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Visa Checkout takes on more than 100 merchants

More than 100 merchants are among the first wave of South African online retailers to use Visa Checkout, including Aramex Global Shopper, Discovery, Emirates Airline, TicketPro, WebTickets and Yuppiechef...

1 hour ago

Edcon transaction gets a mixed reception

News earlier this week that Edcon would now belong to its creditors, after a debt-to-equity transaction, has been met with muted applause by analysts...

By Colleen Goko 23 Sep 2016

Lowest investment in manufacturing in seven years

Investments by local manufacturers in the first half of 2016 dropped by the most in seven years as weak domestic demand, declining orders and pressure on selling prices eroded profits...

By Fifi Peters 22 Sep 2016

Zara owner Inditex profits rise as quick-trend model pays off

MADRID - Zara-owner Inditex posted a rise in first-half profits Wednesday thanks to what analysts said was a well-honed business model allowing the Spanish group to beat rivals in whisking new trends to the shopfloor...

22 Sep 2016

Bain walks away from R25bn Edcon venture

Bain Capital will hand over ownership of the Edcon group to its creditors and walk away with nothing after its R25bn investment into the company nine years ago...

By Colleen Goko 22 Sep 2016

SARS could lose out on AB InBev bonanza

The Anheuser-Busch InBev (AB InBev) takeover of SABMiller may not prove to be as big a bounty for the taxman as initially thought, if South African-based retail investors opt to use Section 42 of the Income Tax Act to delay paying Capital Gains Tax (CGT) on their profits from the £45-a-share offer...

By Ann Crotty 21 Sep 2016

Edcon's banks and bondholders take control of the struggling retailer

Edcon has proposed a R14.4bn overhaul of its capital structure, to cede control of the clothing and footwear retailer's holding company to two other companies majority held by its creditors...

By Moyagabo Maake 21 Sep 2016

Start-up funding now available in reopened project

The manufacturing competitiveness enhancement programme (MCEP) was partially reopened on Monday, after a year-long suspension, to accommodate black industrialists in need of start-up funding...

By Fifi Peters 21 Sep 2016

EU probes Polish supermarket tax

BRUSSELS - The European Union on Monday opened a probe into Poland's new tax on supermarkets, risking to worsen a row with conservative-led Warsaw...

20 Sep 2016

MTN withdraws mobile money service in SA

MTN has pulled the plug on its mobile money service because of the "lack of commercial viability", it said on Thursday. This comes four months...

19 Sep 2016

GPI says Burger King will prove profitable in 2017

Empowerment group Grand Parade Investments (GPI) believed its investment in fast food brand Burger King, now operating 67 stores, would find profitable traction by mid-2017...

14 Sep 2016

Investors grill Mr Price management on poor quarterly performance

Mr Price Group's management fielded tough questions from incensed investors after the release of a dismal quarterly trading update from the retailer in August

14 Sep 2016

AVI results a mixed bag across units

Diversified consumer brands company AVI said on Monday that lay-by sales from its footwear division Spitz, where it sold imported Italian shoes, had spiked more than 50% in the past year, as consumers struggled to absorb price increases that had been implemented to counter rising costs...

By Fifi Peters 14 Sep 2016

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