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SOUTHERN AFRICA NEWS ON FASTMOVING

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Choppies supermarket forecasts good returns from deflated Zimbabwe

Choppies supermarket forecasts good returns from deflated Zimbabwe

23/04/2014 - 11:54
Choppies Enterprises Limited has stated that although Zimbabwe is undergoing deflation, the company’s business prospects in the country will not be affected read more
Hangala Group sets sights on new commercial and retail investment, Namibia

Hangala Group sets sights on new commercial and retail investment, Namibia

23/04/2014 - 11:29
With a mixed residential property valued at approximately N$60 million, the Hangala Group has set its sights on Otavi. The property will consist of general residential erven, a retail centre, a private hospital, a filling station, business and light industrial parks in conjunction with the Namibia Development Corporation, aimed at housing carpenters, plumbers and electricians, to mention but a few. read more
Namibian canned fish brand to fully penetrate market

Namibian canned fish brand to fully penetrate market

16/04/2014 - 11:12
Efuta has made significant strides, notching 36 months of shelf life, a first for a truly Namibian horse mackerel canned product. Efuta was presented to members of parliament ahead of the Ministry of Fisheries and Marine Resources budget submission at the Parliament Gardens earlier this month. read more
SABMiller’s Okahandja brewery due to open in mod-2014, Namibia

SABMiller’s Okahandja brewery due to open in mod-2014, Namibia

16/04/2014 - 10:52
Scheduled to start operating in the middle of the year, SABMiller’s 260,000 hectolitre (hL) will rank amongst the 30 best breweries owned and operated by SABMiller and will be the fifth best brewery in terms of water usage, making it one of the most technologically efficient brewing plants on the continent. read more
SABMiller's Zim unit hit by slower spend

SABMiller's Zim unit hit by slower spend

14/04/2014 - 07:35
Harare - Delta Corporation, the Zimbabwe-based unit of SABMiller [JSE:SAB], will report an 18% decline in full-year 2014 lager beer volumes, the company has said.  read more
Bottler sugar duty suspended, Zim

Bottler sugar duty suspended, Zim

10/04/2014 - 10:52
HARARE - Government has suspended duty on bottler grade sugar for six months, according to the latest Government Gazette. read more
Zim government considers BBM licensing

Zim government considers BBM licensing

10/04/2014 - 10:43
HARARE - Zimbabwe is considering licensing BlackBerry Messenger (BBM) service, which at the moment is barred by State regulation, an Information ministry official said.  read more
Botswana-Zimbabwe trade shrinks

Botswana-Zimbabwe trade shrinks

08/04/2014 - 09:24
Contrary to the expectations of the Bilateral Investment Promotion and Protection (BIPPA), an agreement that was set to unlock investment and trade windows between Zimbabwe and Botswana, data released by Statistics Botswana indicates that trade between the two countries continue to decrease. read more
Jet in depressed performance, Zimbabwe

Jet in depressed performance, Zimbabwe

08/04/2014 - 09:03
HARARE - Edgars Stores Limited (Edgars)’ South African-themed Jet stores performed below expectation as the unit’s profit slumped 40 percent to $522 527 in the 52 weeks to January 4, 2014 from $869 224 recorded in prior comparable period. read more
Exporting companies buckle under pressure, Zimbabwe

Exporting companies buckle under pressure, Zimbabwe

08/04/2014 - 08:38
HARARE - More than half of Zimbabwe’s exporting companies are facing stiff competition from Chinese and South African firms. read more
Namibia's GDP slows to 4.4%

Namibia's GDP slows to 4.4%

07/04/2014 - 10:01
Namibia’s GDP growth is estimated to have decelerated to 4.4 % in 2013, preliminary data released by the Namibia Statistics Agency (NSA) showed this week. read more
Meatco revises its strategy: unexpected increase in cattle numbers

Meatco revises its strategy: unexpected increase in cattle numbers

07/04/2014 - 09:07
Following a decision to lay off seasonal workers in July 2013 because of a decline in cattle numbers marketed, Meatco has opted to revise the decision following an uptake in the number of cattle marketed.  read more
Dairibord in plant closure, Zimbabwe

Dairibord in plant closure, Zimbabwe

03/04/2014 - 15:03
HARARE - Listed Dairibord Holdings Limited (Dairibord) plans to shut down its Gweru plant as part of strategies to contain costs and rationalise operations. read more
Millers, bakers at loggerheads, Zimbabwe

Millers, bakers at loggerheads, Zimbabwe

03/04/2014 - 14:46
HARARE - Millers and bakers are at loggerheads following the expiry of a memorandum of understanding (MoU) signed by both parties, compelling the latter to acquire 75 percent of their flour locally. read more
Botswana slips in trade logistics’ rankings

Botswana slips in trade logistics’ rankings

01/04/2014 - 09:15
The only sector that Botswana scored below hundred is in the logistics quality and competence in which it is ranked 99 out of 160 countries. In customs Botswana is ranked 112, infrastructure 125, internal shipment 129, tracking and tracing 127 and timeliness 103.  read more
Stanchart sees potential in Choppies growth

Stanchart sees potential in Choppies growth

28/03/2014 - 15:21
Standard Chartered Private Equity (SCPE), the investing arm of Standard Chartered Bank, has stated that it intends to hold its Choppies 13 percent stake, acquired early this year for at least four years. SCPE said it would then review whether to continue investing in the retailer or not.  read more
Local market drives Namibia Breweries profit

Local market drives Namibia Breweries profit

27/03/2014 - 11:52
The local market drove Namibia Breweries Limited (NBL) profit after tax to reach N$170 million in the six months ended 31 December 2013 compared to N$121 million in the same period in 2012. Profit before tax was N$235 million compared to N$181 million for the same period in 2012. read more
Namibia third on retail market index

Namibia third on retail market index

26/03/2014 - 11:58
Namibia was ranked third among 10 countries in a new study designed to help large, organised retailers determine where and how to best enter sub-Saharan Africa’s rapidly growing retail market. read more
NBL headline earnings expected to rise

NBL headline earnings expected to rise

24/03/2014 - 09:45
Namibia Breweries Limited (NBL) said yesterday that it anticipates earnings per share and headline earnings per share for the period ended 31 December 2013 to be higher by between 37% and 41% and between 17% and 20%, respectively from those of the comparative period the previous year.  read more
Namibia's O&L Group shares business insights for 2014

Namibia's O&L Group shares business insights for 2014

19/03/2014 - 13:43
Sven Thieme, Executive Chairman of the Ohlthaver & List Group of Companies expressed his optimism at 2014 and was excited about what the year had to offer.  read more
Auas Valley construction pains hint at smarter retail complex

Auas Valley construction pains hint at smarter retail complex

14/03/2014 - 10:48
The first phase of the upgrade and extension work at the Auas Valley centre, Agra’s largest property, is in full swing. Work inside the Auas Valley Shopping Mall has commenced where major changes are made to upgrade and enlarge the retail area.  read more
Agra’s meat auction prices impress, Namibia

Agra’s meat auction prices impress, Namibia

14/03/2014 - 10:20
Agra’s auction facility in Grootfontein was a beautiful picture on 15 January when Agra livestock hosted their first large stock auction for the year in this town and the pens were filled with cattle.  read more
Construction on 77 On Independence retail complex to begin in 2014, Namibia

Construction on 77 On Independence retail complex to begin in 2014, Namibia

12/03/2014 - 09:24
The Ohlthaver & List Group announced earlier last month that construction of ‘77 on Independence’ will start during the second quarter of 2014. This new CBD development in Windhoek is a joint venture between Ohlthaver & List Group of Companies and Howard Chamberlain Architects. read more
Construction sector to drive Namibian growth in 2014

Construction sector to drive Namibian growth in 2014

12/03/2014 - 08:47
Prospects for growth are higher on account of a construction boom, an IPPR overview of expected economic performance, released earlier last month, stated.  read more
Brewery goes big on solar, Namibia

Brewery goes big on solar, Namibia

10/03/2014 - 10:54
“What better way to do this than to start harnessing free energy? We are a country in which the sun shines an average of 300 days per year and even on rainy days we usually have sun in the morning this energy is not only for free but also environmentally friendly and it is time to start using it on a big scale,” said the Deputy Director of Renewable Energy in the Ministry of Mines and Energy, Noddy Hipangelwa, when he officially inaugurates the largest rooftop solar installation in Africa. read more
Meatco expands micro-feedlot procurement strategy, Namibia

Meatco expands micro-feedlot procurement strategy, Namibia

11/02/2014 - 07:30
Meatco announced that it has implemented a dynamic new Livestock Procurement approach that will include adopting a stronger policy of backwards integration and taking a more aggressive role in the different ways the corporation buys cattle. The meat producer said it will shift value adding further to the start of the cattle production chain and will be to the benefit of producers.  read more
Green Cross makes in-roads into Southern Africa

Green Cross makes in-roads into Southern Africa

29/11/2011 - 10:26
Green Cross is making consistent in-roads into neighbouring countries through well placed export orders. read more