Many people looking to open a business forget the golden rule of real estate - location, location, location. This is especially true for businesses that rely heavily on daily traffic in order to meet certain turnover objectives and even more so, when the stock that needs to be moved is perishable.
By Werner Hedder 17 Apr 2014 16:38
Growth in retail sales slowed more than expected to a four-month low in February‚ reflecting households' moderating spending as higher borrowing costs‚ and rising food and fuel prices eroded their disposable income.
By Ntsakisi Maswanganyi 17 Apr 2014 15:34
In May 2014, Orange will open a local Johannesburg warehouse to support the sales of products (smartphones, tablets, computers, gadgets and accessories) from its online store.
17 Apr 2014 11:23
Computicket has launched a new online platform offering discounts and value-added deals on entertainment and travel, made possible by its long-term partnerships with leading entertainment promoters.
17 Apr 2014 11:03
The consecutive string of public holiday during the last two weeks of April and the beginning of May is anticipated to encourage increased customer traffic this year. While supermarkets usually see sales dramatically increase over the Easter vacation, owing to the sales of chocolate bunnies and eggs, retailers this year forecast non-chocolate spend to increase as well.
17 Apr 2014 10:46
Randburg Square mall, owned by Vukile Property Fund and managed by JHI Properties, a member of Excellerate Property Services, has undergone a three-phase capital investment of approximately R207 million in upgrades.
17 Apr 2014 10:33
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
A shopping centre is more than just bricks and mortar; it is a reflection of the evolution of consumers. Therefore, how a shopping centre's design reflects the values of its consumers plays an important role in its success.
By Danette Breitenbach 17 Apr 2014 07:58
Retail trade sales measured in constant (2012) prices rose by a lower than expected 2.2% year on year (y/y) in February from a revised 6.4% (6.8%) y/y increase in January‚ figures from Statistics SA showed on Wednesday, 16 February 2014.
16 Apr 2014 15:17
In business, it is essential to manage the factors that could affect one's credit rating, as a key determinant in credit lending is past behaviour.
By Lee Bromfield 16 Apr 2014 11:38
GfK, one of the world's largest research companies delving into the marketing trends around the way people live, think and shop, has released its research conducted in South Africa, Kenya and Nigeria.
16 Apr 2014 10:40
Retailer Pick 'n Pay reported an increase in headline earnings per share (HEPS) for the year ended March of 24.4% to 138.51c up from 111.30c for the previously reported 368-day period in 2013.
16 Apr 2014 10:17
2nd Take, which launched four years ago as a supplier of second-hand designer wear, will launch its kids' division in May 2014, prompted by the high demand for second-hand baby equipment and clothes.
16 Apr 2014 10:13
Tune in to the Biz Takeouts Marketing & Media radio show on Thursday, 17 April from 9am-10am as we chat to DK Badenhorst from Y&R Cape Town and directors of MaxAxion, Daniel Courtenay and Nicolle Harding. [twitterfall]
16 Apr 2014 09:53
Fishing company Oceana has been ordered to sell Foodcorp's fishing rights along with its Glenryck brand‚ as a condition for approval of a transaction allowing Oceana to take over the fishing business of Foodcorp.
By Amanda Visser 16 Apr 2014 09:31
The township is no longer a foreign land far away and its story is no longer one of the haves and have-nots. Townships are rocking and they have been for a while, but not everyone has cottoned on yet.
By Danette Breitenbach 16 Apr 2014 06:46
Global brewing company SABMiller (SAB) reported a 3% rise in group net producer revenue for the 12 months ended March 2014.
16 Apr 2014 05:55
State logistics group Transnet has applied for a licence to generate electricity and plans to regenerate 38MW by 2017‚ mostly using the technology of its new locomotives. No licence is required for regeneration.
By Razina Munshi 16 Apr 2014 05:18
Local retail trade sales in February will be released on Wednesday‚ 16 April 2014, and are likely to come in lower than the strong growth recorded in January.
By Maarten Mittner 15 Apr 2014 16:59
The soft drinks division of South African Breweries (SAB) plans to cut more than 10% of its workforce in a restructuring programme aimed at reducing costs‚ SAB confirmed on Monday, 14 April 2014.
By Nick Hedley 15 Apr 2014 16:33
Pick n Pay (PIK) on Tuesday, 15 April 2014, reported a 7.7% increase in turnover to R63.1bn for the full-year driven in part by an accelerated programme of new-store growth and cost cutting.
By Zeenat Moorad 15 Apr 2014 16:27
Pick n Pay expects to sell in excess of 40 million Easter eggs and over 20 million hot cross buns during this year's Easter holidays.
15 Apr 2014 15:42
The successful FNB Wine Shows return to the Free State and Limpopo in July 2014. The eighth show takes place in Polokwane on 24 and 25 July and is followed a week later by the second show in Bloemfontein on 31 July and 1 August.
15 Apr 2014 11:14
Although customers use their phones in stores for much, from managing shopping lists, browsing for recipes, price comparisons, additional product information and shopping on the go whenever they need to, they remain fickle and retailers need to prioritise mobile over more traditional forms of communication.
By Charles Stretch 15 Apr 2014 10:43
In a R4,66 billion transaction, Growthpoint has acquired a 34.9% stake in Acucap Properties and a 31.5% stake in Sycom Property Fund, which will give Growthpoint around 38% of the merged entity.
15 Apr 2014 10:34
In October this year, the Eyethu Orange Farm Mall will celebrate its grand opening, which will be an exciting time for the community, as it will begin to see its investment grow, as the mall begins to earn an income.
15 Apr 2014 10:16
Sharp focus will fall on road safety in KwaZulu-Natal as the country prepares for the upcoming Easter holiday this weekend.
15 Apr 2014 09:09
Gauteng Transport MEC Ismail Vadi claims Metrorail is well on its way to becoming the preferred public transport operator in high-volume corridors of the province.
15 Apr 2014 08:40
In the next two to three years Woolworths is planning to open 15 stores in sub-Saharan Africa, including in Kenya, Mauritius and Namibia, reports Reuters.
14 Apr 2014 11:47
Kuseni Dlamini has been appointed as the independent, non-executive chairman of Massmart-Walmart board and takes over from Mark Lamberti with effect from 10 April 2014. Lamberti was recently appointed CEO of Imperial Holdings.
14 Apr 2014 11:09
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