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Italtile declares dividend of 29c per share for full year

Tile and sanitaryware retailer Italtile reported on Thursday that headline earnings per share increased 21% to 86.9c in the year to end-June...

By Pericles Anetos 2 days ago

Massmart halves its interim dividend

Massmart halved its interim dividend to 74.1c from the matching period's 146c...

By Robert Laing 2 days ago

Woolworths manages to grow after-tax profit

A late winter depressed clothing sales, but retail chain Woolworths still managed to grow after-tax profit 40% to R4.35bn, it reported on Thursday morning...

By Robert Laing 2 days ago

Lewis court case depicts frequent bad debt frenzy

Court papers in the unprecedented legal battle between furniture retailer Lewis Group and shareholder Dave Woollam provide details of the extremes to which management allegedly went to hide the grim reality of the group's poor performance...

By Ann Crotty 3 days ago

PayU launches one-click checkout to boost online sales

PayU has launched a real time recurring (RTR) offering, called PayU Xpress that provides South Africa's e-commerce stores with a platform for their shift to a one-click checkout, offering increased customer engagement and the potential for increased sales through improved customer conversions...

3 days ago

Higher wheat import duties mean bread will cost R1 more a loaf

A loaf of bread will cost South African consumers nearly R1 more to buy at the till following the approval of an increase in the import duty on wheat, according to the National Chamber of Milling...

24 Aug 2016

Shoprite profit growth outpaces sales‚ despite hold on increases

Grocery chain Shoprite grew profit faster than sales despite holding food price increases below inflation, CEO Whitey Basson said in its results statement on Tuesday...

By Robert Laing 23 Aug 2016

Profit warning sends RCL tumbling 6%

RCL Foods' share price endured a plucking on Thursday after its profit warning sent SA's second-largest chicken producer falling as much as 6% on the JSE...

By Fifi Peters 23 Aug 2016

Wal-Mart shares jump as US stocks flat

NEW YORK - Wal-Mart Stores jumped on Thursday on better-than-expected second-quarter earnings, while the broader market was essentially flat in early trade...

23 Aug 2016

Truworths boosts full-year earnings through entry into UK consumer market

Truworths' leap into the UK retail sector propelled its full-year earnings into double-digit growth, but the market was unimpressed, sending its share price plummeting 8.2%...

19 Aug 2016

Nestlé posts sluggish first half profits

GENEVA - Nestlé, the world's largest food company, on Thursday reported a 9.1 percent fall in profits through the first six months of 2016, but said its sluggish performance should be reversed in a strong second half...

19 Aug 2016

Retail sales growth hits low gear in tight times

Retail sales growth slowed much more than expected in June compared to a year ago, as consumer spending continues to be under pressure...

By Ntsakisi Maswanganyi 18 Aug 2016

Coke giant says sugar tax clouds merger vows

Coca-Cola Beverages Africa (CCBA), the largest bottler of fizzy drinks on the continent, may backtrack on its commitment to invest R800m in enterprise development in SA if the Treasury imposes a tax on sugar-sweetened beverages...

By Fifi Peters 18 Aug 2016

Fawu's fight in AB InBev's takeover of SABMiller pays off

Workers at South African Breweries (SAB) who own shares through the Zenzele scheme are to get an average advance payment of about R32,000 when the deal with Anheuser-Busch InBev (AB InBev) goes through, following a hard-fought battle by the Food and Allied Workers Union (Fawu)...

By Ann Crotty 16 Aug 2016

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