Leading fashion and lifestyle retailer TFG shared its strategy to revolutionise the omnichannel experience and transform into Africa's leading high-tech omnichannel retailer. "We are laying the foundations to become the largest, most reliable and most profitable e-commerce destination on the continent; via a simplified, customer-centric approach, aimed at maximising group scale, minimising duplication and cost, and leveraging our incredible assets," shared newly appointed co-chief omni officer Claude Hanan. The announcement came as part of the retailer's 2021 financial year-end presentation.Issued byTFG (The Foschini Group)
Last night, 8 June, The Hospitality Counsel hosted their 3rd annual Luxe Restaurant Awards, celebrating the finest contributions to the South African restaurant industry, at AURUM restaurant within The Leonardo, Africa's tallest skyscraper.
The Shoprite Group honoured its most innovative and reliable suppliers at its annual Supplier Awards this past weekend. Pieter Engelbrecht, CEO of Africa's largest food retailer, said the integrity and efficiency of the Group's supply chain is key to its success.
Supplier of the Year 2019 winners
The Group works with 19,398 suppliers across 15 African countries and 13 other countries to provide customers with products and services. Shoprite’s centralised distribution model also enables smaller women- and black-owned suppliers to enter the formal retail sector through an established route to market.
Some of these suppliers were among the winners at the 2019 Supplier Awards, including SMME owner Leanne Hansmann, who started The Little Cake Company after her husband passed away and she was left with two children to care for.
The Little Cake Company in Glen Anil, Durban, supplies cakes and cupcakes under its own brand and under the Group’s private label convenience brands. All of the company’s employees are women from informal settlements near Glen Anil.
Lesotho-based business MG Commodities was the joint winner in the SMME category. Makatleho Gladys Motsoasele, a serial entrepreneur, started the business in 2008 when as a caterer, she noticed a decline in nutritious food. Today she runs the business with her sons, Katleho (general manager) and Lele (marketing manager).
MG Commodities supplies rice and sugar beans to Shoprite and Usave stores in Lesotho and recently expanded operations to include premises in Ladybrand.
At the awards, Engelbrecht said that the Group’s partnerships with suppliers “are critical to our success and mutually beneficial”, and that “together we contribute significantly to the South African economy and also to other African countries in which we trade.”
“The access to market we give to supplier companies play a major role in their growth and development as well as the sustainability of many small and black-owned businesses,” he continued.
The Shoprite Group's annual Supplier of the Year Awards recognises the company's top suppliers and the valuable contribution they make to the success of the Shoprite Group...
10 Dec 2018
Building an inclusive economy
Shoprite’s partnership with suppliers helps it contribute to growing an inclusive economy. It provides additional opportunities and support for small- and medium-sized enterprises and spent 8.51% of supplier spend on black-owned suppliers and 4.66% on black, woman- owned suppliers in the last financial year.
It has also launched an innovative investment fund in partnership with Empowerment Capital Investment Partners to unlock much-needed growth capital for some of its suppliers.
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.