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Staff Reporter

Clover: Strategic Actions Deliver Volume Growth which Underpins Steady Half Year Performance

Group revenue increased by 4.1% to R4,4 billion (up 7.3% excluding the impact of IFRS 15) Sales volumes grew 5,6% and selling prices increased 3.1% Sugar taxes and sharp increase in fuel impacted profitability Significant investment in marketing and selling campaigns, research and development and expanding the sales force Headline …

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Modern Retailers Are Meeting Multichannel Consumer Demands

As more consumers embrace multichannel shopping, retailers are diversifying their investments online and offline to meet customers’ needs, according to the annual State of Retailing Online study released today by the National Retail Federation and Forrester. “Retailers are evolving with customers’ shopping behaviors by creating a seamless shopping experience online …

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Vivo Energy Completes Engen Transaction Adding 230 Service stations in Eight African Countries

Vivo Energy plc is pleased to announce the completion of the transaction with Engen Holdings (Pty) Limited, previously announced on 18 September 2018. The transaction adds operations in eight new countries and 230 Engen-branded service stations to Vivo Energy’s network, taking its total presence to over 2,000 service stations, across …

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Nielsen Launches its 2019 Changing Consumer Prosperity Report

Nielsen has launched its 2019 Changing Consumer Prosperity Report which highlights how global consumers think and feel about their financial situation and reveals that when it comes to feeling prosperous, mindset matters more than income. Executive Director, Thought Leadership Nielsen Global Markets Ailsa Wingfield comments; “What we found is that …

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Shoprite Group Builds Up Strength in Tough Year

2018 was a transformational year for the Group, whose interim results were affected by a number of factors. While the first half performance is below expectations it is not a reflection of the fundamental strength of the business. The decline in headline earnings per share for the six months ending …

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Verigreen has been Awarded a Multi-million Rand Contract to Supply Products under Shoprite Group’s Ritebrand and Housebrand Labels

Plastic manufacturing and recycling company, Verigreen, has been awarded a multi-million rand contract to supply 25 different products under the Shoprite Group’s Ritebrand and Housebrand labels. Owned by husband and wife team Mike and Thina Maziya and established in 2001, Verigreen has been manufacturing a range of drawstring refuse bags …

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Woolworths, Sustainability Institute and Spier Launch Community Learning Farm

Woolworths has joined hands with its supplier, Spier wine farm; the Sustainability Institute and its AgroEcology Academy to launch the Living Soils Community Learning Farm, in the Lynedoch valley of the Stellenbosch Winelands. The partners have agreed to a three-year pilot project that aims to establish a learning farm that …

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Zambeef Products has been Recognised by the LuSE for its Excellence in Corporate Governance

Zambeef Products has been recognised by the Lusaka Securities Exchange (LuSE) for its excellence in corporate governance. The company walked away with four awards at the recent LuSE Corporate Governance Awards, scooping first prize for the Corporate Governance Award and the Best Annual Report Award, and being named as first …

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Edcon Concludes Recapitalisation Deal

Following various announcements made by Edcon over recent months in relation to the recapitalisation of the business, the Group has advanced the process sufficiently to provide a further update to all stakeholders. The Board of Edcon is pleased to announce that binding agreements have been concluded amongst, Edcon Limited’s existing …

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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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