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Research shows boom in mobile banking

Globally, over 2bn mobile users will have used their devices for banking purposes by the end of 2021, compared to 1,2bn this year...

19 Oct 2016

Burberry sees UK sales sparkle on Brexit-hit pound

LONDON - Luxury fashion giant Burberry, famed for its designer handbags and trenchcoats, said Tuesday that British sales have soared since the Brexit vote as tourists took advantage of the plunging pound...

19 Oct 2016

Pick n Pay overcomes tough trade conditions and refurbishment disruption

Grocery chain Pick n Pay hiked its interim dividend 23.6% to 29.9c in its results for the 26 weeks to August 28 released on Tuesday morning...

By Robert Laing 19 Oct 2016

PSPs collaborate to enable South African retail websites to sell into high growth markets

To enable South African retail websites to sell into high growth markets, leading payment service providers PayU and Computop have entered into a partnership...

18 Oct 2016

PayPal co-founder raises $100m for new payments startup

WASHINGTON - Affirm, a startup led by PayPal co-founder Max Levchin, said on Thursday it secured $100m in financing to expand its consumer lending business that aims to disrupt the credit card industry...

17 Oct 2016

#BeyondRetail2016: Can retail save the SA economy?

The question of retail's power to restore SA's economy was addressed by various speakers at the Beyond Retail 2016 event. These are the top outtakes from 'the economist's view' as shared by Dr Azar Jammine of Econometrix...

By Leigh Andrews 14 Oct 2016

Indebted Taste bets on Starbucks

Pretax losses at franchising group Taste Holdings widened to R45.5m in the six months to end-August, but the longer-term profit potential of the Starbucks coffee brand has started to percolate through since being launched in April...

By Marc Hasenfuss 14 Oct 2016

Edcon launches money transfer service

Edcon, in partnership with the South African Bank of Athens and Blue Label Telecoms, has launched its first ever money transfer service, MoovaMoney...

13 Oct 2016

Taste Holdings sees significant gains in licensed brand strategy

Taste Holdings has released its interim results to August 2016, which show the South African-based management group has experienced significant gains in its licensed brand strategy, as the Domino's Pizza business settles down and Starbucks Coffee draws consumer interest...

13 Oct 2016

Verimark returns to profit in first half, but no dividend

Direct response retailer Verimark returned to profit on flat sales in the six months to end-August, it reported on Wednesday morning...

By Pericles Anetos 13 Oct 2016

Starbucks and Domino's widen Taste's loss

The costs of establishing Starbucks and Domino's in SA caused Taste Holdings' interim loss to widen.

By Robert Laing 13 Oct 2016

Cheers set to end in a whimper

SABMiller's 119-year history on the JSE is set to end in something of a whimper as the steadily weakening pound eats into the sale premium expected by South African shareholders...

By Ann Crotty 12 Oct 2016

Nigeria's slowdown affects retail, investment opportunities

According to Broll Nigeria, retail landlords have had to offer rental concessions in order to retain tenants in Nigeria and falling commodity prices, coupled with the depreciation of the naira, have contributed to the reduction of Nigeria's attractiveness as an investment destination in general...

12 Oct 2016

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