Africa's hotel market proves resilient in latest PwC findings
Africa's hotel market proves resilient in latest PwC findings

The hotel industry's potential for business growth has been reflected in the increase in the number of foreign and domestic travellers visiting the continent, as well as in the number of hotel chains established...

5 Jul 2018

THINC Africa 2018 a boost in African tourism
THINC Africa 2018 a boost in African tourism

"There's a consistently negative stigma around travelling in Africa which has been snowballing for years. We need to position ourselves correctly and draw attention to the positive experiences that can be had here."

3 Jul 2018

Affordable housing solutions in pipes, containers and 3D printers
Affordable housing solutions in pipes, containers and 3D printers

A critical shortage of affordable housing across the world is triggering creative solutions...

By Rina Chandran 7 Jun 2018

Another step towards Africa's digitisation
Another step towards Africa's digitisation

Digital transformation of service economy can drive growth across Middle East and Africa, says World Bank...

30 Apr 2018

Housing microfinance can be win-win for poor people and financial institutions
Housing microfinance can be win-win for poor people and financial institutions

Housing microfinance can and should become a mainstream offering for financial institutions in Sub-Saharan Africa...

13 Apr 2018

Hotel Verde Zanzibar opens doors to guests, promotes responsible tourism
Hotel Verde Zanzibar opens doors to guests, promotes responsible tourism

On 21 March 2018, Hotel Verde Zanzibar - Azam Luxury Resort & Spa will open its doors to guests for the first time...

6 Mar 2018

#BizTrends2018: The new rules of retail
#BizTrends2018: The new rules of retail

If you're searching for proof that retail as we know it is changing, look no further than Shanghai's 24-hour, unstaffed, self-driving grocery store...

By Lauren Hartzenberg 29 Jan 2018

Kigali, Rwanda. © Dereje Belachew via
Africa needs coordinated strategies for urbanisation

Africa's rapid urbanisation can be a driver of industrialisation and there is an urgent need to connect policies and strategies for urban and industrial development...

25 Oct 2017

Primedia Outdoor system isolates consumer ‘convergence nodes' in Gaborone
Primedia Outdoor system isolates consumer ‘convergence nodes' in Gaborone

Primedia Outdoor has developed a system that combines GIS technology with population data and consumer insights to isolate consumer ‘convergence nodes'...

5 Jul 2017

African fund eyes JSE
African fund eyes JSE

JSE investors will gain access to the dollar-based returns generated by shopping centres, offices, warehouses and hotels in countries such as Morocco, Mozambique, Kenya, Ghana and Nigeria when Sandile Nomvete's Delta Property Fund brings the first outright African real estate offering to the market next month.

By Joan Muller 20 May 2014

Zimbabwe central bank has 'no tools' to fix economy
Zimbabwe central bank has 'no tools' to fix economy

Zimbabwe's new central bank chief said the country's economy was weakening and the bank did not have the tools to fix it.

8 May 2014

Hyprop buys 87% of African Land for R768m
Hyprop buys 87% of African Land for R768m

Hyprop Investments will buy 87% of the issued shares of African Land Investments for R768m. African Land owns the Manda Hill shopping centre in Lusaka, Zambia.

29 Nov 2013

Truworths slows drive into Africa
Truworths slows drive into Africa

Truworths has adopted a cautious and incremental approach to store expansion plans outside SA in order to gain a better understanding of the operating environment and the market potential, the fashion retailer said in its annual report, released last week.

By Zeenat Moorad 30 Sep 2013

Retailers hit sweet spot in Africa
Retailers hit sweet spot in Africa

Africa's scope for investment is steadily increasing and demand for more formal retail options from shoppers is following suit.

By Zeenat Moorad 26 Aug 2013

Franchise sales up 16.8% for Famous Brands
Franchise sales up 16.8% for Famous Brands

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

Tourism growth outlook looks strong
Tourism growth outlook looks strong

Auditing firm PwC on Thursday (13 June) projected total room revenue in SA would grow at a compound annual rate of 9.2% between now and 2017 after overall spending on rooms in all categories rose by 13.4% in 2012 to R15.2bn‚ reflecting an increase in stay-unit nights and a 5.3% rise in the average room rate.

By Helmo Preuss 14 Jun 2013

Hotels moving in on Africa's potential
Hotels moving in on Africa's potential

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

Japan offers US$10bn to Africa
Japan offers US$10bn to Africa

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

Hilton plans to boost African presence
Hilton plans to boost African presence

Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten.

16 May 2013

Time to unlock Africa's travel potential
Time to unlock Africa's travel potential

The South African Tourism Indaba should expand its platform by attracting even more exhibitors and buyers from the African continent, Tourism Minister Marthinus Van Schalkwyk said on Sunday (12 May).

14 May 2013

Loss of commercial farmers hurts SA
Loss of commercial farmers hurts SA

It is "worrisome" that South Africa is losing many of its commercial farmers to countries to the north of it, academic and businesswoman Mamphela Ramphele said on Sunday (24 March).

25 Mar 2013

Truworths profit of R1,9bn in six months
Truworths profit of R1,9bn in six months

Fashion retail group Truworths International on Wednesday (20 February) reported a 19% increase in diluted headline earnings per share to 324.8 cents for the six months to December.

21 Feb 2013

Shoprite plans 136 new stores in Africa
Shoprite plans 136 new stores in Africa

Shoprite Holdings is steamrolling ahead with its African expansion - the retailer has 136 stores in the pipeline as it eyes fast growing oil-rich markets like Nigeria and Angola.

By Zeenat Moorad 20 Feb 2013

Anglo American earnings down 55%
Anglo American earnings down 55%

Resources group Anglo American PLC reported a 55% decline in underlying earnings per share to US 2.26 cents for the year ended December from 5.06 cents a year ago.

18 Feb 2013