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Hong Kong protests hurt Richemont's profits

Hong Kong protests hurt Richemont's profits

11/11/2019 - 13:17
Richemont’s share price took a hit after the company disappointed the market with its results for the six months to end-September. read more
Tiger Brands considers disposing of value-added meat business

Tiger Brands considers disposing of value-added meat business

11/11/2019 - 09:22
SA’s largest food producer, Tiger Brands, is considering disposing of its value-added meat products business (Vamp), saying on Friday it had determined it was not an ideal fit in the business.  read more
Distell: no reward for shareholders patience

Distell: no reward for shareholders patience

07/11/2019 - 10:23
It’s difficult to know what to make of Distell’s shareholders — they’re either a particularly forgiving bunch or they don’t see much connection between executive remuneration and profits.  read more
Shoprite shock: Lead director resigns suddenly - just days after Wiese's re-election

Shoprite shock: Lead director resigns suddenly - just days after Wiese's re-election

07/11/2019 - 10:10
Just days after indicating that the Shoprite board will discuss the future of Christo Wiese as chair of the company in the coming months, Prof Shirley Zinn, the lead independent director of Shoprite, resigned. read more
Huawei upbeat about smartphone sales despite US bans

Huawei upbeat about smartphone sales despite US bans

06/11/2019 - 09:34
Huawei expects smartphone shipments to grow 20% in 2020 even if it is blocked from the latest Google software, suggesting the Trump administration’s efforts to contain the company’s rise may not be working. read more
Direct selling punches above its weight in a tough economy

Direct selling punches above its weight in a tough economy

05/11/2019 - 10:27
The direct selling industry in SA, which comprises 31 companies, has seen a 5% decline in growth as cash-strapped consumers tighten their belts. read more
Shoprite investor seeks to curb Wiese power with director

Shoprite investor seeks to curb Wiese power with director

04/11/2019 - 08:49
A Shoprite Holdings Ltd. shareholder nominated a veteran retail executive to the board of Africa’s biggest grocer in an attempt to reduce the influence of Chairman Christo Wiese -- part of a wider investor pushback against the former billionaire. read more
A new SA cloud market emerging

A new SA cloud market emerging

25/10/2019 - 10:53
Thanks to the arrival of Microsoft Azure data centres in South Africa, it is expected that more born-in-the-cloud organisations will start taking root here. And with smaller companies now finding it easier to migrate to an online environment, these are exciting times for solutions providers. read more
Pioneer shareholders give nod to PepsiCo deal

Pioneer shareholders give nod to PepsiCo deal

16/10/2019 - 08:25
Shareholders of Pioneer Foods, the owner of brands such as Sasko bread and Ceres juices, have voted almost unanimously in favour of delisting the company, after a $1.7bn bid by PepsiCo. read more
How to attract and retain the best employees

How to attract and retain the best employees

14/10/2019 - 11:15
Finding the right employee can be a time-consuming process – especially when you’re looking to hire the best candidate for the job. But there are simple steps one can take to find employees who are best suited for your culture and the future success of your business.  read more
Managing a multi-generational workforce

Managing a multi-generational workforce

08/10/2019 - 09:18
Each generation has different work expectations. How can organisations address this challenge effectively without compromising on its core values? Nicol Myburgh, Head of the HR Business Unit at CRS Technologies, believes that while a standardised approach is ill-advised, there are other opportunities to become more attentive to the requirements of a multi-generational workforce. read more
How online reviews are shaping buyer decision-making

How online reviews are shaping buyer decision-making

03/10/2019 - 10:38
An effective strategy for responding to online reviews is good for business and can help companies enhance their reputation and improve operations. read more
Forever 21 to close almost 180 outlets in the US

Forever 21 to close almost 180 outlets in the US

01/10/2019 - 08:55
Fashion retailer Forever 21 filed for bankruptcy last week, as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce companies such as Amazon.com. read more
Pick n Pay debt jumps after accounting changes

Pick n Pay debt jumps after accounting changes

26/09/2019 - 09:44
Retailer Pick n Pay said its total debt had increased to R17bn from R1.6bn for the 53 weeks ended March 3, as a result of accounting changes. read more
Working towards better data management

Working towards better data management

24/09/2019 - 13:13
Big data is seeing organisations becoming more mindful of aligning their data management practices with newer paradigms such as data lakes, elastic and cluster computing, and real-time data. As such, the cloud provides an environment capable of managing the volume and scale required to do so. read more
How to attract and retain the best employees

How to attract and retain the best employees

24/09/2019 - 12:54
Finding the right employee can be a time-consuming process – especially when you’re looking to hire the best candidate for the job. But there are simple steps one can take to find employees who are best suited for your culture and the future success of your business.  read more
Embracing workforce transformation in a digital world

Embracing workforce transformation in a digital world

20/09/2019 - 13:53
Workforce transformation affects all aspects of business and companies must plan for the impact it is having and will continue to have on operations. Nicol Myburgh, Head of the HR Business Unit at CRS Technologies, says the evolving business landscape means companies must start thinking now about the skills they need for the future. read more
Clover, Milco merger puts 657 jobs on the line

Clover, Milco merger puts 657 jobs on the line

17/09/2019 - 10:05
A total of 657 existing jobs will be on the line at Clover Industries in the next two years if the R4.8 billion merger between the JSE-listed dairy company and Israel-based Milco is approved by the Competition Tribunal.  read more
Unilever achieves renewable energy target before 2020 target

Unilever achieves renewable energy target before 2020 target

17/09/2019 - 09:17
Unilever has announced that all its sites across five continents are now powered by 100% renewable grid electricity, meeting its 2020 target ahead of time. read more
The changing UX and CX landscape

The changing UX and CX landscape

13/09/2019 - 16:16
An exceptional customer experience (CX) builds a foundation of loyalty and trust. Similarly, a positive user experience (UX) encourages brand connections with people wanting to come back for more. And yet, local organisations must learn to embrace these more effectively to differentiate themselves from their competitors. read more
Make your contact centre your epicentre for e-commerce

Make your contact centre your epicentre for e-commerce

12/09/2019 - 11:47
Many companies realize the opportunity to develop and leverage their e-commerce prospects, but in fact, there is an even greater opportunity to make the contact centre the ‘central command’ behind e-commerce and bring this revenue-building stream into the customer experience line of fire. read more
Richemont’s head of fashion departs for role outside company

Richemont’s head of fashion departs for role outside company

10/09/2019 - 10:34
Swiss luxury-goods maker Richemont said the head of its fashion and accessories business resigned after one year on the job to join another company. read more
Distell says rest of Africa offset lower volumes in SA

Distell says rest of Africa offset lower volumes in SA

28/08/2019 - 09:23
Alcoholic drinks company Distell, whose brands include Nederburg wines and Klipdrift brandies, says its rest-of-Africa business made up for lower sales volumes in SA in the year to end-June. read more
Back to selling more beers for AB InBev after failed Asian float

Back to selling more beers for AB InBev after failed Asian float

23/07/2019 - 11:40
AB InBev’s cancelled Asian stock market listing will slow but not derail the world’s largest brewer’s efforts to cut its debt mountain, delaying future acquisitions and prioritising its main challenge: selling more beers. read more
Johnson & Johnson certain it will prevail in baby powder and opioid lawsuits

Johnson & Johnson certain it will prevail in baby powder and opioid lawsuits

17/07/2019 - 14:00
Johnson & Johnson (J&J) said that the healthcare conglomerate will come out on the winning side of thousands of legal claims over its baby powder and opioid products.  read more
Cancer drugs help Johnson & Johnson raise sales outlook

Cancer drugs help Johnson & Johnson raise sales outlook

17/07/2019 - 08:41
Johnson & Johnson raised its full-year sales forecast as demand for its cancer drugs Darzalex and Imbruvica helped it exceed estimates for second-quarter profit on Tuesday. read more
Unilever's former chief moves on with plan to fix the world

Unilever's former chief moves on with plan to fix the world

05/07/2019 - 09:26
Paul Polman, the Dutchman who ran Unilever for almost a decade with a social slant, will push further in that direction now that he’s leaving - creating a group to help combat poverty and climate change. read more
Steinhoff report reveals maelstrom of conflicts of interest

Steinhoff report reveals maelstrom of conflicts of interest

13/05/2019 - 11:30
Steinhoff International was for many years run by a board of tight-knit people, many of whom had done business together for decades. Just how close they were became apparent with the release of Steinhoff’s 2017 annual report which identified a plethora of related-party transactions that the company now says weren’t properly disclosed according to best corporate governance practice. read more
Adidas chief says it's time for Reebok to start growing again

Adidas chief says it's time for Reebok to start growing again

14/03/2019 - 09:32
After years of efforts to make Reebok profitable again, Adidas Chief Executive Officer Kasper Rorsted has said he’s ready for the next hurdle - getting more people to actually buy its products. read more
Sugar tax didn't sweeten the deal for Clover

Sugar tax didn't sweeten the deal for Clover

05/03/2019 - 11:02
The sugar tax may be aimed at reducing consumption, but it ate its way into Clover's profits, the group said on Tuesday.  read more
H&M sales beat estimates with boosted discounts

H&M sales beat estimates with boosted discounts

17/09/2018 - 13:17
Hennes & Mauritz’s sales beat the highest analyst estimate as the Swedish fashion retailer offered discounts to clear out inventory and received a boost from the weak krona. read more
The first 5 hires you should consider for your tech startup

The first 5 hires you should consider for your tech startup

24/07/2018 - 09:13
Hiring is a critical process to help kickstart your tech startup success and take your business to new heights. As much as you would like to hire a team of talented individuals to fulfil all of your business ideas, you need to be selfish with your choices. The people you choose to hire for your startup will set the foundation of your business and slowly transform it into the vision you’ve always had for your organisation. read more
What to look for when renting office space

What to look for when renting office space

05/07/2018 - 10:08
Whether you’re a new business owner or a freelancer, having an office is important for your own productivity as well as your business’ professional presentation.  read more
Steinhoff's Star share price falls 7% on lacklustre Christmas sales

Steinhoff's Star share price falls 7% on lacklustre Christmas sales

09/02/2018 - 13:34
The share price of Steinhoff Africa Retail (Star) fell 7% to R20.19 on Friday after it reported lacklustre Christmas sales. read more
Steinhoff director spills the beans about accounting irregularities and Jooste's disapearing act

Steinhoff director spills the beans about accounting irregularities and Jooste's disapearing act

02/02/2018 - 15:25
Director and chairman of Steinhoff’s audit committee, former ABSA CEO, Steve Booysen recounted in Parliament, the dramatic discovery on Monday, December 5 of the alleged accounting irregularities which have rocked the group and led to the resignation of former CEO Markus Jooste. read more
Steinhoff boosted by update

Steinhoff boosted by update

19/01/2018 - 10:40
The Steinhoff share price ticked up briefly on Thursday after the release of a "process and liquidity update" in which the group said it was seeking waivers from some European funders and that it expected to be able to pay cash interest on "all its existing financial indebtedness at the ordinary contractual rate over the near-term forecasted period". read more
Nestlé plans $10bn revamp as activist Loeb takes aim

Nestlé plans $10bn revamp as activist Loeb takes aim

27/09/2017 - 16:28
Nestlé SA may buy or sell businesses with combined sales of almost $10bn as CEO Mark Schneider embarks on the biggest overhaul of the food company in at least a decade. read more
Zim currency woes to hit Edgars product range

Zim currency woes to hit Edgars product range

26/09/2017 - 10:51
According to Edcon’s Zimbabwe-based clothing retailer Edgars Stores Limited, prevailing foreign currency shortages in the country will impact its product range. read more
Hermès adds to concern strong euro may erode luxury sales

Hermès adds to concern strong euro may erode luxury sales

19/09/2017 - 09:49
Hermès warned that profitability probably has reached a peak and that the strong euro is set to erode 2018 sales of the company’s Birkin handbags and other luxury goods, spurring concern that the industry’s rebound may become rockier.  read more
Adidas jumps as sneaker, sportswear sales drive profit upgrade

Adidas jumps as sneaker, sportswear sales drive profit upgrade

31/07/2017 - 08:49
Adidas shares rose after the German sneaker maker increased its revenue and profit forecasts, helped by strong sportswear sales and a brand streamlining that includes a disposal of the CCM hockey business.  read more
Nestlé outlook for weakest sales in 20 years gives Loeb ammo

Nestlé outlook for weakest sales in 20 years gives Loeb ammo

27/07/2017 - 12:16
Nestlé SA warned that sales growth this year will be the weakest in at least two decades, giving activist investor Dan Loeb ammunition for his campaign to spur the world’s largest food company to rejuvenate its businesses.  read more
Unilever sales meet estimates as prices increase

Unilever sales meet estimates as prices increase

20/07/2017 - 09:55
Unilever reported second-quarter sales growth in line with estimates as hot European weather boosted sales of Ben & Jerry’s and Magnum ice-cream brands and the company raised prices to offset stagnant volume. read more
Sainsbury's sales beat estimates as UK grocery prices rise

Sainsbury's sales beat estimates as UK grocery prices rise

04/07/2017 - 11:53
Sainsbury reported first-quarter sales growth that beat estimates as Brexit-fuelled food-price inflation boosted revenues in its core grocery business. read more
Adidas gains ground on Nike's US home turf

Adidas gains ground on Nike's US home turf

05/05/2017 - 08:41
Frankfurt - Adidas is racing ahead in the US with sales growth that’s outstripping archrival Nike as its namesake brand and Reebok capitalize on the trend for retro and 'athleisure' fashions that are worn off the sporting grounds. read more