Retail rewind - a year in review 2011

[Zeenat Moorad] The approval of the Wal-Mart/Massmart deal will go down as the highlight of the retail sector in 2011. 6 Jan 2012 08:19

Pick n Pay increases shareholding in TM Supermarkets

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

Judging panel announced for 2011 Diageo Awards

LONDON: The panel of judges has been announced for the eighth Diageo Africa Business Reporting Awards set to take place on 30 June 2011. The annual awards aims to encourage more prolific reporting of economic opportunities in Africa and to celebrate excellence in business journalism. 15 Mar 2011 10:37

OK dominates as Zimbabwe's preferred retailer

[Staff reporter] Zimbabwe's retail super-brand winner 2010, supermarket franchise Spar, and TM Supermarkets, the biggest supermarket by outlets, trailed rival OK Supermarkets as the most preferred outlet, with emerging Chinese-owned Afro-Foods Supermarkets taking the fourth spot. 21 Feb 2011 09:48

No word from Zimbabwe on halting deal

[Zeenat Moorad] SA's second-largest grocer, Pick n Pay, said on Tuesday (25 January 2011) that it had not received any notification from the Zimbabwean government of its intention to halt its bid to acquire 24% of Zimbabwean retailer TM Supermarkets. 26 Jan 2011 09:10

Massmart sells Zim stores to OK Zimbabwe

[Dumisani Ndlela] South Africa's Massmart, a sitting duck for a US$2 billion takeover bid by US retailer Wal-Mart Store Inc., has sold its Zimbabwe unit to retail group, OK Zimbabwe. The deal ends months of speculation over Massmart's planned disposal of Makro Zimbabwe and the identity of the buyer. 10 Dec 2010 11:22

Hope for full global economic recovery in 2010 diminishes

NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index. 27 Oct 2010 06:22

Zim: An apparel shop and a funeral plan

[Dumisani Ndlela] There is a new signal that seasons have changed in Zimbabwe, and it is the apparel shops displaying "winter clearance sale" or "summer fashions just arrived" signs on their display windows. 23 Aug 2010 12:09

Pick n Pay to bailout Zim retailer

[Dumisani Ndlela] Meikles Ltd CEO Brendan Beaumont has confirmed negotiations with South Africa's Pick n Pay over Zimbabwe's TM Supermarkets, saying the supermarket chain requires US$21 million, or R167 million at the ruling exchange rate, in fresh capital. 24 May 2010 10:07

Pick n Pay to acquire Zim TM Supermarkets shares

[Dumisani Ndlela] South Africa's retail group Pick n Pay was said to have reached an agreement on extending its shareholding in Zimbabwe's TM Supermarkets, currently majority-owned by Kingdom Meikles. The deal is said to be part of a recovery plan for the Kingdom Meikles group, whose retail operations need significant cash injections for refurbishment and restocking. 10 May 2010 08:09

Zim retailer plans to double customer base

[Dumisani Ndlela] Retail group OK Zimbabwe, is expecting to double its revenues after re-launching its grand challenge which had been suspended two years ago due to an unprecedented economic crisis in the country. 26 Apr 2010 07:21

Zim: Clothing retail giants endure tough market

[Dumisani Ndlela] Clothing retail giants are finding that the battle for the cash market is turning tougher due to a proliferation of informal retail shops stocking cheap but quality merchandise from abroad. 8 Mar 2010 11:51

Counterfeits on Zim's market

[Dumisani Ndlela] Zimbabwe's manufacturers are grappling with a surge in counterfeit consumer products on the retail market, ranging from food items to farming inputs. 22 Feb 2010 06:39

Zim retailers sideline wholesalers as competition intensifies

[Dumisani Ndlela] Zimbabwe's retail players are circumventing wholesalers in the country's supply chain as retail competition in the country intensifies. Retailers are seeking direct relationships with manufacturers in order to cut prices and keep customers in a highly competitive market. 17 Sep 2009 13:53