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Weekly top stories
Woolies shareholders approve proposed David Jones acquisition

Woolworths (WHL) shareholders have approved the proposed acquisition of David Jones‚ the Australian department store retailer.

Read more >>

Hunters want shops to keep game meat

Low-priced game meat sold in the supermarket alongside beef and chicken could soon become a reality if South African game hunters have their way.

Read more >>

Food eVangelists take the cake
[Issued by BMi Research]

Recent revelations about the growing power and reach of 'Food eVangelists' - consumers around the world who critique products, share opinions and influence others - illustrate how vital it is that the food industry listens and responds to the voice of these potent agents of change.

Read more >>

Mall developments show no sign of a slowdown

Alistair Anderson

As long as malls keep performing, developers will keep on building them, Emira Property Fund CEO James Templeton said on the sidelines of the South African Property Owners Association (Sapoa) conference earlier this week.

Read more >>

Three strategies for successful businesses

Jan de Beer

Even if entrepreneurs feel they have what it takes to make a business out of their talents, not everyone will be able to quit their day job, walk into a business arrangement and make it successful. So what are the predicting factors that can lead to a business making or breaking the bank?

Read more >>

Exporters report higher profits that domestically focused counterparts

Regus has released its annual South African exporter survey, which finds that more South African exporting businesses report growth in revenues or profits than companies focusing on solely domestic trade.

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Cradlestone Mall earns global recognition

Cradlestone Mall was named the winner in the Commercial section of the 9th Saint-Gobain Gypsum International Trophy awards that took place in Berlin on Friday 6 June 2014. The project was one of 87 projects entered into the global awards from 33 countries across the world, part of one of the largest competitions of its kind.

Read more >>

International, local line-up for E-commerce Conference

The annual South African E-commerce Conference will be held on 4 September 2014 at Gallagher Convention Centre, Midrand. Organisers, uAfrica.com, have announced the speaker line-up, which include international and local experts who will offer delegates a menu of e-commerce experience, insight, expertise and wisdom.

Read more >>

Retail 'therapy' not a good idea for debt-strapped consumers

In today's fast-paced life, consumers often reward themselves by buying something nice and, according to a recent AMPS 2013 study, 32% of South African adults say they shop for pleasure at least once a month and 72% of South African adults think the statement 'it is worth paying a higher price for a well-known brand' is true or very true.

Read more >>

Bidvest Steiner acquires Sanicorp

Bidvest Steiner has made its first acquisition in 56 years with the merger of Sanicorp into its group operations, acquiring its customer base and its movable and immovable assets. Sanicorp was in need of systems modernisation and access to expertise, products and services.

Read more >>

New Simba factory in KwaZulu-Natal

Snack manufacturer, Simba, a subsidiary of PepsiCo Inc, has launched its third South African manufacturing facility in Prospecton, KwaZulu-Natal. Described as a world-class manufacturing facility, employing the latest technologies, it will enable the company to meet the increasing demand for its Lays and Simba potato chip products.

Read more >>

African markets could boost South African food value chains

The prices of essential goods and services are escalating at a higher rate than consumers are earning, which results in decreased consumer spending power and a negative impact on the retail and food processing sector, as well as farmers.

Read more >>


Banking & Finance
Bribery and corruption perceptions higher

Evan Pickworth

Perceptions of widespread bribery and corruption by business executives in SA has climbed from 67% in 2011/12 to 78% currently, raising concerns that executives are battling to manage the effect of crime on their businesses. Read more >>

Standard Bank accused of reckless lending

Franny Rabkin

Standard Bank has been accused in court papers of recklessly giving loans to companies involved in fraudulent schemes known as "reverse mortgage schemes" in breach of the National Credit Act. Read more >>

Uber to take Capetonians for a cheaper ride
South Africa 'too reliant on personal taxes', says professor

Amanda Visser

Brand News
Taste Holdings wins communication award
At the Investment Analysts Society of SA (IAS) awards for the Best Corporate Reporting and Communications, held last week, Taste Holdings won in the Retail Services Sector for 2013 reports. Read more >>

Philip Costandius new MD, winemaker for Oldenburg Vineyards
From 1 July 2104, Philip Costandius is the new MD and winemaker for Oldenburg Vineyards in the Banghoek Valley, outside Stellenbosch. He was previously cellarmaster and chief winemaker at Delheim, Neethlingshof and Lourensford wineries, produced wine under his own label, Solo Wines, and was the chairman of the Cape Winemakers Guild, where he established the Protégé Programme in 2006. Read more >>

Falke adds to Ukusela eKapa ceramic campaign
Deciduous fruit helps Crookes grow profit

Marc Hasenfuss

Issy Zimmerman joins Design Partnership
Commercial Property
Sandton offices standing empty

Joan Muller

The amount of empty office space in Sandton, SA's largest decentralised business hub, has risen to a 10-year high of 14,2%, latest figures from the SA Property Owners Association (Sapoa) show. Read more >>

Cost savings from Octodec-Premium merger

Nick Hedley

Equites to enter JSE's listed property sector

Alistair Anderson

Rockcastle seeks main board listing on JSE

Alistair Anderson

E-commerce
Kalahari.com launches mobile logo
To cater for the increasing number of mobile shoppers, kalahari.com has created a new mobile-friendly logo. More than 40% of its customers shop on their mobile phones and the site expects the number to grow. Read more >>

Amazon launches streaming 'Prime Music' service
NEW YORK, USA: Amazon began offering a streaming music service on Thursday with a catalogue of over one million songs. The US online giant announced "Prime Music" will be offered free and without advertising for customers of Amazon Prime - a subscription service that includes free delivery, access to online movies and books and other advantages. Source: AFP/I-Net Bridge

African startup honoured at The Europas 2014
Founded by AIH with investment from MTN, Millicom and Rocket Internet, online and mobile food ordering platform, foodpanda / Hellofood, won Best E-commerce Startup at The Europas 2014. Read more >>

Exhibitions & Events
Companies invited to partake in Chinese Expo
The Department of Trade and Industry (dti) has invited companies to apply for participation at the South African Expo and Investment Seminars to be held in China, in October. Read more >>

Fashion, Clothing & Textiles
KAP sells footwear interests
Industrial group KAP (KAP) has sold its footwear interests to Bolton Footwear for an undisclosed amount. The transaction forms part of KAP's strategy to focus on strategic industrial assets within emerging markets. The brands will be integrated into Bolton's footwear division. Source: AFP/I-Net Bridge

FMCG
Newest flavour from Stimorol
This winter, Stimorol is launching its new limited edition Berry Party chewing gum [video]. Read more >>

Peppadew pasta sauces add zing
Following on the success of its piquant peppers, Peppadew International has added pasta sauces to its brand name products, which include pickled jalapenos and pickled onions. Read more >>

Strandveld releases its 2010 Syrah
Astral Foods diluted earnings up 308% to 386c
Green Sustainability
Publication of methodology to calculate buildings' total carbon emissions
The ability to calculate the total carbon emitted for a building, known as embodied carbon, across the entire property lifecycle from construction through to demolition, is crucial for carbon accounting. The Royal Institution of Chartered Surveyors (RICS) has published such a methodology. Read more >>

Logistics
SA Taxi's cash pile opens new frontiers
South Africa's largest minibus financier, SA Taxi, is looking for opportunities to expand its minibus lending business into other African countries and could direct R100m to its domestic finance project. Read more >>

Manufacturing
SA April manufacturing production down 1.5%
Manufacturing production fell by 1.5% year-on-year (y/y) in April‚ its first year-on-year decline since September 2013 after increasing by 0.7% y/y in March. This according to data released by Statistics South Africa today, 10 June 2014. Read more >>

Union settles strike but sugar workers won't work

Nce Mkhize

Hundreds of Tongaat Hulett refinery workers in Clairwood‚ Durban‚ refused to return to work, defying the wage agreement signed by the Food and Allied Workers Union (Fawu). Read more >>

Manufacturing confidence remains subdued

Claire Bisseker

Pioneer Foods adjusted earnings up 58% to 353c
Regulatory
Gauteng keeps selling booze on Sundays
Liquor traders will be relieved that the new Gauteng Liquor Act, which replaces the Liquor Act No.2 of 2003, will continue to allow trading on Sundays but the new law will tighten requirements for the granting of licences and will compel traders to sell food if their patrons drink on the premises. Read more >>

Draft Western Cape Liquor Act addresses practical challenges

Linde Steyn

The Draft Western Cape Liquor Amendment Bill was recently published for public comment. The Bill seeks to address a number of practical challenges currently being experienced by the Western Cape Liquor Authority in implementing the principal Western Cape Liquor Act (2008). Read more >>

Retail Marketing
[Biz Takeouts Podcast] 93: Kim Reid, CEO of TakeAlot.com
On the last Biz Takeouts Marketing and Media Radio show we chatted to Kim Reid, CEO of TakeAlot and Reghard Goussard from Best of Breed. [twitterfall] Read more >>

Retailers
2014 car sales may be down 5%

David Furlonger

New-car sales in South Africa are likely to fall at least 5% this year as mounting household debt and shrinking disposable income restrict consumers' access to credit. Read more >>

OK Zimbabwe to refurbish stores
Zimbabwe Stock Exchange-listed retailer OK Zimbabwe is set to invest $16m in its operations and refurbish several existing stores nationwide due to increased competition. Read more >>

Security
Excellerate Property Services enhances security interests
Excellerate Property Services has acquired a strategic interest in Enforce Security Services, which is one of the largest privately owned security services companies in South Africa, with a strong national footprint. Read more >>

Training
MEDO and DTI showcase South African enterprise and supplier development at South Africa House - London

Issued by MEDO

Taking on London this month, MEDO and the Department of Trade and Industry are showcasing their enterprise and supplier development programme - demonstrating on an international platform just how far local entrepreneurship has come. Read more >>


International

Beer allowed to be sold in Brazil's stadiums
RIO DE JANEIRO, BRAZIL: Brazil fought hard when FIFA insisted it overturn its ban on alcohol in stadiums, but the World Cup hosts lost, and with the tournament beer is back Read more >>

Nissan new e-NV200 electric car
YOKOHAMA, JAPAN: Nissan has unveiled its second all-electric vehicle, the e-NV200, the Japanese car manufacturer's latest push into the eco-friendly car sector despite disappointing sales. Read more >>

Global cybercrime worth $445bn
WASHINGTON, USA: Cybercrime has grown into a global industry worth around half a trillion dollars, with no sign of slowing, a research report has claimed. Read more >>

Microsoft releases Halo at E3 extravaganza
LOS ANGELES, USA: Microsoft aimed squarely at hard-core video game players with the release date for "Halo: The Master Chief Collection" and a barrage of other titles for play on its new-generation Xbox One consoles. Read more >>

Second annual global customer service survey: The findings
INDIANAPOLIS, US: Research by global software provider Interactive Intelligence Inc reveal what customers look for in a great service experience. Read more >>

Singapore grapples with smartphone addiction
Phone app for gays linked to disease risk
Tesla patents available to 'open source movement'
Microsoft fights USA court order over overseas data
TweetDeck sinks then floats again
World Cup debut for 'unhackable' goal technology
Twitter's Rowghani quits
SingTel buys mobile advertisers businesses
Bouygues Telecom cuts workforce by nearly 20%
Oliver Stone gets rights to Snowden movie
EU says international companies got 'illegal state aid'
Google buys Skybox Imaging for $500m
Robin Shapiro, EVP/CCO, CAHG: Chairperson - The Global Awards Advisory Board; Executive Jury
Valeant's higher offer rejected by Allergan again
China Mobile buys stake in True Corp
Supercomputer so good it's almost human
Developer portal at TomTom Bridge

More International


Government

Zuma has to spell out government priorities - in detail
Many South Africans' eyes will be on Jacob Zuma this evening as he delivers his first State of the Nation Address in the new Parliament. Read more >>

Tshwane's deal with DBSA for R1.6bn loan
The Development Bank of Southern Africa (DBSA) and the City of Tshwane have signed a R1.6 billion long-term loan facility to support the City's capital expenditure programme. Read more >>

Deal with striking platinum miners reached 'in principle'
Platinum producers have announced that an 'in principle' agreement has been reached in the five-month strike over wages. Read more >>

MPs blame Parliament's food for their obesity

Aphiwe Deklerk

Over-weight MPs say they have had enough of the fattening food they get fed in the National Assembly saying it is the unhealthy food that is to blame for their weight gain. Read more >>

Youth must be the at centre of economic transformation
Three new water management agencies established

Helen Dagut and Ernst Müller

Motorists warned of road closures around Parliament
Hoffmann re-elected to international tribunal
Denying education is child abuse

Lebohang Mhlongo

Satawu to march on SA's civil aviation authority
Implications of increased tax-free threshold

Gavin Stansfield and Abdul Allie

New protocol to help curb forced labour
Contingency plans in place ahead of Satawu march
President assents Employment Services Act

Inez Moosa

Report shows SA's labour law is on par with rest of world
WESSA objects against application to mine near nature reserve
Transnet temporarily lifts Ngqura lockout
SA, US to share tax information
SA developing blue economy strategy
Germany pulling out of SKA disappointing

More Government news


Lifestyle

Go Gondwana

Brian Berkman

If you're used to staying at top-end private game lodges in Kruger's Sabi Sands and paying upwards of R8,000 a night you might be disappointed with Gondwana - a fynbos and big-five reserve in Mossel Bay, in the Cape. Read more >>

Easy, yet flavourful Bangers and Mash

Nina Timm

Sausage and Mash (or Bangers and Mash) is a meal that features quite often in our household, but I try to give it a different twist every time. Read more >>

[10 Things I Love About...] St James on Venice

Brian Berkman

The St James on Venice is a 15-roomed boutique hotel near the Presidential Residence, The Kings House, in Morningside, Durban. Having enjoyed a stay there, I asked Sunet Pringle about the 10 Things She Loves About It. Read more >>

Jaguar claws its way to the top

Henrie Geyser: motoring editor

Temperatures may be plummeting all over the country, but Jaguar F-Type sales are red-hot, having roared and clawed its way to the top of South Africa's prestigious open-top sports car market. Read more >>


Jobs offered

In-Store Sales Consultant - Johannesburg
Volure Hair Boutique is a hair extension and hair product company looking for enthusiastic, ambitious, dynamic, and business minded people who want to work hard and grow with the company. Read more >>

Store Manager - Cape Town
Are you the best store manager in Cape Town or do you know a perfect candidate? Apply yourself or refer someone. R2,000 referral reward! Read more >>

Area/Senior Area Manager - Durban
Are you a strategic thinker with a trader mentality, then this area manager job is for you. Read more >>




New events to diarise

KragDag Expo 2014
KragDag - 26 Jun 2014 to 28 Jun 2014 Pretoria

Best practices for food labelling
Provision Research and Events - 26 Jun 2014 to 27 Jun 2014 Johannesburg

Baby and toddler market day
Babybargainsmarket - 28 Jun 2014 Kempton Park

Fashion and clothing market
Retrovee - 9 Jul 2014 Cape Town

Funama Wedding Exhibition
Funama Productions - 26 Jul 2014 Polokwane (Pietersburg)

Grow your business expo
Funama Productions - 30 Jul 2014 Polokwane (Pietersburg)

Global medical device regulation
GlobalCompliancePanel - 31 Jul 2014 to 1 Aug 2014 Denver, CO

Green Building Convention
GBCSA - 10 Sep 2014 to 12 Sep 2014 Cape Town

3rd European Ports and Shipping Conference 2014
United Market Insight - 18 Sep 2014 to 19 Sep 2014 Amsterdam

Retail Congress Africa 2014
i2i Events - 18 Nov 2014 to 19 Nov 2014 Johannesburg


Upcoming events

Source Africa
Source Africa - 18 Jun 2014 to 20 Jun 2014 Cape Town

Introduction to trading and investments
Regenesys Business School - 21 Jun 2014 Johannesburg


Quotes

Albert Einstein
"Logic will get you from A to B. Imagination will take you everywhere."
Mark Twain
"The secret of getting ahead is getting started."
Robert Hernandez
"It's not about having the skill to do something. It's about having the will, desire and commitment to be your best."
Colin Powell
"There are no secrets to success. It is the result of preparation, hard work, and learning from failure."
Celestine Chua
"If you are not pursuing your passion, then you really have nothing to lose."

More quotes  Submit a Quote

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