SABMiller's (SAB) fourth-quarter revenue growth fell short of analysts' expectations‚ sending the global brewing company's share price down by 2.21% on the JSE on Tuesday (15 April).
By Nick Hedley 17 Apr 2014 07:58
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
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
Many a retailer will sing to the tune of "The customer is always right", but not a lot actually live the phrase, much less invest any time or innovation in it. Luckily for you and I, this age of short-term vision is drawing to a close.
By Sindy Peters 5 Dec 2013 10:35
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
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
African markets to the northern parts of SA are proving lucrative for local fruit and vegetable retailers, with business accounting for at least 10% of turnover for the sector.
By Shannon Sherry 16 Aug 2013 11:15
E-commerce in Africa has grown dramatically over the past year, says Robin Philip of payment services provider PayGate, and is now in a position to support the massive consumer boom that's happening across the continent.
2 Jul 2013 09:46
The world's second-largest brewer‚ SABMiller (SAB) will begin construction of its planned 260‚000 hectolitre brewery in Namibia next month‚ the company said on Wednesday (6 March).
By Zeenat Moorad 7 Mar 2013 07:52
Engen Namibia has announced the appointment of Nangula Hamunyela as its first female MD, whose role will include maintaining market position and leading the company's next phase of growth. Nangula Hamunyela is the former MD of Nedloans - Nedbank's personal loans division in the country.
2 Aug 2012 06:50
SBV Services, who has been providing its cash operations services to the Nigerian market for over five years, is also active in Lesotho with plans being afoot to extend its footprint further into Africa, including Uganda and Namibia.
10 Jul 2012 09:27
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
NEW YORK, US: Global online consumer confidence fell for the seventh consecutive quarter as confidence in 31 of 56 global markets measured declined, according to from Nielsen, a leading global provider of insights and analytics into what consumers watch and buy.
9 Nov 2011 09:36
TransUnion, a global credit and information management organisation, has acquired majority shareholding in CRB Holdings Limited, signifying its bold expansion steps into Africa.
By Gregory Gondwe: @Kalipochi 28 Oct 2011 11:19
Fresh Living, the food magazine on South African shelves, continues to expand on its African footprint as it goes on sale this month in Mauritius.
10 Oct 2011 11:27
The First National Bank (FNB) Namibia have introduced a new Lifestyle Banking offering to its consumers, with a Z-Card produced by Pocket Solutions.The new offering provides consumers with four different lifestyle accounts.
27 Sep 2011 13:18
Core Group, the value added distributor of Apple in Southern Africa, announced last week that Incredible Connection Windhoek will be the first official Apple authorised reseller of iPad in Namibia.
29 Aug 2011 10:47
The global payment service company, Western Union, announced yesterday 23 August 2011 that it plans to expand its global agent network to Namibia.
24 Aug 2011 09:16
CAPE TOWN: The first phase of setting up a free trade area across 26 countries in Africa is expected to come into effect in three years, trade and industry minister Rob Davies said on Monday, 13 June 2011.
14 Jun 2011 12:00
Walmart may face a further hurdle in its bid to acquire local and regional retailer Massmart, after Namibia's antitrust body said it may appeal against a recent high court ruling in the US company's favour.
By Michael Bleby 20 May 2011 07:08
A billion Africans and 50 million bank accounts. In South Africa, credit cards are used by only 16.5% of the population (2008). No African country comes close to 1% of total retail spend spent online - the magic figure which constitutes the tipping point for digital retail growth. No wonder, then, that the ecommerce market in Africa hasn't bloomed.
By Herman Manson: @marklives 12 May 2011 18:55
The world's largest retailer Wal-Mart has confirmed that the High Court of Namibia has unanimously upheld its application to invalidate all conditions attached by the Namibian Competition Commission on its approval of the proposed acquisition of Massmart (MSM).
3 May 2011 10:27
JOHANNESBURG: Scooters Pizza has opened a store in Windhoek, Namibia - its first foray out of South African borders. According to CEO of Taste Holdings Food Division, Christo Calitz, Namibia's economy has steadily grown since independence from South Africa in 1990, and Windhoek's burgeoning new market provides a perfect base for Scooters Pizza to expand and increase its market share, in line with the brand's expansion goals.
16 Feb 2011 11:10
NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.
27 Jan 2011 11:00
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
Hifikepunye Lucas Pohamba, president of Namibia, was awarded the 2010 FANRPAN Food Security Policy Leadership Award earlier this month. The award was announced at the FANRPAN Annual Regional Policy Dialogue in Windhoek.
13 Sep 2010 10:34
WINDHOEK: European Union (EU) trade commissioner Karel de Gucht has appeased leading European civil society organisations about the negotiations for a Southern African economic partnership agreement (EPA), promising "not to put undue pressure" on countries.
By Servaas van den Bosch 2 Aug 2010 09:10
Fresh from an impressive 52-week sales update, retailer Massmart Holdings, has announced the buy-out of Namibia-based hardware chain, Pupkewitz Megabuild, in line with its African expansion strategy.
By Zeenat Moorad 14 Jul 2010 12:07
BRUSSELS: Tensions between the European Union and Africa have once again erupted, with Namibia accusing the Brussels elite of resorting to bullying tactics in trade negotiations.
By David Cronin 26 May 2010 09:56
According to Monica Pienaar, manager for JHI property services company in Namibia, the commercial property market has remained stable and resilient over the past year, probably because of its stricter credit laws and an economy less affected by the recession than South Africa.
12 Mar 2010 11:37
Receive free email newsletter
Tell a friend about us