Frasers Group plc has announced the successful completion of its acquisition of Holdsport, finalizing a deal initially publicized on November 26, 2024. The transaction was concluded after meeting all necessary regulatory requirements. Holdsport, a prominent South African retailer known for its specialty in sports and outdoor goods, operates through its well-established Sportsmans (NASDAQ:SPWH) Warehouse and
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
While the economic landscape has been anything but stable, with international trade tensions and the national budget fallout spooking the market before rebounding when the VAT increase was later withdrawn, the retail sector is showing remarkable resilience, says Ecentric Payment Systems’ Rory Bosman, adding that many retailers proved at the end of last year that
Blind SA, a leading nonprofit organisation dedicated to advocating for accessibility and inclusion, has been working closely with Checkers to optimise the online shopping experience on the Sixty60 app for blind and partially sighted users. Following the launch of the new Checkers Sixty60 app in October 2024, various representatives of Blind SA – including Christo
The summit showcases the latest advancements and cutting-edge solutions shaping the future of payments, with the awards spotlighting companies that successfully integrate these innovations in collaboration with Absa. Presented for the first time this year, the Retail Powerhouse Award honours large retailers leading the way in payment technology across consumer and commercial services. This prestigious
South Africa’s leading online retailer, Takealot, is proud to announce the expansion of its on-demand delivery service, TakealotNOW, to greater Cape Town areas. This expansion aims to provide even more customers with the convenience of ordering hundreds of Takealot products, delivered in minutes. TakealotNOW, available on the Mr D app, offers a vast selection of
In an exciting development for the South African retail landscape – Takealot, the country’s leading online retailer – is poised to transform the digital shopping experience with the launch of TakealotMORE. This groundbreaking subscription service offers millions of South Africans exclusive monthly benefits to eliminate delivery costs and enhance shopping convenience. TakealotMORE emerges as customer demand grows
Nasdaq- and JSE-listed Lesaka Technologies reported a record performance in its consumer division helped it keep to its guidance for its third quarter, and it’s confident enough to expect a profit next year as well. Lesaka, which has been growing rapidly since rebranding from Net UEPS in 2022, reported its loss jumped to R404 million
This article was originally published here. Cross Switch, a leading provider of innovative payment solutions, has reached a significant milestone by securing its own Third-Party Payment Processor (TPPP) licence. The TPPP, issued by the Payments Association of South Africa (PASA) and sponsored by Absa, is a regulatory status that strengthens Cross Switch’s position in the
This article was originally published here. Innovative payment solution TANGO is set to revolutionise the modern payment environment in the South African retail space, reports MoData. Darren Turnbull, CEO of MoData, says: “At major industry events we attend, such as the 2025 Absa Commercial Payments Summit and BankservAfrica Payments Conference 2025, we see a growing
Clicks Group today reported a 13.2% increase in diluted headline earnings per share for the six months to February 2025, driven by market share gains in core health and beauty categories, stronger private label performance and improved margins. Group turnover increased by 6.2% to R23.2 billion, with retail turnover up 6.4% and distribution turnover growing
Massmart’s Makro is set to open its 23rd store on the 23rd of April, this time in Gonubie, East London. This is the first time Makro is opening a new store since 2019, and this expansion brings the retailer’s signature value, selection, and convenience to a thriving local business hub known for its family-friendly atmosphere
The Cape Town-based coffee chain will roll out fully staffed concession stores across selected sites within the convenience chain in South Africa. Vida e Caffè has unveiled a new partnership to open cafès within SPAR convenience stores in South Africa. Founded in Cape Town in 2001, Vida e Caffè is South Africa’s largest branded coffee
Fuel retail is experiencing a massive evolution: Here’s how to maximise new opportunities By Karen Keylock For a variety of reasons, the fuel retail sector has been in decline for several years, which is expected to continue. The long-term expectation is a 9.2% decline in global value to $79 billion in 2030, driven by efficiency improvements,
A report commissioned by the Shoprite Group reveals the critical need for targeted support for female entrepreneurs and improved access to markets and resources in underrepresented regions of South Africa’s Small, Medium, and Micro Enterprise (SMME) sector. World Wide Worx conducted the research via a survey, which gathered insights from 800 SMME owners nationwide. It
Pick n Pay opened a new supermarket at Westown Square, a mixed-use development in Shongweni, KwaZulu-Natal. A Pick n Pay Clothing and Liquor store will also open in the centre. The new store introduces key features that Pick n Pay is incorporating into its refreshed store format, aimed at enhancing the customer experience. These include
Retailability Limited, a private owned retail group that specialises in affordable apparel and lifestyle products has entered into a transaction agreement with Pepkor who are seeking to expand their market share in adult wear. The transaction includes 462 stores that operate across South Africa, Botswana, Lesotho, Namibia and Eswatini. “This is a great deal for
Small-scale farmers from more than 60 community food gardens across Southern Africa will have a unique opportunity to sell their fresh, organically grown produce directly to customers at selected Shoprite and Checkers supermarkets at the retailer’s Market Day on 3 April 2025. By providing a direct route to market, Market Day helps emerging farmers generate an income, develop critical
Lewis Group has been named Company of the Year in the prestigious News24 Business Awards 2025 which recognise excellence in corporate South Africa. The award recognises the JSE-listed company that has created strong shareholder value over the medium-term, while also excelling in performance, transforming the business landscape in South Africa through strategic leadership and innovation
The Fuel Company (TFC), a division of KAL Group, has rebranded to PEG Retail Operations (PEG), consolidating its fuel and convenience businesses under a single brand identity. The transition strengthens PEG’s market position, aligns its operations, and creates a more integrated supplier and partner collaboration platform. PEG Managing Director, Xolisa Bangazi, said the rebrand enhances
Modern retail is dependent on technology to deliver the type of frictionless experience consumers demand and employees need. Over and above this, seamless integrations are the lifeblood of operational efficacy and efficiency in the race to win and retain market share. Peter Ludi, Managing Executive at redPanda Solutions, a leading retail software solutions partner, says
iKhokha, the fintech company dedicated to fostering growth for South African small businesses amid challenging macroeconomic conditions, hosted its first iKhokha Elevate event in Durban on Wednesday, 12 March. The event, which saw hundreds of merchants attending in person and thousands more joining online, centered around discussing the challenges and successes of small businesses. It
Vector Express – a new offering from Vector Logistics – is enabling the channel to market for servicing forecourts and non-major retail customers nationally across South Africa. The solutions are enabled via the implementation of a dedicated fleet of vehicles optimised for the forecourt solution. “With a network of nearly 3000 sites across the country,
AliExpress, an international online retail marketplace, announced today a significant expansion in its payment options for shoppers across Africa to elevate online shopping in the continent. This initiative follows AliExpress’ introduction of various local mobile payment methods last year, which was welcomed by consumers seeking better access to global products. Starting this March, AliExpress has
In 2025, the collective brand value of the Top 100 South African brands reached R688.6 billion, with banking, retail, and telecoms contributing over 62% of the ranking’s total brand value, as is often the case in emerging markets. This underscores the important role that the South Africa’s services sector plays in the economy and daily
Taco Bell has a plan to ignite international growth, expanding its global footprint from 1150 locations to more than 3000 restaurants outside the US by 2030. The brand plans to enter nine new countries including France, Greece and South Africa, and accelerate growth in its existing India, Australia, Spain and UK markets. The other six
POP Warehouse, a respected leader in South Africa’s retail display and logistics sector, has announced its incorporation into Provantage, one of Africa’s largest integrated media and marketing companies. This integration enhances Provantage’s retail services offering and capabilities, strengthening its ability to provide clients with a seamless end-to-end integrated point-of-purchase (POP) supply chain solution. Founded by
Two emerging black-owned enterprises have been assisted in growing their presence in the local township economy through Tiger Brands’ business support and market access initiative. Local start-up creative agencies, Bloodline and Barcode, are the recipients of a Tiger Brands Enterprise Supplier Development business support and mentorship package designed to help grow informal businesses into sustainable
Africa’s biggest bank and Africa’s biggest retailer have teamed up to offer customers Africa’s biggest grocery rewards. This comes as the Shoprite Group doubles down on transparent partnerships that offer shoppers real value. From April 2025, qualifying Standard Bank UCount Rewards members will receive the following benefits on every product, every day: The Standard Bank
FNB and Pick n Pay are proud to announce the expansion of their partnership to add more value for all their FNB and RMB Private Bank’s customers. The bank’s retail and commercial customers will all earn up to 30% of their spend back in eBucks when using Pick n Pay’s asap! on-demand delivery service, and up
Chief Executive Officer Lance Foxcroft, says, “At the year‑end, we committed to our ‘fighting‑fit’ mantra, which stood us in good stead for the review period. Our operators once again displayed their perseverance and resilience. Our stores are profitable and the franchise network is healthy. Our vertically integrated manufacturing and import businesses underpinned the retail operations’
South Africa’s status as a net exporter of food and a leading player in high-value horticultural export markets belies the fact that it has always been a water-scarce country, subject to periodic droughts and erratic rainfall patterns. A cornerstone of its success has been South African farmers’ eagerness and willingness to adopt the latest agriculture
The Clicks Group and United Pharmaceutical Distributors (UPD) have partnered with Everlectric and Investec Sustainable Solutions to introduce South Africa’s first fleet of zero-emission, pharma-compliant electric vehicles (EVs) with solar-powered refrigeration. Rolling out in Gauteng and the Western Cape, the fleet of 42 Maxus eDeliver 3 panel vans, manufactured by SAIC Maxus and supplied by
Attacq Limited (“Attacq”), the JSE-listed Real Estate Investment Trust (REIT) and strategic development partner of Waterfall City, proudly announces that its flagship retail asset, Mall of Africa, has achieved the prestigious Excellence in Design for Greater Efficiencies (EDGE) Advanced Certification. This milestone, achieved through ongoing collaboration with Nedbank Corporate and Investment Banking (Nedbank CIB), makes
KAL Group, one of South Africa’s leading agri, fuel & convenience speciality retailers listed on the JSE, has delivered a solid start to the first three months of the 2025 financial year (Q1 or this period), and, encouraged by green shoots emerging in the operating environment, is cautiously optimistic about the 2025 outlook. “Our streamlined
Kazang Insights provides analytical and predictive solutions that empower FMCG firms, wholesalers and other companies to thrive in South Africa’s informal market. Leading data analytics, insights and merchant services company, Touchsides, is rebranding as Kazang Insights and integrating into Kazang—the prepaid value-added services (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies. Integration of
UK coffee and food-to-go chain Pret A Manger will make its South Africa debut on 14 February 2025 with an outlet in Johannesburg’s up-market Melrose Arch neighbourhood. Pret, which signed a licensing agreement with private equity firm Millat Group in February 2024, said the upcoming launch marks a significant milestone in its international expansion and
By Pia Knežević, Squad Lead for Mid-Market at Infobip Rapidly evolving customer expectations are putting the logistics and transport sector under pressure to enhance customer engagement by focusing on providing real-time updates and rapid responses across multiple channels. What we have noticed is that consumers have more choices than ever before in selecting the transport
Varun Beverages Ltd (VBL) has announced an investment of Rs 412.80 crore in its South African subsidiary, The Beverage Company Proprietary Limited (Bevco). The development aligns with VBL’s strategy to strengthen its presence in international markets while bolstering its operations in India and retail globally. Bevco is engaged in manufacturing and distributing PepsiCo’s licensed products
Lesaka Technologies highlights that merchants in South Africa’s cash-driven township and rural economy remain underserved by mainstream financial services. This gap creates a significant opportunity for fintech companies to develop solutions addressing these merchants’ specific pain points, enabling them to serve their customers more efficiently and effectively. Lincoln Mali, CEO of Lesaka Technologies, emphasised this
ZURU is reshaping the South African toy retail landscape with its innovative in-store branding across major outlets such as Checkers, Toys R Us, and Toy Kingdom. This strategic move highlights ZURU’s commitment to creating visually impactful spaces within retail environments, driving shopper engagement, and enhancing the customer experience. “We are thrilled to be the first
NIQ reports that South African consumers have spent R214 billion on Fast-Moving Consumer Goods (FMCG) and Technology & Durable products in the third quarter of 2024, reflecting a year-over-year growth of 4.1%. This insight comes from the NIQ Retail Spend Barometer, sourced from GfK – an NIQ company – which tracks the turnover in sales
Pick n Pay, South Africa opens a new tab. On Monday, it reported a wider half-year loss, reflecting trading losses in its core supermarket business alongside higher borrowing costs. Still, it said its full-year performance would be stronger. The country’s third-biggest grocery retailer reported a loss before tax and capital items of 1.1 billion rand
Pargo, a South African eCommerce logistics startup, has announced its expansion into Egypt following a successful $4 million funding round. The funding round was led by 3Capital Ventures formerly part of Allan Gray), Endeavor, SAAD Investment Holdings, and UW Ventures. The startup has launched its collect and return services at over 500 Pargo Points in
Jumia, the Africa-focused e-commerce retailer, will close its South African online fashion platform Zando and its Tunisian operations by year-end to concentrate on other markets, the CEO told Reuters. Jumia is aggressively cutting costs to try to turn profitable, including by reducing head count, exiting everyday grocery items and food delivery and cutting delivery services
South African farmers need to adopt new approaches and technologies to combat the country’s food security pressures Up to 20 million South Africans experience severe food insecurity, with the volume of food and beverages sold per capita across the country declining by more than 3% in 2023. South African agribusiness is at a crossroads. After
Retail and relationship-building have always been the key drivers behind Gerhard Nortjé’s evolution towards becoming an IT business leader. Today, Nortjé is more than three years into his highly successful tenure as MD at redPanda Software, the leading retail software partner in South Africa. Nortjé’s journey to tech was facilitated by retail, a shared passion
Kinola Pather, CEO of Randgo Royalty rewards programmes are becoming essential, with 76% of South Africans participating in them, prompting brands to leverage this opportunity for customer engagement and business growth. As technology evolves, these programmes have grown in sophistication, with the most successful offering real-time rewards and personalised experiences. Given the vast amount of
Float, Africa’s first card-linked instalment platform has unveiled the latest shopping trends among credit card holders using its payment method. With an impressive average order value of close to R10,000, order values through the platform significantly exceeds those of the regular buy now pay later model, which typically ranges between R1,000 and R1,400. The latest
World Food Day on 16 October marks the 79th anniversary of the founding of the United Nations Food and Agriculture Organization, and this year’s theme – Right to foods for a better life and a better future – will be the focus of events in more than 150 countries. In South Africa, the theme is
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