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AFRICA EXPANSION NEWS ON FASTMOVING

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Foschini African expansion to salvage poor SA retail outlook

Foschini African expansion to salvage poor SA retail outlook

11/10/2013 - 08:07
Foschini, JSE’s worst-performing clothing retailer this year, said it plans to open 21 new stores on the rest of the continent as consumers in South Africa continue to struggle in debt.  read more
Huawei appoints new CEO for South Africa

Huawei appoints new CEO for South Africa

30/08/2013 - 08:27
Huawei, the Chinese multinational networking and telecommunications equipment and services company, has appointed Wilson Liu as the new CEO for its South African operations.  read more
SABMiller ramps up brewing in Africa

SABMiller ramps up brewing in Africa

26/08/2013 - 08:21
In a bid to ensure it is able to harness the ongoing strong demand in Africa, SABMiller announced two major investments in the region yesterday.  read more
Carrefour teams up with CFAO for African expansion

Carrefour teams up with CFAO for African expansion

03/06/2013 - 09:48
French retail giant Carrefour SA said Wednesday it has teamed up with African distribution company CFAO to expand its presence in Africa, as the grocer seeks to reinforce the global footprint of its name. read more
Tiger Brands profit rises as bakeries, rice volume recovered

Tiger Brands profit rises as bakeries, rice volume recovered

31/05/2013 - 08:22
Tiger Brands Ltd. (TBS), South Africa’s biggest food maker by market value, said the company regained volume in bakeries, rice and snacks and treats and maintained profit margins across many of its domestic businesses.  read more
Emerging markets drive African growth

Emerging markets drive African growth

07/05/2013 - 08:09
Johannesburg - Foreign direct investment from emerging markets into Africa outpaced that from developed markets in 2012, but the number of new FDI projects into the continent fell 12 percent from the previous year, Ernst & Young said on Monday. read more
SABMiller posts strong Africa growth

SABMiller posts strong Africa growth

18/04/2013 - 13:09
London - Global brewer SABMiller said on Thursday it had posted a 7 percent rise in full year organic revenue, boosted by strong demand in Africa and a surprisingly robust performance in Europe.  read more
Walmart has several acquisition options

Walmart has several acquisition options

11/04/2013 - 10:58
Holding $7.33 billion in cash at the end of fiscal 2013, Walmart has many options on how to expand its global reach through acquisitions in Turkey, Colombia and other nations. read more
SABMiller aims for nine-percent rise in African beer sales

SABMiller aims for nine-percent rise in African beer sales

11/04/2013 - 10:28
SABMiller planned to boost beer volume sales in Africa by between 7 percent and 9 percent a year by slashing prices, using more local grains and cheaper packaging, and negotiating better tax terms with governments, the company said yesterday. read more
Now could be Africa's time - economist

Now could be Africa's time - economist

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

Distell: Group to buy stake in Kenya

08/04/2013 - 09:08
The Kenyan government planned to sell a large part of its stake in a domestic wines and spirits marketer to South Africa’s Distell Group, the privatisation commission said on Friday read more
Lenovo takes aim at Africa

Lenovo takes aim at Africa

02/04/2013 - 08:15
PC and mobile device manufacturer Lenovo is targeting the top position in Africa, with a planned expansion on the continent. read more
SABMiller Joins Bond Rush in Europe as Credit Markets Rally

SABMiller Joins Bond Rush in Europe as Credit Markets Rally

30/11/2012 - 09:11
SABMiller Plc (SAB) raised 1 billion euros ($1.3 billion) from its first sale of bonds in the currency in three years as companies from G4S Plc (GFS) to TeliaSonera (TLSN) AB tapped into Europe’s credit-market rally.  read more
Foschini Expands Outside South Africa to Boost Retail Growth

Foschini Expands Outside South Africa to Boost Retail Growth

19/11/2012 - 09:33
Foschini Ltd., a South African clothing and household goods retailer with nearly 2,000 stores, said it plans to open its first stores in Mozambique and Ghana as it accelerates an expansion drive outside its home market.  read more
Huawei to capitalise on African growth

Huawei to capitalise on African growth

14/11/2012 - 09:09
Huawei Technologies’ revenue in southern and east Africa might climb as much as 30 percent in the next three years as growth on the continent outpaced most regions, the company said yesterday. read more
SABMiller Sees Commodity Costs Restricting Africa Margin Growth

SABMiller Sees Commodity Costs Restricting Africa Margin Growth

05/11/2012 - 09:15
SABMiller Plc (SAB), the world’s second- biggest brewer, said the cost of expansion and higher commodity prices will restrict margin growth in Africa.  read more
Woolies to triple sales proportion from Africa

Woolies to triple sales proportion from Africa

08/06/2012 - 08:47
Woolworths expects to more than triple the proportion of sales it derives from African countries north of the borders within seven years as it taps a growing middle and upper class. read more
Nigerians in talks with Tiger Brands

Nigerians in talks with Tiger Brands

08/05/2012 - 08:39
Tiger Brands yesterday confirmed it was in talks with Nigeria’s flour milling company Dangote Flour, a deal that one analyst said could be valued at at least $150m if 80% of the shares were acquired at the market capitalisation of the Nigerian company. read more