The Retail community of Mozambique

Beer sales keep SABMiller's profits flowing

Fri, 24 May 2013 07:51:00 +0200

Prospering from emerging markets such as Africa‚ SABMiller on Thursday (23 May) reported a 10% increase in group revenue to US$34.5bn for the year to March.
Read more... | Send to a friend

Hilton plans to boost African presence

Thu, 16 May 2013 08:38:00 +0200

Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten.
Read more... | Send to a friend

Time to unlock Africa's travel potential

Tue, 14 May 2013 11:56:00 +0200

The South African Tourism Indaba should expand its platform by attracting even more exhibitors and buyers from the African continent, Tourism Minister Marthinus Van Schalkwyk said on Sunday (12 May).
Read more... | Send to a friend

Transnet on the hunt for foreign contracts

Mon, 06 May 2013 07:41:00 +0200

Transnet Engineering (TE), a unit of the state-owned freight and logistics company, is exploring new narrow-gauge markets in Latin America, South-east Asia and Australia in a bid to meet its growth targets, according to strategy and marketing general manager Thoba Majoka.
Read more... | Send to a friend

Sharp drop in Pick n Pay's earnings

Wed, 24 Apr 2013 06:48:00 +0200

Pick n Pay has reported a 21.7% drop in diluted headline earnings per share to 109.61c despite a 7.1% rise in turnover to R59.3bn. Dividends fell by 35.8% to just 84 cents a share.
Read more... | Send to a friend

Agriculture offers real growth potential

Mon, 22 Apr 2013 13:24:00 +0200

Although structural impediments such as poor logistics render the search for new avenues of deeper intra-African trade challenging‚ there is an immediate and compelling growth potential in the trade of agricultural products‚ Standard Bank research analyst Simon Freemantle said last week.
Read more... | Send to a friend

IMF forecasts 'solid growth' for Africa

Wed, 17 Apr 2013 09:47:00 +0200

Economies in sub-Saharan Africa will ride out the bumpy global recovery in the next few years to post growth rates not seen outside Asia, the IMF said in its latest economic forecasts Tuesday (16 April).
Read more... | Send to a friend

Van Zyl to head Toyota's Africa drive

Tue, 09 Apr 2013 10:56:00 +0200

A global management shakeup at Toyota Motor Corporation has hit African shores, with local Toyota chief Johan van Zyl called in to head the new position of chief executive of Toyota's operations across Africa
Read more... | Send to a friend

Africa needs economic integration

Wed, 27 Mar 2013 09:40:00 +0200

African countries must integrate their economies in order to support a new wave of industrial development across the continent‚ Department of Trade and Industry Minister Rob Davies said Tuesday (26 March).
Read more... | Send to a friend

Norton Rose tells insurers to tread carefully in Africa

Wed, 20 Mar 2013 09:25:00 +0200

Global legal practice Norton Rose has advised South African insurers expanding into other African countries to look beyond the sector-specific regulatory requirements in the jurisdictions they are entering as failure to do so could undermine their investments.
Read more... | Send to a friend