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Retail News

Daniel Jacobs, associate director internal audit at Mazars.
Daniel Jacobs, associate director internal audit at Mazars.
According to a recent survey conducted by Mazars during June 2016, across 120 respondents, many retail organisations lack a clear understanding of the purpose of the internal audit function. 22 Jul 2016
Margarine maker settles with watchdog over collusion with Unilever
© Rene van den Berg – 123RF.com
Margarine and cooking oil maker Sime Darby Hudson Knight agreed to pay a R35m fine for colluding with Unilever, the Competition Commission said on Thursday. 22 Jul 2016
Sime Darby Hudson Knight signs consent agreement over collusive conduct
© Klaus Hoffmann – 123RF.com
The Competition Tribunal on Wednesday said the Competition Commission had signed a consent agreement with edible fats and oil refinery producer Sime Darby Hudson Knight over collusive conduct. 21 Jul 2016
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Pick n Pay's annual general meeting (AGM) next week looks certain to be another humdinger as smaller shareholders vent their opposition to the proposed restructuring of the Ackerman family's control. 21 Jul 2016
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Investors jostled to get hold of Shoprite shares on Wednesday, boosting the market value of Africa's biggest grocery retailer R10bn, making it the top performer on the JSE on the day. 21 Jul 2016
Nestle's pet food unit to merge with owner of Bob Martin
© radub85 – 123RF.com
The Competition Commission on Wednesday approved a merger between Nestle SA's pet food business and the company that owns Bob Martin, which makes snacks and treats for dogs. 21 Jul 2016
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Magneto is a massively-popular open-source e-commerce software suite we've covered extensively here on Ventureburn. And while many may know what it is and how to get the best out of it, there are always a few more things we can learn (that's true about most things, in fact). 20 Jul 2016
South African retailers fall short on social media
When it comes to retail service, every South African knows that sometimes this can leave a lot to be desired. There are few better ways to gauge just how serious a company is about engaging its customers on service-related issues than by checking out its social media accounts. 20 Jul 2016
Mobile customers demand convenience when browsing, paying
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Research, undertaken by PayU, an online eCommerce payment gateway in South Africa, has shown there are higher conversion rates at checkout when there are less friction points and that the most frequent online shoppers are purchasing through mobile. 20 Jul 2016
Mixed fortunes for large retailers
It is a mixed bag for South African retailers, as Massmart and Shoprite's trading updates shine a spotlight on the market, which has been marred by slow sales growth amid weak consumer spend. 20 Jul 2016
Win the build of an online store for your business with Emerce Commerce
Leading omni-channel and online retail specialists, Emerce Commerce has launched a competition in which one business will win the build of an online store, an opportunity for any SME selling physical products to take their business to the next level. 19 Jul 2016
Thabo “Summary” Kgaphola
Thabo “Summary” Kgaphola
Savanna Premium Cider has announced the names of the five nominees for the 2016 Savanna Newcomer Award. A platform for new and undiscovered talent, the annual Savanna Newcomer Showcase helps newbie comics gain exposure amongst new and larger audiences, as a kick-start to their comedy careers. 19 Jul 2016
- Tradeway
Short term sales spaces
Pop goes the world

You never know where your brand could pop up next! Short-term, temporary retail leases - or pop-up shops to you and me - have grown 16% annually since 2009 according to a recent Specialty Retail Report and is a thriving $8bn industry in the United States. Even online gig brands like Amazon and Google have experimented with pop-up shops to promote new products. 19 Jul 2016
Nathaniel Masiza
Nathaniel Masiza
Woolworths recently hosted its annual 'Inside Retail' programme, targeting 32 technical vocational education and training colleges in Cape Town through a week-long, embedded course aimed at providing practical experience and knowledge of the retail value chain in South Africa. 19 Jul 2016
Sugar tax paper set to stir up sticky debate
Now that the Treasury has published for comment its policy paper on the tax of sugar-sweetened beverages, a debate about the sugar tax proposal can begin in earnest. And once the industry and its critics start crunching numbers and probing the consequences, intended and unintended, it could become a hot debate. 19 Jul 2016
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Truworths has not changed credit-approval criteria at its stores, even as cash sales have accelerated noticeably for the year to June 2016. New acquisitions added to the momentum, more than doubling cash sales. 19 Jul 2016
Bernie Brookes.
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Bernie Brookes. Picture: BDlive
Edcon announced on Monday that it was bidding farewell to some members of its executive management team and introducing new ones amid a restructuring of the retailer's operations. 19 Jul 2016
Photographer: Adam Letch
Photographer: Adam Letch
Business of Design is really for everyone from retailers and trend analysts to marketing and brand executives, and other industry entrepreneurs; even people from law and financial backgrounds... 18 Jul 2016
Parents prefer trusted brands for school supplies
© radub85 – 123RF.com
Books, pens, uniforms and miscellaneous - harried parents throughout SA have forked out thousands of rand in the run-up to the third term of the government school year, which kicks off on Monday. 18 Jul 2016
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Truworths reported double-digit sales growth for the year to end-June, boosted by the acquisitions of the Office Group, Earthchild and Naartjie. 18 Jul 2016
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