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Consumers are Showing a Strong Appetite to Save, According to FNB

FNB has revealed that South African consumers are showing strong appetite to save after its customers initiated nearly 20 000 savings goals in just a few days since the launch of the Savings Goals feature on the Bank’s App. To date, some of the top Savings Goals that have been …

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JDA Powers Walmart’s New Scheduling System

JDA Software, Inc. has announced that it has successfully worked with Walmart in the development and rollout of the retailer’s new advanced scheduling system, supported by JDA® Workforce Management. The rollout of Walmart’s new scheduling system has been deployed to more than 1.1 million of its associates across approximately 4,600 …

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Footgear Acquisition of Edgars Active and High Key from Edcon Group

Footgear – backed by Old Mutual Private Equity (OMPE), has announced that it has acquired the Edgars Active and High Key chain stores, divisions of the Edcon Group, and leading retailers of branded sport and lifestyle footwear, clothing and accessories. The transaction remains subject to conditions precedent, including regulatory approvals. …

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Investec Asset Management Acquires Control of One of Egypt’s Leading Grocery Retailers

Investec Asset Management (‘IAM’) has completed its first private equity investment in Egypt, by acquiring control of Spinneys Egypt (‘Spinneys’), a rapidly growing supermarket chain in Egypt. This marks the eighth investment from IAM’s second pan-African private equity fund. The business is one of the leading grocery retail players in …

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Game Expands Further into Africa by Opening Walvis Bay Store

Game Stores Africa opened their 4th store in Namibia. The prominent brand is proud to open their 149th store in Walvis Bay on 27 June 2019. The iconic pink brand brings all the electronics, lifestyle, and essential products at the unbeatable prices Game is renowned for to the community of …

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Nielsen Releases Fresh Data on SA Shoppers Attitudes Towards Price & Promotions

• 30% of the total volume of products were sold at a discounted price in 2018 • 66% of promotions don’t break-even South Africa is home to a nation of promotion obsessed shoppers. This insight stems from a newly released Nielsen report The Price of Promoting, which shows that 75% …

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Tsogo Sun Appoints Two New General Managers

Two of Tsogo Sun’s flagship Western Cape hotels – Southern Sun The Cullinan and Southern Sun Waterfront Cape Town recently announced the appointment of two new General Managers. Jacques Moolman has taken over as General Manager at The Cullinan while Johann Nortjè has been appointed as General Manager at Southern …

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Naspers Appoints Phuthi Mahanyele-Dabengwa as CEO, South Africa

Naspers creates new executive position to lead Naspers’ activities in South Africa Phuthi Mahanyele-Dabengwa to join the Naspers management team as CEO, South Africa Responsibilities include leadership of Naspers’ flagship South African units, Naspers Foundry and Naspers Labs Naspers announces the appointment of Phuthi Mahanyele-Dabengwa to the global Naspers management …

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Technology Innovator, Argility, Applauds its Twenty One Year Journey with Retail Giant

The Technology Innovator Applauds its Twenty One Year Journey with Retail Giant Argility – a member of the Argility Technology Group has revealed details of its twenty-one year journey with the Shoprite Furniture Group, trading under the brands of OK Furniture, House & Home and OK Power Express. In 1998 …

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