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Dischem gets RAC nod for likely listing

Investment firm RECM and Calibre (RAC) - headed by investment personalities Piet Viljoen, Jan van Niekerk and Theuns de Bruyn - has made rosy returns on its holding in healthcare retailer Dischem, which is reportedly being prepped for a JSE listing...

By Marc Hasenfuss 2 days ago

Bigger Rextru stake eludes Golding and Roberts

Empowerment pioneer Marcel Golding and well-heeled investor Hugh Roberts have failed to sew up a significantly bigger stake in fashion retailer Rex Trueform (RexTru)...

By Marc Hasenfuss 3 days ago

McDonald's franchise spinoffs tamp down earnings

NEW YORK - McDonald's' "All-Day Breakfast" fueled firm sales gains in the second quarter despite weak growth across the fast food industry, the company reported Tuesday...

27 Jul 2016

Pick n Pay's new structure 'not enough'

The pyramid structure that secured control of Pick n Pay in the hands of the Ackerman family is set to be unwound, 36 years after it was put in place to ward off a suspected hostile bid...

By Ann Crotty 26 Jul 2016

AB InBev raises its offer for SABMiller to £45

Anheuser-Busch InBev raised its offer for SABMiller to £45 from £44 and sweetened its share alternative on Tuesday...

By Robert Laing 26 Jul 2016

Shareholders vote to delist Pick n Pay Holdings

At an extraordinary general meeting, preceding the Pick n Pay AGM held on 25 July 2016, the majority of shareholders voted in favour of the group's proposal to modernise its pyramid ownership structure...

26 Jul 2016

Lewis investor battle escalates

The battle between shareholder activist Dave Woollam and the directors of Lewis Stores escalated this past week, with the lodging of papers at the High Court in Cape Town on Wednesday that could see the minority shareholder have the directors declared delinquent...

By Ann Crotty 25 Jul 2016

Truworths: UK shoe will pinch

While Truworths' entrance into the UK consumer market proved a boon for the retailer in the year to end June, the region is unlikely to provide another fillip, in the wake of Brexit...

By Colleen Goko 25 Jul 2016

Strong operations in West Africa lift Shoprite results

Shoprite's stronghold in West Africa helped the domestic retailer report better-than expected results in July, but the company has yet to successfully branch out in East Africa...

By Colleen Goko 22 Jul 2016

Five creative ways to save money on your next shopping

Shopping is a fantastic and necessary experience, and can even be a form of stress therapy. However, it can push you into a financial abyss if you're not careful...

Issued by Naija Writers’ Coach 22 Jul 2016

Regular internal audits essential for retailers

According to a recent survey conducted by Mazars during June 2016, across 120 respondents, many retail organisations lack a clear understanding of the purpose of the internal audit function...

22 Jul 2016

Pick n Pay minorities oppose new structure

Pick n Pay's annual general meeting (AGM) next week looks certain to be another humdinger as smaller shareholders vent their opposition to the proposed restructuring of the Ackerman family's control...

By Ann Crotty 21 Jul 2016

Shoprite jumps 10% on trading update

Investors jostled to get hold of Shoprite shares on Wednesday, boosting the market value of Africa's biggest grocery retailer R10bn, making it the top performer on the JSE on the day...

21 Jul 2016

Mobile customers demand convenience when browsing, paying

Research, undertaken by PayU, an online e-commerce payment gateway in South Africa, has shown there are higher conversion rates at checkout when there are less friction points and that the most frequent online shoppers are purchasing through mobile...

20 Jul 2016

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