South African private sector activity expanded at a slower rate in April as power cuts and floods in KwaZulu-Natal province weighed on output and new orders, a survey showed on Thursday, 6 May... 6 May 2022
South African online retailer Takealot has launched its new flagship collection facility in Richmond Park, Cape Town, a culmination of a multifaceted investment that brings together technological innovation and uniquely South African artwork under one roof. 5 May 2022
Source: Getty
According to a new study, 92% of South Africas say that the topic of sustainability is important to them, yet only 58% claim to be living sustainably. These figures come from the 'Conscious Consumption' report released this week by global consumer insights agency InSites Consulting, aimed at assessing consumer sentiment and behaviour regarding sustainability amongst four generations in South Africa. 5 May 2022
H&M has revealed its next local creative partnership, this time launching a print collaboration with South African multi-disciplinary illustration studio Yay Abe, founded by Russell Abrahams. The print collaboration collection will be available at selected H&M stores in South Africa from June 2022. 5 May 2022
Eyewear has gone in and out of fashion a few times. In the beginning, eyewear was seen as prestigious as only the affluent had the means to purchase eyewear, but as it gained popularity, it became common and over time, glasses became intertwined with geek culture which made them look 'uncool'. This hasn't changed the way that those truly fashionable at heart looked at eyewear as large designer brands continued to roll out designs. It wasn't until geek culture became pop culture that glasses were deemed 'cool' again. Now, there are plenty of frames, shapes, sizes, colours, and brands to choose from, ranging from expensive to dirt cheap. 4 May 2022
A recently published paper in Nicotine and Tobacco Research found that the 20-week ban on the sale of cigarettes during the hard lockdown in 2020 greatly disrupted the cigarette market in South Africa. 4 May 2022
Independent mobile payments, insights, loyalty and rewards platform, Zapper, has announced that their merchants will now be able to accept tap-on-phone payments. The new functionality gives them access to virtually all digital payments without the need for any additional point of sale hardware and irrespective of whether consumers have the Zapper app. 4 May 2022
Coca-Cola's estimated $3 billion initial public offering (IPO) for its African bottling unit will likely take place in the third quarter after market turmoil linked to the war in Ukraine upset plans to list earlier, three sources said on Tuesday, 3 May. 3 May 2022
Ardagh Group has confirmed the completion of its acquisition of Consol, Africa's largest glass packaging maker by manufacturing capacity. 3 May 2022
As retailers double down on data science in a quest to understand their customers, they must be mindful not to lose sight of the fact that shoppers are in fact humans, and not numbers. 3 May 2022
Source: Clicks Group
Clicks Group plans to invest R876m into its business for the current financial year. Of this capital investment, R565m will be spent on stores and R311m on IT systems and supply chain infrastructure, including solar installations at all Clicks and United Pharmaceutical Distributors (UPD) distribution centres. 29 Apr 2022
Birame Sock, Kwely founder and CEO. Source: Kwely
Senegal-based wholesale e-commerce startup Kwely has raised an additional $700,000 in its Series Seed from WIC Capital, Loftyinc Capital, Haskè Ventures and other notable investors, completing its $1m round. 29 Apr 2022
Through various campaigns and events, Castle Milk Stout has embraced, celebrated and promoted our African roots, traditions and spirituality by encouraging Africans to reflect and learn more about their origins. This culminated in the brand converting its passion for savouring and celebrating African culture into a partnership with the Congress of Traditional Leaders of South Africa (Contralesa) to establish the inaugural Ancestors Day on 8 May 2021. 28 Apr 2022
Klipdrift - South Africa's iconic brandy, has announced that its content series, Unklipped, is back for a third season, following successful runs in 2019 and 2020. 28 Apr 2022
Retailer Cotton On has committed R500,000, in partnership with Unicef South Africa, to aid victims of the recent KwaZulu-Natal floods, as thousands of people aim to rebuild after losing their homes and livelihoods. 28 Apr 2022
From 1 January 2023, consumer goods giant Unilever will stop marketing food and beverages to children under the age of 16 years old, across both traditional media and social media. The global move comes in response to ongoing scrutiny around the manner in which food producers advertise products high in fat, sugar and salt to young people. 28 Apr 2022
The global economic crisis triggered by the outbreak of the Covid pandemic in 2020 and Russia's invasion of Ukraine in February this year has intensified the risk of declining trade integration between countries. A process referred to as the deglobalisation of trade. 28 Apr 2022
Luxury fashion houses like Louis Vuitton, Balenciaga and Gucci have been raising their prices since the start of the pandemic, with Chanel increasing the price of its handbags four times over the past two years. This year, Louis Vuitton pushed up its prices by between 4% and 18%. 26 Apr 2022
"Are you delivering 10x better, cheaper and faster than your competitors and peers in the same space? Can you radically and exponentially drop your marginal cost of supply? How flexible, agile, scalable, purpose-driven is your organisational structure? Are you a disruptor in your sector?" 26 Apr 2022
Source: Supplied
Finnish dairy giant Valio has completed negotiations around its Russian divestment and will sell its operations in the country to Russian food producer Velkom Group. The transfer will commence immediately. 26 Apr 2022
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