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 Sun Waterfront. Moolman and Nortjè
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 team as CEO, South Africa.
Comparison tools lead the way for price transparency in e-commerce Online shopping has become increasingly popular amongst South African consumers. Convenience, competitive pricing, and a wide choice of products make online purchasing a no-brainer for tech-savvy shoppers, but retailers need to stay ahead of the curve when it comes to standing out against the competition.
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 Argility was appointed by the
Local retailer to offer customers a wider range of package-free fruit and vegetables Pick n Pay has launched a ‘nude’ fruit and vegetable produce wall – a dedicated plastic and packaging-free zone in 13 stores across the country as part of a trial to measure customers’ readiness to switch from pre-packaged food to loose products.
Woolworths is pleased to announce the official launch of its first intake of candidates from the Youth Employment Services (YES) programme, a government-led partnership with business, labour and civil society which aims to empower one million young South Africans by offering paid, quality work experience. Through the YES programme, Woolworths will recruit approximately 450 learners
Restaurant franchise group Spur Corporation has entered into an agreement to acquire the 10% stake in the company sold to Grand Parade Investments (GPI) in 2014. The value of the transaction is R260 million, equating to R24.00 per share. Spur Corporation concluded a broad-based black economic empowerment transaction with the black owned and controlled GPI
Rhodes Food Group has received the award for the Best Reporting and Communications in the consumer products sector in the annual Investment Analysts Society of South Africa (IASSA) awards for excellence in financial reporting and communications. The awards are voted by members of the IASSA who are the country’s investment decisionmakers and recognise the standard
“THIS WAS A TRANSFORMATIONAL YEAR FOR NASPERS. WE ENTERED FY20 WELL-POSITIONED AS A GLOBAL CONSUMER INTERNET GROUP,” CONFIRMED BOB VAN DIJK, GROUP CEO. Group highlights for the year Revenues increased 29% year-on-year to US19.0bn (2018: US$16.4bn). Trading profit grew 22% year-on-year to US$3.3bn (2018: US$3.0bn). Core headline earnings grew 26% to US$3.0bn (2018: US$2.4bn). Transition
Edcon, South Africa’s largest non-food retailer, made a commitment in 2016 to a localised cotton initiative – from “farm to shelf” – by participating in the Sustainable Cotton Cluster (SCC). What started as a pilot project with a commitment of 600 tons of cotton lint from South African cotton farmers has now grown to a
The Carter App Simplifies Automobile Purchasing for Consumers. The Carter platform was developed with the express purpose of helping consumers successfully make one of the biggest purchasing decisions they will ever make: buying a new car. “The whole process of buying a new car is extremely complex and user-unfriendly. Our app aims to help consumers
RFG has recently completed the acquisition of a protein snack food business from RCL Foods Consumer (Pty) Ltd for R30 million. The business produces a range of protein snacks for Woolworths, including meat balls and chipolata sausages. The new business has been integrated into the Western Cape ready meals factory at the Groot Drakenstein production
It’s hard to imagine that just 10 years ago, the consumer’s experience of shopping in a forecourt convenience store (c-store) was completely different. In the 2000’s, forecourt convenience retail was still dominated by garage stores that specialised in the 5c’s – cigarettes, chips, chocolates, instant coffee and cool drinks. However, the industry was about to
A consortium led by Apis Growth Fund I, a private equity fund managed by Apis Partners LLP, and Crossfin Technology Holdings, a fintech investment company announced today the acquisition of Sureswipe (Pty) Limited and the formation of Crossfin Transactional Solutions, South Africa’s largest independent payments and merchant acquiring solutions platform The acquisition of Sureswipe complements
Lewis Group has reported the continued turnaround in the performance of its traditional retail brands in the year to March 2019, with strong merchandise sales growth and the early benefits of its diversification strategy driving headline earnings per share 24.3% higher to 376 cents. The group’s total dividend has been increased by 17% to 234
Two large players in the tobacco industry, Gold Leaf Tobacco and Philip Morris South Africa, have been recognised as participants in the ongoing large merger proceedings involving British American Tobacco and Twisp Gold Leaf Tobacco and Philip Morris South Africa recently applied to the Tribunal for leave to intervene in the merger proceedings. The Tribunal’s
Rhodes Food Group Holdings (RFG) reported an improving performance for the six months to March 2019 as turnover increased by 9.3% to R2.7 billion and operating profit by 6% to R173 million. Headline earnings recovered to increase by 2.1% to R84 million. The Western Cape-based food producer, which owns market-leading brands Rhodes, Bull Brand, Magpie,
· Almost 40% of those surveyed are moving away from consuming entertainment through traditional channels and rather streaming daily or more. · More than 50% of Gen Z consumers are streaming daily or more. · 33% of South African consumers go to social media first to hear about current events. Consumers are increasingly using digital
South Africa’s leading online retailer takealot.com has launched over 25 highly anticipated collection facilities across the country. Its flagship Takealot Pickup Point at the New Road off-ramp in Midrand spans the N1 highway, the busiest highway in Africa, allowing motorists travelling in both directions to easily collect their online orders. The newly renovated, 1 177
Woolworths Proprietary Limited, a leading South African retail chain, has successfully implemented 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 operational digital transformation goals. Woolworths South Africa, part of Woolworths Holdings Limited, is a
The Commission has recommended to Competition Tribunal (Tribunal) that the proposed acquisition of WeBuyCars (Pty) Ltd (WeBuyCars) by MIH eCommerce Holdings (Pty) Ltd (MIH eCommerce), an entity of the Naspers Group, be prohibited. MIH eCommerce wishes to acquire 60% of WeBuyCars. MIH eCommerce is mainly an investment holding company and does not itself supply any
Dis-Chem results for the 12 months ended 28 February 2019 Highlights • Group revenue up 10% to R21.4 billion • Headline earnings up 7.4% Midrand, 16 May 2019 – Despite a tough economic environment and prolonged industrial action, which affected almost a third of the financial year, Dis-Chem reported positive results with improved market share
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
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
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
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
