It is with profound sadness that we announce the death at the age of 92 of visionary South African, and founder of Pick n Pay, Raymond Ackerman. He is survived by his wife, Wendy, children Gareth, Kathy, Suzanne, and Jonathan, his 12 grandchildren and four great-grandchildren. Raymond Ackerman founded Pick n Pay in 1967 along
It can be a slippery slope – loadshedding, the economy, post-pandemic aftershocks, communities facing hardships and even the chill of winter. However, as we ease into spring the retail pendulum is shifting as an optimistic breeze starts blowing in South Africa (SA). Joanne Gould CEO, Smollan South Africa plugs in to this renewed energy, highlighting
By Pieter Engelbrecht, Chief Executive Officer In many aspects our 2023 year was extraordinary. The Group gained record levels of market share, saved customers over R13.5 billion in Xtra Savings and still managed to increase profits and dividends, despite the prohibitive cost to the business as a result of unprecedented levels of load-shedding. Sales growth
With the holiday season fast approaching, many businesses are working on gift lists and incentives to thank employees and reward loyal clients. And while the reliable (if somewhat boring) box of chocolates is still appreciated by some, what better way to thank someone than to let them choose their own perfect gift? That’s just one
For over five decades, Spur Steak Ranches has been committed to meeting the changing needs of its customers. Spur’s iconic restaurants are getting a refreshed look, promising new experiences, and allowing for even greater moments of joy. The brand concept will be showcased at a pilot site in the Vaal Mall, Vanderbijlpark on 1 September
Woolworths Holdings Limited (WHL) has announced strong full-year results for the 52 weeks ended 25 June 2023. HIGHLIGHTS Turnover up 7% to R85.7 billion Profit before tax up 29.5% to R6.7 billion Adjusted diluted headline earnings per share up 35.6% to 508.3cps Total dividend declared up 36.4% to 313.0cps Return on capital employed up 6.7
More than 2,500 people took part in the 2023 SPAR Zimbabwe Rainbow Run, which raised $20,000 for two of its long-time charity partners Childline and Zimbabwe National Society for the Prevention of Cruelty to Animals. Zimbabweans of all ages and walks of life came together to take part in the SPAR Zimbabwe Rainbow Run. More
As the world’s population continues on its course to reach 10 billion people by 2050, investments in sustainable food retail and storage are urgently needed to ensure we are able to feed the growing number of people on the planet. The pressure is growing, both on energy demand and costs, and on the need to
To align with Woolworths’ vision of achieving ZERO packaging waste to landfill and its commitment to environmentally friendly practices, the retailer has made a significant investment in eco mannequins. These eco mannequins have been deployed in the newly launched WEdit stores and a selection of eco ‘plus size’ mannequins have been introduced into 80 selected
Spur Corporation overcame mounting pressure on consumer spending to deliver a resilient trading performance in the year to June 2023 as franchised restaurant turnover grew 23.0% to R9.5 billion and revenue increased by 27.4% to pass the R3.0 billion mark. Headline earnings increased by 75.9% to R213 million. The group increased sales in retail company
As of August 2023, Shoprite customers will now be able to purchase non-food items using leading digital credit provider, Mobicred. The fully digitised system will give shoppers access to credit offerings via their Money Market accounts, enabling them to pay off higher ticket items over a period of up to 12 months. Commenting on this
As e-commerce grows globally with online shopper numbers expected to continue to increase by 18 percent annually in Africa, a report by the International Finance Corporation (IFC) projects that such growth could be higher if we invest in the women entrepreneurs on e-commerce platforms. The industry presents South Africa with a clear opportunity for women
By Nevo Hadas, Partner at DYDX Smartfill Packaging costs can contribute significantly to the overall price of products and services, with estimates suggesting that it can account for up to 40% of the total cost, although some products may see as low as 10%. However, groundbreaking experiments conducted in Tembisa by retailing services powerhouses Smollan
The Board of Directors of the Cape Union Mart Group this week announced the appointment of a new Chief Executive Officer, Mike Elliott. Elliot brings almost 30 years of retail experience, having held various senior leadership roles in retailers like Edgars, Sunglass Hut, Luxottica and Naartjie. “As we celebrate our 90th birthday with Mike at
Consistently growing in popularity, the SPAR Women’s Challenge Jozi has witnessed a surge in participants in recent years. It provides an opportunity for women of all ages, fitness levels and backgrounds to participate over 10km or 5km distances. The event also forms part of the SPAR Grand Prix series, in what is expected to be
With waste being increasingly recognised as a serious issue in many cities around the world, SPAR volunteers roll up their sleeves and undertake community clean-ups. Not properly disposed or recycled waste pose a great threat to the environment, animals and humans, with decomposing waste impacting both the soil and animal habitats. Furthermore, significant volumes of
Attention all shopping enthusiasts! Get ready to experience your favourite retail destination in a whole new way! Somerset Mall, located in the heart of the picturesque Helderberg region in the Western Cape, understands the need to continually evolve and enhance the shopping environment. This inspired the mall to embark on an ambitious redevelopment project. Brace
Massmart, in its bid to become the leading retail and wholesale eCommerce destination in South Africa, is reaping the benefits of re-setting and upgrading its online order fulfilment infrastructure. This started with creating a centralised eCommerce Pickup & Delivery capability comprising approximately 60 specialists across functions which include eCommerce Operations, Customer Operations and Inventory Optimisation.
Vaal Mall has completed the development of a convenient new link road into the mall from the R57 Golden Highway. The new link road, with access directly off the R57 and which joins up with Helena Lochner Street, was officially opened yesterday, Tuesday, 1 August 2023, at a ribbon-cutting ceremony on site. The road was
The pandemic years catalysed a shift in the local retail sector, driven by the dramatically accelerated pace of digitisation. In the wake of COVID-19, greater adoption of online shopping was limited only by the fact that South Africa remains a predominantly cash-based economy. But, with the launch of the ‘cash-like’ payment system, Payshap, this picture
Cash-strapped consumers might unknowingly have extra cash in their wallets. Pick n Pay has reported that over 11 million customers have unclaimed Smart Shopper points already loaded on their card, totalling over R250 million in cash-back rewards. The retailer issues around four billion Smart Shopper points every month for each shop, boosted through its Clubs
Last week, Massmart, together with Retail Capital, a division of Tyme Bank, hosted a Business Funding Information session for its Marketplace seller base. The webinar provided these small business owners with key insights about the funding options available to them. The partnership initially began in 2021 and has, since inception, provided significant funding to enable
Kyosk Digital Services, a digital-first and data-led distribution platform, is pleased to announce its expansion into the African fresh produce market with the launch of its Farm & Fresh line of business. This follows on the back of Kyosk’s recent acquisition of KwikBasket, a prominent player in the agricultural industry known for its expertise in
Understanding the changing consumer journey is paramount in today’s ever-evolving retail landscape. Retailers must embrace agile and responsive strategies to meet rising customer expectations and seamlessly navigate a vast array of shopping experiences. This is particularly crucial in South Africa, where intermittent power supply often requires shoppers to adjust their habits to ‘follow the power.’
RMB has played an integral role in securing Pick n Pay’s inaugural sustainability-linked loan, acting as sole mandated lead arranger (MLA), bookrunner and sustainability coordinator on a syndicated debt facility to the value of R4.5 billion. As one of South Africa’s leading retailers, Pick n Pay is committed to a sustainable future. The sustainability-linked features
SPAR South Africa’s North Rand region proudly sponsors Tshwane Women in Sport Awards. This year, esteemed guests included renowned sportswomen Caster Semenya and Cllr. Peggy de Bruin, MMC of Recreation and Social Development. The 2023 ceremony celebrating the Tshwane Women In Sport Awards dedicated to honouring women in sport was held on the morning of
In line with the growing importance of ESG across all business parameters Dis-Chem Pharmacies has appointed Lesiba Kgoogo as ESG Executive. He will focus on the development and delivery of a centralised group ESG strategy linked to business imperatives to ensure compliance, standardised reporting, and audit process for non-financial assurance across Dis-Chem. Kgoogo is a
Following Massmart’s 100% acquisition by Walmart, the company now has gained improved access to technical capabilities focused on enhancing the customer shopping experience across its Makro, Builders, and Game websites. The latest move in Massmart’s eCommerce strategy has involved shifting the Makro website onto a new micro-services based platform which has delivered new features, improved
The Shoprite Group invites technology students and seasoned Information Technology (IT) professionals to join Africa’s largest retailer by applying for its bursary programme or various available job opportunities. The retailer’s comprehensive bursary programme covers tuition fees and on-campus accommodation, provides a grocery allowance, and guarantees employment upon graduation. Youth studying scarce and sought after skills
Ballito parents can now shop the best local and international baby brands at KwaZulu-Natal’s second standalone Checkers Little Me store which opened at the Ballito Junction this week. It is the retailer’s ninth standalone Little Me store, and the very first one with a ‘shop in shop’ concept from Norwegian baby furniture maker Stokke and
The heady days of triple-digit e-commerce growth are over, but the rewards are there for the taking for the savvy e-marketer. Local e-commerce growth is slowing, which was inevitable considering the huge leaps made during and post-COVID, but the sector is still growing and is driving total retail growth both here and abroad. Locally, fast-moving
The Netball World Cup is on a South African tour in preparation for the Vitality Netball World Cup 2023 tournament. SPAR South Africa has sponsored national and international competitions for over 20 years and regards netball as its flagship sponsorship. The tournament trophy recently arrived, to much excitement, on South African soil. This highly-anticipated world
By: Warren Brett Cluster Executive, SEA Region, Smollan Tanzania African beverage trends are driven by innovation and culture. From the cherished rituals of traditional tea and coffee to the emerging popularity of carbonated soft drinks and fruit juices. Africa’s beverage market is evolving rapidly, reflecting changing consumer preferences and the impact of various socio-economic factors.
Builders has partnered with Standard Bank UCount nationwide, to offer members more when shopping for Do-It-Yourself (DIY), home improvements or building materials – in-store or online. Standard Bank customers can now earn and redeem UCount Rewards when shopping at Builders. The new partnership makes Builders the only DIY category retailer on the UCount program offering
By Quintin van der Linde, Senior New Business Developer at Ecentric Payment Systems Africa is projected to have more than half a billion e-commerce users by 2025. In part, this can be attributed to the growing adoption of alternative payment methods in the wake of the pandemic. With 45% of the population in Sub-Saharan Africa
Mike Smollan, Chief Growth Officer Exactly how did we get to July in what feels like a blink of an eye? Pondering on that often-used analogy, I had to check in with Google. To learn that there are 1000 milliseconds in each second, so a blink of an eye takes around 1/3 of a second.
The world of retail has changed. With more and more customers now shopping online, retailers have had to come up with creative ways to bring the physical and virtual worlds together to create seamless, memorable experiences. But with this comes a great deal of complexity. Having a robust tech foundation is no longer a nice
Agrikool, a small agricultural business, is showing exponential growth after securing a deal with the Shoprite Group, delivering fresh produce worth over R3 million to the retailer in just over a year. The Pietermaritzburg-based business solves challenges in the farming value chain, develops small to medium-scale local farmers, and sustains regional food security, by connecting
Celebrating 20 years of Africa’s Big 7and festive foodie features The local food and beverage market was abuzz at the twentieth edition of Africa’s Big 7, which wrapped up in Johannesburg at the Gallagher Convention Centre last week, co-located with SAITEX. “Recognising a two decade-long commitment to delivering top quality and reasonably priced, trendy food
More than a quarter of global self-checkout shipments went to non-grocery stores as the technology penetrates new segments Wider range of retailers adopting self-checkout 2022 was the second highest year for self-checkout shipments globally, according to Global EPOS and Self-Checkout 2023, the latest report from strategic research and consulting firm RBR. More than 193,000 units
One of Tiger Brands’ iconic heritage brands, KOO, has refreshed its positioning and looks to showcase the value it brings to consumers, including convenience, healthy nourishment, superior quality taste, and homegrown ingredients. These features combine to make it one of South Africa’s most valuable brands and the market leader in the South African Canned Fruit
South Africa’s loyalty sector triumphed at the International Loyalty Awards in London last night, with Truth CEO, Amanda Cromhout, winning the only individual award, and eBucks and DSTV receiving global acclaim in four categories. The International Loyalty Awards are considered the pinnacle of recognition for consumer loyalty programmes and pay tribute to the brands building
Research reveals frontline workforce underserved by IT tools, and which cites communication and access to information as key areas for digital transformation Most South African retail workers are feeling overworked but the vast majority believe technology is the answer to their situation, a Microsoft-sponsored IDC study has revealed. “We often refer to them as ‘the
Jumia, Africa’s leading e-commerce platform, released a new report, “Expanding E-Commerce in Rural Areas in Ivory Coast,” highlighting its successful penetration into underserved regions and success in bringing e-commerce opportunities to rural populations. The report draws on Jumia’s 2022 non-financial data and provides insights into its expansion strategies to rural communities in Ivory Coast. Physically
Consumers in South Africa are experiencing escalating levels of financial stress and are actively seeking alternative forms of payment due to the country’s rising cost of living. The use of developing digital payments are gaining pace in South Africa and statistics show that there is a rising desire for credit among consumers with digital payment
Up and coming retail group, Retailability, says the online launch of one of South Africa’s most revered and much-missed brands, Boardmans is not only timely but will fill a gap for value conscious consumers looking for that special touch in home décor. South Africa’s familiar kitchen and home brand, Boardmans, is set for re-launch as
OMCs can now track and reconcile transactions easily, increasing their operational efficiency by 50% Tingg by Cellulant In-Store solution is transforming the digital payments space in Ghana by providing Oil Marketing Companies (OMCs) with a single payment collection point across multiple payment options and channels, ensuring real-time settlement. This advancement allows OMCs in the country
KES 400 discount for goods worth KES 3,000 and above when customers shop on the MAF Carrefour Mobile app and pay with locally issued Visa cards The campaign will run every Tuesday for three months starting June 2023 Carrefour, owned and operated by Majid Al Futtaim in Kenya, has announced its partnership with Visa, the
RFG Foods recently clinched the prestigious Dairy Product of the Year Award at the highly acclaimed South African Dairy Championships 2023 for its 600g Ayrshire Mozzarella, produced exclusively for Woolworths. This product emerged as the leader among an impressive array of 929 dairy products from 71 renowned producers. Con Costaras, Managing Director of Fresh Foods
A new report from Trade Intelligence reveals an FMCG retail trade that is under enormous pressure – but that continues to innovate, to serve shoppers, and even to turn a profit. South Africa’s economic landscape is challenging for any business, but particularly so for players in the consumer goods industry. The complexity in this sector
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