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Amazon's Jeff Bezos becomes world's richest person
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
Beer sales and tax revision add fizz to AB InBev
A lower tax charge, better than expected cost savings on the SABMiller acquisition and a 10.8% volume increase in South African beer sales in the three months to the end of June helped Anheuser Busch InBev (AB InBev) beat earnings' expectations for the period. 28 Jul 2017
Nike designs shoebox made out of recycled milk containers and coffee lids
Nike partnered with Taiwanese architect and engineer Arthur Huang to design "sustainable and responsible" Air Max packaging. 28 Jul 2017
Flavoured milk loses zest
BMi Research's report on the flavoured milk category in 2016, indicate that it did not perform at the same level as 2015 and the volumes declined by 5.2%. 28 Jul 2017
Major Canadian investment into AGT Food and Ingredients
©Aurelio Wieser via 123RF
Fairfax Financial, a financial holding company based in Toronto, Canada will make an investment of Canadian $190 million (just under R2 billion) into AGT Food and Ingredients, in exchange for the issuance by AGT of 5.375% interest bearing securities and common share purchase warrants. 28 Jul 2017
Primi shakes up breakfast
The majority of restaurant breakfast menus don't excite me. I blame too many encounters with plates dressed with cheap toast, overdone eggs and two measly rashers of bacon devoid of any noticeable crisp. Even the quintessential breakfast star, Eggs Benedict, has grown a bit tired. 28 Jul 2017
sipa via
sipa via Pixabay
British American Tobacco (BAT) complained of "the growth in illicit trade" causing its South African cigarette sales and profits to decline. 28 Jul 2017
SA's KWV scoops 2017 Worldwide Brandy Trophy
Paarl-based KWV has been awarded the Worldwide Trophy and numerous Gold Awards for its brandies in two separate global wine and spirits competitions this week. 27 Jul 2017
Digitalisation pushing boundaries of manufacturing
Digital transformation, as we've come to realise, means something different in every industry. In manufacturing, the term can be broad-reaching, encompassing everything from automation and robotics, to fully-fledged ‘smart factories', all the way to the reinvention of the entire sector - captured in the ‘Industry 4.0' concept. 27 Jul 2017
Amazon pushes into SE Asia with Singapore launch
SINGAPORE - Amazon launched its express delivery service in Singapore on Thursday, the US online retail giant's first foray into Southeast Asia and a move that puts it in direct competition with China's Alibaba. 27 Jul 2017
Gig economy businesses like Uber and Airtasker need to evolve to survive
©Georgii Dolgykh via 123RF
The honeymoon is over for the gig economy. The loose collection of online platform companies - from Airtasker to Uber and Deliveroo - has long trumpeted its difference from the business norm, but is starting to lose its shine. Now these companies must own up to the limits of their business model. 27 Jul 2017
Vanity rules in tough economy
©lightpoet via 123RF
South Africans are not counting cents when it comes to scents. Market research from EuroMonitor showed that deodorant is considered an essential item, largely because the country is hot and humid. 27 Jul 2017
Image credit: Alon Skuy via Times Live
Image credit: Alon Skuy via Times Live
People are deserting retail stores' butchery aisles, cutting out the middleman and turning to buying meat in bulk. Seemingly, it is proving to be a great saving. 26 Jul 2017
Could 'buy online pickup in store' uplift brick-and-mortar retail?
The third annual JDA Consumer Survey, of more than 1 000 US consumers conducted by JDA Software Group, reveals that about 54% of respondents prefer to shop in-store to other channels, such as online, mobile and social media. 26 Jul 2017
Olakira founder and former Shell SA managing director Tanya Kabalin.
Olakira founder and former Shell SA managing director Tanya Kabalin.
SAPICS, a knowledge-based association for the supply chain community across Africa will be hosting its regional conferences, a compact and more intimate version of the SAPICS Annual Conference, in Sandton on 5 September, Durban on 6 September and Somerset West on 8 September 2017. 26 Jul 2017
South African designers take on Pure London
Fifteen South African fashion designers have shown off their style this week at Pure London, one of the UK's most prestigious fashion trade events where over 700 brands were expected to exhibit their work. 26 Jul 2017
Spur CE Pierre van Tonder. Image credit: Financial Mail
Spur CE Pierre van Tonder. Image credit: Financial Mail
Restaurant franchiser Spur Corporation reported a marginal increase in sales for the year to 30 June, despite an incident at one of its Spur Steak Ranches that led to a national boycott of the eateries. 26 Jul 2017
WallpaperStore to pop up in Cape Town
Curated interior and lifestyle design marketplace WallpaperStore will be popping up in Cape Town in mid-September at the V&A Waterfront's Silo District, just in time for the opening of the Zeitz Museum of Contemporary Art Africa. 25 Jul 2017
Rising cost of health care fuels self-medication
During the flu and allergy seasons, consumers turn to self-medication to build up their immune systems, preferring anti-flu tablets, cough medicines and antihistamines to avoid expensive doctor's visits. 25 Jul 2017
Michael Kors buys Jimmy Choo for £900m
LONDON, UK - US fashion brand Michael Kors on Tuesday agreed to buy British shoemaker to the stars Jimmy Choo for almost £900 million ($1.2 billion). 25 Jul 2017
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