Massmart sales outlook gloomy
Massmart sales outlook gloomy

Sales for diversified retailer Massmart Holdings in the first five months of this year were disappointing and no noticeable improvement was expected in the local consumer sector for the rest of this year, CEO Guy Hayward told shareholders at the group's annual general meeting on Thursday.

16 hours ago

Image credit: Sunday Times
Spur rejects grilling, accuses union of ‘specific political agenda'

Spur CEO Pierre van Tonder accused Solidarity of trying to score "political points" yesterday after the union's CE penned an open letter, saying he had "lost his appetite" for the restaurant franchise.

17 hours ago

Amazon opens first brick and mortar New York bookshop
Amazon opens first brick and mortar New York bookshop

NEW YORK, US - Online retail giant Amazon on Thursday opened its first brick and mortar bookstore in New York, selling a limited range of its highest-rated books and letting customers browse products as in times gone by.

17 hours ago

Coca-Cola saves 290 Olympic-sized swimming pools of water
Coca-Cola saves 290 Olympic-sized swimming pools of water

Coca-Cola Beverages South Africa (CCBSA) has announced a saving of almost 726 million litres of water over the past six years, equivalent to 290 Olympic size swimming pools of water, as the country faces its most severe drought in more than 40 years.

18 hours ago

#AfricaMonth: Period of super returns gone, but opportunities in Africa remain
#AfricaMonth: Period of super returns gone, but opportunities in Africa remain

With 42 years' experience in the property sector and a footprint that expands well across the sub-Saharan Africa (SSA) region, Broll Property Group is well positioned to provide insight on doing business on the continent. We interviewed group CEO Malcolm Horne to find out more about the company's history, what it takes to succeed in the SSA space, and what some of the trends are that are driving the commercial property sector on the continent.

By Sindy Peters 18 hours ago

Grant Pattison to take up CEO-designate role at Edcon from June
Grant Pattison to take up CEO-designate role at Edcon from June

Former Massmart CEO Grant Pattison will replace Bernie Brookes as Edcon CEO in February 2018.

18 hours ago

#AfricaMonth: The Crazy Store takes on Botswana
#AfricaMonth: The Crazy Store takes on Botswana

South African discount retail chain, The Crazy Store, has expanded its footprint into neighbouring Botswana, opening an outlet in the expanding Gaborone suburb of Phakalane.

By Lauren Hartzenberg 19 hours ago

Meet the Afro-centric kidswear brand uplifting PE communities
Meet the Afro-centric kidswear brand uplifting PE communities

Myang is an all-woman company, which provides employment and upliftment opportunities for several women in the poverty-stricken communities of Port Elizabeth. Producing shoes and fashion items with a strong African sense, it has made headway with its Afro-centric products for kids aged birth to six years.

19 hours ago

WTM Africa 2017 impressive increase in numbers
WTM Africa 2017 impressive increase in numbers

The WTM portfolio is set to smash last year's achievement of $7bn worldwide industry deals after posting impressive visitor increases at its recent 2017 events - WTM Latin America, WTM Africa and Arabian Travel Market.

Issued by World Travel Market Africa 20 hours ago

Image credit: Lewis Group
Lewis opts for share buyback

Struggling furniture and household goods retailer Lewis Group will take advantage of poor sentiment for its stock by embarking on a share buyback exercise.

By Marc Hussenfuss 21 hours ago

Tiger Brands reports interim HEPS up 7% to R10.36
Tiger Brands reports interim HEPS up 7% to R10.36

Fast moving consumer goods group Tiger Brands on Thursday reported a 7% increase in interim headline earnings per share (HEPS) to R10.36 for the period to end-March.

1 day ago

Indaba highlights South African manufacturing opportunities
Indaba highlights South African manufacturing opportunities

The 4th annual Manufacturing Indaba, a two-day conference and exhibition, will be hosted at Emperors Palace, Ekurhuleni from 27-28 June 2017.

1 day ago

#WomensMonth is not important
#WomensMonth is not important

“Women's Month is not important if it means we only pay attention to women's issues for 31 days of the year." - Moyin Oloruntoba

Issued by Bizcommunity.com 2 days ago