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Value added services made easy for South African retailers

A Cape Town-based fintech business, Electrum, is providing retailers and banks with the technology platform that they need to connect their systems to VAS providers...

20 hours ago

Alibaba unit invests $200m in South Korea's Kakao Pay

Alibaba's payment affiliate Ant Financial will invest $200 million in a unit of South Korean messaging giant Kakao, the companies said on Tuesday...

1 day ago

Buffett's Walmart sell-off is bad news for retailers

Billionaire investor Warren Buffett has dumped 90% of his Walmart shares, worth $900m...

By Colleen Goko 2 days ago

Woolworths' earnings per share drop

Despite difficult trading conditions in both South Africa and Australia, Woolworths Holdings announced that group sales increased by 6.7% to R37.8bn and profit before tax increased 37.9%, following the sale by David Jones of its Market Street property in Sydney for a profit of $172m (R1762m)...

17 Feb 2017

Woolworths confirms more local sourcing

Woolworths is looking to source more goods from SA and SADC and, despite ‘tough' retail scene, expects to grow market share...

By Colleen Goko 17 Feb 2017

The case for investing in SA's fuel retail sector

Whether one is considering taking a leap into entrepreneurship or thinking of adding to one's growing business portfolio, investing in the fuel retail sector might offer...

By James Noble 15 Feb 2017

Moody's withdraws all its ratings on Edcon

Moody's Investors Service has joined other rating agencies and withdrawn all of its ratings on Edcon. Earlier this month S&P Global also announced...

By Colleen Goko 15 Feb 2017

Gold Brands makes ‘hot' investment in Greek burger chain

Gold Brands Investments has agreed to purchase a 50% stake in Hot Hot B Holdings, which owns Hot Hot Burger Bar, a themed burger restaurant chain...

15 Feb 2017

‘Love Index' shows South Africans still romantic at heart

The annual ‘Mastercard Love Index' reveals South African shoppers feel loved and are spending more on Valentine's Day...

14 Feb 2017

Franchising outlook - challenges to face and sectors to watch

The franchising sector has found its way through the slow economy with industries such as the fast food segment showing growth in 2016...

8 Feb 2017

PIC mum on detail of its Distell stake

Almost two months since the Public Investment Corporation (PIC) emerged as the unlikely purchaser of Anheuser-Busch InBev's (AB InBev's) 26% stake in Distell...

6 Feb 2017

eCommerce MoneyAfrica Confex opens in Cape Town in February

The third eCommerce MoneyAfrica Confex opens on 22-23 February 2017 at the Cape Town International Convention Centre...

6 Feb 2017

Cardtronics acquires Spark ATM Systems to enter African market

Cardtronics, which provides services to approximately 225,000 ATMs in North America, Europe and Asia-Pacific, has acquired Spark ATM Systems...

6 Feb 2017

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