Retail rewind - a year in review 2011

[Zeenat Moorad] The approval of the Wal-Mart/Massmart deal will go down as the highlight of the retail sector in 2011. 6 Jan 2012 08:19

Standard Bank wins Bank of the Year in Africa

The Banker, a leading journal of the global banking industry, has named Standard Bank as the 2011 Bank of the Year in Africa and Best Bank in Botswana, Lesotho, Malawi and Zimbabwe. 1 Dec 2011 16:01

Consumer Confidence Survey: Economy again top global concern

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

Africa's five major trends for potential growth

[Issa Sikiti da Silva: @sikitimedia] Population growth, rapid urbanisation, adoption of new technologies, unlocking of abundant resources and the deepening of the financial sector are the five major trends that are set to drive Africa's economic growth, Simon Freemantle, Standard Bank Africa senior analyst, told a media roundtable in Johannesburg, South Africa, yesterday, Thursday 6 October 2011. 7 Oct 2011 09:56

Retail giants pioneer shopping mall culture in Africa

New retail precincts across Africa are not only changing consumers' buying behaviour but also changing their social behaviour. Malls provide a venue for consumers to congregate and they're doing this in preference to other social activities. 8 Jul 2011 09:46

Wireless broadband, mobile phones to connect Africa

The penetration of mobile phones in many African countries is higher than the world average. Data on the number of mobile subscriptions per 100 people show that penetration rates in Algeria, South Africa, Gabon, Tunisia, Mauritius, Botswana, Morocco and Mauritania are all above the world average of 60%. 23 Jun 2011 10:59

Dulcé Café pushes into Africa

With the need for resources from developing countries such as China and India, coupled with the discovery of oil within more and more African countries, the economies of African countries are set for major short and medium-term growth. Based on this growth, Dulcé Café is currently launching an expansion of the franchise chain into Saudi Arabia, Ghana, Nigeria, Tanzania, Botswana and Angola. 14 Jun 2011 10:41

Intelsat wins new contracts

LUXEMBOURG: Intelsat SA, one of the world's leading providers of fixed satellite services, recently announced a series of new contracts with media customers using the company's leading video neighbourhoods. 14 Apr 2011 10:56

Entries invited: Travel and Tourism Film & Video Awards

Southern Africa's Travel and Tourism Film & Video Awards is in full preparation mode. The organisers are calling for entries from southern African film and video makers as well as from travel and tourism product owners. 12 Apr 2011 11:49

Uncertainty about transfer pricing rules in Africa a concern for foreign companies

Companies doing business in Africa face several uncertainties, including how tax authorities will handle transfer pricing (TP). It is vital that organisations prepare comprehensive documentation to demonstrate their application of the arm's length principle and the procedures followed. 5 Apr 2011 12:05

Kraft Foods 'double in five' plan looks to Africa

[Zeenat Moorad] Kraft Foods SA on Monday, 28 March 2011, said it had invested R160 million in a pilot skills programme in its sub-Saharan African operations as it positioned itself to double its revenue in five years in an increasingly competitive fast-moving consumer goods (FMCG) market. 29 Mar 2011 08:42

Judging panel announced for 2011 Diageo Awards

LONDON: The panel of judges has been announced for the eighth Diageo Africa Business Reporting Awards set to take place on 30 June 2011. The annual awards aims to encourage more prolific reporting of economic opportunities in Africa and to celebrate excellence in business journalism. 15 Mar 2011 10:37

Unemployment, inflation worries hit consumer confidence

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

GM restructures African business, seeking growth

[Michael Bratt] General Motors (GM) has announced a new strategy for African business, which it hopes will allow GM to capitalise on the growing opportunities around the continent. 23 Nov 2010 12:36