Massmart's results have "disappointed" in recent years, concedes the retailer's CE, Grant Pattison But this is about to change, he says. "It is now all about profit delivery."
By Stafford Thomas 10 Mar 2014 12:30
The first Clicks Pharmacy opened in Glengariff Street, Sea Point in 2004 and since then it has expanded its footprint to over 330 pharmacies across the country.
10 Mar 2014 12:09
Eskom is in a much better position to manage load shedding than in the last episode in 2008, Public Enterprises Minister Malusi Gigaba said on Thursday, 5 March.
7 Mar 2014 06:06
As the rand weakens and the pula strengthens, so consumers in Botswana find the gap in the cost of goods between South Africa and Botswana in Woolworths grows and not in their favour.
By Gwen Watkins 5 Mar 2014 16:02
Furniture and household goods group Steinhoff International Holdings reported a 39% rise in fully diluted headline earnings per share to 217.9c for its six months to December. Headline earnings were reported up 41% to 243 cents a share
By Nick Hedley 5 Mar 2014 09:29
South African vehicle sales declined 3.1% to 51‚814 units in February from the similar period a year earlier‚ according to the latest figures from the National Automobile Association of SA (Naamsa)‚ which warned of tough times for the domestic market this year.
4 Mar 2014 08:22
From 3 March 2014, Food Lover's Market will be stocking a diverse range of Waitrose products in 120 of its stores, following the announcement of its partnership with the UK retail giant. This coincides with Fruit & Veg City's 21st birthday.
28 Feb 2014 14:04
Retailer Massmart on Thursday, 27 February 2014, reported total sales had increased by 9.8% for the 53 weeks ended 29 December‚ over the previous year's 52-week period.
By Zeenat Moorad 27 Feb 2014 16:28
Amsterdam-based fashion brand, Scotch & Soda is the latest global store to launch into Africa via Sandton City.
26 Feb 2014 11:19
The South African motor industry's vision of building 1.2m vehicles a year by 2020 is almost certainly unachievable‚ Rick Hanna‚ the head of global consultancy PwC's automotive division‚ said.
By David Furlonger 26 Feb 2014 10:16
Shoprite Holdings has committed to a 10-year lease in The Green Precinct at Gosforth Business Park, one of Improvon's flagship developments in Gauteng. Grant Lewington, business development executive of Improvon, has confirmed that Shoprite's lease commenced in January 2014.
25 Feb 2014 10:33
The extent of JD Group's financial woes was revealed last week when SA's biggest listed furniture retailer reported a loss for the first six months of the year.
By Zeenat Moorad 24 Feb 2014 08:21
Emerging markets media and internet giant Naspers looks set to shut down a number of ecommerce sites run by its online investment arm MIH. At least three of the sites affected are part of the company's African Internet Accelerator (AIA) programme.
By Stuart Thomas 21 Feb 2014 14:46
Truworths will report its half-year financial results on Thursday (20 February), and is likely to highlight the deteriorating credit environment, owing to rising levels of consumer indebtedness.
By Zeenat Moorad 19 Feb 2014 09:36
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