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Woolworths shares fall almost 10% after poor HEPS forecast

The retailer also said on Monday that overall sales for the 26 weeks to December 24 grew just 2.5%<p>15 January 2018 - 09:43 Robert Laing<p>Picture: …

Tiger Brands eyes Africa expansion

Tiger’s chief financial officer, Noel Doyle, said the group was pursuing bolt-on deals – "which we’ve generally executed quite well" – and larger …

The Story of Fashion Retail Credit in South Africa

Most industries owe their levels of sophistication to the visionaries in their space. The South African credit industry is no different. Whilst the …

SA’s R43-Billion Private Label Retail category showing excellent growth potential

Johannesburg, 29 November 2017 – Despite tough trading conditions off the back of low economic growth and curbed consumer confidence there is still …

Supermarket Chain's Collapse Shows Perils of Africa's Hottest Retail Market

NAIROBI, Kenya -- The near-empty shelves and deserted aisles at a sprawling outlet of Kenya's homegrown supermarket giant, Nakumatt Holdings Ltd., here are reminders of the risks -- and opportunities -- presented by East Africa's biggest retail market.<p>The family-run retailer was once emblematic of …

Africa

A startup disrupting the prescription drug business in Africa is getting major Silicon Valley support

Greg Rockson, founder of mPharma, sometimes struggles to sum up the myriad services his three-year old startup provides. But it’s safe to say the Accra, Ghana-based company is starting to disrupt Africa’s pharmacy retail supply chain and is setting its sights on bigger targets beyond the …

Chamath Palihapitiya

Heineken begins construction of $100m Mozambique brewery

JOHANNESBURG - International brewer Heineken Holding on Monday laid the foundation stone of its first brewery in Mozambique, a $100 million …

Economic Development

Dark days for Steinhoff Africa after 10% drop

Steinhoff Africa Retail (Star) fell nearly 10% on the JSE, despite the group increasing its revenue to R58.6 billion on the back of a star …

South Africa

Signs of a turnaround at Edgars?

Much of the (really) hard work has been done by Edcon chief executive Bernie Brookes, who prevented an outright collapse of the massive retailer …

Woolworths in eye of a storm

The retail environment is changing dramatically, it is much more difficult to compete<p>Boardman said because Moir’s responsibilities were split between …

Tiger Brands profits slow in weak economy

Tiger Brands, South Africa’s biggest consumer foods maker, reported a sharp slow-down in profit growth on Monday and warned that competition would …

Is Mr Price getting its mojo back?

It has been two years of hard slog for Stuart Bird, the CEO of Mr Price, in returning the retailer to its glory days.<p>The latest leg of its turnaround …

Investing

No relief in sight for local clothing retailers in 2018

"I don’t think it will get significantly better for any of the retailers," he said. The clothing retail pie was getting smaller and being aggravated …

eCommerce

Where to shop this Black Friday in South Africa

Some South African online retailers are getting a jump start on the Black Friday craze, which will hit South Africa on 24 November 2017.<p>Due to its …

South Africa

Experts see a bright future despite retail turbulence

The uncertainty brought by the prolonged electioneering period and a tough operating environment characterised by low credit have seen the retail …

Kenya

Retailers need to use digital tools to improve operations

Retailers need to use digital tools to improve operations.Few could argue that South African retailers are having a torrid time. Faced with a slowing …

eCommerce

Bright future awaits African start-ups | Weekend Argus

A TWO-DAY investment summit held in Cape Town this week that sought to bring investment into Africa attracted more than 450 delegates.<p>The first-ever …

South Africa

#Trending: The rise of consumer resilience

© Vadim Georgiev via 123RF<p><i>The Next Normal: Rise of Resilience</i> was presented at the annual conference of the Pan African Market Research Organisation …

Trends

Health and beauty chain Clicks debuts digital signage solution in South Africa with Moving Tactics

Today’s customer expects to engage with retailers in an engaging and digitally interactive way in-store and retailers are focusing on this customer …

eCommerce

Forget Survival of the Fittest: It Is Kindness That Counts

A psychologist probes how altruism, Darwinism and neurobiology mean that we can succeed by not being cutthroat. Why do people do good things? Is …

Psychology

Tax avoidance might be legal but it's time we seriously questioned its ethics

Remember, remember, the 5th of November. Not, this time, for gunpowder, treason and plot. But for the news break by the International Consortium of …

Finance
Humanities

Mr Price cuts its cloth to suit a higher share price

Retailer Mr Price’s turnaround strategy has paid off as the group expects earnings per share to climb as much as 25% for the 26 weeks to September …

Investing

Foreign revenue boosts TFG

"There was a competitive process, but we got it at an extremely good price — part of the reason for which is that the other bidders were all private …

Management

Kenyan supermarket sector amongst best in sub-Saharan Africa

Kenya’s retail sector is still among the most attractive for long-term investors in sub-Saharan Africa.

Sub-Saharan Africa

Johannesburg’s inner city: the Dubai of southern Africa, but all below the radar | African Independent

Over the last 20 years Johannesburg has become an intense wholesale and retail centre for local hawkers and for traders from all over sub-Saharan …

eCommerce

Famous Brands’ half-year profit falls

South African fast food chain owner Famous Brands reported a 59% drop in half-year earnings on Monday after its British business weighed on profits …

European Union

Shoprite prepares Kenya entry to fill gaps left by Nakumatt

Shoprite Holdings is in talks to open its first stores in Kenya by filling retail space left empty by the struggling Nakumatt chain.<p>“We are currently …

Africa

Slowing sales in Africa hurt Shoprite share price

The sharp drop in Shoprite’s inflation rate, to 0.9% from the comparative quarter’s 7.2%, is good news for consumers<p>30 October 2017 - 11:32 Ann Crotty<p>…

Economics

90% of retail payments in Africa use cash

In Africa, 90% of retail payments are via cash, with only 10% of payments made electronically.<p>Compared to European payment methods where debit and …

FinTech