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Clover to make comeback in local market

Clover to make comeback in local market

04/04/2014 - 08:57
Johannesburg - Dairy and beverages maker Clover said on Monday it planned to re-enter certain local markets, putting on hold Africa expansion plans as it posted an almost doubling of interim earnings which were lifted by higher prices. read more
Family Dollar expands food assortment, United States

Family Dollar expands food assortment, United States

02/04/2014 - 13:11
Matthews, N.C. -- Family Dollar is expanding its food assortment with the introduction of more than 400 new food items in each of its more than 8,000 stores across the country. read more
BlackBerry hit with $423 million loss

BlackBerry hit with $423 million loss

31/03/2014 - 08:23
BlackBerry Ltd reported a much smaller-than-expected quarterly loss on Friday, sending its shares up nearly 7 percent, even as its smartphone sales continued to slide. read more
Cross-listing of Kenyan supermarket meets hurdle

Cross-listing of Kenyan supermarket meets hurdle

13/03/2014 - 12:00
Dar/Nairobi. A technical challenge is delaying the cross-listing of Uchumi Supermarket at the Dar es Salaam Stock Exchange (DSE), BusinessWeek has learnt.  read more
GSK lifts Indian drugs unit stake to 75%

GSK lifts Indian drugs unit stake to 75%

13/03/2014 - 11:45
London - GlaxoSmithKline has lifted its stake in the group's Indian subsidiary to 75%, the British drugmaker said on Monday.  read more
Adidas sees World Cup boost for profits

Adidas sees World Cup boost for profits

06/03/2014 - 13:48
Frankfurt - Adidas, the German maker of sportswear and equipment, said Wednesday it expects the World Cup football championships in Brazil to boost earnings this year, but warned that the crisis in Ukraine could hurt its business. read more
RadioShack introduces new brand positioning, U.S.

RadioShack introduces new brand positioning, U.S.

29/01/2014 - 10:06
Fort Worth, Texas – RadioShack is introducing a new brand positioning, including the motto, "It Can Be Done, When We Do It Together." The company said the new positioning highlights the brand's ability to collaborate with consumers to help them discover what is possible through technology. read more
SABMiller's $110m expansion in Nigeria

SABMiller's $110m expansion in Nigeria

24/01/2014 - 10:13
Cape Town - SABMiller's Nigerian subsidiary, Intafact Beverages, announced the expansion of its brewery in Onitsha, South Eastern Nigeria, the company said in a statement. read more
Bidvest lifts stake in Adcock

Bidvest lifts stake in Adcock

17/01/2014 - 08:00
Johannesburg - The Bidvest Group has increased its stake in drugmaker Adcock Ingram [JSE:AIP] to 9% and will close its offer for the drugmaker soon, said chief executive Brian Joffe. read more
Ghana's Accra Brewery to inject $100m into expansion works

Ghana's Accra Brewery to inject $100m into expansion works

08/01/2014 - 11:43
Accra Breweries Limited, one of the major beverage manufacturing firms in Ghana, is to invest 100 million dollars to expand its operations in the country. read more
Carlsberg buys stake in China's Chongqing

Carlsberg buys stake in China's Chongqing

06/12/2013 - 09:00
Copenhagen/Shanghai - Danish brewer Carlsberg upped its stake in China's Chongqing Brewery to 60 percent, strengthening its foothold in the world's largest beer market by volume, and hopes to further increase its holding, the latter said. read more
Liquor producer receives award for corporate support in Ghana

Liquor producer receives award for corporate support in Ghana

05/12/2013 - 11:04
Indigenous liquor production giant, Kasapreko Company Limited, has been awarded for promoting festivals in Ghana. The company was adjudged the award at this year's National Tourism Awards held at the State Banquet Hall in Accra. read more
Local liquor giant, Kasapreko Company, is 6th on Ghana Club 100 list

Local liquor giant, Kasapreko Company, is 6th on Ghana Club 100 list

31/10/2013 - 08:26
Indigenous liquor giant, Kasapreko Company Limited (KCL) placed sixth in the 2013 Ghana Club 100 ranking. read more
SA lacks international business brand

SA lacks international business brand

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
BOS Ice Tea launches in Belgium and Holland

BOS Ice Tea launches in Belgium and Holland

18/10/2013 - 09:07
BOS Ice Tea has recently celebrated its third birthday in South Africa, and has taken the first steps into European markets, launching in Belgium and Holland earlier this month. read more
Walmart accelerating U.S. small store growth; upping tech investments

Walmart accelerating U.S. small store growth; upping tech investments

17/10/2013 - 11:18
Bentonville, Ark. - Wal-Mart Stores detailed a number of moves, including opening smaller stores in the United States, cutting back on overseas growth and increasing its investments in technology and e-commerce, on the occasion of the company’s 20th annual investor meeting. 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
Bacardi opens first African office in Kenya

Bacardi opens first African office in Kenya

10/10/2013 - 12:32
The World’s largest privately held spirits company, Bacardi Limited is set to open its first African sales outlet in Nairobi, Kenya on Tuesday following the growing demand for luxurious goods such as alcoholic beverages by consumers. read more
Twitter haunted by Facebook's IPO

Twitter haunted by Facebook's IPO

08/10/2013 - 09:26
When Facebook Inc was preparing to go public last year, the telephones at Granite Investment Advisors rang off the hook as clients called about the social media’s company’s highly anticipated debut. read more
J.C. Penney looking to raise some $800 million from offering

J.C. Penney looking to raise some $800 million from offering

30/09/2013 - 16:03
Plano, Texas – Shares of J.C. Penney Company took a beating on Friday after the retailer priced its $932 million share sale at a 7.4% discount and detailed its shrinking cash position.  read more
BlackBerry reports $965 million loss

BlackBerry reports $965 million loss

30/09/2013 - 13:19
On Friday, struggling mobile handset maker BlackBerry reported a loss of $965 million, or $1.84 per share diluted, for the three months ended August 2013, compared with a prior loss of $235 million. read more
How SA business uses social media

How SA business uses social media

17/09/2013 - 09:02
A new report highlights the intensified use of social media by South African corporations, with Facebook winning out amongst the big players in the sector. read more
Asia sales boosts Lego profit

Asia sales boosts Lego profit

09/09/2013 - 11:26
Copenhagen - Danish toy company Lego on Thursday reported a 13% rise in net sales for the first half of 2013, citing strong sales in Asia. read more
Distell defies tough market to post revenue rise of 12%

Distell defies tough market to post revenue rise of 12%

22/08/2013 - 11:16
The Distell Group succeeded in raising revenue 11,9% to R15,9bn on a sales volume increase of 7,2% for the year to June 2013. This was despite exceptionally tough trading conditions, marked by a global slowdown in economic growth, contracted disposable income and reduced consumer spending in many of the regions where it markets its range of spirits, wines and ciders and RTDs. read more
Itec beefs up presence in the West Rand

Itec beefs up presence in the West Rand

18/07/2013 - 08:54
Office automation group, Itec has acquired a majority stake in Canon West Rand, in line with its strategy to grow its market reach and economies of scale. read more
Accra Brewery receives training grant

Accra Brewery receives training grant

16/07/2013 - 09:38
Accra Brewery Limited, a subsidiary of SABMiller, has again demonstrated its commitment to employee skills development by sourcing for a grant of GHC 212,000 from the Skills Development Fund (SDF).  read more
Rainbow Chicken: Stake in Foodcorp raised by 23.9% more

Rainbow Chicken: Stake in Foodcorp raised by 23.9% more

03/07/2013 - 11:56
Rainbow Chicken has entered an agreement to acquire a further 23.9 percent stake in food producer Foodcorp, a transaction that would increase this broiler producer’s effective interest in Foodcorp to 88.1 percent. In April, Rainbow acquired a 64.2 percent stake in Foodcorp through its subsidiary Capitau Investment Management.  read more
South African wine producer now in Kenyan market

South African wine producer now in Kenyan market

25/06/2013 - 08:54
A South African wine producer Orange River Cellars has signed a distributorship deal with Kenya’s Chareth General Agencies.  read more
SABMiller in agreement with Kopparberg

SABMiller in agreement with Kopparberg

19/06/2013 - 08:19
Johannesburg – Global breweing giant SABMiller [JSE:SAB] has signed a cooperation agreement with Swedish brewer Kopparberg Brewery AB for the long term licensing of Kopparberg cider products in selected markets. 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
J.C. Penney debuts new home department

J.C. Penney debuts new home department

07/06/2013 - 10:51
Plano, Texas -- J.C. Penney Co. on Thursday took the wraps off its highly anticipated new home department. More than 500 stores received a complete home department revamp, with updated flooring, accent lighting, custom fixturing and a widened pathway. 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
Shoprite opens new Swaziland store, helping job creation

Shoprite opens new Swaziland store, helping job creation

24/05/2013 - 15:38
Shoprite brings 150 jobs NHLANGANO – Shoprite Checkers has added a stimulating effect to the economy of the small town of Nhlangano by availing about 150 jobs to locals.  read more
Heineken omits Kenya from new women’s beer

Heineken omits Kenya from new women’s beer

21/05/2013 - 09:13
Heineken will not be launching its sweeter, low-alcohol Radler beer in Kenya. It will instead focus on its flagship brand to grow local market share. read more
Where digital and physical media meet

Where digital and physical media meet

20/05/2013 - 10:47
The Witness newspaper has broken the mould of typical print media by integrating augmented reality as a way to extend the life its physical print content. read more
Tesco clothing brand to go global

Tesco clothing brand to go global

20/05/2013 - 09:37
London – Tesco, Britain's biggest retailer, said on Sunday that it planned to open more than 50 new franchise stores, worldwide, for its clothing brand over the next five years. read more
Kenya's Uchumi to open 13 supermarkets across East Africa

Kenya's Uchumi to open 13 supermarkets across East Africa

15/05/2013 - 10:35
Kenya's Uchumi Supermarkets will open 13 new stores over the next year as East Africa's sole listed retailer prepares for a cash call and a cross listing of its shares, its chief executive said on Tuesday. read more
Heineken aims to grow African market

Heineken aims to grow African market

14/05/2013 - 08:05
Johannesburg - A thirst for beer among Africa's middle classes is driving the world's biggest brewers to invest on the continent, but getting women to drink the beverage is another matter. read more
US: Berghoff Brewing to revive brands, change brewers

US: Berghoff Brewing to revive brands, change brewers

24/04/2013 - 07:53
Berghoff Brewing will revive its brands this summer with updated recipes, and a move to contract brewing the beers at Stevens Point Brewery. 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
US: Johnson & Johnson tops estimates as prescription, OTC drugs shine

US: Johnson & Johnson tops estimates as prescription, OTC drugs shine

18/04/2013 - 11:21
(Reuters) - Johnson & Johnson beat Wall Street's quarterly profit estimates on sharply lower taxes, strong sales of prescription drugs and a revival of over-the-counter medicines that had been recalled over quality control problems. read more
Reports: Costco looks to develop e-commerce in China

Reports: Costco looks to develop e-commerce in China

09/04/2013 - 10:42
New York -- Costco Wholesale appears to be eyeing China's online commerce market, according to published reports. read more
SABMiller To Start Brewing Cassava Beer In Ghana

SABMiller To Start Brewing Cassava Beer In Ghana

08/04/2013 - 09:50
SABMiller’s local unit Accra Brewery Limited (ABL) will start to brew cassava beer in Ghana under the brand name “Eagle”, the company announced on March 14, 2013. read more
MultiChoice Zambia opens DStv agency in Kitwe

MultiChoice Zambia opens DStv agency in Kitwe

05/04/2013 - 09:34
MULTICHOICE Zambia has opened a new Digital Satellite Television (DStv) agent outlet in Kitwe to serve its customers effectively and efficiently. read more
Versace family open to outside investors

Versace family open to outside investors

05/04/2013 - 07:27
Milan - Family owned Italian fashion house Versace is ready to sell some of the company to outside investors to help fund expansion in foreign markets such as Asia, its chief executive said in an interview.  read more
Namibia: New brand of local fish products by Kuiseb Traders

Namibia: New brand of local fish products by Kuiseb Traders

04/04/2013 - 08:56
Windhoek - Kuiseb Traders have shown that they mean business when they recently launched a fully Namibian brand of processed and packaged fish products for the local market. read more
Dell to be ‘aggressive’

Dell to be ‘aggressive’

03/04/2013 - 08:27
Washington - Personal computer industry pioneer Michael Dell would “invest for growth” and compete aggressively in new markets if his plan to take the company he founded private succeeds, according to a new memo. 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
Liberty Promenade expansion strategy pays off

Liberty Promenade expansion strategy pays off

28/03/2013 - 12:29
The R500 million upgrades and redevelopment of Liberty Promenade has helped the retail centre to achieve 11.63% in turnover growth, entrenching its status as the preferred shopping destination of the Mitchells Plain and Khayelitsha communities. read more
Kenya: Uchumi in cautious mood ahead of Rights Issue

Kenya: Uchumi in cautious mood ahead of Rights Issue

27/03/2013 - 11:45
Directors of the Uchumi chain of super markets are cautiously monitoring events in the local investment landscape as the company prepares to raise cash from its existing shareholders to fund its local and regional expansion drive.  read more
SABMiller raises R1bn in bond issue

SABMiller raises R1bn in bond issue

27/03/2013 - 09:02
Johannesburg - Brewing giant SABMiller [JSE:SAB] has through its subsidiary‚ SABSA Holdings‚ raised R1bn from investors in its first bond issue‚ at a yield of 7.125%.  read more