Shoprite Holdings‚ Africa's biggest retail group‚ reported that its turnover had increased by 10.2% in the three months to September.
29 Oct 2013 09:59
Shareholders of Meikles Africa‚ Pick n Pay's Zimbabwean partner in retailer TM Supermarkets‚ are expected to vote for the final disposal of 10% of the group's shares to an employee share ownership trust to comply with the country's indigenisation policy.
By Tawanda Karombo 23 Oct 2013 07:33
Africa's scope for investment is steadily increasing and demand for more formal retail options from shoppers is following suit.
By Zeenat Moorad 26 Aug 2013 07:54
Retailer Edcon said on Thursday (22 August) that retail sales increased 3.2% to R6.205bn in the first quarter of the current financial year.
23 Aug 2013 10:07
Walmart-owned Massmart on Thursday (22 August) reported a 9.9% fall in first-half profits‚ as consumers in Africa's largest economy came under pressure.
By Zeenat Moorad 22 Aug 2013 10:25
In what it described as a challenging year‚ Shoprite Holdings‚ reported an 11.3% increase in headline earnings per share for the year to June‚ to of 675c.
By Zeenat Moorad 21 Aug 2013 09:00
Turnover at Pick n Pay's Zimbabwean joint venture TM Supermarkets grew by 5% during the quarter period to the end of June as the supermarket chain continues to boost its presence in the country by adding more outlets.
By Tawanda Karombo 16 Aug 2013 12:56
Pick n Pay has reported a 21.7% drop in diluted headline earnings per share to 109.61c despite a 7.1% rise in turnover to R59.3bn. Dividends fell by 35.8% to just 84 cents a share.
24 Apr 2013 06:48
Franchise restaurant group Spur Corporation last week reported diluted headline earnings per share of 89.91c for the six months ended December‚ up 35.3% from the previous period.
11 Mar 2013 06:59
Shoprite Holdings is steamrolling ahead with its African expansion - the retailer has 136 stores in the pipeline as it eyes fast growing oil-rich markets like Nigeria and Angola.
By Zeenat Moorad 20 Feb 2013 07:43
Despite growing concerns over Zimbabwe's continuing 51% indigenisation programme that has ruffled the feathers of foreign investors, South African retail giant Pick n Pay is expanding in Zimbabwe, with plans to open a new supermarket in Harare at the end of the month.
12 Jun 2012 14:54
Audio Branding comes to Africa... Audio branding, also known as sound branding or sonic branding, is the use of sound to reinforce brand identity. Sound branding is increasingly becoming a vehicle for conveying a memorable message to consumers by taking advantage of the powerful memory sense of sound.
By Lars Deutsch 16 Apr 2012 12:08
The approval of the Wal-Mart/Massmart deal will go down as the highlight of the retail sector in 2011.
By Zeenat Moorad 6 Jan 2012 08:19
On 8 December 2011, the shareholders of TM Supermarkets voted unanimously to allow Pick n Pay to purchase an additional 24% of shares, bringing its holdings up to 49%. The Competition and Tariff Commission of Zimbabwe agreed, subject to certain conditions pertaining to labour and local procurement of goods.
12 Dec 2011 10:53
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