2 Jul 2012

Retail | South Africa

 

Wine and dimes

There are few sounds I like more than that of the petrol price dropping. And we're in luck this week - so go easy on your gas pedal until Wednesday and you'll get 89c p/l off when next you fill your tank.

In brand news this past week, Transnet appointed its new CFO and ventured into the international debt market; Famous Brands picked up a controlling share of Java Lava; CNA enabled online shopping via its website; and there are rumours about a transaction between Gresham Private Equity and Woolie's Aussie subsidiary, Country Road, but the retailer is keeping mum on that.

Research this week tells us that consumers have become harder to please and prefer mobile internet. Indices point to a drop in the Kagiso PMI, while the PPI has remained stable.

If you have some money to throw around (ok, a lot of money, as in fourth holiday house money) and are looking to indulge yourself, an Australian winery has released 12 bottles of a rare Cabernet Sauvignon at Aus$168 000 (almost R1.4 million) a pop. And just to make sure you don't decide to crack it open on a whim after a night of hitting the cheap stuff, these hand blown glass ampoules can only be opened by a specially-trained wine expert who will travel to wherever you are for the momentous occasion. It's not said whether the airfare is included in the price tag, but one would expect it. Although, if you have that kind of cash to blow on a bottle of wine, you probably have a private learjet parked in the garage.

Have a wonderful week, folks!


Shan Radcliffe, Retail editor
Please send retail news to: retailnews@bizcommunity.com
Responses to this column welcomed in our new online editor's column archive.
Image: FreeDigitalPhotos.net

Today's top stories


Editorial news

Retail


Australian winery launches USD170,000 bottle
SYDNEY, AUSTRALIA: An Australian winery on Friday, 29 June 2012, unveiled 12 bottles of a rare vintage for sale at an eye-watering price of Aus$168,000 (US$170,350) each, which can only be opened by a specially-trained wine expert. Read more >>

Brand news


InBev announces full control of Corona beer firm for USD20bn
BRUSSELS, BELGIUM: Beer giant AB InBev on Friday, 29 June 2012, said that it would buy the half of Mexican firm Grupo Modelo, maker of Corona, which it does not already own for US$20.1 billion in cash (16.0 billion euros). Read more >>

Commercial property


JHI leases property to international group in New Germany
JHI Properties KwaZulu-Natal has leased 11 000sqm of space in New Germany Industrial Park to the Dubai-based Darvesh Group, which operates in the packaging industry. The group's packaging operation trades in South Africa as Technovaa Packaging Industries. Read more >>

e-Commerce


Buy on CNA website with Edgars or Jet card
Following the revamp of its website, CNA now offers online purchases to consumers through use of their Edgars or Jet account card. Read more >>

Exhibitions & Events


Suncoast Casino hosts first Taste of Durban

click to enlarge
The Suncoast Casino will host the Pick n Pay Taste of Durban, in association with Orbit sugar-free chewing gum, 27- 29 July 2012. Over three days, this international restaurant festival will bring together the city's restaurants, chefs and exhibitors to attract Durban's foodies in an outdoor fine dining celebration. Taking part in the inaugural show are Café 1999, Hartford House, 9th Avenue Bistro, Havana Grill, Little Havana, Jewel of India, Simply Asia, Versailles and Max's Lifestyle Tavern.

Hospitality


Sky Lounge for Cape Royale Luxury Hotel and Spa
The Sky Lounge at the Cape Royale Luxury Hotel and Spa will soon have a new international venue, the NikkiBeach club concept, following a capital investment of over R4.5 million. Hospitality specialist, Urban Avantgarde, has acquired the portfolio and management contract of the development. Read more >>

Manufacturing


SA June PMI drops 5.4 points to 48.2
Manufacturing activity plunged to its lowest level since August 2011 in June‚ with new sales orders and business activity hit the hardest‚ a key survey showed today, 2 July 2012. Read more >>

Packaging


Peninsula Beverage Company wins international award
At the recent Eurasia and Africa President's Sustainability Awards function that took place in Istanbul, Turkey, Peninsula Beverage Company (PenBev), local bottler of Coca-Cola products, was identified as one of the Top 10 bottlers out of 250 bottlers in the Coca-Cola Eurasia and Africa region. Read more >>

Research


Customers becoming harder to please: survey
[Zeenat Moorad] Consumers are now harder to define‚ understand‚ and please than ever before; and the majority of companies are struggling to take advantage of the opportunities available to them‚ a survey by Ernst & Young revealed on Friday. Read more >>


International
Interbrand releases 2nd annual Best Global Green Brands Report
LONDON, UK: Interbrand, one of the world's leading brand consultancies and author of the annual Best Global Brands Report, has released its 2012 Best Global Green Brands Report. Toyota (#1), Johnson & Johnson (#2), and Honda (#3) top the ranking with Danone (#9), Ford (#15), Starbucks (#36) and UPS (#43) representing this year's top risers. Read more >>

More International...


Company news

Packaging


Nampak achieves Level 3 BBBEE rating - Nampak
Nampak, Africa's largest packaging company, has announced that it has achieved a Level 3 BBBEE rating as certified by independent ratings agency, Empowerdex. This is up from Level 4 in the last two years. Read more >>


Government
Sars sweeping powers open to abuse
It has been seven years in the making and through two rounds of public consultation, so the soon to be promulgated Tax Administration Bill shouldn't come as a surprise. Nevertheless, for many it will be just that. Read more >>

Uncertainty over Zuma jet deal
The department of defence declined to comment on Friday on reports that it was finalising the purchase of a luxury VIP jet for President Jacob Zuma. However‚ there are suggestions that no such deal is on the cards. Read more >>

Gordhan‚ Magashula to launch tax season
Finance Minister Pravin Gordhan and the South African Revenue Services (SARS) Commissioner Oupa Magashula will launch the 2012 tax season in Pretoria today. Read more >>

More Government news...


Travel
Etihad Airways 'kicks-off' flights to Nigeria with Manchester City FC aircraft
Etihad Airways' has started its six flights a week service between the airline's Abu Dhabi home-base and the Nigerian city, Lagos. Read more >>

More Travel news...


BizLounge
Imaginary countries for old men
[Charles Siboto] No Country for Old Men, the title of the Cormac McCarthy novel and its Oscar winning film adaptation by the Coen brothers, echoes the trend I've been noticing in Hollywood for the last decade at least; all the old men (and, to a slighter degree, women) have left our "immoral" contemporary society and have gone to seek their fortunes in fantastical pasts that never were and space-age futures in distant galaxies that we hope will come to pass. Read more >>

More BizLounge news...


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Quotes
"It's not hard to make decisions when you know what your values are. ( via Power to Change )" - Roy Disney


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