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Retail

Today's top stories


African markets could boost South African food value chains
The prices of essential goods and services are escalating at a higher rate than consumers are earning, which results in decreased consumer spending power and a negative impact on the retail and food processing sector, as well as farmers. Read more >>


Banking & Finance
South Africa 'too reliant on personal taxes', says professor

Amanda Visser

South Africa relies too heavily on just two taxes in the total tax mix and, as the current tax system is already "at full stretch", any further demands would distort economic activity and taxpayer behaviour. Read more >>

Brand News
Deciduous fruit helps Crookes grow profit

Marc Hasenfuss

Agribusiness group Crookes Brothers - best known for sugar cane production - is also starting to see a sweet yield from its deciduous fruit operations in the Western Cape. Read more >>

Issy Zimmerman joins Design Partnership
Issy Zimmerman, a successful merchant with excellent business acumen, has joined Design Partnership to head up its newly formed procurement division. His decades at the forefront of South Africa's retail sector with the Reggies and Toys R Us group, will be an asset to the agency. Read more >>

Fashion, Clothing & Textiles
KAP sells footwear interests
Industrial group KAP (KAP) has sold its footwear interests to Bolton Footwear for an undisclosed amount. The transaction forms part of KAP's strategy to focus on strategic industrial assets within emerging markets. The brands will be integrated into Bolton's footwear division. Source: AFP/I-Net Bridge

FMCG
Peppadew pasta sauces add zing
Following on the success of its piquant peppers, Peppadew International has added pasta sauces to its brand name products, which include pickled jalapenos and pickled onions. Read more >>

Manufacturing
SA April manufacturing production down 1.5%
Manufacturing production fell by 1.5% year-on-year (y/y) in April‚ its first year-on-year decline since September 2013 after increasing by 0.7% y/y in March. This according to data released by Statistics South Africa today, 10 June 2014. Read more >>

Union settles strike but sugar workers won't work

Nce Mkhize

Hundreds of Tongaat Hulett refinery workers in Clairwood‚ Durban‚ refused to return to work, defying the wage agreement signed by the Food and Allied Workers Union (Fawu). Read more >>


International

Nissan new e-NV200 electric car
YOKOHAMA, JAPAN: Nissan has unveiled its second all-electric vehicle, the e-NV200, the Japanese car manufacturer's latest push into the eco-friendly car sector despite disappointing sales. Read more >>

Global cybercrime worth $445bn
WASHINGTON, USA: Cybercrime has grown into a global industry worth around half a trillion dollars, with no sign of slowing, a research report has claimed. Read more >>

Microsoft releases Halo at E3 extravaganza
LOS ANGELES, USA: Microsoft aimed squarely at hard-core video game players with the release date for "Halo: The Master Chief Collection" and a barrage of other titles for play on its new-generation Xbox One consoles. Read more >>

Second annual global customer service survey: The findings
INDIANAPOLIS, US: Research by global software provider Interactive Intelligence Inc reveal what customers look for in a great service experience. Read more >>

Free imprisoned journalists says world press

More International


Government

SA, US to share tax information
Finance Minister Nhlanhla Nene and US ambassador to South Africa Patrick Gaspard have signed an intergovernmental agreement to improve international tax compliance and to implement the Foreign Account Tax Compliance Act. Read more >>

SA developing blue economy strategy
In order to make full use of its oceans' potential, the South African government is in the process of developing a blue economy strategy, said the Department of Environmental Affairs. Read more >>

MPs blame Parliament's food for their obesity

Aphiwe Deklerk

Over-weight MPs say they have had enough of the fattening food they get fed in the National Assembly saying it is the unhealthy food that is to blame for their weight gain. Read more >>

Germany pulling out of SKA disappointing
Science and Technology Minister Naledi Pandor has expressed disappointment at Germany's intention to withdraw from the Square Kilometre Array (SKA) Organisation in 2015. Read more >>


More Government news


Jobs offered

In-Store Sales Consultant - Johannesburg
Volure Hair Boutique is a hair extension and hair product company looking for enthusiastic, ambitious, dynamic, and business minded people who want to work hard and grow with the company. Read more >>




New events to diarise

Source Africa
Source Africa - 18 Jun 2014 to 20 Jun 2014 Cape Town

Introduction to trading and investments
Regenesys Business School - 21 Jun 2014 Johannesburg

KragDag Expo 2014
KragDag - 26 Jun 2014 to 28 Jun 2014 Pretoria

Winter Bridal Expo 2014
Oakfield Farm - 5 Jul 2014 to 6 Jul 2014 Johannesburg

Fashion and clothing market
Retrovee - 9 Jul 2014 Cape Town

Funama Wedding Exhibition
Funama Productions - 26 Jul 2014 Polokwane (Pietersburg)

Grow your business expo
Funama Productions - 30 Jul 2014 Polokwane (Pietersburg)

NOSHCON 2014
NOSA - 9 Sep 2014 to 12 Sep 2014 Central Drakensberg

Green Building Convention
GBCSA - 10 Sep 2014 to 12 Sep 2014 Cape Town

3rd European Ports and Shipping Conference 2014
United Market Insight - 18 Sep 2014 to 19 Sep 2014 Amsterdam


Upcoming events

Measuring marketing ROI and customer engagement - 10 Jun 2014 Johannesburg
Measuring marketing ROI and customer engagement! Attend this workshop on 10 June - Learn how to master the calculations from financial and customer data to guide your marketing spend and determine ROMI. Read more >>


Africa Investment Promotion Summit
Africapaciti - 11 Jun 2014 to 12 Jun 2014 Tshwane

Cape Town Book Fair
Thebe Reed Exhibitions - 13 Jun 2014 to 15 Jun 2014 Cape Town

South African Book Fair
Thebe Reed Exhibitions - 13 Jun 2014 to 15 Jun 2014 Cape Town


Quotes

Celestine Chua
"If you are not pursuing your passion, then you really have nothing to lose."

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