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South Africa

RCL Foods Reports on Performance Headlines, Financial Highlights and Prospects

RCL FOODS has reported that headline earnings for the six months ended December 2018 decreased by 26.3% to R475,1 million (December 2017: R644,7 million). The decline was largely a result of significant challenges within the Sugar and Chicken categories due to dumped imports which resulted in oversupply and lower realised prices. …

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H&M New Store Openings Confirm Commitment to SA Economy & Ongoing Sustainability

Despite a subdued outlook for the South African retail sector in 2019, global fashion retailer H&M has firmly underlined its ongoing commitment to the local retail market with the announcement of three new store openings, this along with several local partnerships placing strong emphasis on the brand’s ongoing sustainability work. …

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Nielsen: Women Wield the Bulk of South African Spending Power

The purchasing power of South Africa’s 18-millionfemale consumers is undeniable given that 71% of them are responsible for grocery shopping, while 60% are the primary purchaser within South African households making them a force to be reckoned with, in the local retail sector. It’s clear that this influence will only …

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Barloworld Announces New Group Structure

On 27 February 2019, Barloworld Group announced a strategic decision to merge its automotive and logistics divisions, a move that will leverage the assets and capabilities of the two divisions. The new change brings about the opportunity to strengthen the group’s core capabilities while optimising its existing portfolio to ensure …

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Massmart Recognises Nestlé For Industry-leading Commitment To Environmental Sustainability

Massmart is pleased to announce that Nestlé was today awarded top honours at the Massmart Supplier Environmental Awards. Now in their fifth year, the awards recognise top performing suppliers who have demonstrated an industry leading commitment to sustainable supply chain management. Massmart Sustainability Executive Alexander Haw says “Nestlé’s Zero Water …

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RFG Turnover Up 8% with Strong Regional Long Life Sales

RFG increased turnover by 8.0% for the first five months of the 2019 financial year. Turnover in the regional segment, which includes South Africa and the rest of Africa, rose by 8.2% despite the continued challenging trading environment. International turnover increased by 6.7% as export volumes grew by 4.5%. CEO …

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Shoprite Shakes up Zambia’s Retail Sector with World-Class Store

The Shoprite Group is set to change the face of retail in Zambia with the opening of the new world-class store in the Woodlands/Kabulonga area. The new-look Shoprite Kabulonga promises an unrivalled retail experience. In addition to the new look, customers are being offered the best quality products at the …

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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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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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