Rhodes Food Group Holdings (RFG) reported an improving performance for the six months to March 2019 as turnover increased by 9.3% to R2.7 billion and operating profit by 6% to R173 million. Headline earnings recovered to increase by 2.1% to R84 million. The Western Cape-based food producer, which owns market-leading brands Rhodes, Bull Brand, Magpie,
South Africa’s leading online retailer takealot.com has launched over 25 highly anticipated collection facilities across the country. Its flagship Takealot Pickup Point at the New Road off-ramp in Midrand spans the N1 highway, the busiest highway in Africa, allowing motorists travelling in both directions to easily collect their online orders. The newly renovated, 1 177
Woolworths Proprietary Limited, a leading South African retail chain, has successfully implemented Centric Software’s Product Lifecycle Management (PLM) solution. Centric Software provides the most innovative enterprise solutions to fashion, retail, footwear, outdoor, luxury and consumer goods companies to achieve strategic and operational digital transformation goals. Woolworths South Africa, part of Woolworths Holdings Limited, is a
The Commission has recommended to Competition Tribunal (Tribunal) that the proposed acquisition of WeBuyCars (Pty) Ltd (WeBuyCars) by MIH eCommerce Holdings (Pty) Ltd (MIH eCommerce), an entity of the Naspers Group, be prohibited. MIH eCommerce wishes to acquire 60% of WeBuyCars. MIH eCommerce is mainly an investment holding company and does not itself supply any
SPAR Zimbabwe is excited to announce the launch of its new SPAR Online Shop – becoming the first major supermarket in the country to offer such a service. Online shopping, particularly for grocery and food items, is a relatively new concept in Zimbabwe, with much of the population having no or limited access to the
Dis-Chem results for the 12 months ended 28 February 2019 Highlights • Group revenue up 10% to R21.4 billion • Headline earnings up 7.4% Midrand, 16 May 2019 – Despite a tough economic environment and prolonged industrial action, which affected almost a third of the financial year, Dis-Chem reported positive results with improved market share
The Coca-Cola Company has announced that it will maintain its majority stake in Coca-Cola Beverages Africa for the foreseeable future. With the change, Coca-Cola will begin presenting the financial statements of CCBA within its results from continuing operations in the second quarter of 2019, in accordance with U.S. accounting standards. CCBA has been accounted for
Rhodes Food Group is a producer of fresh, frozen and long life convenience meal solutions for customers and consumers across South Africa, sub-Saharan Africa and in major global markets. The portfolio of market leading brands, which includes Rhodes, Bull Brand, Magpie, Squish, Bisto, Hinds and Pakco, is complemented by private label product ranges packed for
The home of the ‘’original glazed doughnut’’ is coming to Cape Town! Krispy Kreme Doughnuts, an iconic brand in existence since 1937 will be opening their first Cape Town store towards the end of 2019. Krispy Kreme’s ‘’hot original glazed doughnut’ will be available at a soon to be announced flagship location in the heart
Mr Price Group has been approved for a secondary listing on A2X Markets and its shares will be available for trade on A2X from 2 May 2019. Mr Price retains its listings on the JSE and its issued share capital will be unaffected by its secondary listing on A2X. There is no cost, risk, or
MiX Telematics a leading global provider of fleet and mobile asset management solutions, has announced that one of Southern Africa’s largest fast moving consumer goods (FMCG) retailers are expanding its adoption of MiX’s solutions. The SPAR Group has been a long-standing customer of MiX Telematics, with a few hundred vehicles under subscription. The Group owns
Cape Town-based redPanda Software and PCMS, one of the world’s leading point-of-sale software companies, have announced the extension of their partnership by adding sales and implementation to redPanda Software’s existing development role. “PCMS is on an ambitious growth path for 2019, including a much stronger focus on building our client base outside Europe and the
Health conscious consumers are increasingly turning to supermarkets and local convenience stores to meet their day-to-day health needs. Tapping into this growing market is the pioneering new concept, SPAR Natural, which breaks new ground in the area of Health & Wellness, offering a holistic approach to customers seeking better healthcare. SPAR Natural provides health and
In the last 25 years, Zambeef Products Plc has grown from a humble butchery business to one of Zambia’s biggest success stories, with more than 206 shops and 7,500 employees. A big part of that achievement has been thanks to the company’s ability to raise finance on the stock market to invest and grow its
South Africa’s largest private sector employer, the Shoprite Group, created 409 new jobs with the opening of 16 new stores across five provinces in South Africa during the second half of April 2019. This brings the Group’s total number of employees to more than 147 200 and this trend is set to continue with more
After a six month trial in four of its Western Cape stores, including the launch of their first plastic bag free store, Woolworths confirms that it will be rolling out its new low-cost, reusable bag to more stores across the country as well as announcing three more ‘plastic shopping bag free’ stores. During the trial,
The Commission has taken a decision to recommend to the Competition Tribunal (Tribunal) that the proposed acquisition of Edgars Consolidated Stores Limited (ECSL) by New HoldCo (New HoldCo) be approved subject to conditions. The Commission found that the proposed transaction was unlikely to result in a substantial prevention or lessening of competition in the relevant
Game stores announced the opening of its 122nd store in South Africa, in Springs Mall, Gauteng. Game is a renowned South African brand and is proud to expand its pink footprint in the community of Springs. We’re excited to offer Springs the lifestyle, grocery and electronic products at the unbeatable prices Game is renowned for.
SPAR South Africa presented their new strategy to retailers and the industry, designed to continue to deliver growth in a challenging market, focusing on independent retailers who drive the brand and on ever-changing shopper needs. Having had a solid financial year ending September 2018, the Group saw a need to focus on driving the retail
Builders has developed a new store prototype which debuts at Builders Warehouse Boksburg, Gauteng tomorrow. Dubbed The Store of The Future, this new 15 170m2 store features a technologically advanced design and a bouquet of services that simplify customer’s lives. Builders has digitised its in-store retail experience by offering free WIFI and installing 44 high
In a move to stimulate the South African economy, create employment and spearhead its technological advancements in-country, DEFY, a subsidiary of Arcelik Global, has invested >R1bn in upgrading three local production centres to serve as their strategic manufacturing hub. Fundamental to this endeavour is an investment of R130 million at the Jacobs factory located in
Pick n Pay follows a 52-week retail financial calendar, which requires the inclusion of an additional week every six years. The 2019 financial year is a 53-week period, and its results are not directly comparable with 2018. Additional pro forma financial information was provided on an equivalent 52-week basis, to assist stakeholders with their assessment
Clicks Group has reported a 13.2% increase in diluted headline earnings per share to 300.1 cents for the six months to February 2019, driven by strong health and beauty sales in an environment of low inflation, subdued economic growth and constrained consumer spending. The group increased its interim dividend by 15.1% to 118 cents per share.
Westpay, a leading provider of payment solutions, and Micros South Africa (Pty) Ltd have signed an agreement, forming a long-term partnership to bring world-class digital payment services and solutions to hospitality customers across South Africa and surrounding countries. Micros is the leading provider of Hospitality Solutions in the south African region. Within the terms of
This article was original written and published by Matt Smith via Walmart here. Over the past few months, a Walmart Neighborhood Market in Levittown, New York, has been quietly transforming. With artificial intelligence-enabled cameras, interactive displays and a massive data center, this store suggests a retail future that seems like science fiction. But this store isn’t just a
Zyda Rylands, CEO of Woolworths South Africa, together with the Department of Trade and Industry (‘the dti’) and the Gauteng Provincial Government officially opened the doors of In2food’s new 22 700m² food production facility in the OR Tambo Special Economic Zone in Johannesburg. As the largest and most diverse ultra-fresh food facility of its kind
New research from inRiver reveals 55% of shoppers research products online while in store, and this number is higher for 16-24 (nearly 70%) and 25-34 (67%) age groups. Leading product information management company, inRiver, has unveiled a research report that focuses on the generational differences in consumer shopping habits and outlines the steps brands must
EatOut, a Kenyan based eatery discovery service has partnered DineOut, Indian firm in the launch of a regional restaurant platform dubbed as InResto as they seek to tap a wider market in the regional expansion drive. According to a report by Business Daily, the partnership will see EatOut launch the Dineout’s restaurant technology platform for
Zambeef’s Kitwe Processing Plant to decentralise operations and further increase company’s efficiencies on the Copperbelt and neighbouring markets Zambeef Products’ new Kitwe Processing Plant is set to decentralise some of the food retailer’s operations and logistics from its base at Huntley Farm in Chisamba in a move to streamline operations, and improve efficiencies and economies
In a first for the retailer, Shoprite Nigeria was among the winners at this year’s Electronic Payment Incentive Scheme (EPIS) Efficiency Awards. The retailer won in the category Merchants (Point of Sale) for recording the highest volume of cashless transactions in 2018. The EPIS Efficiency Awards celebrate, among others, financial institutions and merchants driving electronic
With ubiquitous popularity on cashless payment services, AlipayHK has partnered with a plethora of merchants to engage users to harness the convenience of mobile payment. Today AlipayHK has collaborated with McDonald’s Hong Kong to steer profound digital transformation in catering industry – of which AlipayHK users can use the e-wallets to order gourmet food and
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. Sugar was particularly distressed by
Jumia, the leading pan-African e-commerce platform, today announced that Mastercard has agreed, subject to certain conditions, to become an investor and form a strategic partnership to grow e-commerce operations and support the digital transformation of the continent. Currently, e-commerce is nascent in Africa and accounts for less than 1% of total retail volumes. However, there
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 sustained value creation. The new,
In a bid to bolster its e-commerce presence further, Alibaba BABA has teamed up with Safaricom, a Kenya-based provider of voice, data, financial services and enterprise solutions. Per the deal, Safaricom’s customers will be able to make payments via the company’s mobile-money wallet, M-Pesa, while shopping on AliExpress.com, an online shopping portal of Alibaba. Further,
Africa’s largest retailer, the Shoprite Group, opened its second supermarket in Kenya on Thursday, 21 March 2019 at the Garden City Mall in Nairobi. With more than 2 700 stores in 15 African countries, the Shoprite Group’s business is built on the promise of lower prices. It is now looking to establish a firm presence
Source: www.rbrlondon.com Online card expenditure growing at double digit rates and will continue to increase significantly faster than card spending at physical outlets to account for nearly a quarter of all card expenditure by 2023 Cardholders moving away from physical outlets in search of lower prices and convenience Research from RBR analyses the role that payment
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 manufacturing facility in Mossel Bay,
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 Bruce Henderson said the regional
Tesco has removed an extensive selection of plastic wrapped fruit and veg products from two of its stores. The retailer’s latest move toward sustainable packaging will trial removing packaged fruit and veg wherever a loose alternative exists. A total of forty five packaged foods will be taken out of stores in Watford and Swindon. Customers
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 earnings up 5% to R236
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 23 African markets. The new
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 December 2018 must be viewed
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 since 2012 and has expanded
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 demonstrates ecologically-restorative methods to grow
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 runners up for the Sustainability
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 secured lenders, the Public Investment
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, hi-tech and most DIY and
Spur Corporation reported a competitive performance for the six months to December 2018 as increasing demands on disposable income and declining confidence impacted the group’s middle-income customer base. Total franchised restaurant sales across the local and international operations increased by 4.8% to R3.9 billion. Comparable profit before tax, excluding exceptional and one-off items, increased by
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 person sends money, usually small
