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
An article by Rachel Thompson, Insights Director at GfK South Africa originally published here. We’re seeing the needs, expectations and behaviours of young South African consumers evolve at a pace that threatens to leave brands behind. As centennials – or Generation Z – move into the workforce and become the next wave of consumers, brands
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
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
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
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
Despite a subdued outlook for the South African retail sector in 2019, global fashion retailer H&M has firmly underlined its ongoing commitment to the local retail market with the announcement of three new store openings, this along with several local partnerships placing strong emphasis on the brand’s ongoing sustainability work. The Swedish clothing retailer recently
The purchasing power of South Africa’s 18-millionfemale consumers is undeniable given that 71% of them are responsible for grocery shopping, while 60% are the primary purchaser within South African households making them a force to be reckoned with, in the local retail sector. It’s clear that this influence will only grow, with 21-million female consumers
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,
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
The Shoprite Group is set to change the face of retail in Zambia with the opening of the new world-class store in the Woodlands/Kabulonga area. The new-look Shoprite Kabulonga promises an unrivalled retail experience. In addition to the new look, customers are being offered the best quality products at the most affordable prices, including: An
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
Nielsen has launched its 2019 Changing Consumer Prosperity Report which highlights how global consumers think and feel about their financial situation and reveals that when it comes to feeling prosperous, mindset matters more than income. Executive Director, Thought Leadership Nielsen Global Markets Ailsa Wingfield comments; “What we found is that financial factors like income and
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
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
South Africa’s latest Consumer Confidence Index (CCI) for the fourth quarter of 2018 shows a two point decrease to 88, presenting a relatively stable, though still slightly negative, quarter on quarter picture for consumer sentiment in South Africa. This is supported by a decrease in the number of South Africans who view their job prospects
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 opened its first outlet in
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 me great satisfaction to play
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 our other outlets – because
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 24% of the stores total
Spur Corporation is a place where our people can grow and will continue to do so. We are indebted to the thousands of staff and franchisees who have committed years of service to our brands. Andile Mekeni is but one of these examples. Now at the tender age of 26, he is the proud owner
Over 7 800 of Clicks Group employees will share in a R1.5 billion payment that has been created through the Group’s employee share ownership scheme (ESOP). This is in addition to the R1.3 billion already paid out under the scheme to beneficiaries in 2018. Vikesh Ramsunder, CEO of Clicks Group, says that this is the
Africa’s economy has seen modest growth in the wake of falling commodity prices, slowing revenues and volatile currencies. The moderation in growth impacts a range of industries and sectors, including retail and consumer products that must contend with rising costs, and a fall in prices. Despite the decline in growth, the long-term outlook remains positive.
Banking group, Stanbic Bank Zambia, has signed a multi-million dollar loan facility with Vertigo Properties for the completion of a shopping complex — Pinnacle Mall in Lusaka. The 10 000-square metre shopping mall is expected to be opened by end of March this year, which will make it the second completed project by Novare African
eCommerce in Africa is booming but that doesn’t leave out any struggles which include uncertainty around receiving orders satisfactorily. There are currently 65.4 million eCommerce users in Africa and the Middle East, with an additional 20 million users expected to be shopping online by 2021. When it comes to eCommerce sales in Africa, three of
From data breaches to fake news to state capture to corporate failures, issues of trust and transparency ruled the headlines in South Africa and the rest of the world throughout 2018. As we move into 2019, the central challenge brands will wrestle with is that of embracing new roles and business models that build trust
TFG (The Foschini Group), a South African retail group operating in thirty-two countries across five continents, has chosen Oracle to support its digital transformation strategy with the consolidation of twenty-two brands into one online marketplace. With close to 3000 stores, TFG migrated its brick-and-mortar offering to a hassle free digital platform and now offers the
South African multi-chain retailer chooses Centric PLM to support rapid growth, integrate suppliers and enhance visibility Cape Union Mart, the South African outdoor company, has selected 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
