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Sovereign 'not a financial burden'

The acquisition of Sovereign Foods would not be a financial burden for Country Bird Holdings (CBH), CEO Marthinus Stander said in response to charges by Sovereign that his company was using the acquisition to get out of financial difficulty...

7 hours ago

Italtile increases sales despite stressed consumers

Tile and sanitary ware manufacturer Italtile' s sales grew 14.7% to R2.9bn for the first five months to end-November, it said in a sales update on Monday morning...

By Pericles Anetos 1 day ago

Heiress to Nina Ricci fortune launches tax fraud appeal

PARIS - The heiress to the fortune of French couturier Nina Ricci on Thursday launched an appeal to avoid jail time for tax fraud, in one of the toughest sentences of its kind in French fiscal history...

1 day ago

Sappi cracks it back into JSE top 40 index

Paper and pulp producer Sappi has made it back into the top 40 index, marking a roundly successful year in which it paid a dividend for the first time since 2008 after nearly doubling full-year net profit while cutting net debt...

By Andries Mahlangu 1 day ago

Gilt wears thin for Gold Brands franchise holders

When Gold Brands Investments, owner of the Chesa Nyama fast-food franchise, listed on AltX 11 months ago, the share price plummeted 45% to end the first day of trading at R1.12 a share. It has barely recovered since...

By Palesa Vuyolwethu Tshandu 1 day ago

A checklist for your annual December holiday shutdown

If you're the owner or manager of a small-to-medium business outside the retail and hospitality industries, you're probably looking forward to the annual break...

By Anton van Heerden 2 Dec 2016

Growth of self-service banking channels across Africa will spur retail, wholesale sectors

The demand for online, multi-channel solutions by an increasingly mobile consumer base is a key trend that will drive the growth of self-service banking channels across Africa. This in turn will create new opportunities for South Africa's retail and wholesale trade sector to maximise growth...

29 Nov 2016

Good news and bad for local poultry industry

The good news for the poultry industry is that the worst of the drought is over. The not-so-good news is that the full benefits may take another six months to materialise...

By Ann Crotty 28 Nov 2016

Retailers oppose debt-relief plan

MP criticises clothing companies for making credit too easily available to consumers...

By Linda Ensor 28 Nov 2016

Grand Parade bails out of Spur deal

Empowerment group Grand Parade Investments (GPI) - which is rolling out the Burger King franchise in SA - has cancelled its premium-priced order for a huge helping of Spur Corporation shares...

By Marc Hasenfuss 28 Nov 2016

US consumers blow $3.34bn on Black Friday, break mobile shopping record

It was an extremely healthy Black Friday for US retailers according to new data released by Adobe...

By Andy Walker 28 Nov 2016

Finding solutions to the growing chargeback challenge

Increasing sophistication in card fraud is reason for concern. Not only for banks, but most especially for online merchants, who are at risk of losing their ability to trade should they be implicated in repeat fraud attempts and excessive customer disputes...

By Kyle Rozendo 25 Nov 2016

Sovereign to ditch BEE plans

Thirteen months after it first proposed the creation of a controversial black economic empowerment (BEE) scheme, Sovereign Foods has told shareholders it has decided to abandon the plan...

By Ann Crotty 25 Nov 2016

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