Face of Lufthansa announced

South African media personality, Jo-Anne Strauss, has been nominated by Lufthansa German Airlines as the Face of Lufthansa South Africa. Previously, Strauss was elected Miss South Africa and served as a UNICEF advocate for international children's rights.

28 Apr 2016

Pick n Pay expecting full-year Heps up 20%-30%

Retailer Pick n Pay said on Monday headline earnings per share (Heps) for the 52 weeks to end-February are expected to rise between 20% and 30% compared to the prior year. The results are set to be released on 26 April.

12 Apr 2016

Imperial innovator takes top honour

Benjamin Engelbrecht, Imperial Cargo auto electrician, recently took top honours in Imperial Logistics' Innovation Fund initiative, winning R50,000 first prize. His brilliant Imperial Innovation Fund idea was for a new and improved female trailer plug that will prevent the electric loom from...

31 Mar 2016

Volvo Trucks are the official supplier to the McLaren-Honda Formula 1 team

Volvo Trucks was recently announced as an official supplier of trucks and haulage to the McLaren-Honda Formula 1 team. The partnership will see McLaren-Honda take delivery of a brand new fleet of 24 state-of-the-art Volvo FH Series trucks for the duration of the four-year agreement to provide...

4 Mar 2016

Arrow Electronics tops Fortune's Most Admired Companies list

Arrow Electronics has been named to Fortune magazine's "World's Most Admired Companies" for the 16th consecutive year. Arrow Altech again topped the list in the "Wholesalers: Electronics and Office Equipment" category based on input from industry executives, directors and analysts. Fortune's...

3 Mar 2016

German retail sales higher in January: data

FRANKFURT - German retail sales, a closely watched measure of household confidence, rose in January, suggesting consumer sentiment in Europe's top economy remains robust, official data showed on Monday... Retailers' sales expanded by 0.7 percent in January compared with December, the federal...

1 Mar 2016

Inga Gubeka awarded bespoke Glenfiddich variant

Glenfiddich recently held a private ceremony to honour Glenfiddich maverick, Inga Gubeka with his own bespoke variant. As the Glenfiddich maverick, Inga was awarded with the rare honour of bottling and naming his own variant of Glenfiddich whisky valued at R80,000. His bespoke variant was presented...

23 Feb 2016

Income from food and beverages up 7.7% in 2015

Measured in nominal terms (current prices), total income generated by the food and beverages industry increased 7.7% in 2015 compared with 2014, Stats SA said on Monday. In December 2015, total income increased 8.4% year on year. Positive annual growth rates were recorded for bar sales (9.6%) and...

23 Feb 2016

Wholesale trade sales up 0.6% y/y in December

Measured in real terms (constant 2012 prices), wholesale trade sales increased 0.6%% year on year in December 2015, Statistics SA data showed on Thursday. Wholesale trade sales increased 2% in 2015 compared with 2014. Seasonally adjusted wholesale trade sales increased 0.2% in December 2015...

19 Feb 2016

Webafrica adds e-commerce option

Webafrica has partnered with payment gateway, PayFast, to offer an e-commerce option to users of its DIY Website Builder. This will help small business owners to sell their products and services online. Customers using Webafrica's DIY Website Builder can enable e-commerce by simply dragging the...

17 Feb 2016

HCV wins PMR.africa Diamond Arrow Award

The PMR.africa Diamond Arrow Award for 2015 was awarded to Heavy Commercial Vehicle Underwriting Managers (HCV) for the second year in a row. HCV won in the category for Commercial Vehicles underwriting managers (UMAs). HCV is a heavy, medium and light commercial vehicle UMA that offers...

16 Feb 2016

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

Gemalto awarded leader in transport ticketing solutions

Three market research analysts have recognised Gemalto as the world's number one supplier of contactless and mobile solutions for public transportation. ABI Research, Juniper Research and IHS have all published independent reports that rank Gemalto as the global leader in this fast-growing sector....

11 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

SACAA scoops up award for public service

The South African Civil Aviation Authority (SACAA) received the Top Performing Public Service Award and achieved second position for the Transport and Logistics Award at the National Business Awards. The awards give recognition to the success, innovation and ethics of South African private...

24 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

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