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
It's clear from the latest Brait investment presentation that the delisting of fashion retailing conglomerate Pepkor in 2004 robbed the JSE of an outstanding consumer business.
By Marc Hasenfuss 1 Nov 2013 08:50
President Jacob Zuma says South Africa and the Democratic Republic of Congo (DRC) must explore ways to stimulate trade and investment between the two countries.
31 Oct 2013 06:07
Fast food group Famous Brands reported a 20% increase in headline earnings per share to 180c for the six months to August.
29 Oct 2013 10:34
Shoprite Holdings‚ Africa's biggest retail group‚ reported that its turnover had increased by 10.2% in the three months to September.
29 Oct 2013 09:59
After two major acquisitions in international cognac and whisky brands‚ Stellenbosch-based liquor group Distell will now be prioritising the global growth of its highly-profitable cider brands.
By Marc Hasenfuss 18 Oct 2013 09:56
The purchase of feminine hygiene brand Lil-Lets Group by Brait company Premier Foods is part of a broader strategy to expand Premier across other fast-moving consumer goods (FMCG) categories according to Brait director Sean Dougherty.
By Nick Hedley 14 Oct 2013 08:02
Safe-haven investments do not come much safer than food producers. This has made big-name companies such as AVI and Tiger Brands market favourites and driven up the JSE food producers sector rating to a level last seen 19 years ago.
8 Oct 2013 07:08
In SA, Famous Brands produces 265,000 cups of specially blended coffee a day. With 2,175 restaurants, the company, whose brands include Wimpy, Steers and Mugg & Bean, also makes 77m ice-cream cones a year. It's the big daddy of SA franchising, with a R9,7bn market capitalisation, and it wants to repeat its local success in the rest of Africa.
By Zeenat Moorad 16 Sep 2013 09:21
Steinhoff International Holdings on Tuesday (10 September) said that the prevailing global economic environment remained volatile but it was confident that the diversity inherent in its assets and earnings would continue to protect the group against any prolonged downturn in any one market where it operated.
11 Sep 2013 11:04
To paraphrase from the iconic Star Trek, Africa is the "next (as opposed to the final) business frontier". And judging from exceptional recent economic growth, wealth in natural resources and sheer international business interest on the continent, it seems no-one has trouble believing this.
19 Aug 2013 11:46
Growth in SA will continue to lag that of other African countries‚ with the latest African Development Bank African Economic Outlook report released on Wednesday (7 August) listing the country among the 10 that will record the slowest growth this year.
9 Aug 2013 08:51
Tyre manufacturer Goodyear on Tuesday (6 August) said Mozambique was the key African country for its growth strategy on the continent.
By Alistair Anderson 7 Aug 2013 09:25
The World Bank committed a record US$14.7bn in its fiscal year to June to support economic growth and better development prospects in Africa despite uncertain economic conditions in the rest of the global economy.
1 Aug 2013 09:45
De Beers is in the final stage of preparations to sell its global diamond output from Botswana's capital instead of London, from where the world's largest diamond producer has traditionally done its marketing.
By Brendan Ryan 30 Jul 2013 13:39
As the world's second-fastest growing region, Africa's booming economies have caught the eye of multinationals in search of higher yields. The region is topped only by emerging Asia.
By Zeenat Moorad 9 Jul 2013 12:24
Unilever Global says Africa is its next growth market and has rolled out what it calls a sustainable living plan to the continent.
21 Jun 2013 07:41
Famous Brands has reported that its franchise sales increased 16.8% in the March to May quarter with a 16% improvement in South Africa and a 27.2% improvement in the rest of Africa region.
19 Jun 2013 11:34
BSI Steel's headline earnings per share plummeted 51% in the year ended March 31 amid declining steel consumption in the South African market.
By Mark Allix 18 Jun 2013 07:14
With limited opportunities for expansion in SA, a slew of hospitality companies are eyeing the rest of the continent, for future growth as there is an under-supply of quality hotels and upbeat economic prospects.
By Zeenat Moorad 10 Jun 2013 11:39
Expansion into Africa by the world's biggest law firms gathered steam on Monday (3 June) with the official tie-up between Norton Rose and Fulbright & Jaworski to form Norton Rose Fulbright.
4 Jun 2013 10:12
TOKYO, JAPAN: Japan has pledged at least US$10bn in aid to Africa for the next five years as Tokyo prepares to host a major development conference for the resource-rich continent.
3 Jun 2013 10:26
Africa's agricultural‚ mining and energy resources could be better used to boost the continent's pace of economic growth and pave the way for a breakthrough in human development‚ according to a report released on Monday (27 May).
By Mariam Isa 28 May 2013 10:31
Prospering from emerging markets such as Africa‚ SABMiller on Thursday (23 May) reported a 10% increase in group revenue to US$34.5bn for the year to March.
By Zeenat Moorad 24 May 2013 07:51
African governments should own at least a 50% of any new mining venture in order to ensure that the country gets more of the revenue from mining projects.
By Paul Vecchiatto 13 May 2013 14:21
Transnet Engineering (TE), a unit of the state-owned freight and logistics company, is exploring new narrow-gauge markets in Latin America, South-east Asia and Australia in a bid to meet its growth targets, according to strategy and marketing general manager Thoba Majoka.
By Nicky Smith 6 May 2013 07:41
Economies in sub-Saharan Africa will ride out the bumpy global recovery in the next few years to post growth rates not seen outside Asia, the IMF said in its latest economic forecasts Tuesday (16 April).
17 Apr 2013 09:47
A global management shakeup at Toyota Motor Corporation has hit African shores, with local Toyota chief Johan van Zyl called in to head the new position of chief executive of Toyota's operations across Africa
9 Apr 2013 10:56
African countries must integrate their economies in order to support a new wave of industrial development across the continent‚ Department of Trade and Industry Minister Rob Davies said Tuesday (26 March).
By Mariam Isa 27 Mar 2013 09:40
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