Italtile and its shareholders will know by 30 September whether a planned acquisition of Ceramic, for a consideration of R3.61bn, will get the go-ahead from competition authorities. 3 Aug 2017
LONDON, UK - British American Tobacco is being investigated for possible fraud regarding company activities in Africa, it announced on Tuesday. 3 Aug 2017
Image credit: Alaister Russell via Times Live
People are going mad for loyalty programmes whose cash-back and discount benefits are helping reduce the sting of hard times. 2 Aug 2017
At the International Wine and Spirits Competition in London, South African brandies won 27 medals and the trophy for Worldwide Best Brandy went to for KWV for its 15 Year Old potstill brandy. 2 Aug 2017
Profumi D'Italia Marketing, a family-owned company that sources and selects fine Italian products for import into the South African market, has announced the arrival of the premium Italian Biostilla Organic Gin in South Africa. 2 Aug 2017
For the first time in five years, the Small Domestic Appliance (SDA) sales in South Africa declined 17% to $228 million (about R3 billion) in 2016, with kettles and irons accounting for 43% of market value. 2 Aug 2017
Retailer TFG said on Tuesday it had raised R2.5bn through an accelerated bookbuild process. The funds raised will go towards the recent acquisition of Australia-based Retail Apparel Group (RAG). 2 Aug 2017
“Let's scrub out that tan” is a common refrain in beauty parlours in India, where girls grow up with constant reminders that only fair skin is beautiful. From Sunday classified ads touting the marriageability of an “MBA graduate. 5-½ ft. English medium. Fair complexion” to elderly aunties advising young women to apply saffron paste to “maintain your skin whiter and smoother”, the signs are everywhere. Even sentiments like, “She got lucky he married her despite her [dark] complexion” are still whispered around India in 2017. 1 Aug 2017
With the global bakery and confectionery market predicted to reach €436 billion and €203 billion respectively by 2020, the specialist packaging industry is gearing up to provide machinery that is efficient and effective for its customers. 1 Aug 2017
According to a recent study conducted by Mastercard, over 50% of the South African population still transact using cash on a daily basis. This is despite the number of banked adults rising to 77% in 2015. 1 Aug 2017
Cape Cola is running a crowdfunding campaign to raise enough money to expand its locally-sourced, ethically-produced cola soft drink business operations. 1 Aug 2017
ABUJA, Nigeria - Continental Free Trade Area negotiations are expected to conclude at the end of 2017 with a firm policy in place to benefit all countries in Africa and reduce poverty. 1 Aug 2017
More than R200bn was wiped off the value of British American Tobacco (BAT) shares at one point on Friday after US regulators signalled their plan to cut nicotine in cigarettes to non-addictive levels. 1 Aug 2017
L-R: Enda Kwinga, HR; Grant Brooke, CEO; Kikonde Mwatela, COO; Caine Wanjau, CTO; Mahia-John Mahiaini, CFO.
NAIROBI, Kenya - Twiga Foods, the Kenyan business-to-business food supply platform, has raised $10.3m in Series A Investment Round. Twiga is the largest distributor of several basic food staples in Kenya, having sold more than 55 million bananas alone, delivering more than 4,000 orders a week. 1 Aug 2017
Ellies CEO Wayne Samson. Image credit: Russell Roberts via Business Day
The 2017 financial year was "one of the toughest if not the toughest" in the history of Ellies Holdings, according to CEO Wayne Samson. 1 Aug 2017
Image credit: Kevin Sutherland via Business Day
Pick n Pay's share price fell 3.4% to R59.26 on Monday morning after it warned shareholders retrenchment costs would drag down its interim headline earnings per share (HEPS) down by more than 20%. 31 Jul 2017
Functional food brand Futurelife began in 2007 as a social project to help improve the lives of malnourished and disadvantaged people in sub-Saharan Africa. Its research team of doctors and nutritionists developed a scientifically formulated, balanced, nutrient dense food, which contained Moducare, a daily immune supplement under license from Aspen Pharmacare. 31 Jul 2017
South African payments startup Yoco is to launch in test markets in East and West Africa by the end of next year on the back of strong growth at home and a Series A funding round. 31 Jul 2017
Diageo SA is the local arm of the global alcoholic beverages giant behind premium brands like Johnnie Walker, Smirnoff, J&B, Bell's and Captain Morgan. According to its acting corporate relations manager Zanele Njapha, the company sees itself as having a responsibility to ensure that its people, its suppliers, the communities around its operations, its customers and consumers, and society at large all thrive as a result of the business. 31 Jul 2017
NEW YORK - Amazon founder Jeff Bezos on Thursday became the world's richest person, as a jump in the share price of the US tech giant enabled him to overtake Microsoft founder Bill Gates, Forbes magazine estimated. 31 Jul 2017
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