[Shan Radcliffe, Group Head - Retail (@Biz_Retail)] Finance Minister Pravin Gordhan announced the 2014 budget last week, and those with vices will, as usual, be paying more for their sins. The wine industry, however, didn't take as hard a knock as spirits in the liquor trade. read more
[Shan Radcliffe, Group Head - Retail (@Biz_Retail)] Retailers appear to be battening down the hatches for a bleak winter... Last week, Edcon announced it will start retrenching staff this May in order to lower operating costs, while Naspers said it intends to shut down several of its ecommerce sites. read more
[Shan Radcliffe, Group Head - Retail (@Biz_Retail)] Following on the trend of big industry moves, Edcon announced, last week, it has appointed a new CFO - Toon Clerckx. read more
[Shan Radcliffe, Group Head - Retail (@Biz_Retail)] Some big moves in the industry this week: first, Taste Holding's has been so pleased with Marcel Strauss's leadership of The Fish & Chip Co., it's been decided that he will head up the company's new chicken acquisition, Zebro's.
Woolworths today announced that Christo Claassen will be taking over as MD of clothing and general merchandise from Brett Kaplan, who is planning to retire this year after an admirable 37-years with the company.
In other news, the annual SACSC Research Conference will be taking place in Sandton this April, British Airways has launched a new credit card in conjunction with MasterCard, and there's new opposition to Foodcorp and Oceana's merger.
Have a love-filled week! read more
[Shan Radcliffe, Group Head - Retail (@Biz_Retail)] The glow on the faces of many new homeowners dulled a little last week as the MPC decided to up the repo rate, the interest rate rising along with it. Banks expect consumers to exercise increased caution, while a cycle of interest rate hikes could see bad debt levels rise.
These fears don't seem to be slowing down the restaurant industry though, with Ocean Basket eyeing global expansion and Taste developing a palate for chicken. read more
[Shan Radcliffe, Group Head - Retail (@Biz_Retail)] Major retailers have been let off the hook, as the Competition Commission issued a notice of non-referral on Friday, following an investigation into long-term supermarket lease agreements.
Meanwhile, the Competition Tribunal last week heard arguments from the Commission and merging parties Foodcorp and Oceana about the terms of sale of Foodcorp's fishing business. read more
[Shan Radcliffe, Group Head - Retail (@Biz_Retail)] Statistics SA posted November's retail trade sales data last week, and while the figures look pretty perky, economists don't expect these levels to be sustainable. Retailers confirmed this with the release of their individual Christmas sales figures. read more
[Shan Radcliffe, Group Head - Retail (@Biz_Retail)] With some of us (myself included) taking a little extra time out and only stepping back into the office today, let's see what the first full week of the New Year had in store for us...
Car sales struggled through December and annual export sales did not reach expectations. Retail stocks are also feeling the strain of tightened consumer spending.
On the shelves, the Agricultural Product Standards Act is now prohibiting the sale of immature avocados.
January feels like a particularly long month, financially speaking, and as a friend of mine so aptly dubbed it, "the Salticrax month". read more
[Rod Baker, Content Director] 2013 ended sadly, with Madiba's passing, but that means that we can now go into 2014 with the hope that this year will be better than the last.
We in the media have the Protection of State Information Bill hanging over us; Jacob Zuma has only to sign it into law, but that in itself will, we're sure, provide for some very interesting times this year and possibly into the future, because it is almost certain that the law will be challenged, right up to the Constitutional Court.
South Africa is fortunate in having a vibrant and independent media (apart from some notable exceptions) and that should ensure that any government hoping to hide the truth will face a long, hard battle.
So let's head into 2014 in a positive frame of mind - even if in years to come, some may look back on them as "the bad old days".
Today sees the first of our newsletters for 2014 and we'd like to take this opportunity to thank you all... read more
[Shan Radcliffe, Group Head - Retail (@Biz_Retail)] Well, here it is folks. The final Bizcommunity retail newsletter for the year. read more
[Shan Radcliffe, Group Head - Retail (@Biz_Retail)] From art to coins to clothing, if you're looking for Mandela memorabilia, there's certainly no shortage. However, when purchasing items such as collectors' coins or artwork, be aware that there is any number of counterfeits out there. read more
[Shan Radcliffe, Group Head - Retail (@Biz_Retail)] Ah, December is here and the holiday season sales started in earnest last week, with local online retailers catching the USA's Black Friday fever as early as Tuesday. From item discounts to store discount coupons, my inbox was overflowing. read more
[Shan Radcliffe, Group Head - Retail (@Biz_Retail)] I'm not entirely sure where the time went, but there's officially only one month of shopping days left before the festivities come to a head. read more
[Shan Radcliffe, Group Head - Retail (@Biz_Retail)] With September retail sales looking rather dismal, and October cash withdrawals similarly slow, retailers should be even more conscious of what they're doing with their festive season windfalls.
SA's mobile handset market has some new competition in the form of Karbonn Mobiles, and Bevan Ducasse has three important lessons for mobile marketers.
On a sombre note, Spar CEO Wayne Hook will be retiring in January, as his wife has been diagnosed with a life-threatening illness. read more
[Shan Radcliffe, Group Head - Retail (@Biz_Retail)] The inaugural World Retail Congress Africa took place in Sandton last week, where the limited infrastructure and access to rural communities was highlighted as a key challenge of retailing in Africa. It was, however, pointed out that one of the continent's biggest advantages is its young population. read more
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