INVEST NEWS ON FASTMOVING

Though operational results for the second half of Pick n Pay's financial year are expected to show an improvement, the group's fervent investment in its turnaround strategy is likely to have had a negative impact on profit growth for the year.  read more

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

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

LG Electronics Inc. (066570), reeling from losses at its panel and mobile-phone units, plans to sell new shares worth 1 trillion won ($884 million) to raise capital for investments, according to a person with knowledge of the plan. read more

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

While reports suggest that consumer confidence has declined in South African retail, the recent international interest in South African retail and logistics paints a completely different picture.  read more