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BizTrends 2017


Download the complete BizTrends 2017 PDFs with over 100 trends contributors across 18 industry sectors.

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Downgrades clip Pioneer's wings

Pioneer's expansion plans have been thwarted by the downgrades by ratings agencies of SA's sovereign debt...

24 Apr 2017

convisum ©
Massmart sales signal slump

Consumers spent less in Massmart's comparable stores in the first quarter of 2017, a trend that could continue into the rest of the year due to the constrained economic environment.

24 Apr 2017

Alhovik © –
Mastercard introduces biometric shopping card

Mastercard has launched a biometric card that uses fingerprints to enable purchases, revealing that it had been piloting the card, a global first for the company, in SA...

21 Apr 2017

gopixa © –
Pick n Pay delivers sustainable growth in ‘new normal' environment

Pick n Pay announces 18% growth in headline earnings...

20 Apr 2017

FNB awarded Best Retail Bank in Southern Africa by Banker Africa Awards
FNB awarded Best Retail Bank in Southern Africa by Banker Africa Awards

At the recent annual Banker Africa - Southern Africa Awards 2017, FNB was selected as the Best Retail Bank in Southern Africa...

18 Apr 2017

Ion Chiosea © –
Retailers fall victim to time's cruelty

Retail was pumping in the early 2000s. Sales growth hit a record high of 15.50% in September 2006 and averaged about 12% a year from 2004 to 2007...

By Colleen Goko 18 Apr 2017

Thabo Mabe, CEO of Dangote Flour Mills.
Dangote Flour Mills returns to profitability

Following its reacquisition from Tiger Branded Consumer Goods of South Africa, the Nigerian Dangote Flour Mills has returned to profitability after four years of losses...

13 Apr 2017

(c) Anna Phillips -
Retail sales fall year on year in February

Sales of South African retailers totalled R58.58bn in February 2017, 1.7% lower than the R59.5bn in February 2016...

By Sunita Menon 13 Apr 2017

(c) Ed Sweetman -
Tesco dives into red on accounting scandal

LONDON - Supermarket giant Tesco revealed on Wednesday that it fell into an annual net loss of 40 million due to a costly accounting scandal at Britain's biggest retailer...

13 Apr 2017

(c) 06photo -
Retailers shift away from Africa expansion

Africa is falling off the immediate radar of local retailers after the region posted its slowest growth rate in two decades in 2016, and with the outlook for 2017 looking as unpromising, most companies are changing their focus from expansion to improving customer experience...

By Colleen Goko 12 Apr 2017

How SA's credit rating downgrade will affect SADC neighbours
How SA's credit rating downgrade will affect SADC neighbours

The downgrading of SA's credit rating will also have a regional impact. If the economy is to move into a recession, it will lead to a reduced demand for imports...

12 Apr 2017

Naspers invests an additional R960m in Takealot
Naspers invests an additional R960m in Takealot

Takealot Online (Pty) Ltd today announced a R960m investment from Naspers, highlighting the media group's continued commitment to the online retailer and its confidence in the potential of South Africa's e-commerce sector...

11 Apr 2017

Zeder aims to level portfolio
Zeder aims to level portfolio

PSG-controlled agribusiness investor Zeder continues to be dominated by its 27.1% "kingmaker" stake in consumer brands giant, Pioneer Foods...

By Marc Hasenfuss 11 Apr 2017

Ivanka Trump Fine Jewelry Boutique inside Trump Tower in Midtown Manhattan.
(c) Leonard Zhukovsky - [[www.123rf.com 123RF.com]
Sales of Ivanka Trump products soar in 2016

NEW YORK - Sales of Ivanka Trump's clothing collection soared by nearly 61 percent in 2016, the company that manufactures products for the president's daughter's line and other brands said on Monday...

11 Apr 2017

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Pick n Pay expects FY HEPS to rise 15% to 20%

Pick n Pay expects headline earnings per share in the year to February to rise up to 20% from the year-ago period...

11 Apr 2017

Sachin Bansal, co-founder & executive chairman, Flipkart speaks during a press conference on ‘Model GST Law (TCS) for the e Commerce Sector’ in New Delhi on February 9, 2017 ()
India's Flipkart raises US$1.4bn from Microsoft, eBay, Tencent

MUMBAI, India: India's top e-commerce company Flipkart announced on Monday it had raised $1.4 billion in a record funding round that shores up the online retail giant in its fight against Amazon...

11 Apr 2017

(c) Anan Kaewkhammul -
Sovereign makes a return to spotlight

Sovereign Foods moved back into the spotlight last week when its share price shot back towards its all-time high of 950c on large volume trade...

By Ann Crotty 10 Apr 2017

Smart Shopper card - junk status?
Smart Shopper card - junk status?

I have long been an advocate of Pick n Pay, admiring and talking up how much they do to both attract and retain customers with their Smart Shopper loyalty programme and their various promotions to create sticky customers. That was until...

By Clive Evans 10 Apr 2017

New Glenn: Reusable, vertical-landing booster, 3.85 million pounds thrust.
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Bezos sells US$1bn in Amazon stock yearly to pay for rocket firm

WASHINGTON - Billionaire entrepreneur Jeff Bezos said he is selling $1 billion in stock of his retail giant Amazon each year to finance his rocket company, Blue Origin, which aims to carry tourists to space by 2018...

10 Apr 2017

Share-price rises point to interest in retail sector
Share-price rises point to interest in retail sector

Prospects for the retail sector may be dismal in 2017, but that has not stopped investors from piling in. The general retailers index has gained 4.2%...

30 Mar 2017

Bidcorp's Joffe to bow out and list new firm
Bidcorp's Joffe to bow out and list new firm

Bidcorp executive chairman Brian Joffe will step down at the end of June 2017, taking up the role of nonexecutive director of the foodservice company...

By Mark Allix 29 Mar 2017

The future of payment authentication
The future of payment authentication

In a recent paper, delivered at the Seamless Pay Conference in Cape Town, entitled ‘The Future of Authentication', Steven Jackets, examined some of the issues...

28 Mar 2017

Source: Capitec
Capitec to acquire 40% stake in Creamfinance for €21m

Banking group Capitec has acquired a 40% interest in international online lending group Creamfinance for €21m...

27 Mar 2017

Consumer inflation slows as food prices moderate
Consumer inflation slows as food prices moderate

Consumer inflation slowed in February, as food inflation moderated, but remained outside the South African Reserve Bank's 3%-6% target range...

By Tammy Foyn 23 Mar 2017

Andrew Torre, Visa president for sub-Saharan Africa. Source:
How Africa's mobile revolution is reaching the unbanked

The continent's mobile banking revolution is only just beginning, and although payment systems are becoming more seamless, cash is still king in Africa...

By Nicci Botha 20 Mar 2017

The race for the payments space
The race for the payments space

Long the bastion of institutionalism and trust, and therefore fairly resilient to disruption, banks are now in a war of adapt or die...

By Nicci Botha 17 Mar 2017

Shirley Maltz, CEO of HomeChoice. Credit: Financial Mail
HomeChoice increases its revenue despite challenging year

Home-shopping and digital retailer HomeChoice International declared a dividend of 87c per share on Tuesday in the release of its financial statements...

By Matthew Stevens 15 Mar 2017

South African odyssey: Part 2
South African odyssey: Part 2

Mark Mobius' take on the sluggish SA economy and the investment potential of the consumer sector...

By Mark Mobius 13 Mar 2017

Source: Africa Business Communities
Building business around the customer

In an era of rapidly emerging new technologies customers' preferences are deeply interlocked with the use of new digital innovations...

By Peter Alkema 9 Mar 2017

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