Steinhoff to sell $1.2bn in convertible bonds

2015-07-31 19:47

Furniture group Steinhoff will sell bonds worth $1bn convertible into stock to fund share buy backs, it says.

Edcon appoints new CEO amid debt restructuring

2015-07-30 13:44

Edcon has named Bernard Brookes as its new CEO as the debt-burdened company tries to restructure its debt to repay bondholders.

UK's 'big four' grocers lose more ground

2015-07-28 12:30

All of Britain's so-called 'big four' supermarkets have seen sales fall over the last 12 weeks in an overall market that grew marginally.

PnP eyes 5 000 jobs a year through waste plan

2015-07-27 14:06

Pick n Pay has announced an ambitious campaign focusing on food waste, energy inefficiency and the waste of human talent due to high unemployment levels.

Steinhoff offers to buy Iliad Africa

2015-07-23 15:42

Steinhoff has offered to buy home improvement chain Iliad Africa for R1.34bn, with Iliad shareholders to receive R10 per share.

No Pharrell, Woolworths crisis meeting - official

2015-07-22 21:15

The City of Cape Town has denied holding a crisis meeting about a planned protest at the upcoming concert by Grammy winner Pharrell Williams in Cape Town.

Truworths expects earnings to beat estimates

2015-07-16 14:45

Truworths International says its full-year headline earnings per share have grown by between 2% and 4%, beating the 1.7% forecast by Thomson Reuters.

May's retail trade sales increases by 2.4%

2015-07-15 13:47

Retail trade sales have increased by 2.4% year-on-year for May 2015, according to Statistics SA.

Outright bankruptcy of Edcon is remote - hedge fund

2015-07-15 09:59

IN-DEPTH: Bain's R25bn leveraged buyout of Edcon Holdings in 2007 hasn’t quite gone to plan, with concerns that the loss-making giant may default on bond payments.

Lewis to co-operate with Tribunal on complaints

2015-07-09 15:41

Lewis Group says it will co-operate with the National Consumer Tribunal in a case regarding alleged breaches of the National Credit Act.


Italtile finalising results

2015-07-30 16:31

Italtile says its performance is attributable to continued implementation of the group’s business optimisation programme in key areas.

E-commerce security important

2015-07-28 18:32

A key element of establishing credibility in the e-commerce market is robust security, says an expert.

Future of retail in spotlight at congress

2015-07-27 17:11

The annual SACSC congress will see shopping centres and retailers shine a light on the opportunities and challenges of the current market.

Zim's biggest retailer feels bite as consumer demand dwindles

2015-07-24 15:30

Zim’s biggest grocery retailer OK Zimbabwe has posted a 7.5% drop in net sales for the first quarter to June 2014.

SABMiller sales rise on Latin American demand

2015-07-23 10:04

SABMiller has reported a rise in quarterly sales, helped by higher demand for beverages in Latin America and Africa, which were offset by declines in Europe.

Retailers still head to SA despite slow economy

2015-07-16 17:27

Despite sluggish economic growth SA remains a popular investment destination for consumer food service and apparel and footwear companies, research shows.

R2.4bn BEE pot matures for Woolworths staff

2015-07-16 11:53

A black economic empowerment scheme of Woolworths, which has created R2.4bn for its participants, has now matured, says the company.

Curro confirms negotiations with Advtech

2015-07-15 13:21

Curro Holdings says it’s in talks with Advtech as the company seeks to take advantage of demand for private education in the country.

Leaning on pizzas to make Starbucks an SA reality

2015-07-15 07:35

The holding company that is bringing the iconic international coffee brand to South Africa has explained how and why the concept will take off.

Lewis to be investigated over credit insurance

2015-07-09 11:34

SA's credit regulator has asked the National Consumer Tribunal to impose a fine on Lewis Group for allegedly mis-selling credit insurance.

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