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Massmart Reports 2.9% Total Sales Growth in Tough Economic Environment

Massmart has reported annual results for the 52 weeks ended 30 December 2018 against the back-drop of a difficult economic environment, characterised by low GDP and wage growth, and constrained consumer confidence. Notwithstandingthe difficult environment Massmart maintained strong market share across durable goods categories including; small and large domestic appliances, …

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Shoprite Lesotho Cross-Border Remittance Product Achieves R1 Billion Mark

The Shoprite cross-border money remittance product reached the R1 billion mark in January, after just three years of it being implemented between SA and Lesotho. The cost of a transfer of R900 is 2%, which is one of the cheapest cross-border products in the world. A remittance is when a …

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New Age Retail Furniture Brand – OK Power Express

OK Power Express is a new-age retail furniture brand that focuses on price sensitive consumers. In small-format stores, it specializes in selling a selected range of appliances, home entertainment and cellphones as well as base sets, bedding and carpeting. The brand offers financing options to its customers. OK Power Express …

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ZAMBEEF Chaisa and Ndola City Centre Macros Cheer Customers

Zambeef Products has continued to build up on the momentum of its macro rollout with shoppers in Chaisa hailing the company’s return to the area and those in Ndola excited about the new Ndola City Centre Macro. “Zambeef macros are built and centred around the community – as are all …

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Lulu Group Plans to Invest $500mln in Egypt Over The Coming Two Years

UAE based leading retail company LuLu Group is planning to invest USD 500 mn in Egypt over the next two years to expand its local operations, according to a statement issued in Cairo. The company intends to build four new Hypermarkets in 6 October City, New Cairo, and Obour, Group …

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Kenya: End of an Era As Iconic Retailer Ebrahim Supermarket Shuts

One of Kenya’s oldest retailers, Ebrahim Supermarket, has closed down its Moi Avenue branch in a move that ends its 75-year run in Nairobi. The retailer sold all of its stock on discounted prices throughout last week in a massive clear-out that ended on Saturday, marking its last day of …

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Zimbabwe: Stanbic Funds Lusaka Mall

Banking group, Stanbic Bank Zambia, has signed a multi-million dollar loan facility with Vertigo Properties for the completion of a shopping complex — Pinnacle Mall in Lusaka. The 10 000-square metre shopping mall is expected to be opened by end of March this year, which will make it the second …

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Game Boosts Education in Accra

Today marks the official opening of two new Game stores in Accra by popular retail chain; one in West Hills Mall and one in Achimota Retail Centre. The Game store in Accra Mall has undergone a major facelift and is also relaunching today. Since Game’s debut into Ghana in 2007, …

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Almost 100 New Employees Welcomed at Shoprite Alberton North

With the opening of its new store in the Alberton North Shopping Centre in Gauteng, Shoprite created 95 new jobs. The store’s total staff complement is 110, which includes 102 youth (between the ages of 18 and 35) and 80 women. Shoprite Alberton North offers customers a convenient shopping experience …

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