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Truworths CEO Michael Mark. Image credit: Ruvan Boshoff via Business Live
Truworths CEO Michael Mark. Image credit: Ruvan Boshoff via Business Live
Truworths' share price jumped almost 5% by the close of the JSE on Thursday despite the retailer reporting a contraction in earnings and little growth in full-year profit. 21 Aug 2017
SA e-commerce startup SnapnSave raises $1m
South African online shopping community SnapnSave has raised ZAR14 million (US$1 million) from Kalon Venture Partners and Smollan Group to help it grow its app downloads and expand into new markets. 18 Aug 2017
Gourmet can't beef up Famous Brands
Famous Brands has joined the ranks of local restaurateurs buckling under the weight of global names. 18 Aug 2017
#FreshConnections: The realities of trading in Africa
It's often agreed that the trickiest part of the supply chain is not the sourcing, but getting the product to the consumer. And if you're planning to extend your supply network into a Third World continent like Africa, you should know that logistical issues tend to rise in complexity. 18 Aug 2017
R10m investment in digital printing to revive local textile industry
The arrival of digital textile printing in Cape Town can revive the local clothing and textile manufacturing industry and salvage some of the job opportunities lost to China. Craig Whyte, CEO of digital printing specialists ArtLab, has invested close to R10-million in new printing equipment over the past few years to bring digital textile printing to South Africa. 18 Aug 2017
Retail sales grow more than expected in June
June's retail sales grew 2.9% from the same month in 2016, taking its growth for the second quarter to 2.2%, Statistics SA reported on Wednesday. 18 Aug 2017
Strictly business, but personal
©Dzianis Apolka via 123RF
In the movie, The Godfather, Michael Corleone, as played by Al Pacino, utters the immortal line to his on-screen brother, “It's not personal, Sonny, it's strictly business.” For a long time, this has been the strategy of companies seeking to stay competitive. Recent years have seen this maxim turned on its head; to be successful, your company should be spreading the news that “it's not just business; it's personal." 17 Aug 2017
Contaminated eggs show continuing problems with supply chain
Another food scandal: this time eggs used for making sandwiches and other processed products that contain traces of an insecticide called fipronil. Fipronil is banned in human food production because it can be harmful to human health if ingested in sufficiently large quantities. 17 Aug 2017
Amendment to Liquor Products Act widely welcomed
©Lernestorod via Pixabay
The Liquor Products Amendment Bill has been widely welcomed by alcohol industry players who say it will go a long way to curbing illicit trade. 17 Aug 2017
Bain's takes gold at 2017 World Whisky Masters
Bain's Cape Mountain Whisky, South Africa's first single grain whisky, was awarded gold by the panel of judges at the 2017 World Whisky Masters, held by the Spirits Business Magazine in the UK. 17 Aug 2017
Clothing retail sector hits the skids
SA's clothing retail sector is hanging by a thread after nearly a decade's strong performance. Factors such as unemployment, credit, competition and saturation in the market are likely to make it nearly impossible for the sector to grow the way it did in its glory days. 17 Aug 2017
#FreshOnTheShelf: Gin-based popsicles launch in spring
JML Consulting, which created Pierre Jourdan Wine Popsicles (PJ Pops) in 2016, will launch two gin & tonic popsicles - a G&T Classic and G&T Berry - in September this year. 16 Aug 2017
DreamWave audio products now available in SA
Musical Distributors has been selected as the exclusive South African partners for award-winning audio brand DreamWave. Its range of portable Bluetooth audio products will be available in South Africa from August 2017 on Takealot and other leading retailers. 16 Aug 2017
Combatting food theft
©Volodymyr Goinyk via 123RF
In the food industry, the opportunities for theft are many, whether they involve giving away food and drinks without getting authorisation, taking food home or consuming food on the premises. 16 Aug 2017
Fasa collaborates to effect transformation in franchise sector
©rawpixel via 123RF
Over the past few years, Franchise Association of South Africa (Fasa) members have worked closely with government to effect transformation in the sector, with several initiatives to stimulate entrepreneurship, skills transfer and job creation. 16 Aug 2017
(L-R) Joana Filipe Simplício, legal consultant; Silvia Fernandes, head of department (Chefe de departamento in Portuguese), UTIP; Martin Bachmann, group head active management, Quantum Global Group.
(L-R) Joana Filipe Simplício, legal consultant; Silvia Fernandes, head of department (Chefe de departamento in Portuguese), UTIP; Martin Bachmann, group head active management, Quantum Global Group.
LUANDA, Angola - A new Angolan beverage plant has been approved for development. Grupo Sun Ocean Lda is a project in Angola's beverage sector with capacity to produce, package and distribute juice, water and wine with significant capacity to contribute to positive economic and social impacts in Angola. 15 Aug 2017
Constantia Village welcomes Deluxe Laser
A brand new Deluxe Laser branch has opened its doors in The Constantia Village shopping centre in Cape Town. The spa's trained therapists perform a range of skin and body treatments targeted at men and women that are non-invasive and virtually painless. 15 Aug 2017
The Clothing Bank exhibition features women leading the journey out of poverty
Since 2010 The Clothing Bank has been using excess stock donated by South Africa's largest clothing retailers and manufacturers to transform the lives of unemployed mothers trapped in a cycle of poverty. The donated clothing is used to provide these women with income-generating opportunities, and the two-year programme is backed-up with intensive personal support along with personal finance, computer, and business training. 15 Aug 2017
- NielsenIQ
Converting browsers into buyers: the number one challenge for retailers and manufacturers in SA
The South African non-food retail market is under growing pressure. Manufacturers and retailers face significant declines in sales volume and value as their markets mature, as the weakness of rand diminishes spending power and as a difficult economy erodes consumer confidence. 15 Aug 2017
WeChat teams up with UCook
Since WeChat's move into South Africa in 2013, the messaging app has partnered with companies such as OrderIn, Picup and FitKey, and has now announced the addition of UCook, a Cape Town-based e-food delivery service. 15 Aug 2017
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