Steinhoff appoints Lehman Brothers insolvency veteran to board

2018-08-16 12:59

Steinhoff International has moved to appoint insolvency expert Paul Copley to its supervisory board as the troubled global retailer seeks to strengthen management.

UK retail sales rebound in July on warm weather, discounts

2018-08-16 11:18

UK retail sales have bounced back strongly in July as warmer weather and extended discounts at stores encouraged shoppers to open their wallets.

Jail the culprits, take their 'stuff' to curb more scandals like Steinhoff, urges author

2018-08-15 14:48

Putting culprits in jail and taking their "stuff" are the only ways to deter Steinhoff kinds of scandals, says the author of a book on the embattled retailer.

Someone must take the fall at Steinhoff - maybe even more than one individual, says strategist

2018-08-15 11:53

Steinhoff did a good job in projecting only the positive and never deviated from its openly communicated strategy, says a strategy and change leadership expert.

Tekkie Town founders announce new chain store Mr. Tekkie

2018-08-13 21:21

Amid a court challenge over Steinhoff's acquisition of Tekkie Town, Tekkie Town's founders have announced the launch of a new retail chain supplier of branded sports apparel and footwear.

Another win for Namibia’s Shoprite staff

2018-08-12 06:00

Shoprite has once again given in to pressure from its employees in Namibia, withdrawing its court case against the workers after it earlier withdrew a lawsuit.

Bearded millennials are causing a crisis in the razor industry as the unshaven look loses its bad reputation

2018-08-09 08:49

Beards remain extremely popular, especially among millennials. 

KFC has a new Colonel Sanders — and it's George Costanza from Seinfeld

2018-08-06 16:14

KFC's newest Colonel Sanders is Jason Alexander, best known for playing George Costanza on Seinfeld.

These R113,000 bicycle wheels weigh less than a MacBook, and are in demand in South Africa

2018-08-02 07:41

The purchase price might be staggering, but special technology promises longevity and lower running costs.

 

Investors dump Tiger Brands after profit warning

2018-08-16 12:31

Tiger Brands share price slumped more than 10% after the food, home and personal care products maker warned that annual profits would be up to 37% lower than the previous year.

Shoprite on a mission to help cash-strapped consumers with thousands of under-R5 buys

2018-08-15 18:08

The Shoprite Group says it is subsidising staple products to help counteract the strain on consumers' pockets.

Hawks seeks Interpol help with Steinhoff

2018-08-15 14:14

The Hawks has asked Interpol to help investigate financial wrongdoing at Steinhoff International after the global retailer reported a hole in its accounts.

Africa's top 3 independent retail categories that beat their global peers

2018-08-15 10:12

Africa's independent retailers are bucking global trends, enjoying sales volumes 25% higher than the international average, says a new report.

We visited a Checkers some say threatens Woolworths – and found R36/kg chicken sharing an aisle with R1,300/kg salmon

2018-08-13 05:53

A new style of Checkers stores features mood lighting and extremely expensive booze – as well as cheap hamburgers and cheaper maize meal.

McDonald's just opened a new restaurant that looks like an Apple Store — and it reveals a blueprint for the future of the fast-food giant

2018-08-11 12:03

It features table service, ordering kiosks, and more than 70 trees inside the building.

Firms linked to Markus Jooste, Claus Daun bagged millions dealing in cheap JD stock

2018-08-08 08:38

A few years after taking the reins of the retailer that became Steinhoff International, Markus Jooste was involved in a series of complex trades that yielded a multimillion-rand payday for companies linked to him and board member Claas Daun.

Burberry is changing its logo for first time in two decades

2018-08-06 12:17

Burberry has changed its logo for the first time in 20 years, revealing the new look via an Instagram post.

How SA's 2 000 shopping malls stack up against other countries

2018-08-03 06:23

SA has 1 959 individual shopping centres - taking up an estimated 23.4 million square metres - placing the country 8th in a recent international study.

Tekkie Town founder sues STAR, Pepkor for R41.6m

2018-08-02 06:29

Tekkie Town founder Braam Van Huyssteen is suing Steinhoff Africa Retail and Pepkor Speciality for breach of contract and wants them to pay him R41.6m.

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