Pick n Pay’s turnaround is taking shape as the retailer reports a year of recovery after solving its debt challenges and driving a like for like sales recovery in its core Pick n Pay supermarkets. “There are no surprises in this result, we are meeting the guidance that we have given every 6 months, making
South Africa’s retail sector is entering a pivotal phase. After several quarters of mixed signals — sluggish growth, cost pressures, and store closures — the latest developments point to a market regaining its stride. But this is not a simple rebound story. Beneath the topline growth, we see deep structural shifts reshaping how retailers operate,
RFG Holdings reported a strong recovery in sales volumes in its regional business for the six months to March 2025, increasing revenue by 7.6% despite continued pressure on consumer spending in the domestic market. Group revenue increased by 3.5% to R4.0 billion, tempered by the weaker performance of the international business owing to subdued global
The Democratic Alliance (DA) has written to the Chairperson of the Standing Committee on Finance, Dr Joseph Maswanganyi, to request an urgent hearing on the financial and ethical crisis at Daybreak Foods. This follows shocking reports that two directors of Daybreak Foods received six-figure payments while workers went unpaid, chickens were left to starve, and
The African Development Bank Group has approved a Zambian Kwacha-denominated Risk Sharing Credit Guarantee to support Zambeef Products Plc’s $100 million expansion programme across its core operations in Zambia. This guarantee is one of many innovative ways in which the Bank provides local currency to its borrowers, while also promoting collaboration with local commercial financial
Coca-Cola Beverages Africa Proprietary Limited (CCBA) (www.CCBAGroup.com), through its subsidiary Coca-Cola Beverages Malawi Limited (CCBM), has invested USD14.9 million in a new state-of-the art production line in Lilongwe. This investment marks a significant advancement in CCBM’s production capacity, allowing it to produce bottled water and beverages bearing Coca-Cola’s trademarks as well as the iconic local
This article was originally published here. In a bold but controversial pivot, Kenyan agritech company Twiga Foods has acquired majority stakes in three local distributors — Jumra, Sojpar, and Raisons — as it accelerates its transition from a farm-fresh produce supplier into a full-service fast-moving consumer goods (FMCG) platform. While the move signals Twiga’s ambition to cement its place
Receive Regular news of the latest in African Retail straight to your inbox.
