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SA slow to adopt online shopping, with logistics a problem

SA slow to adopt online shopping, with logistics a problem

24/07/2014 - 09:16
In South Africa, buying food and beverages as well as clothes online continues to lag behind global norms, an EY survey revealed on Tuesday. read more
How to clamp down on executive pay

How to clamp down on executive pay

24/07/2014 - 08:59
Legislation giving shareholders a “say on pay” needs to be introduced if South Africa is ever to narrow the pay inequality between executives and employees in listed companies. read more
South Africans ‘tend to rely on much-loved brands’

South Africans ‘tend to rely on much-loved brands’

23/07/2014 - 16:16
South Africans were mostly unified by their palates, despite huge disparities, the Icon Brand survey by market research company Afrika Group, released on Monday, showed. read more
Rand on steady after US inflation

Rand on steady after US inflation

23/07/2014 - 16:11
Johannesburg - South Africa's rand firmed against the dollar on Tuesday, taking impetus from benign US inflation numbers and reports that striking metalworkers were mulling a new wage deal to end a three-week stoppage. read more
Future banking trends in SA

Future banking trends in SA

22/07/2014 - 14:53
The introduction of banking apps, cashless payments and futuristic bank branches over the past ten years have pointed to a shift in banking from bricks to clicks. read more
Pepkor buys New Zealand clothing chain

Pepkor buys New Zealand clothing chain

22/07/2014 - 13:54
Pepkor, the retail group 44% owned by its chairperson, Christo Wiese, last week acquired New Zealand clothing chain Postie Plus Group from its administrators, PwC, for an undisclosed amount. read more
Breweries drop Sedibeng share

Breweries drop Sedibeng share

22/07/2014 - 13:50
Namibia Breweries Limited has back peddled on a deal in which it was initially meant to acquire a 15% stake in the Sedibeng Brewery in Gauteng, South Africa. read more
Banting diet fad is keeping the tills ringing

Banting diet fad is keeping the tills ringing

21/07/2014 - 17:23
Retailers are tapping into the high-fat food phenomenon as the Tim Noakes diet hype grows, and restaurants serving pizzas, stodgy pastas and crusty sandwiches adapt. read more
Rush of new stores ‘a risk for retailers’

Rush of new stores ‘a risk for retailers’

15/07/2014 - 10:34
Retailers should rethink their expansion strategy of opening new stores as economic data suggested that weak consumer spending would continue to squeeze margins, David Smith, an equity analyst at Macquarie First South Securities, said on Friday. read more
Get paid more for fewer hours: Richard Branson

Get paid more for fewer hours: Richard Branson

15/07/2014 - 10:25
Business magnate Richard Branson believes that the advance of technology could help accelerate the marketplace to much smarter working practices. read more
JSE vs global markets

JSE vs global markets

15/07/2014 - 10:14
South Africa is one of the top-performing markets in the world, according to new findings by CNN Money. read more
Why Lewis should step out the laager

Why Lewis should step out the laager

15/07/2014 - 09:50
Are alarm bells ringing at furniture retail company Lewis? Although the 80-year-old company boasts that it is South Africa’s “largest furniture chain” with 636 stores, it has never been particularly great at transparency. read more
SA maize falls to 3-year low

SA maize falls to 3-year low

15/07/2014 - 09:31
Johannesburg - South Africa’s white maize dropped to the lowest level in three years in Johannesburg. read more
In-store experience still trumps online buying in SA

In-store experience still trumps online buying in SA

14/07/2014 - 11:00
While South Africans are embracing online and mobile shopping, the in-store experience is as important as ever. read more
Nampak looks to buy into African growth

Nampak looks to buy into African growth

14/07/2014 - 10:55
Nampak plans to expand in Nigeria through acquisitions that may exceed its largest takeover deal, as Africa’s biggest maker of beverage cans looks to counter slowing growth in its main South African market.  read more
Retail gets connected

Retail gets connected

14/07/2014 - 10:49
Cape Town - The South African retail landscape is set to change drastically over the next few years, says Ctrlroom, a digital communication strategies specialist.  read more
Cyber attacks target teleco industry

Cyber attacks target teleco industry

14/07/2014 - 10:44
Kaspersky Lab has found that targeted cyber attacks are on the rise year-over-year, and identified the most likely business sector targets. read more
Groupon SA appoints new CEO

Groupon SA appoints new CEO

11/07/2014 - 12:04
Groupon has appointed a new country leader for its South African operation. read more
End of the road for ‘drive a new car for R699 a month’ deal

End of the road for ‘drive a new car for R699 a month’ deal

09/07/2014 - 11:23
Thousands of motorists, who were lured into buying new cars by an attractive offer, which meant to see them paying as little as R699 a month, are up in arms after the company managing the deal, Satinsky Group, unexpectedly cut its losses with its Hong Kong-based holding company. read more
Who has the cheapest beer in the world?

Who has the cheapest beer in the world?

08/07/2014 - 10:08
South Africa may not have the cheapest beer in the world at an average of R18.00, but still compares favourably when put up against the likes of Iran at R82.00. read more
Is this South Africa’s Bitcoin?

Is this South Africa’s Bitcoin?

08/07/2014 - 09:21
Madibacoin, a new alternative cryptocurrency has launched in South Africa. read more
Tsogo Sun down after SABMiller moves to sell

Tsogo Sun down after SABMiller moves to sell

07/07/2014 - 14:28
Johannesburg - Shares of Tsogo Sun Holdings tumble 7 percent to 25 rand after SABMiller says it will sell its 40 percent stake in the South African hotel and gaming group for around $1 billion.  read more
SA consumer confidence rises to its highest level in two-and-a-half years

SA consumer confidence rises to its highest level in two-and-a-half years

03/07/2014 - 11:12
Consumer confidence rose unexpectedly in the second quarter supported by a firmer rand over the period, a petrol price decrease between April and June, unchanged interest rates in May and a peaceful general election on May 7. read more
Spike in food sales expected in holy month of Ramadan

Spike in food sales expected in holy month of Ramadan

02/07/2014 - 10:48
As South Africa’s Muslim community begins fasting this weekend for a month, common perceptions suggest there will be a dip in food sales and productivity among companies. read more
Numsa strike weighs on rand

Numsa strike weighs on rand

02/07/2014 - 10:40
Johannesburg - The rand edged down against the dollar on Wednesday as a national engineering strike entered its second day, weighing on investor sentiment in Africa's top economy. read more
Dutch menswear retailer to spruce up South Africans

Dutch menswear retailer to spruce up South Africans

01/07/2014 - 08:43
If the maxim, "a well tailored suit is to women what lingerie is to men," then Africa’s dapper executives might appreciate the first of three planned outlets on the continent by Dutch retailer Suitsupply. read more
SA government offering incentives to keep whites out of jobs

SA government offering incentives to keep whites out of jobs

27/06/2014 - 15:02
Public service managers are being encouraged to keep posts vacant rather than fill them with whites, an SA Institute of Race Relations (SAIRR) consultant said in a newsletter this week. read more
Zuma cabinet to cost SA tax payers R1.3 billion

Zuma cabinet to cost SA tax payers R1.3 billion

26/06/2014 - 12:03
The Democratic Allinace has revealed that President Jacob Zuma’s new additions to his cabinet will cost tax payers approximately R36 million. read more
SA formal employment rises

SA formal employment rises

25/06/2014 - 12:09
Year-on-year employment in South Africa increased by 42,000 between March 2013 and March 2014, new data showed on Tuesday. read more
SARB: Inflation is “uncomfortably high”

SARB: Inflation is “uncomfortably high”

25/06/2014 - 11:57
Pretoria - South Africa's deputy central bank governor, Daniel Mminele, said on Tuesday that inflation was “uncomfortably high” and could increase further.  read more
Eskom issues power warning for the week

Eskom issues power warning for the week

24/06/2014 - 13:36
The national power system will be tight on Monday evening and is expected to stay that way during peak hours for the rest of the week, Eskom said. read more
Convenient online shopping poses a serious debt risk

Convenient online shopping poses a serious debt risk

24/06/2014 - 10:12
The online shopping market is on the rise in SA, but as an individual online shopper, it can come at a greater cost than anticipated. read more
Weather to test Eskom’s resolve

Weather to test Eskom’s resolve

20/06/2014 - 12:22
As a cold front settles in across the country, set to reach Johannesburg on Thursday, Eskom faces a difficult task to “protect the national grid from a total shutdown”. read more
Hunters want shops to keep game meat

Hunters want shops to keep game meat

20/06/2014 - 11:54
Low-priced game meat sold in the supermarket, alongside beef and chicken, could soon become a reality if South African game hunters have their way. read more
SA’s credit rating – where we stand

SA’s credit rating – where we stand

17/06/2014 - 11:54
Credit rating agencies Standard & Poor’s (S&P) and Fitch have both issued their latest ratings for South Africa – and the results are not positive. read more
Shocking bribery confessions from SA executives

Shocking bribery confessions from SA executives

13/06/2014 - 09:40
Professional services firm, Ernst & Young, says that as many as 10% of South Africa executives would pay a cash bribe in order secure work. read more
Music retail is dying in South Africa

Music retail is dying in South Africa

12/06/2014 - 11:54
Sales of physical music products are sinking fast in South Africa, while digital music not growing fast enough to offset market decline. read more
Companies urged to join drive for affordable houses

Companies urged to join drive for affordable houses

11/06/2014 - 11:17
The private sector needs to play a large role in redressing the lack of affordable housing supply in South Africa, according to Nedbank Corporate Finance. read more
Sanral called, it wants your e-toll money

Sanral called, it wants your e-toll money

06/06/2014 - 10:29
The South African National Roads Agency Limited (Sanral) is calling up motorists to chase up payments for outstanding e-toll bills. read more
SA’s best mobile retailer revealed

SA’s best mobile retailer revealed

04/06/2014 - 13:12
The latest South African Customer Satisfaction Index report outlines the winners and losers in the SA telecom service and retail landscape. read more
Consumers nudge bakers to cut bread additive

Consumers nudge bakers to cut bread additive

04/06/2014 - 12:45
Consumer opinion rather than health risk has led to the removal of a food additive used in baking bread which helped to keep the flour white, the dough stronger and the bread bigger and softer. read more
These are the biggest listed companies in SA

These are the biggest listed companies in SA

03/06/2014 - 11:26
The largest JSE listed companies by market cap have shown massive growth over the past 5 years. read more
Shareholder questions family control of Pick n Pay

Shareholder questions family control of Pick n Pay

03/06/2014 - 10:51
The value of retaining the Ackerman family’s "artificial" control of Pick n Pay was again questioned at the supermarket giant’s annual general meeting on Monday. read more
Petrol price: good news for motorists

Petrol price: good news for motorists

02/06/2014 - 10:21
The price of all grades of petrol will drop by 22 cents a litre next month, the energy department said on Friday. read more
Consumers in SA unable to join global buying spree

Consumers in SA unable to join global buying spree

02/06/2014 - 10:16
Consumers in the world’s two largest economies are doing what they do best – spending money. It’s a happy harbinger for the global economy and may explain why global markets lost little ground on Friday, after the release of disappointing economic data.  read more
Minister to ‘champion cause of small businesses’ to spur economic growth

Minister to ‘champion cause of small businesses’ to spur economic growth

02/06/2014 - 09:55
Newly appointed Small Business Development Minister, Lindiwe Zulu, says she will champion the cause of small businesses to spur economic growth and job creation.  read more
Alcohol distilleries to help Illovo diversify

Alcohol distilleries to help Illovo diversify

28/05/2014 - 15:10
Illovo Sugar is diversifying its earnings by adding more alcohol distilleries to its business, while targeting possible opportunities in the blended fuel and carbon dioxide markets. read more
Mr Price online sales surges 300%

Mr Price online sales surges 300%

28/05/2014 - 15:00
Value fashion retailer Mr Price said online sales grew as much as 293.4% for the year ended March 2014. read more
Harsh economy affects Delta: SABMiller

Harsh economy affects Delta: SABMiller

28/05/2014 - 14:54
Harare - Global brewer SABMiller says the current economic crisis in Zimbabwe has affected the bottom-line of its subsidiary Delta Corporation. read more
How much Zuma’s Cabinet will cost SA

How much Zuma’s Cabinet will cost SA

27/05/2014 - 10:06
With 35 ministers’ and 37 deputy ministers’ salaries to pay, President Jacob Zuma’s new cabinet is set to cost South Africa over R143 million a year – excluding perks. read more
Wiese shrugs off his thwarted Shoprite bid

Wiese shrugs off his thwarted Shoprite bid

27/05/2014 - 09:41
Seven years after Christo Wiese, SA’s richest man, failed in a R15-billion bid to buy out small shareholders and delist Shoprite from the JSE, he says he has “no regrets” over the doomed bid. read more
Weak rand softens SA’s beverage contribution to SABMiller revenue

Weak rand softens SA’s beverage contribution to SABMiller revenue

23/05/2014 - 11:24
Shares in SABMiller rallied 2.75% in early Thursday trade after the global brewing giant reported full-year earnings that were slightly ahead of consensus analyst forecasts. read more
The world’s biggest brands

The world’s biggest brands

22/05/2014 - 11:09
Technology firms - including one South African mobile brand - are the most valuable, fastest rising and most talked about brands in the world. 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
Imports still a problem for Sovereign

Imports still a problem for Sovereign

21/05/2014 - 11:14
Poultry imports, as well as input and administered costs, weighed on Sovereign Food Investments full-year results, the company said last week Friday. read more
Treasury plans new booze tax

Treasury plans new booze tax

20/05/2014 - 09:22
A small minority of the 30% of South Africans who drink alcohol are responsible for causing the national and provincial governments to spend R17bn a year combating the effects of alcohol abuse, says the Treasury. read more
Vigo for South Africans

Vigo for South Africans

19/05/2014 - 10:45
Namibia Breweries Ltd recently launched its Vigo brand in South Africa. This comes hot on the heels of the beverages’ successful launches in Botswana and Zambia in November 2013. read more
Another petrol price drop on the way

Another petrol price drop on the way

19/05/2014 - 10:37
The more favourable rand exchange rate and stable international petroleum prices could result in a fuel price drop in June, the Automobile Association of SA (AA) said on Friday. read more
Moody’s: Strike weighs on SA trade gap

Moody’s: Strike weighs on SA trade gap

19/05/2014 - 10:31
Cape Town - South Africa’s platinum-mining industry strike will have a “profound” effect on exports, delaying a contraction of the deficit on the country’s current account, according to Moody’s Investors Service. 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
South Africa’s biggest companies

South Africa’s biggest companies

14/05/2014 - 12:28
Forbes has listed the 2,000 biggest companies in the world, including 15 companies from South Africa. read more
Sluggish economy puts pressure on SABMiller

Sluggish economy puts pressure on SABMiller

14/05/2014 - 12:06
Brewer SABMiller will report a slowdown in sales growth for its year to March, when it presents its results next Thursday, judging by its recent trading updates. read more
Clover stock falls on earnings announcement

Clover stock falls on earnings announcement

12/05/2014 - 11:18
Despite announcing an acquisition allowing it to manufacture innovative products, Clover Industries’ share price took a knock last week Thursday as the company said it expected a material fall in full-year earnings. read more
Michael Jordaan heads up wine organisation, WOSA

Michael Jordaan heads up wine organisation, WOSA

12/05/2014 - 10:33
Former First National Bank CEO Michael Jordaan has been appointed chairman of Wines of South Africa (WOSA), the organisation said last Friday. read more
 A wet and long winter for Eskom

A wet and long winter for Eskom

12/05/2014 - 09:27
Johannesburg - Eskom is not getting a handle on the problem of power plants breaking down, said power expert, Chris Yelland, according to City Press. read more
SABMiller’s glass overflows with help from new beer products

SABMiller’s glass overflows with help from new beer products

09/05/2014 - 10:40
If it is not the introduction of new beer styles in South Africa that is helping SABMiller gain some market share, it is the launch of new products that target specific drinking ages in its other operations.  read more
Famous Brands, Taste grow profits

Famous Brands, Taste grow profits

09/05/2014 - 10:30
Restaurant groups, Famous Brands and Taste Holdings, will report similarly strong earnings growth for their financial years ended February, say trading statements released on Monday. read more
Beverage tax ‘to fight alcohol abuse’

Beverage tax ‘to fight alcohol abuse’

08/05/2014 - 11:25
A major review of the taxation of alcoholic beverages, being undertaken by the Treasury as a contribution to the government’s fight against alcohol abuse, is likely to result in higher taxes and prices. read more
Telkom moves on retrenchments

Telkom moves on retrenchments

06/05/2014 - 10:58
Telkom has officially informed unions of its management job cut plans, with staff consultation set to start next week. read more
 Petrol price relief for SA motorists

Petrol price relief for SA motorists

05/05/2014 - 13:26
The Department of Energy has announced that the price of petrol is set to decrease by 15 cents per litre, on Wednesday 7 May, while diesel will decrease by 29.78 cents. read more
Rand remains under pressure

Rand remains under pressure

24/04/2014 - 14:22
Johannesburg - The rand extended losses against the dollar on Wednesday, keeping in step with its emerging market peers even as local inflation data suggested the central bank may hike interest rates next month. read more
Pick n Pay reveals online food delivery growth

Pick n Pay reveals online food delivery growth

17/04/2014 - 10:06
Listed retailer Pick n Pay has announced a 27% rise in its online food delivery business in announcing results for the 52 weeks ended 2 March, 2014. read more
SABMiller SA to cut 1 400 jobs

SABMiller SA to cut 1 400 jobs

15/04/2014 - 09:04
Johannesburg - A spokesperson for the Food and Allied Workers Union (Fawu) says it has called an urgent meeting after hearing that SABMiller is considering cutting 1 400 jobs. read more
Woolworths to acquire Australian brand, David Jones

Woolworths to acquire Australian brand, David Jones

14/04/2014 - 14:34
David Jones is an iconic Australian brand and occupies a similar customer positioning to Woolworths in South Africa at the premium end of the apparel business, with both businesses enjoying strong aspirational brand identities and a strong alignment of values that put the customer first, offering excellent service and quality.  read more
No discount on JD Group's R2.48bn rights issue

No discount on JD Group's R2.48bn rights issue

14/04/2014 - 07:29
Johannesburg - Furniture retailer JD Group priced its R2.48bn ($240m) rights offer at its current share price on Friday, to shore up its balance sheet after a spike in bad debts. read more
Kuseni Dlamini appointed non-executive chairman of Massmart

Kuseni Dlamini appointed non-executive chairman of Massmart

11/04/2014 - 14:40
Johannesburg – Massmart-Walmart today announced that Mr Kuseni Dlamini has been appointed as the independent Non-Executive Chairman of the Board of Massmart. Mr Dlamini takes over from Mark Lamberti with effect from 10 April 2014, who was recently appointed CEO of Imperial Holdings Limited. read more
Massmart CEO, Grant Pattison, to step down

Massmart CEO, Grant Pattison, to step down

11/04/2014 - 09:58
Johannesburg – Massmart today announced Grant Pattison’s decision to step down as CEO, effective 1 June 2014. Guy Hayward, currently Chief Operating Officer, has been named as his successor. The appointment is in line with the Group’s succession plan, enabling a smooth leadership transition. read more
Major international banking group to own 100% of TFG’s RCS business

Major international banking group to own 100% of TFG’s RCS business

10/04/2014 - 10:14
The European leader in the personal loans business, BNP Paribas Personal Finance (BNPPF), has entered into agreements which will result in it becoming the 100% shareholder of RCS, the highly successful consumer finance business which is 55% owned by TFG (The Foschini Group) and 45% by Standard Bank.  read more
Pioneer Foods expects higher earnings

Pioneer Foods expects higher earnings

07/04/2014 - 08:00
Johannesburg - South African food manufacturer Pioneer Foods said it expected half year earnings to rise by as much as 110% as it benefitted from cost cutting measures, among others. read more
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
Adcock shares mute on CEO's appointment

Adcock shares mute on CEO's appointment

04/04/2014 - 08:13
Johannesburg - Adcock Ingram [JSE:AIP] named Kevin Wakeford as its new chief executive on Thursday, an appointment aimed at turning around the fortunes of the country's No.2 drugmaker.  read more
More petrol pain for consumers

More petrol pain for consumers

01/04/2014 - 08:59
The price of 95 Octane petrol is set to rise by seven cents per litre, while 93 Octanes will go up five cents a litre from next Wednesday, the energy department has said. read more
PIC reduces stake in Pick n Pay Stores

PIC reduces stake in Pick n Pay Stores

31/03/2014 - 09:05
Johannesburg - Pick n Pay Stores advised shareholders on Monday that the Public Investment Corporation (PIC) has disposed of shares in the company. read more
JSE climbs as Shoprite gains

JSE climbs as Shoprite gains

31/03/2014 - 08:49
Johannesburg - South African stocks rose more than 1% on Friday, capping their best weekly performance in six weeks as Shoprite and other companies sensitive to consumer spending advanced, a day after the central bank kept interest rates steady. read more
FreshStop opens its 157th store

FreshStop opens its 157th store

26/03/2014 - 13:49
Located on the corner of Trichardts and Dassen Roads, Impala Park in Boksburg, FreshStop Northpoint Service Station opened its doors on 20 March 2014 after its previously unbranded store was converted into a completely renovated and modern FreshStop convenience store. In addition to the store conversion, the fuel forecourt has also been upgraded and now displays the latest 20/20 Caltex imagery. read more
SA maize crop could increase due to rain

SA maize crop could increase due to rain

26/03/2014 - 11:08
Johannesburg - South Africa is likely to raise its maize output estimates for 2014 after late summer rains earlier in March brought relief to drought-hit parts of the country, a Reuters survey has showed read more
White maize falls to 13-month low

White maize falls to 13-month low

18/03/2014 - 10:23
Johannesburg - White corn futures in South Africa declined to a 13-month low on plentiful supplies.  read more
Tablet market continues surge in SA

Tablet market continues surge in SA

17/03/2014 - 08:01
Shipments of PC tablets into the Middle East and Africa (MEA) expanded 111% year on year in the final quarter of 2013, according to the latest results released by International Data Corporation (IDC).  read more
Distell pays out to BEE shareholders

Distell pays out to BEE shareholders

12/03/2014 - 08:02
Stellenbosch - Distell has paid out in excess of R600m after tax to about 4 000 employees as part of the company’s employee share ownership plan (Esop), the company said on Monday. read more
Luxury retail space for Sandton City

Luxury retail space for Sandton City

10/03/2014 - 13:19
6 March 2014. Liberty Group and Pareto Limited announced the commencement of a development to reconfigure space within the flagship Sandton City to create an engaging ultra-exclusive shopping experience for its discerning clientele. read more
Eskom imposes first blackouts in six years

Eskom imposes first blackouts in six years

07/03/2014 - 08:35
Johannesburg - The South African state power utility Eskom imposed rolling blackouts for the first time since 2008 on Thursday, forcing rail networks and banks to switch to emergency generators after heavy rains soaked power station coal supplies. read more
Business confidence index improves

Business confidence index improves

07/03/2014 - 08:24
Johannesburg - Sacci's Business Confidence Index (BCI) improved by 1.4 index points from 90.5 in January to 91.9 in February, the SA Chamber of Commerce and Industry said on Thursday.  read more
Ascendis Health announces half year results

Ascendis Health announces half year results

05/03/2014 - 12:34
04 March 2014 - JSE Ltd listed Ascendis Health announced their maiden results for half year ended 31st of December 2013. read more
South Africa's CPI rises to 5.8%

South Africa's CPI rises to 5.8%

05/03/2014 - 11:42
The consumer price index for all urban areas rose to 5.8 percent in January, Statistics SA has said. read more
Double digit turnover growth for Sandton City

Double digit turnover growth for Sandton City

04/03/2014 - 12:42
4 March 2014: Sandton City has again delivered outstanding performance results, with recently released figures pointing to a year-on-year turnover growth of 16% and welcoming in excess of 24.5 million visitors to the centre for 2013.  read more
Liberty Group acquires share of prestigious Melrose Arch Precinct

Liberty Group acquires share of prestigious Melrose Arch Precinct

04/03/2014 - 09:07
An acquisition in line with the Liberty Property Portfolio investment strategy: Liberty Group Limited, a wholly-owned division of Liberty Holdings Limited, yesterday announced the acquisition of a 25% undivided share in the yield producing assets of the Melrose Arch Precinct, from Melrose Arch Investment Holdings (“MAIH”). read more
Global fashion brand, Scotch and Soda, opens in Sandton City

Global fashion brand, Scotch and Soda, opens in Sandton City

03/03/2014 - 15:07
Amsterdam-based fashion brand, Scotch and Soda is the latest global store to choose Sandton City to launch its African growth trajectory.  read more
 Zambia concerned with the trade barriers South Africa has imposed on its products

Zambia concerned with the trade barriers South Africa has imposed on its products

28/02/2014 - 09:25
Government says it is concerned with the trade barriers South Africa has imposed on some Zambian products and has led to trade imbalances between the two countries, with earnings standing at K5.65 billion per annum. read more
Massmart financial results for the 53 weeks ended 29 December 2013

Massmart financial results for the 53 weeks ended 29 December 2013

27/02/2014 - 10:14
Massmart announced its full-year results for the 53 weeks ended 29 December 2013, reporting an increase in headline earnings of 29.9%, while operating profit grew 26%, boosted by the additional week’s sales and foreign exchange translation profit. Total sales increased 9.8% for the period, while comparable sales grew by 3.8%. read more
Shoprite’s R4 million e-toll bill

Shoprite’s R4 million e-toll bill

26/02/2014 - 10:28
South African retailer Shoprite says that the direct e-toll cost for its own fleet is R4 million, which will raise the price of food for the Gauteng consumer. read more