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Raymond Ackerman.
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Pick n Pay's new structure 'not enough'

The pyramid structure that secured control of Pick n Pay in the hands of the Ackerman family is set to be unwound, 36 years after it was put in place to ward off a suspected hostile bid...

By Ann Crotty 7 hours ago

CIGR - Prof Opara and Prof Juliszewski
SU prof chosen to lead agricultural engineers worldwide

Prof Umezuruike Linus Opara, SU professor and research chair, has been elected as the incoming president of the International Commission of Agricultural and Biosystems Engineering...

8 hours ago

Amazon delivery via Prime Air drone.
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Amazon to test delivery drones in Britain

SAN FRANCISCO - Amazon announced Monday plans to test delivery drone technology in Britain, as the US online commerce giant tries to advance the idea safely...

9 hours ago

The commission says the guidelines seek to clarify its approach to analysing mergers. Picture:
AB InBev raises its offer for SABMiller to £45

Anheuser-Busch InBev raised its offer for SABMiller to £45 from £44 and sweetened its share alternative on Tuesday...

By Robert Laing 10 hours ago

Krone launches Night Nectar Demi-Sec Rosé
Krone launches Night Nectar Demi-Sec Rosé

Krone launches Night Nectar Demi-Sec Rosé, a bottle-fermented and lees-matured sparkling wine, blending traditional Champagne varieties of Chardonnay and Pinot Noir...

11 hours ago

Enhanced digital platform streamlines vehicle sales process
Enhanced digital platform streamlines vehicle sales process

With increasing vehicle prices and a decline in sales in SA the vehicle purchasing process must go digital to respond to market concerns...

12 hours ago

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Shareholders vote to delist Pick n Pay Holdings

At an extraordinary general meeting, preceding the Pick n Pay AGM held on 25 July 2016, the majority of shareholders voted in favour of the group's proposal to modernise its pyramid ownership structure...

12 hours ago

Is that Pikachu in the dairy aisle?
Is that Pikachu in the dairy aisle?

The Pokémon Go frenzy is sweeping the globe, as the virtual reality game skyrockets to the top of the iTunes and Google Play gaming lists...

By John Fullmer 13 hours ago

Hulamin benefits from weaker rand
Hulamin benefits from weaker rand

A weaker rand and improved production helped local manufacturer Hulamin double its interim aftertax profit and grow sales by 25%, it reported on Monday morning...

By Robert Laing 1 day ago

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Import duties help, says ArcelorMittal SA

The government had gazetted all of the 10 applications that ArcelorMittal SA had put forward for import duties, the company said in a trading update on Friday. It had also seen a "significant improvement" in the group's net cash position...

By Mark Allix 1 day ago

Burger King opens in Port Elizabeth
Burger King opens in Port Elizabeth

The first Burger King to open in the Eastern Cape opens today, 25 July 2016, at the Sasol service station on Pickering Street...

1 day ago

#MandelaMonth: Groupon harnesses the power of group buying to do good
#MandelaMonth: Groupon harnesses the power of group buying to do good

As part of its Mandela Month contribution, Groupon South Africa is hosting donation deals on its website until the end of July 2016...

By Jessica Tennant 1 day ago

Lewis investor battle escalates
Lewis investor battle escalates

The battle between shareholder activist Dave Woollam and the directors of Lewis Stores escalated this past week, with the lodging of papers at the High Court in Cape Town on Wednesday that could see the minority shareholder have the directors declared delinquent...

By Ann Crotty 1 day ago

Michael Mark: Credit book grew but makes up less of sales.
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Truworths: UK shoe will pinch

While Truworths' entrance into the UK consumer market proved a boon for the retailer in the year to end June, the region is unlikely to provide another fillip, in the wake of Brexit...

By Colleen Goko 1 day ago

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Strong operations in West Africa lift Shoprite results

Shoprite's stronghold in West Africa helped the domestic retailer report better-than expected results in July, but the company has yet to successfully branch out in East Africa...

By Colleen Goko 22 Jul 2016

#BuyaBusiness expo offers VIP treatment to #THEClub members
#BuyaBusiness expo offers VIP treatment to #THEClub members

The upcoming #BuyaBusiness expo, on at the Ticketpro Dome at Northgate, Johannesburg from 8-10 September 2106, offers VIP treatment to investors and franchisors that are members of #THEClub...

22 Jul 2016

SABMiller CEO Alan Clark will receive as much as R1.2bn in bonuses and share options when the merger with AB InBev is completed.
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Merger brews up unequal rewards

The $74bn union between brewing titans SABMiller and Anheuser-Busch InBev (AB InBev) is on the cusp of completion. After all the boxes are ticked, minority shareholders of the South African brewing icon will be first in line to cash in their shares at the lucrative offer price of £44 each.

By Fifi Peters 22 Jul 2016

Daniel Jacobs, associate director internal audit at Mazars.
Regular internal audits essential for retailers

According to a recent survey conducted by Mazars during June 2016, across 120 respondents, many retail organisations lack a clear understanding of the purpose of the internal audit function...

22 Jul 2016

Margarine maker settles with watchdog over collusion with Unilever
Margarine maker settles with watchdog over collusion with Unilever

Margarine and cooking oil maker Sime Darby Hudson Knight agreed to pay a R35m fine for colluding with Unilever, the Competition Commission said...

By Robert Laing 22 Jul 2016

[Biz Takeouts Podcast] 182: AR and VR & Native VML and Y&R SA partnership
[Biz Takeouts Podcast] 182: AR and VR & Native VML and Y&R SA partnership

On the latest episode of Biz Takeouts Marketing and Media Radio show host Warren Harding spoke to Glenn Gillis and Ben Wagner...

21 Jul 2016

Sime Darby Hudson Knight signs consent agreement over collusive conduct
Sime Darby Hudson Knight signs consent agreement over collusive conduct

The Competition Tribunal on Wednesday said the Competition Commission had signed a consent agreement with edible fats and oil refinery producer Sime Darby Hudson Knight over collusive conduct...

By Mark Allix 21 Jul 2016

Customer experience with a 25-year guarantee?
Customer experience with a 25-year guarantee?

Two days ago, a man extended his hand to me in a friendly gesture with the words "Hello Johan," and I instinctively knew I was in the presence of a superhero...

By Johan Botha 21 Jul 2016

In supply chain management, customers must be central
In supply chain management, customers must be central

In the public and private sectors, the term supply chain management (SCM) may be understood differently but whoever supply chain professionals are and wherever they practice, they should put the customer at the centre...

21 Jul 2016

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Pick n Pay minorities oppose new structure

Pick n Pay's annual general meeting (AGM) next week looks certain to be another humdinger as smaller shareholders vent their opposition to the proposed restructuring of the Ackerman family's control...

By Ann Crotty 21 Jul 2016

Chris Schutte.
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High feed costs could force permanent production cuts at Astral Foods

Astral Foods will consider permanent production cuts if feed costs stay high and South African consumers remain under pressure, with the broiler-chicken maker trimming output for a second time this year and reducing workers' hours to curb costs...

By Tshepiso Mokhema 21 Jul 2016

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Shoprite jumps 10% on trading update

Investors jostled to get hold of Shoprite shares on Wednesday, boosting the market value of Africa's biggest grocery retailer R10bn, making it the top performer on the JSE on the day...

21 Jul 2016

Nestle's pet food unit to merge with owner of Bob Martin
Nestle's pet food unit to merge with owner of Bob Martin

The Competition Commission on Wednesday approved a merger between Nestle SA's pet food business and the company that owns Bob Martin, which makes snacks and treats for dogs...

By Fifi Peters 21 Jul 2016

PMA Fresh Connections designed for SA fresh produce sector
PMA Fresh Connections designed for SA fresh produce sector

We interviewed Lindie Stroebel, the new GM for PMA SA...

By Cari Van Wyk 21 Jul 2016

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