MADRID - Zara-owner Inditex posted a rise in first-half profits Wednesday thanks to what analysts said was a well-honed business model allowing the Spanish group to beat rivals in whisking new trends to the shopfloor. 22 Sep 2016
Deputy President Cyril Ramaphosa is poised to dispose of food company McDonald’s SA so that there is no conflict of interest with his position in the government.
Picture: Siyasanga Mbambani
Deputy President Cyril Ramaphosa was poised to sell fast-food company McDonald's SA to MSA Holdings, a McDonald's subsidiary operating in the Middle East, should the transaction be completed successfully, McDonald's SA CE Greg Solomon said on Tuesday. 22 Sep 2016
Choppies Enterprises - the leading supermarket grocery retailer in Botswana - continued with its expansion strategy into the rest of Africa in the year to end-June, but the moves into new territories came with a more than 50% cost to the company's earnings. 22 Sep 2016
Bain Capital will hand over ownership of the Edcon group to its creditors and walk away with nothing after its R25bn investment into the company nine years ago. 22 Sep 2016
Central Square at Menlyn Maine opened today in Tshwane, introducing some of SA's most environmentally-friendly, customer-friendly and innovative shopping experiences. 21 Sep 2016
The Anheuser-Busch InBev (AB InBev) takeover of SABMiller may not prove to be as big a bounty for the taxman as initially thought, if South African-based retail investors opt to use Section 42 of the Income Tax Act to delay paying Capital Gains Tax (CGT) on their profits from the £45-a-share offer. 21 Sep 2016
Ten years since inception, PriceCheck has seen e-commerce gain momentum from a place to peddle consumer electronics to vast online storefronts, fueled by a combination of technology development, digitally savvy consumers and competition amongst both new and established retailers. 21 Sep 2016
South African Scotch whisky imports decreased 9% during the first half of 2016 to 18.7m bottles but SA moved one spot higher to being the seventh-largest export market for the product, according to the Scotch Whisky Association. 21 Sep 2016
Edcon has proposed a R14.4bn overhaul of its capital structure, to cede control of the clothing and footwear retailer's holding company to two other companies majority held by its creditors. 21 Sep 2016
The reopened MCEP, a programme to improve competitiveness in manufacturing industries, will now accommodate black industrialists in need of start-up capital.
Picture: Financial Mail
The manufacturing competitiveness enhancement programme (MCEP) was partially reopened on Monday, after a year-long suspension, to accommodate black industrialists in need of start-up funding. 21 Sep 2016
BRUSSELS - The European Union on Monday opened a probe into Poland's new tax on supermarkets, risking to worsen a row with conservative-led Warsaw. 20 Sep 2016
THE HAGUE - Dutch food and cosmetics giant Unilever said on Monday it was acquiring eco-conscious US cleaning products group Seventh Generation, expanding its range of environmentally friendly brands. 20 Sep 2016
All Gold recently added two new additions to its range of sauces, namely Hot & Spicy Tomato Sauce, one of the only flavoured tomato sauces currently on South African shelves, and Light Tomato Sauce, which is Weigh-Less approved. Both are preservative, colourant and thickener free. 20 Sep 2016
Eight thousand origami butterflies were unexpectedly released from a skyscraper above a crowd of cosmopolitan city dwellers on Saturday, 17 September at the official launch of Strongbow Apple Ciders in South Africa at the Neighbourhoods Market in Braamfontein. 20 Sep 2016
After snapping up L'Avenir and Le Bonheur in Stellenbosch, French wine giant AdVini has bought 50% of Forrester Vineyards, aiming to double its sales in the next few years. 20 Sep 2016
South African e-commerce store Yuppiechef has commented on its trademark battle with Yuppie Gadgets, another SA online establishment. Memeburn reached out to Yuppiechef for its side of the story, which saw CEO and co-founder Andrew Smith responding. 20 Sep 2016
Douglas Green has introduced its first authentic Spanish Sherry range comprising a Pale Cream, Medium Dry and Cream Sherry, each produced and bottled in Spain and fully imported for sale at selected outlets throughout South Africa under the Douglas Green brand. 20 Sep 2016
Fournews has acquired a significant share in the Calistos Portuguese Restaurant and Senhor Calistos fast food outlets. 19 Sep 2016
Wazupa is a new app that connects 'home chefs' to 'grazers' and creates a convenient location-based marketplace where you can collect your meal, or have it delivered for a fee. 19 Sep 2016
Globally, consumers see 100% juice as healthy, natural and tasty, according to the Tetra Pak Index, and the shift to all natural juice products is most pronounced in several emerging markets, including Africa. Notably, not from concentrate (NFC) is gaining share from reconstituted, despite its higher price point, reflecting the trend for natural, less processed products, as well as a general trend for premiumisation. 19 Sep 2016
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