12 Dec 2011

Retail | South Africa

 

So long 2011

Happy Bizmas!We've been counting down the weeks
And at last the time has come
The final newsie of year
But fans, please don't be glum
We'll be back by January 9
Till then we wish you well
And for our loyal readers,
These few items on which to dwell...
Food prices are a easin'
More forecasts for the season
Make the best of festive spending
Or see what you will be missing

And so we bid you a fond adieu
May the shoppers empty your shelves
You know you'll need the space
To welcome 2012!

Until then, to all our subscribers, clients, contributors, business partners and visitors to our sites, may you all have a restful, peaceful, safe and enjoyable festive season!


Shan Radcliffe, Retail editor
Please send retail news to: retailnews@bizcommunity.com
Responses to this column welcomed in our new online editor's column archive.


Top stories


Editorial news

Retail


Food prices ease marginally in November
The food price index was virtually unchanged in November from its October level, according to the United Nations (UN) Food and Agriculture Organisation (FAO). Read more >>

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Brimstone invests in Taste Holdings
Quick service restaurant group Taste Holdings announced on Thursday, 8 December, that Brimstone Investment Corporation had agreed to subscribe for 24 million ordinary shares in the authorised share capital of Taste at an issue price of R1.54 per share, resulting in an aggregate subscription price of R36,96 million. Read more >>

Spur meets resistance over directors' pay
Spur CEO Pierre van Tonder still hopes to convince institutional investors who vetoed the restaurant chain's proposed 40% hike for nonexecutive directors that the increase is not excessive. Read more >>

October retail trade sales up 7.4%
South African retail trade sales at constant (2008) prices for October rose 7.4% year on year (y/y) after downwardly revised growth of 7.7% (8.3%) in September, figures released on Wednesday, 7 December, by Statistics SA showed. Read more >>

BUSA predicts 3% GDP growth in 2012
Business Unity South Africa (BUSA) says it expects South Africa's economy to grow by 3% in 2012. Read more >>

Associations


Cape Winemakers Guild adds new members
The Cape Winemakers Guild has added two new members to its ranks, Bartho Eksteen of Hermanuspietersfontein Wingerde and Miles Mossop of Tokara, bringing the total up to 45. Read more >>

Banking & Finance


New credit stats out
As at end of September 2011, credit bureaus had records for 19.10 million credit-active consumers, an increase of 1.4% over the 18.84 million reported for the quarter ended June 2011. Consumers classified in good standing increased by 232 000, a 0.5% increase in proportion to the total number of credit-active consumers. The number of consumers with impaired records increased by 24 000 to 8.83 million, a 0.5% decrease quarter-on-quarter and 0.1% year-on-year. Read more >>

Could be good festive season, judging by Nov ATM withdrawals
The average cash withdrawal values across South Africa for November 2011, as measured by the Spark Cash Index (SCI), reflected a 2.18% year-on-year increase from R412 to R421, while month-on-month cash withdrawal values also reveal a positive increase of 0.72% from October to November 2011. Read more >>

Brand news


Clothing & Textiles


Sactwu welcomes preferential procurement products
The SA Clothing and Textile Workers Union (Sactwu) on Wednesday welcomed the announcement by government of the first wave of products designated in terms of the new preferential procurement regulations, which came into effect today, 8 December. Read more >>

Corporate Social Investment


CRM


The customer is always right... even if they're wrong
[Chris Moerdyk: @chrismoerdyk] Walk up to the average South African retailer and whisper the magic words "customer service" and he'll react as though you stuffed a terminally venomous South American crotch eating spider down his shorts. And I really don't understand why. It isn't a stringent set of rules and regulations. In fact, customer service is nothing more than an extremely simple way of making lots of money. No more and no less. Read more >>

e-Commerce


South African businesses missing out this Christmas
[Luke McKend] Listening to Bruce Whitfield recently on 702 Radio, I was surprised by an on-air conversation that suggested that it wasn't possible to do all of your Christmas shopping online in South Africa. I decided to find out whether this was true based on three simple tests: Could I find the product online? Was there sufficient information to help me make a buying a decision? Could I buy the product online? Read more >>

46664 Fashion launches online retail store
Having launched in-store in August 2011, 46664 Fashion is now reaching into e-tail, with its online store officially open for trading in South Africa, Botswana, Namibia, Lesotho and Swaziland. Read more >>

Exhibitions & Events


FMCG


Green sustainability


2016 deadline for old light bulbs
It will take government four years to change South Africa's light bulbs. Read more >>

Hospitality


Manufacturing


New Unilever dry food plant officially open
The R670-million state-of-the-art savoury Unilever dry food plant, at Riverhorse Valley in Durban, was opened by the Minister of Trade and Industry, Dr Rob Davies on 8 December 2011. He endorsed it as one of the largest private investments in South Africa since the 2010 World Cup. Read more >>

Merchandising


Capitalising on festive spending patterns
[Kathryn Aquadro] Following the results of Deloitte's Christmas Spending Survey 2011, which contained statements such as "South African shoppers are undoubtedly stressed and looking for options that allow them to spend less", my group set out to explore who is doing what and how the past year is going to influence shoppers this festive season. Read more >>

Packaging


Regulatory


Framing the alcohol advertising regulation debate
[Herman Manson: @marklives] The advertising and media industries are bracing for stricter government regulation of alcohol advertising. It is an incredibly complex and global issue, so here is a framework to help contextualise what is actually going on. Read more >>

African counterfeiting laws too weak
Annually, counterfeit goods worth an estimated US$600 billion (6% of world trade) are traded around the world and, unfortunately, Africa has become a popular dumping ground for such goods. Cheap, low quality goods, which often do not meet local safety or health requirements, are flooding African markets including South Africa. Such goods range from pharmaceutical products, to shoes and clothing to electronic goods and foodstuffs, to name but a few. Read more >>

Research


October wholesale sales up 8.9%
Wholesale trade sales at constant (2000) prices for October grew 8.9% year on year (y/y) compared with a revised 9.4% (9.5%) in September, Statistics SA data showed on Wednesday, 7 December. Read more >>

Festive season spending shows careful but increased spending
The South African Council of Shopping Centres (SACSC) has noted that festive consumer spend is set for marginal growth in 2011, citing opinions from Christo Luüs, Economist at EcoQuant and Alf Kippen of Resolutions Retail. Read more >>

October retail trade growth seen at 7.6%
[Zeenat Moorad] Growth in SA's retail trade sales at constant (2008) prices for October is expected to lose a bit of momentum to a decrease of 7.6% year on year (y/y), from a y/y growth of 8.3% in September, according to a survey of leading economists by I-Net Bridge. Read more >>

Retail marketing


2011 Most Popular lists for Bizcommunity Retail
Here they are, Bizcommunity.com Retail's 2011 lists of most popular articles and those that drew the most comment. So, do you agree with the numbers - or do you have your favourites (and not-so-favourites)? Read more >>

Retailers


Pick n Pay increases shareholding in TM Supermarkets
On 8 December 2011, the shareholders of TM Supermarkets voted unanimously to allow Pick n Pay to purchase an additional 24% of shares, bringing its holdings up to 49%. The Competition and Tariff Commission of Zimbabwe agreed, subject to certain conditions pertaining to labour and local procurement of goods. Read more >>

Security


Norton issues Trojan warning during festive spending
The direct cash cost due to cybercrime in South Africa amounting to R4 billion in the last twelve months according to the Norton Cybercrime Report and each attack takes on average 16 days to resolve. With this in mind, there is a renewed need for local users to become more vigilant when banking and carrying out everyday tasks online. Read more >>

Technology


Revolutionary solar system uses prepaid cellphone system
The Econet Solar Home Power Station is a revolutionary, standalone electricity solution designed for around 70% of Africa's people, who live in off-grid communities. It has been designed to supply, on a pre-paid basis, affordable lighting for small homes and cellphone charging. Read more >>


International
MIPFormats Pitch 2012 competition opens
PARIS, FRANCE: The MIPFormats Pitch 2012 call for entries is now open. Warner Bros International Television Production (WBITVP), the exclusive sponsor of the competition, will oversee pre-selection to choose the final competition contestants and will spend up to €25 000 to develop the winning project of the MIPFormats Pitch. Read more >>

Four in five US consumers won't tolerate a monthly debit card fee
CHICAGO, US: Consumers are quickly becoming fed up with banking fees. If your financial institution began charging US$2/month for the convenience of having a debit card with your cheque account, what would you do? Read more >>

comScore, Buddy Media join forces
NEW YORK / RESTON, US: comScore, Inc, a leader in measuring the digital world, and Buddy Media, the social enterprise software of choice for eight of the world's top 10 global advertisers, have announced a strategic partnership to help brands and agencies measure and maximise the value of their social marketing programs. Read more >>

Celebs get their own apps
NEW JERSEY, US: Apps have become essential for businesses seeking to extend the life of their brands and products, and they have become part of the overall marketing plans for many major corporations and industries. Celebrities are also benefiting by being able to extend and enhance the life of their "brand". Read more >>

October 2011 US mobile subscriber market share
RESTON, US: comScore, Inc, a leader in measuring the digital world, has released data from the comScore MobiLens service, reporting key trends in the US mobile phone industry during the three month average period ending October 2011. Read more >>

More International...


Company news

Corporate Social Investment


The Leeuloop raises money for a good cause! - Elizabeth Arden
Elizabeth Arden MD Corne Nel recently put himself in a bit of a compromising position in order to raise much-needed funds for charity. Read more >>

FMCG


Stimorol Infinity: The Rage Party (Plettenburg Bay) - made memories that will live on and on and on! - Kraft Foods South Africa
Stimorol Infinity: The Rage Party took place as part of the Plett Rage Festival 2011 on Wednesday 7 December. Read more >>


Stimorol Infinity: The Rage Party - made memories that will live on and on and on! - Kraft Foods South Africa
On Saturday 3 December, Stimorol hosted the "Stimorol Infinity: The Rage Party", one of the main attractions of the 4U Rage Festival 2011. Read more >>

Franchising


Tiger Wheel & Tyre and Michelin ready for the festive rush - Tiger Wheel & Tyre
Tiger Wheel & Tyre and Michelin are preparing for the holiday rush and together are offering specials as road users prepare for their getaways. Read more >>

Logistics


IMPERIAL Logistics provides 40,000 meals - IMPERIAL Logistics
170 IMPERIAL Logistics employees, in partnership with global non-profit organisation, Stop Hunger Now last week packed 40,000 meals for distribution to early childhood development centres in and around the Group's Germiston-based Head Office. Read more >>


Government
Durban reaches historic deal
[Kemantha Govender] Governments, including 38 industrialised countries, have agreed to a second commitment period of the Kyoto Protocol from January 2013 as the COP17 drew to a close on early hours of Sunday morning. Read more >>

Nkoana-Mashabane hails landmark talks
[Kemantha Govender] COP17 president Maite Nkoana-Mashabane has congratulated all the delegations at the United Nations climate talks for "their leadership and rising to the occasion when it was most required". Read more >>

ANC: 'Parliament isn't accountable to Madonsela'
[Caiphus Kgosana] The ANC in parliament has blasted Public Protector Thuli Madonsela over her alleged comments on the Protection of State Information Bill. Read more >>

Donen report clears Motlanthe, Sexwale
Deputy president Kgalema Motlanthe, human settlements minister Tokyo Sexwale as well as the former director-general for the Department of Minerals and Energy, Sandile Nogxina, had not contravened any South African law concerning the United Nations' Iraqi Oil-for-Food Programme. Read more >>

Cabinet cracks whip on non-compliance
Cabinet has announced that it will intervene in the financial administration of three provinces in the country. The move, which was taken after a special Cabinet meeting on Monday, aims to address under-spending, overspending and challenges with supply chain management. The three provinces are Gauteng, Free State, and Limpopo. Read more >>

More Government news...


Motoring
Chevrolet bakkie oozes class... in all but name
[Henrie Geyser: motoring editor] General Motors SA has launched a nifty new small bakkie called the Chevrolet Utility to take over the market leadership role held by South Africa's favourite small bakkie, the Opel Corsa which has come to the end of its life cycle. Read more >>

Pack up your troubles in a first-aid kit
[Graham Anderson] Make sure you have a well-stocked first-aid kit to deal with any minor injuries that could befall your family this holiday season. Read more >>

More Motoring news...


Travel
Inn On The Square... in Cape Town's centre
[Brian Berkman: contributing editor, travel] As Rezidor Hotels prepared to open newly built Park Inn-brand hotels in Gauteng they withdrew their brand from their Green Market Square, Cape Town location because, according to a previous Rezidor executive, the owner wasn't willing to spend what would be required to bring it up to Park Inn's upgraded code. Read more >>

Five essential tips for negotiating airports on your holiday
[Joanne Adolphe] It's that time of year when many of us take our annual holiday - and for the lucky ones among us, that means an overseas trip. It also means negotiating airports, which can be a bewildering, time-consuming and frustrating exercise, especially if you're not a frequent traveller. Read more >>

Cape Town is world's 5th most desirable holiday spot
An international poll conducted by British Airways shows that Cape Town is the fifth most desirable destination in the world among eager travellers keen to get away for the festive season according to a report published by IOL Travel. Read more >>

More Travel news...


BizLounge
Join the joyride in Drive
[Eugene Yiga] Ryan Gosling is fast becoming one of my favourite actors. Who can forget his performance as a drug addict teacher in Half Nelson or as a delusional guy in love with a life-size doll in Lars and the Real Girl? And then there was his amazing work opposite Michelle Williams in Blue Valentine. Well, we can now add Drive to the list of his accomplishments. Read more >>

Eat your art out
[Eugene Yiga] Around 15 000 people are expected to attend the 15th annual Obs Arts Festival from Friday 9th to Sunday 11th December. It all takes place at the Observatory Village Green and surrounding roads and venues in Observatory, Cape Town. The festival first began when local musicians got together 15 years ago to raise funds for the suburb's library. It has now grown into a memorable showcase Capetonians look forward to every year. Read more >>

Capacity crowd for Lil Wayne
[Nicholas Cavaleros] Young money representative Lil Wayne kicked off his I Am Still Music Tour in front of a capacity crowd at the Bellville Velodrome in Cape Town. Fans of the entertainer had no problem queueing outside of the venue for hours in the pouring rain in order to get a close up glimpse of Weezy, many of which were fooled by impersonators and lookalikes of the fastest growing commercial rapper alive. Read more >>

Die MK Avontoer tours the Western Cape coast
The Die MK Avontoer rock 'n roll tour, featuring a host of musicians, photographers, troubadours, magicians, pirates, fans and wild cards will be appearing at five coastal venues between 21 and 31 December, 2011. Read more >>

Michael Bublé to tour South Africa
Canadian superstar Michael Bublé will be bringing his Crazy Love Tour to the Grand Arena, GrandWest, Cape Town on 1 and 2 May and the Superbowl, Sun City on 5 and 6 May, 2012. Read more >>

Robo cop-out in Real Steel
[Eugene Yiga] It's 2020 and a lot has changed. Apparently, all we ever wanted from boxing was to watch two guys beat each other up. And as mixed martial arts and other brutalities in a cage can only go so far, we've switched over to the next best thing: robot boxing. Read more >>

More BizLounge news...


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Quotes
"A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life. (via Brainy Quote)" - Suze Orman
"The future of retail is the integration of Internet and digital services with the retail network. (via Warc)" - Charles Dunstone
"To keep the body in good health is a duty - otherwise we shall not be able to keep our mind strong and clear. (via Joy of Quotes)" - Buddha
"Clothes and manners do not make the man; but, when he is made, they greatly improve his appearance. (via Dumb.com)" - Henry Ward Beecher
"Advertising moves people toward goods; merchandising moves goods toward people. (via Brainy Quote)" - Morris Hite


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