Richemont chairman Johann Rupert. Source: Richemont
The Richemont board has defended its decision to reject the proposals put forward by an activist shareholder, with chairman Johann Rupert saying the board 'will not be blackmailed'. 16 Aug 2022
Pick n Pay has introduced a new supermarket brand, dubbed Pick n Pay QualiSave, to the South African market. The brand has launched with the tagline 'Where lower prices look better' and Pick n Pay revealed that around 40% of company-owned supermarkets will be converted into Pick n Pay QualiSave stores. 15 Aug 2022
In a country where it's cheaper to take a flight to Cape Town than to fill up your petrol tank, Savanna Premium Cider, the most loved cider in the land and the biggest supporter of the local comedy scene, has decided to take comedy to the people instead. So, Savanna's going on tour, a Savanna Comedy Bar Tour, and instead of a barrel full of laughs, it's a bus, full of SA's best comedians, dropping into cities, towns and some really unexpected places all over the country to bring some much deserved laughs because we can all really do with some right now. After all, comedy is a basic human right. It's time to #StandUpForYourComedy. 15 Aug 2022
Michael Borcherds will succeed Mike Metz as CEO of Restonic, the largest fully integrated sleep business in South Africa. 15 Aug 2022
Talc-based Johnson's Baby Powder will be discontinued globally in 2023, as Johnson & Johnson transitions its baby powder portfolio to cornstarch. 15 Aug 2022
In recent years the global secondhand apparel market for clothing and shoes has grown exponentially. In 2002 used clothing exports were worth $1.4bn. Despite a slowdown during the Covid-19 pandemic exports were close to $4bn in 2020. 12 Aug 2022
The food delivery industry has become a lucrative opportunity for major companies in the past decade so it's not surprising that major international brands such as Uber, Tencent, and Alibaba have invested in the food delivery industry in recent years. 12 Aug 2022
Despite a boom in e-commerce during the Covid-19 pandemic, shopping malls in SA remain one of the consumers' main shopping choices. This is according to the CEO of Capital Connect Steven Heilbron. 11 Aug 2022
Food Lover's Market is serious about energy efficiency, investing in solar projects in many of its Distribution Centres (DCs). 11 Aug 2022
Coca-Cola (brand value up 7% to $35.4bnn) is the world's most valuable brand in the non-alcoholic drinks sector, according to the Brand Finance Non-Alcoholic Drinks 25 ranking from brand valuation consultancy, Brand Finance. 11 Aug 2022
Image supplied: Rhino Tears wines have raised just short of R3m in donations to be used in anti-poaching efforts
Rhino Tears wines have raised just short of R3m in donations to be used in anti-poaching efforts since its launch in 2015. 10 Aug 2022
To remain relevant in a high-tech world, your team needs the right business technology. Here's how the modern workplace gets work done through tech, and why you can't be left lagging. 10 Aug 2022
Japan's Kyodo News outlet announced that fashion designer, Issey Miyake, passed on 5 August in a hospital in Tokyo. The designer was best known for pioneering delicate pleats as well as dressing many celebrities, such as Steve Jobs, with his iconic black turtlenecks. 10 Aug 2022
Mister Bread and Star Bakeries brand owner, Premier FMCG, aim to grow and nurture communities through programmes designed to help prepare South Africa's next generation for future success. For the second time, the Yondla Ikamva Holiday Camp was run in Mthatha in July, and for the first time this year, additional camps were hosted in Queenstown and Mdantsane. 10 Aug 2022
Sakina Nosarka, the highly-regarded head of retail for Old Mutual Properties (OMP) and incoming CEO for OMP, has just taken on the additional role of South African Council of Shopping Centres (SACSC) president, working to spearhead innovative solutions that cement the retail landscape as a key contributor to South African society. 8 Aug 2022
The number of 'buy now pay later' (BNPL) users is set to surpass 900 million globally by 2027, increasing from 360 million in 2022, reveals a new study from Juniper Research. 8 Aug 2022
Source: iRobot
Amazon has signed a merger agreement that will see it acquire iRobot, best known for its robotic vacuum Roomba. The e-commerce giant will acquire iRobot for $61 per share in an all-cash transaction valued at approximately $1.7bn, including iRobot's net debt. 8 Aug 2022
The Consumer Protection Act (CPA) empowers the Consumer Goods and Services Ombud (the Ombud) to mediate disputes between consumers and businesses that provide goods and services. The Ombud was established to ensure that businesses treat consumers fairly and equitably. 5 Aug 2022
Many women juggle the role of both worker and matriarch, playing an integral role in society by not only taking on the responsibilities of raising the next generation and being the cornerstone of the family; but also by playing an active part in South Africa's economy. 5 Aug 2022
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