothing retailer, Edcon, will accelerate space growth this year, chief financial officer Steve Binnie said yesterday, ending a conservative two or three years for the retailer. read more
‘African agriculture improving slowly’

‘African agriculture improving slowly’

24/02/2012 - 08:22
Improvements in agriculture remained slow in Sub Saharan Africa, said Microsoft founder Bill Gates in a speech at the International Fund for Agricultural Development’s 35th governing council in Rome, Italy on Thursday.  read more
Steinhoff to take over JD Group

Steinhoff to take over JD Group

27/01/2012 - 07:57
Johannesburg - Steinhoff International Holdings [JSE:SHF], Africa’s biggest furniture maker, aims to increase its stake in JD Group [JSE:JDG] through a share swap deal to gain control of the South African retailer.  read more
African growth set for new chapter: Deloitte

African growth set for new chapter: Deloitte

20/01/2012 - 12:14
African economies are set to continue growing faster than many developed economies, while shifting trade patterns towards China and India will continue to gain momentum in 2012. read more
Climate change hits African agriculture says report

Climate change hits African agriculture says report

08/12/2011 - 09:04
New research reveals that Africa will face significantly lower crop yields in the next 10 years as a result of increasing temperatures, threatening the food security of millions.  read more
Pick n Pay opens third store in Zambia

Pick n Pay opens third store in Zambia

25/11/2011 - 09:32
Retailer Pick n Pay has announced the opening of its third Zambian store in Lusaka, further signalling the group's confidence in the Zambian economy.  read more
Dealing with climate change 'good business sense'

Dealing with climate change 'good business sense'

25/11/2011 - 08:26
If climate change is left unchecked, then it will hamper Africa's economic growth and development, says Sim Tshabalala, Chief Executive of Standard Bank SA.  read more
SABMiller to build capacity in Africa

SABMiller to build capacity in Africa

21/11/2011 - 08:19
Following strong growth in Africa and Latin America, SABMiller will invest more than $500m to build capacity in these subsidiaries, it has said after releasing its results for the six months ended September. read more
African mobile industry a growth catalyst

African mobile industry a growth catalyst

11/11/2011 - 08:42
Africa now the second-largest mobile market by connections after Asia, and the fastest-growing mobile market in the world according to new research read more
Pick n Pay opens store two in Mauritius

Pick n Pay opens store two in Mauritius

31/10/2011 - 09:22
In line with its aggressive African expansion plans, retailer Pick n Pay (PIK) on Friday announced the opening of its second Mauritian store at Cascavelle in Mauritius. read more
Africa: the next big retail destination

Africa: the next big retail destination

03/08/2011 - 13:18
Africa makes up 21 % of the World’s population, but contributes less than 4% to formal grocery sales globally. However, this is set to change as South African retailers gear up for growth in the rest of the continent.  read more
Spar looking to expand in Africa

Spar looking to expand in Africa

13/07/2011 - 10:06
Johannesburg - The Spar Group is considering further business opportunities elsewhere in Africa, Business Report reported on Wednesday. read more
Nestle to add factories in Africa, cut imports

Nestle to add factories in Africa, cut imports

11/04/2011 - 00:00
NAIROBI (Reuters) - Nestle Kenya, a unit of the world's biggest food group plans to add three new factories over the next two years in the Africa region, sourcing input materials locally, its head said on Thursday. read more
Pick n Pay ventures into Zambia

Pick n Pay ventures into Zambia

27/07/2010 - 00:00
Johannesburg – Pick n Pay Stores [JSE:PIK] is looking increasingly to southern Africa for growth, signalled by the opening of its first store in Zambia on Thursday. read more