Netflix now easily available on Hisense televisions

Hisense Smart TV's now come equipped with a dedicated Netflix button on the remote control. The button will activate an already pre-installed Netflix app which will enable viewers to start watching immediately. Netflix subscribers will simply need to be connected to the internet via their Hisense...

28 Jan 2016

Transpaco forecasts strong second-half earnings

Packaging company Transpaco's (TPC) second-half headline earnings per share are expected to increase by between 44% and 55% to between 182c and 197c from 126.7c in the previous comparable period, the company said. At 1.33pm the counter was trading 10.26% higher at R21.50 from R19.50 previously.

27 Jan 2016

Ellies sees 92.2% improvement in H1 headline loss per share

Ellies (ELI), a manufacturer, wholesaler, importer and distributor in diversified sectors, has reported a headline loss per share of 1.02c for the six months ended October 2015, a 92.2% improvement on the previous comparable half year. The group said on Monday that during the six months it had...

26 Jan 2016

Volume of goods transported in November down 1.5%

The volume of goods transported in November 2015 decreased 1.6% year on year, Statistics SA said on Monday. The corresponding income decreased 3.9% over the same period, it said. For the three months ended November 2015, income from freight transportation decreased 3.3% compared with same...

26 Jan 2016

Lewis revenue affected by new affordability assessment regulations

Furniture group Lewis (LEW) said on Monday that trading conditions for the nine-month period ended 31 December 2015 had remained extremely challenging. It said sales had been affected by weak consumer demand, constrained employment, the drought in the agricultural sector and difficulties in the...

26 Jan 2016

Income from food and beverage up 6% y/y in November

Measured in nominal terms (current prices), total income generated by the food and beverage industry increased 6% in November 2015 compared with November 2014, Statistics South Africa said on Monday. The highest annual growth rates were recorded for other income (10.9%) and bar sales (8.6%), it...

26 Jan 2016

Clicks sales increase 13.6%

Clicks Group (CLS) sales were up 13.6% in the 20 weeks to 17 January, amid an environment of declining consumer confidence and increasing economic uncertainty, the company said. Clicks reported comparable store sales growth of 10.6%. The Body Shop increased sales 12.7% and Musica grew sales...

22 Jan 2016

The Shoprite Group provides water to communities

Due to South Africa's current drought, the Shoprite Group has been helping various local communities left without water and/or faced with water shortages. Following donations made to Aliwal North and Senekal, the Shoprite Group sent two trucks, carrying a total of 49,280 litres of water, to...

14 Jan 2016

Capital & Regional up more than 5% on expected dividend

Property group Capital & Regional (CRP) jumped 5.77% to R16.50 on Thursday after saying it expects to declare a final dividend of at least 1.5p on March 4 when it releases its results for the year ended December. It also announced a £35.5m acquisition of Marlowes Shopping Centre in Hemel...

14 Jan 2016

Foschini sales up 27% in December

Christmas trading was "above expectation" with group sales growth for December of 27.2%, The Foschini Group (TFG) said in a sales update on Monday. Group sales for the nine months to 26 December 2015 increased 33%. "Sales post Christmas to 9 January 2016 have been good with group sales...

12 Jan 2016

Itatile director sells shares for R15.2m

Italtile (ITE) nonexecutive director Alessia Zannoni sold R15.2m worth of shares last Friday, a director's dealing statement from the building materials retailer showed on Monday. She sold 1.3-million Italtile shares for R11.69 each. Other directors dealings on Monday showed Grand Parade...

22 Dec 2015

Choppies looks to KZN

JSE-listed Botswana-based grocery chain Choppies (CHP) applied to the Competition Commission on Monday for authorisation to acquire 21 retail stores in KwaZulu-Natal and the Eastern Cape from Jwayelani. No value was given. Choppies said further details would be provided in due course. Source:...

22 Dec 2015

Tiger Brands settles with Dangote for $1

Tiger Brands (TBS) has reached an agreement with Dangote on the future of Tiger Branded Consumer Goods (TBCG) of Nigeria, it said on Monday. Tiger Brands will divest of its 65.7% shareholding in TBCG to Dangote for $1 and write off its shareholder loans to TBCG with an approximate value of R700m....

14 Dec 2015

Wholesale trade sales stable year-on-year

Wholesale trade, when measured in real terms (constant 2012 prices), has remained stable despite the slowdown in the South African economy, data from Statistics SA showed on Thursday. Seasonally adjusted wholesale trade sales fell 0.8% in October 2015 compared with September 2015. This followed a...

11 Dec 2015

Famous Brands' Hedderwick to retire in February 2016

Famous Brands (Fbr) group CE Kevin Hedderwick will retire on February 29 2016. Darren Hele, currently CE of the food services division, would be appointed group CE on Hedderwick's retirement, the company said on Tuesday.

2 Dec 2015

Quantum Foods declares a final dividend of 10c per share

Quantum Foods has felt the benefits of improved trading conditions in the South African poultry sector, posting a strong rise in headline earnings and moving into profit at the operating level. In the year to end September 2015, Quantum reported headline earnings per share of 54c, up from the 11c...

26 Nov 2015

Pioneer Foods FY diluted HEPS up 12% to 613c

Low growth and a competitive environment in SA will place significant pressure on Pioneer Foods (PFG) volumes and margins in 2016. However, the company said on Tuesday that it would continue to optimise its position despite the challenges it faced. Pioneer Foods reported diluted headline...

24 Nov 2015

Tiger Brands declares gross final dividend of 611c per share

SA's biggest food producer, Tiger Brands, said on Thursday that the group had recorded a solid performance during the year, driven by its core South African businesses. "However, this was partially offset by underperformance in certain of its international operations," the company said. In...

19 Nov 2015

Wholesale trade sales up 1% y/y in September 2015

Wholesale trade sales, when measured in real terms (constant 2012 prices), decreased by 1% year on year in September 2015, data from Statistics SA showed on Thursday. Seasonally adjusted wholesale trade sales increased by 1.7% in September 2015 compared with August 2015. This followed a...

19 Nov 2015

Woolies sales up 17.7% in first five months

Woolworths Holdings Limited sales increased by 17.7% in the first 20 weeks of the 2016 financial year, compared to the 20-week period a year earlier, the retailer said in a trading update on Tuesday, after the market closed...

18 Nov 2015

Tiger Brands will not support Nigerian operation

Tiger Brands has decided not to provide further financial support with respect to its investment in Tiger Branded Consumer Goods of Nigeria, the food company said in a cautionary announcement on Monday. Tiger Brands was exploring various alternatives with respect to its shareholding in Tiger...

17 Nov 2015

New Fanta campaign

Fanta has launched a campaign on its social media pages inviting fans to let everyone know what their favourite #FantaTastesLike. The brand will then select its favourite post and put out a challenge to selected bloggers and vloggers who will interpret the post and turn it into a video. The...

28 Oct 2015

Food and beverages industry income up 8.4% in August

Total income in the food and beverage industry increased 8.4% in August 2015 compared with August 2014, Stats SA said on Monday. Positive annual growth rates were recorded for food sales (9.7%) and bar sales (8.5%). In August 2015, the highest annual growth rates were recorded for restaurants...

27 Oct 2015

Wholesale trade sales down 0.1% y/y in August 2015

Wholesale trade sales, when measured in real terms (constant 2012 prices), decreased by 0.1% year on year in August 2015, data from Statistics SA showed on Thursday. Seasonally adjusted wholesale trade sales decreased by 1% in August 2015 compared with July 2015. This followed month-on-month...

23 Oct 2015

SA steel output jumps 24.5% in September to 625,000 tons

South African steel production jumped 24.5% in September to an estimated 625,000 tons after rising by 2.3% y/y in June to 530,000 tons, according to the World Steel Association (worldsteel). The June production rise was the first y/y increase so far this year and heralded a turnaround in the...

22 Oct 2015

Cashbuild posts 13% Q1 revenue

Hardware chain Cashbuild said on Wednesday its revenue for the first quarter was up 13%. In its first quarter operational update, the company said 10 new stores opened since 1 July 2014 had contributed 3% of the increase, while existing 213 stores accounted for 10%. "Transactions through our...

22 Oct 2015

Capital & Regional appoints new non-executive director

Capital & Regional, a UK shopping mall owner, announced on Thursday it had appointed Laura Whyte as its non-executive director to take effect from 1 December. Whyte, the company said, brought a wealth of experience from a long and successful career with John Lewis Partnership where she served in...

16 Oct 2015

SABMiller and AB InBev reach agreement in principle on takeover

SABMiller (SAB) on Tuesday announced that its board had agreed on the key terms of the sweetened potential takeover bid by Anheuser-Busch InBev. Under the terms of the possible offer, SABMiller shareholders would be entitled to receive £44 per share in cash. "The board of SABMiller has...

13 Oct 2015

SABMiller rejects InBev takeover bid: report

LONDON - British brewing company SABMiller has rejected an informal takeover offer from Belgian-Brazilian giant AB InBev, the world's biggest brewer, Bloomberg News said on Tuesday. SABMiller has snubbed the bid, worth £66.4 billion ($101 billion, 90 billion euros), arguing it was too low, the...

6 Oct 2015

Zeder interims HEPS drop 57.9% to 6.1c

Zeder (ZED) on Monday reported headline earnings per share (HEPS) for the six months ended August fell 58% to 6.1c from the matching period's 14.5c. The food producer holding company said this was due to nonrecurring performance fee expenses and marked-to-market losses, mainly due to the...

6 Oct 2015

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