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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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Spur and The Hussar Grill Perform Well in Slowing Economy

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 …

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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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Network International’s Multi-Million Dollar Online Payment Gateway to Support MEA’s Growing E-commerce Sector

Network International, a leading payment solutions provider in the Middle East and Africa (MEA), aims to boost e-commerce acceptance in the region with the launch of a new, multi-million dollar online payment gateway. The gateway is part of Network International’s N-Genius payment platform and has commenced rollout to UAE-based ecommerce …

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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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New HR Head for Shoprite: A Catalyst for Change

Zakhele Sibiya, the Shoprite Group’s new head of human resources, has a clear understanding of what the future holds for South Africa’s largest private employer. Change is inevitable. The Group’s current leadership has a fresh approach to the business and as such we’re in a process of transformation. It gives …

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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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Massmart Launches Sixth Solar Plant Becoming the Biggest Producer of Renewable Energy in the South African Retail Sector

Makro Strubens Valley in Gauteng became the sixth Massmart store to make use of renewable energy. The store has a 480 kilowatt (kWh) peak plant that consists of 1476 car park-mounted polycrystalline PV panels. The plant provides nearly half of the stores daily energy requirements and is estimated to provide …

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