Trust a big factor for e-commerce in Africa

17 minutes ago

Trust is probably the biggest factor relating to e-commerce in Africa at the moment, delegates hear at the 3rd Annual eCommerce MoneyAfrica Confex.

Shoprite changes growth compass as Steinhoff talks fail

2017-02-21 11:06

Shoprite Holdings will focus on expansion outside Africa after talks with Steinhoff International Holdings to create the continent’s biggest retailer fell apart.

Shoprite, Steinhoff shares surge as merger talks collapse

2017-02-20 11:42

Shoprite and Steinhoff say they will no longer pursue their proposed merger as the parties involved could not reach agreement on the share exchange ratio.

Winning women: Teasing the taste buds

2017-02-19 06:02

Gauteng-based catering company By Word of Mouth has been teasing taste buds for nearly a quarter of a century, thanks to its dynamic founder and owner, Karen Short, writes Sue Grant-Marshell.

Nestlé sees slower sales as new CEO plans restructuring

2017-02-16 09:54

Nestlé's SA forecast 2017 sales and profitability has been below its long-term targets as new CEO Mark Schneider steps up restructuring efforts to reignite growth.

Italtile increases profit despite tough competition

2017-02-13 19:31

Italtile's interim results show an increase of 12% in trading profit to R594m compared to the previous six month period.

Spar Group increases sales

2017-02-08 18:29

The Spar Group has increased sales by 16.9% from R21.9bn to R25.6bn for the 13-week trading quarter ended 31 December 2016 over the comparable period in 2015.

Four Richemont brand CEOs said to depart as overhaul widens

2017-01-31 07:36

Richemont plans to expand its management overhaul by naming new chief executive officers of four luxury brands including Alfred Dunhill.

Clicks sales up 13.6% on strong Christmas trading

2017-01-26 10:25

Health and beauty retailer Clicks has continued to show resilience despite current weak consumer spending, with a sales increase of 13.6% in the 20 weeks to mid-January

Cartier tones down glitz in Geneva as watch makers slowly rebound

2017-01-23 18:31

Cartier’s subdued display at Geneva’s luxury watch show, usually packed with lavish, gem-encrusted timepieces, illustrates the more sober mood of Swiss watchmakers.


Christo Wiese says he'll learn from failed merger talks

2017-02-21 18:41

Shoprite chairperson Christo Wiese says the grocer has learned from failed merger talks with Steinhoff International and there are still ways that they can work together.

Who will Steinhoff target next after talks sour with Shoprite

2017-02-20 19:31

The collapse of the talks between Steinhoff and Shoprite to create Africa’s biggest retailer raises questions about Steinhoff’s next move, according to an analyst.

Danone to slash costs as sales growth slows

2017-02-19 12:07

French dairy giant Danone has unveiled a $1.1bn cost-cutting programme as it said that sales growth has slowed last year.

How Black Friday ruined Christmas for SA retailers

2017-02-17 11:49

South African consumers have shifted their Christmas spending from December to November, with Black Friday retail promotions changing their purchasing behaviour.

Woolies maintains dividends as foods division sees growth

2017-02-16 08:36

Woolworths says it will maintain its dividend payout for the 26 weeks ended 25 December, as it announced a 4.3% drop in headline earnings per share.

Restructuring takes fizz out of Coke profits

2017-02-10 15:15

Coca-Cola's profit has fallen 55% in the most recent quarter, as the world's biggest beverage maker restructures its business.

How SA's big supermarket chains keep out small suppliers

2017-02-03 10:38

SA's economy needs more organised and sustainable measures to increase the participation of emerging suppliers in supermarket value chains, says a researcher.

Swiss watch exports have worst year since 2008

2017-01-29 15:01

Swiss watch exports have seen the biggest drop in seven years, as high-end timepieces have gone unsold on shelves in Hong Kong, the industry’s largest market.

Dubai shopping festival attracts millions

2017-01-25 18:45

The annual Dubai Shopping Festival attracts over three million visitors per year and presents world-class retail, entertain and food experiences.

UK retail-sales slump hints at cracks in Brexit boom

2017-01-20 13:16

UK Chancellor of the Exchequer has told a Davos gathering that an inflation pickup will put a damper on consumers this year. The first signs may already be appearing.

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