The results, from continuing operations, for the financial year under review are for a 52-week period compared to 53 weeks in the previous financial year. Throughout we are showing the 53 weeks to 4 July 2021 as the comparative period, unless stated otherwise. Sale of merchandise increased by 9.6% to R184.1 billion Basic earnings per share
HIGHLIGHTS • Full year dividend significantly increased, up by almost 250% to 229,5c • FBH turnaround demonstrated through strong operational and financial performance, with aEBIT growth of almost 49% • Australian second half performance outperformed expectations, with David Jones aEBIT up 86% and Country Road Group aEBIT up 19%. • Foods business continues to generate
Seamlessly integrating is the golden nugget, amongst several other factors worth considering Keeping customers happy in the online retail space requires e-commerce businesses to be at the top of their game. Where traditionally a customer would visit a physical store, buy an item, and hopefully go away feeling satisfied with their purchase, online retailers not
Highlights 4.3% Comparable store sales growth from continuing operations 50% Online sales growth Expense growth 3% below inflation Potential Offer by Walmart to acquire Massmart shares it does not already ownfor ZAR62 per share Potential Offer represents a 53% premium on 26 August 2022 closing share price CEO succession also announced Results Summary Total sales
South Africa’s micro, small and medium-sized traders can now improve their cash flow with more reliable supply chains and better customer marketing using Sabi, Africa’s leading B2B platform for goods and services distribution. SABI is partnering with Vumele to enable and empower South Africa’s informal economy. Sabi recently opened an office in Johannesburg and already
From one crisis to the next, consumer habits are changing Just as the world was returning to some kind of ‘normality’ it didn’t take long for war in Europe, surging inflation, soaring fuel and energy prices, along with severe bouts of load-shedding to cast a particularly dark shadow over the first half of 2022. Now,
eThekwini’s manufacturing Clusters unlock growth and deliver jobs Since the onset of the pandemic, eThekwini Municipality has been driving the development of the manufacturing sector and now, many of the initiatives are ready to scale and are delivering positive results. According to Takalani Rathiyaya, Head of the Economic Development Programmes Department at the eThekwini Municipality,
Since 2020, Smollan, a global sales and marketing services company, has been using FleetDomain, an Argility Technology Group company, to manage its fleet of around 2 000 vehicles in South Africa. By integrating its software with Smollan’s accounting systems and banking partners, FleetDomain has enabled Smollan to contain costs and manage its fleet much more effectively,
Shoprite’s Money Market Account is now a full-fledged bank account. It already provides almost two million banked and unbanked customers the best deal on the market. It’s official: Shoprite’s Money Market Account is now a full-fledged, transactional bank account, the first ever offered by a South African retailer – and the lowest cost entry-level bank
Zapper users can now link their bank accounts in the Zapper app to pay their favourite merchants securely at POS, in just one click South African independent mobile payments, insights, loyalty, and rewards platform Zapper has teamed up with payments and data API Stitch via its LinkPay product, to bring the latest in payments innovation
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) further declined in July, suggesting that the manufacturing sector experienced a tough start to the third quarter following a weak second quarter. The headline index fell from 52.2 points in June to 47.6 in July. This is the first reading below the neutral 50-point threshold since July
The Shoprite Group has finalised sustainability-linked loans totalling R3.5 billion for investments to expand its key environmental programmes as part of its wider sustainability strategy. These include a R2 billion loan from Standard Bank (the bank’s biggest in the retail sector to date), and a R800 million sustainability-linked loan and a R700 million green loan
Mike Smollan, Chief Growth and Innovation Officer at Smollan looks at retail trends for the third and fourth quarters of this year and beyond, and what these means for growth Gears switched at the beginning of 2022 as we entered a new phase in a retail eco-system that was still massaging aches and pains and
In a first for retail in South Africa, the Shoprite Group has acquired over 100 of the most fuel-efficient trucks in Southern Africa. The Scania Euro V trucks have a proven fuel saving of around 10% along with lower CO2 and NOx emissions. The Group’s world-class supply chain – which includes 29 distribution centres covering
Food costs are soaring with the war in Ukraine, interest rate hikes, fuel increases, and changed weather patterns. A KZN-based startup is focusing on driving down the cost of food by cutting out middlemen and reducing transport costs while increasing profits for farmers. AgriKool, an e-trading platform, connects agricultural producers to buyers to facilitate the
Spur Corporation increased headline earnings by 31% to R121 million in the year to June 2022 as the group reported a strong post COVID-19 lockdown trading recovery and capitalised on increasing restaurant foot traffic. Group revenue grew by 32.5% to R2.4 billion, with improved franchised restaurant turnover, higher sales in the company-owned restaurants and increased
Growthpoint Properties (JSE: GRT) is piloting a 4.5MW battery system at Paarl Mall in the Western Cape to store electricity for its continuous, cost-efficient power supply. This is the largest commercial battery installation in South Africa to date, and it will be partly charged by Paarl Mall’s new rooftop solar PV plant, extending the positive
Additional energy efficiency initiatives aim to maximise efforts to reduce the company’s reliance on the national grid and minimise impact on the environment Tiger Brands will soon begin rolling out solar power at its manufacturing sites. This kicks off a multi-million-rand investment with the goal to have 65% of the business’ electricity requirements at a
Annual CPG sales top R527-Billion Liquor sector continues to rebound Food inflation remains a thorn in the side of consumers increasing by 8.1% versus a year ago The South African manufacturing and retail sectors remain stoic in the face of a continued onslaught of input prices, and consumers feeling the full effects of their severely
The company has quadrupled its business globally since the start of the pandemic and launched two products in the same period As of today, Bolt is present in 45 countries and over 500 cities, an increase of more than 200% before the pandemic In South Africa, Bolt is available in 9 provinces and a total
Global Alliance Africa, a project delivered by Innovate UK KTN and Unilever have today announced Sharon Rapetswa as the winner of their Innovation Exchange Challenge, designed to help the multinational consumer goods company find inventive solutions and innovative approaches towards the development of new circular business models for plastic reuse and refill. With her idea
SPAR South Africa partnered with local producer Rama to raise funds for Early Childhood Development (ECD) centres across the country. Over half a million South African Rands worth of nutritious meals will be distributed, thanks to the support of customers. Earlier this year, Rama committed to donating one meal to a child in need for
The Shoprite Group was the first retailer to celebrate the enormous contribution of South African women to society when Government announced National Women’s Day in 1996 when it introduced a significant campaign that ran for 17 years to celebrate women, the nationally acclaimed Shoprite Checkers Women of the Year Awards. More than 25 years later
Many women juggle the role of both worker and matriarch, playing an integral role in society by not only taking on the responsibilities of raising the next generation and being the cornerstone of the family; but also by playing an active part in South Africa’s economy. This is according to Marine van Brakel, Chief Operating
Twelve of top 20 product categories experience double-digit inflation Price increases starting to impact unit sales Annual FMCG retail sales total R523-Billio The stranglehold of the current 13-year inflation high on consumer purchase patterns is clearly shown in the newly released NielsenIQ South Africa State of the Retail Nation report which shows that twelve out
OneDayOnly, South Africa’s biggest daily deals site, has just launched a brand new advertising campaign. “12 years ago, we started OneDayOnly with the mantra that every day was an opportunity to make someone feel like a big deal – bringing great deals on great brands to South Africans, every day”, Laurian Venter, Managing Director of
Rosebank Mall is home to an innovative new store which is so much more than it first appears to be! Re-purposing is fast becoming a way of life and the tech space should be no exception. With this in mind, David Hirsch – CEO of TechMarkit – has introduced his very own brand of pre-loved
General dealers have emerged as the most resilient sector in South African retail, growing sales 14.6% in real terms from January to May 2022 and winning a greater share of the cash-strapped consumer’s wallet. Their strong performance in a struggling retail sector can be largely attributed to consumers’ spending more of their incomes on necessities
RFG partnered with Ladles of Love this Mandela Day to make a difference to thousands of people who have been affected by food insecurity and hunger. “Food insecurity is an increasing concern in South Africa, with many of our communities either suffering from hunger or malnutrition, which has been worsened by the pandemic and by
Makro has undergone an accelerated e-commerce transformation programme in recent months, as part of Massmart’s overarching strategy to become a leading omnichannel (online and store) retailer in South Africa. The new native Makro app is the retailer’s first fully fledged and stand-alone shopping app, enabling customers to make purchases of general merchandise, liquor and pantry
A new podcast series hosted by broadcast journalist Redi Tlhabi will give listeners key insights and a greater understanding of the major issues around the state of our food nation. As the world faces complex issues around food, sustainability, waste, and how retailers and consumer choices alike impact our planet, gaining an understanding of the
Takealot.com, Superbalist.com and Mr D are once again joining forces by curating deals on favourite products across their respective platforms. The Ultimate Checkout brings together three of South Africa’s online greats to offer epic deals based on customer preferences. This customer-centric three-day sale (25 – 27 July 2022), which takes place annually, promises incredible deals
By Leon Jacobs, Chief Information Officer at RCS Driven by the engine of the fourth industrial revolution (4IR), digitisation was already gaining significant traction before the onset of the COVID-19 pandemic. However, it accelerated faster in two years than it had in almost a decade. The transition to a more digitised reality affected industries across
Imagine a future in which your new cell phone is delivered to your home by a courier who also sets up your new device for you. What about a courier who can deliver a spare part for your washing machine and install it while he is there? These were some of the scenarios explored by
Consumers are also largely in search of their perfect brand match, with 76% of South African respondents feeling that if they look hard enough, they can find a brand that fits their exact needs NielsenIQ updates consumer brand preferences –with a focus on small and medium brands – in its latest report According to the
The 9th of July marks one year since a wave of civil unrest destroyed thousands of shops and properties in parts of KwaZulu-Natal and Gauteng. Durban’s iconic Makro store based in Springfield was severely damaged, succumbing to a huge fire, destroying much of its infrastructure. But after just five months, it was able to reopen
By Andrew Dawson, MD of MACMobile South Africa’s main market makes up a significant proportion of the local retail space and is one of the few segments in retail that is growing. As such, it presents a massive opportunity for parties further up the value chain to optimise processes, and digital transformation is one of
After announcing that it would be embarking on a turnaround strategy to retain relevance in the African retail landscape, retailer Game today announced that all 115 stores across the country have been refreshed to provide consumers with a more appealing and intuitive store experience. This is an important move for the retailer, as physical stores
South Africa’s food production and export industries are experiencing encouraging growth injections from the increase in demand for high value and diversified produce such as blueberries, macadamia nuts and citrus. The export demand in the blueberry industry alone is expected to grow by at least 44,000 tonnes by 2024. A critical enabling factor to support
Conveniently located inside your local SPAR is a range of authentic, ready-made, and artisanal food choices The SPAR Group (Pty) Ltd South Africa has launched The FOOD STALL at SPAR which is rolling out across the deli service counters across many SPAR stores nationwide. The first FOOD STALL served customers in Ladysmith KwaZulu-Natal in April
Savvy retail entrepreneurs look at working capital as a means to shift their business to the next level. It is this perspective that puts the “opportunity” in opportunity capital and that empowers retail merchants to remain competitive and relevant. “We live in volatile times, with higher food and commodity prices, rising interest rates and changing consumer preferences, all
Philip Morris South Africa (PMSA) is accelerating its transformation to a smoke-free company with key leadership appointments. PMSA Managing Director Branislav Bibic says that “A smoke-free future is attainable, and the benefits it can bring to the adult smokers who would otherwise continue to smoke, and hence to global public health, are enormous.” “PMI’s vision
First RocoMamas Drive Thru launched Spur Corporation just launched its first RocoMamas Drive Thru in Little Falls, Johannesburg. This follows the successful launch of its first Spur Drive Thru in 2021. This is another step in the group’s strategy of expanding convenient and lucrative channels to meet customer requirements for their favourite meals through easy
The Engen Community Computer School held an awards ceremony recently to celebrate its latest graduates, all unemployed South Durban residents whose prospects of finding employment have been positively enhanced after receiving valuable basic computer skills training. The Engen sponsored school has been transforming lives in South Durban for 13 years and has to date capped
Supa Ginja, a powder ginger beer business started in a North West garage, experienced dramatic growth during South Africa’s national lockdown with several alcohol bans as well as a deal with Shoprite. The product is a traditional ready mixed ginger beer powder that, when combined with water and allowed to ferment, turns into a unique
Virgin Active South Africa Group (Pty) Ltd And Kauai Juice (Pty) Ltd, Kauai Smart Meals (Pty) Ltd and Nu Health Café (Pty) Ltd The Tribunal has unconditionally approved the large merger between Virgin Active South Africa Group (“VASAG”) and Kauai Juice (Pty) Ltd (“Kauai Juice”), Kauai Smart Meals (Pty) Ltd (“Kauai Smart Meals”) and Nu Health
The Board of GS1 South Africa, trading as the Consumer Goods Council of South Africa (CGCSA), is pleased to announce the appointment of Zinhle Tyikwe as Chief Executive Officer with effect from 01 July 2022. Ms Tyikwe, who currently is the CGCSA Executive in charge of Human Resources and Communications, takes over from Gwarega Mangozhe,
One of the best kept secrets for South Africans over the age of 60 is that they can claim a discount at Makro stores every day of the week, and not only on a specific day – an offering that has been in place since the onset of COVID-19. “While we decided to make this
As part of the ongoing evolution of its offering in line with customer demand, MACmobile has delivered significant enhancements to the FIELDForce web and mobile applications with its latest update. These include security improvements as well as the inclusion of an Invoice Value Discount Engine and a Buy One, Get One Free (BOGOF) Engine. FIELDForce
Spur Corporation welcomes government’s announcement on repealing COVID-19 regulations from 22 June 2022. This means that after two years and almost three months, we can finally remove masks! Based on the updated Government Gazette, we have issued the following guidance to our staff and franchisees. Offices Sanitiser stations will remain at the entrance for our
