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The story of the African consumer

Trying to define the average African consumer is near impossible. Tastes and shopping habits are unique to each country, with differences found between regions and even cities within a country.

By Laine Barnard 3 Jun 2014 08:59

Famous Brands revenue up 12%, expands further in Africa

Famous Brands, which owns Steers‚ Wimpy and Debonairs, plans to open 243 new restaurants in the coming year after reporting record turnover and profit for the year. It is also planning to enter Angola and Ghana.

By Zeenat Moorad 20 May 2014 06:29

Bottom line: It's about Africa

Africa is the story, actually the big story is Africa*. This was the message from Malcolm Horne, of Broll at the fourth South African Council of Shopping Centres (SACSC) annual research conference.

By Danette Breitenbach 11 Apr 2014 09:35

SA vs Botswana: The Woolworths price difference

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

Edcon to begin retrenching at Edgars from May

Edcon will start retrench staff at its core Edgars chain in May‚ in a bid to reduce operating costs.

By Zeenat Moorad 19 Feb 2014 09:23

Luxury goods firms taking the battle to Africa

Investment interest has grown in Africa's frontier markets this year and the region is set to become a key battleground for the luxury goods industry.

By Zeenat Moorad 27 Dec 2013 10:57

Woolworths buys back African franchises

Woolworths said on Tuesday, 5 November, that it had signed agreements to purchase its franchise businesses in Botswana‚ Namibia‚ Swaziland and Ghana.

By Zeenat Moorad 6 Nov 2013 10:46

Luxury brands turn attention to Africa

Africa's growing middle class has expensive tastes and research by Bain & Company suggests that luxury goods sales will increase by 11% this year - demonstrating the continent's potential for upmarket goods.

By Zeenat Moorad 5 Nov 2013 09:50

Shoprite turnover up 10.2% for September quarter

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

Retailers hit sweet spot in Africa

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

Shoprite earnings rise 11% in 'challenging' year

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

Builders Warehouse opens in Francistown, Botswana

On 25 July 2013, Massmart opened its second Builders Warehouse in Botswana, in Francistown.

29 Jul 2013 11:55

Sharp drop in Pick n Pay's earnings

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

Truworths profit of R1,9bn in six months

Fashion retail group Truworths International on Wednesday (20 February) reported a 19% increase in diluted headline earnings per share to 324.8 cents for the six months to December.

21 Feb 2013 08:18

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