The Retail community of Southern Africa

Global consumer confidence increases 1 point in Q4 2011

Wed, 08 Feb 2012 12:14:00 +0200

NEW YORK, US: Global consumer confidence increased one index point last quarter to 89, while Europe led confidence declines in 24 of the region's 27 measured markets, according to fourth quarter 2011 global consumer confidence findings from Nielsen, a leading global provider of information and insights into what consumers watch and buy.
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Cross-border telephone remittances increase in Africa

Tue, 24 Jan 2012 11:28:00 +0200

More people in Africa's poorest countries have mobile phones than have bank accounts. That reality is spurring mobile service companies to explore how they can capture a share of the potential banking market by enabling migrants from these countries to transfer funds back home to their families.
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Retail rewind - a year in review 2011

Fri, 06 Jan 2012 08:19:00 +0200

The approval of the Wal-Mart/Massmart deal will go down as the highlight of the retail sector in 2011.
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Tablets, e-readers closing book on ink-and-paper era

Thu, 29 Dec 2011 09:03:00 +0200

SAN FRANCISCO, US: Tablet computers and electronic readers promise to close the book on the ink-and-paper era as they transform the way people browse magazines, check news, or lose themselves in novels.
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Pick n Pay increases shareholding in TM Supermarkets

Mon, 12 Dec 2011 10:53:00 +0200

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.
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TNM, EMS partnership provides BlackBerry service

Mon, 12 Dec 2011 09:21:00 +0200

Malawi's mobile phone service provider, Telekom Networks Malawi (TNM) has partnered with Emitac Mobile Solutions (EMS) to provide BlackBerry services to subscribers in Malawi.
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Revive IMF program or no assistance, donors tell Malawi

Thu, 08 Dec 2011 13:33:00 +0200

Malawi's donors under the Common Approach to Budget Support (CABS) have asked the country to revive its International Monetary Fund (IMF) program or forget their financial assistance.
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Thebe Tourism Group signs shareholder agreement

Tue, 06 Dec 2011 11:52:00 +0200

The South African tourism group, Thebe Tourism Group have announced the signing of a shareholders' agreement between its subsidiary FX Africa and global foreign exchange providers Travelex. FX Africa has operated a Travelex Retail Foreign Exchange Travelex franchise in Southern Africa for over four years.
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Standard Bank wins Bank of the Year in Africa

Thu, 01 Dec 2011 16:01:00 +0200

The Banker, a leading journal of the global banking industry, has named Standard Bank as the 2011 Bank of the Year in Africa and Best Bank in Botswana, Lesotho, Malawi and Zimbabwe.
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Central Bank governor clash with investor

Thu, 01 Dec 2011 14:49:00 +0200

Reserve Bank of Malawi (RBM) governor, Dr Perks Ligoya clashed with Paladin Africa Limited, a company that mines Uranium at Kayelekera in the country's northern district of Karonga.
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