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SPUR Corporation First Half Profit Up 20%

Spur Corporation today reported an increase of 8.4% in group revenue to R525 million as middle income consumers came under increasing financial strain in the six months to December 2019. The group’s profit before tax grew by 19.5% to R161.8 million, boosted by the recovery of an impairment provision of …

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Shoprite Group Interim Financial Results Announcement 

Key information – Sale of merchandise increased by 7.0% to R81.2 billion. – Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 5.3% to R6.8 billion. – Trading profit excluding hyperinflation increased by 7.0%. – Trading profit on a reported basis decreased by 3.9% to R4.0 billion. – Diluted …

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Succession Plan Falls into Place at Hirsch’s

Richard Hirsch who has been the Managing Director of the Hirsch’s Group for the last eight years has been announced as Chief Executive Officer of this family owned Appliance and Electronics business. He takes over the reins from his father, Allan, who has moved into the position of joint Chairman …

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South African Retail Spending Grew 3.8 Percent This Festive Season

Mastercard SpendingPulse shows a significant increase in retail spending in December 2017 as consumers benefit from a stronger Rand and lower inflation Mastercard SpendingPulse reports that South African consumer spending showed a healthy improvement over the festive season, with retail sales volumes rising 3.8 percent year-on-year after removing the effects …

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Choosing the Right Partner for your Retail Technology Journey

Insights from Gareth Hawkey CEO, redPanda Group Although the local economy is creating a tough operating environment for South African retailers, technology is providing near infinite opportunities for savvy retailers to drive sales and bottom line growth. From seamless online shop fronts to digitally enabled payment systems, the right technology …

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Innervation Pan African Payment Solutions scales retail offering with Loyalty Box acquisition

Innervation Pan African Payment Solutions (Innervation) has announced the acquisition of an African loyalty business, The Loyalty Box from Tritech Media. Innervation forms part of Crossfin Transactional Solutions (CTS), South Africa’s largest independent payments and merchant acquiring solutions platform. Under the terms of the deal, Innervation has acquired The Loyalty …

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SPAR Zimbabwe Expands Store Portfolio in 2019

SPAR Zimbabwe had a busy year in 2019, with the opening of a total of five new stores in the country, incorporating a wider range of ready-to-eat solutions in several of the sites and increasing product range to suit local market needs across their retail estate. The company owned stores …

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Massmart Supplier Development Partner Secures Walmart Export Deal

Massmart is proud to announce that Glenart, a local Christmas cracker manufacturing company and partner on the Massmart Supplier Development Programme, is the first local supplier to be listed with Walmart US on a new export programme. A landmark agreement that will see the company directly supplying their innovative confetti-popping …

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Sale of CNA to Astoria Investments LTD

The Edcon Group announces the sale of CNA to a consortium, majority owned by JSE listed Astoria Investments Ltd, and led by Jan van Niekerk. This transaction is aligned to Edcon’s broader strategy which is to focus on its core business through the realignment of its retail brands and operations. …

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Woodlands Dairy First to Use Closure Made from Bio-Based Material

First Choice Fresh Extended Shelf Life (ESL) milk, manufactured by Woodlands Dairy, one of the largest producers in South Africa, has launched its new biobased fresh milk ESL pack. Sporting a new look and feel, incorporating the biobased messaging as well as a new green biobased closure, this is yet …

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