An employee works on an ophthalmic lens at 'special glasses' laboratory of the Essilor factory, in Ligny-en-Barrois, eastern France | ©  | Jean-Christophe Verhaegen
French group Essilor to buy Ray-Ban maker Luxottica

PARIS - French lensmaker Essilor said Monday it has agreed to buy Italy's Luxottica, maker of Ray-Ban sunglasses, in a bid to create a new global giant in the sector.

15 minutes ago

The Inkosi Albert Luthuli International Convention Centre Complex in Durban
SA cities first in Africa to be included in GDS-Index

The first cities in Africa to be included in the Global Destination Sustainability Index (GDS-Index), an innovative new way to measure the level of sustainability cities offer to MICE events (Meetings, Incentives, Conventions, and Exhibitions) industry, are Durban, Cape Town, and Tshwane.

1 hour ago

Young Gun Films make magic for new Opel Mokka X
Young Gun Films make magic for new Opel Mokka X

Up-and-coming Cape Town film mavericks Young Gun Films recently got the chance to weave their cinematic magic on the launch of the new Opel Mokka X. This exciting addition to the Opel range arrives on our shores early in 2017.

Issued by Young Gun Films 3 hours ago

A pedestrian walks past a Cartier store, operated by Richemont, as it stands illuminated at night in Shanghai, China. Picture:
Richemont sales growth returns

Luxury goods company issues upbeat trading update on first sales spike since August 2015 period as global jewellery demand rises.

By Colleen Goko 4 hours ago

Freeimages9 via
Crookes Brothers might be ripe for the picking

Multinational food processing and retailing company Associated British Foods swallowed SA's biggest sugar industry player, Illovo, in May last year. The move by the British group (which, as it happens, owns cheap 'n chic Primark) was part of a scramble for Sub-Saharan African agricultural assets. Crookes Brothers, another JSElisted player now stands out as another highly attractive potential target.

4 hours ago

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How being sceptical paid off for Massmart

The company says its cautious strategy in the rest of Africa is proving to be the right approach.

By Adele Shevel 5 hours ago

Shoppers leave a Woolworths store in Lenasia, south of Johannesburg. Picture:
How can Woolworths shake off the doldrums?

The just-released trading update from Woolworths points to 2017 being another extremely tough year for a group that was, until as recently as the end of 2015, one of the darlings of the investment community.

By Ann Crotty 2 days ago

Surprise uptick at factories
Surprise uptick at factories

A recovery in agricultural output and the uptick in the mining sector could support demand going forward, BER economists predict.

By Asha Speckman 2 days ago

skeeze via
Astral Foods projects a poultry catastrophe if Eskom cuts off defaulting councils

Poultry producer Astral Foods on Thursday said its electricity supply will stop on January 23, the deadline Eskom has given Mpumalanga's Lekwa Local Municipality to settle outstanding debt. Astral is the municipality's largest client and relies on uninterrupted electricity and water supplies.

By Mark Allix 3 days ago

A man looks at a Montblanc watch, part of Switzerland-based luxury goods holding company Richemont.
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Richemont benefits from Christmas spending

Luxury goods group says women's fashion brand Chloé, fountain pen and watchmaker Montblanc and men's clothing brand Peter Millar performed well.

By Robert Laing 3 days ago

(c) radub85 -
Woolworths update bodes ill for sector

There are further signs of trouble in SA's struggling retail sector, with Woolworths releasing a poor trading update that analysts say can only be a bad omen for the rest of the retailers still to release their Christmas figures.

By Colleen Goko 3 days ago

maabsnco0 via
Price of major food commodities fall for fifth year in a row

For the fifth year in a row, prices of major food commodities have declined - some 1.5 percent below their 2015 levels - averaging 161.6 points for the year as a whole. Upward pressure on FAO's Food Price Index from tropical commodities such as sugar and palm oil, where El Niño had an impact on production, was offset by bumper harvest and prospects for staple cereals. The Index averaged nearly 172 points in December, unchanged from November.

3 days ago

#BizTrends2017: Top six trends for this year
#BizTrends2017: Top six trends for this year

Using the Flux Trends T.R.E.N.D.S acronym (Tech, Retail, Economy, Natural world, Diplomacy, Socio-cultural), Flux presents six trends for 2017. These are just a sample of a broader selection of trends, which Flux will explore in-depth at our first trend presentation of the year: 'The State We're In: 2017 - Dazed and Disoriented, the impact of being WOKE'.

By Dion Chang and Raleen Bagg 9 Jan 2017