Subscribe to industry newsletters

AECI plans to reduce its reliance on a weak SA

JSE-listed AECI plans to start producing explosives in Australia by year-end‚ as the chemicals and explosives firm looks to reduce its reliance on South Africa's weak mining and manufacturing sectors.

By Nick Hedley 30 Jul 2014 12:13

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

African fund eyes JSE

JSE investors will gain access to the dollar-based returns generated by shopping centres, offices, warehouses and hotels in countries such as Morocco, Mozambique, Kenya, Ghana and Nigeria when Sandile Nomvete's Delta Property Fund brings the first outright African real estate offering to the market next month.

By Joan Muller 20 May 2014 06:12

Ford's sub-Saharan drive may benefit SA plants

As Ford's only manufacturing operation in the Middle East and Africa‚ Ford Southern Africa is in pole position to benefit from the group's decision to intensify marketing and production in sub-Saharan Africa‚ says Stephen Odell‚ president of Ford's European‚ Middle East and African operations.

By David Furlonger 11 Apr 2014 05:25

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

Famous Brands half-year earnings up 20% to 180c

Fast food group Famous Brands reported a 20% increase in headline earnings per share to 180c for the six months to August.

29 Oct 2013 10:34

Truworths slows drive into Africa

Truworths has adopted a cautious and incremental approach to store expansion plans outside SA in order to gain a better understanding of the operating environment and the market potential, the fashion retailer said in its annual report, released last week.

By Zeenat Moorad 30 Sep 2013 11:38

Quick meals for Africa

In SA, Famous Brands produces 265,000 cups of specially blended coffee a day. With 2,175 restaurants, the company, whose brands include Wimpy, Steers and Mugg & Bean, also makes 77m ice-cream cones a year. It's the big daddy of SA franchising, with a R9,7bn market capitalisation, and it wants to repeat its local success in the rest of Africa.

By Zeenat Moorad 16 Sep 2013 09:21

Africa fund heads for JSE

Three years ago only a handful of formal shopping centres exceeding 10,000m² were scattered across Africa north of SA's borders. And not a single JSE-listed property company had a presence on the continent.

By Joan Muller 16 Sep 2013 06:25

MTN's earnings up 22% to 654c

MTN on Wednesday (14 August) reported a 22% rise in headline earnings per share to 654c for the six months to June‚ up from 536c a year ago. Diluted headline earnings rose to 649c from 532c.

14 Aug 2013 13:05

SA among slowest growing African economies

Growth in SA will continue to lag that of other African countries‚ with the latest African Development Bank African Economic Outlook report released on Wednesday (7 August) listing the country among the 10 that will record the slowest growth this year.

9 Aug 2013 08:51

World Bank provides US$14,7bn to Africa

The World Bank committed a record US$14.7bn in its fiscal year to June to support economic growth and better development prospects in Africa despite uncertain economic conditions in the rest of the global economy.

1 Aug 2013 09:45

Unilever says Africa is next growth market

Unilever Global says Africa is its next growth market and has rolled out what it calls a sustainable living plan to the continent.

21 Jun 2013 07:41

Huge growth forecast for Africa's oil sector

Africa's oil and gas industry is poised for momentous growth despite regulatory and political challenges‚ according to a PricewaterhouseCoopers (PwC) report released on Wednesday (19 June)

20 Jun 2013 09:45

Hotels moving in on Africa's potential

With limited opportunities for expansion in SA, a slew of hospitality companies are eyeing the rest of the continent, for future growth as there is an under-supply of quality hotels and upbeat economic prospects.

By Zeenat Moorad 10 Jun 2013 11:39

Africa must implement open skies policy

Improving safety‚ cutting fuel taxes and liberalising regulation to allow for greater connectivity between African countries are some of the key issues that must be tackled to boost aviation on the continent‚ International Air Transport Association's chief executive Tony Tyler said on Tuesday, (4 June)

By Nicky Smith 5 Jun 2013 10:54

Africa is focus for international law firms

Expansion into Africa by the world's biggest law firms gathered steam on Monday (3 June) with the official tie-up between Norton Rose and Fulbright & Jaworski to form Norton Rose Fulbright.

4 Jun 2013 10:12

Japan offers US$10bn to Africa

TOKYO, JAPAN: Japan has pledged at least US$10bn in aid to Africa for the next five years as Tokyo prepares to host a major development conference for the resource-rich continent.

3 Jun 2013 10:26

Wind power to change Africa

Private investors smell profit in beefing-up the continent's over-stretched power grids and swarms of new wind turbines are soon expected to start going up.

28 May 2013 10:49

Beer sales keep SABMiller's profits flowing

Prospering from emerging markets such as Africa‚ SABMiller on Thursday (23 May) reported a 10% increase in group revenue to US$34.5bn for the year to March.

By Zeenat Moorad 24 May 2013 07:51

Show more