The founder and former CEO of Juhayna Food Industries and his son were released from prison in Egypt on Saturday, 21 January after about two years in detention, in a case that shook the business community as well as Egyptian and foreign investors. 23 Jan 2023
Source: Mr Price Group
Mr Price Group said in its latest trading update that South Africa's GDP recovery prospects have been severely impacted by excessive load shedding, placing strain on both businesses and households, and negatively impacting confidence levels. 23 Jan 2023
Fashion has largely been viewed as a frivolous industry, dominated more by who's wearing what designer at which social event, rather than the powerhouse industry that it is: a major contributor to GDP in many countries. 20 Jan 2023
Value fashion retailer Mr Price reported on Friday, 20 January a 34% surge in third-quarter sales, boosted mostly by its recent acquisition of branded footwear and clothing company Studio 88 Group. 20 Jan 2023
Source: Supplied
Food and beverage giant Danone has committed to slashing methane emissions from its fresh milk supply chain by 30% by 2030. The food giant expects to remove 1.2 million tons of carbon dioxide equivalent of methane emissions by 2030. 20 Jan 2023
Spar Group said on Thursday, 19 January that it agreed with its auditors that a reportable irregularity concerning an alleged fictitious and fraudulent loan had occurred at the grocery retailer. 19 Jan 2023
African online retail has been growing fast in recent years and this trend is forecasted to continue. Digitisation is breaking all borders, opening massive opportunities in developing countries across Africa. 19 Jan 2023
Source: Reuters/Siphiwe Sibeko
Food and fashion retailer Woolworths Holdings Ltd raised its profit growth forecast on Thursday, 18 January saying it now expected half-year earnings to jump as much as 80% on strong Black Friday sales and festive demand. 19 Jan 2023
Stats SA reports that South African retail trade sales increased by 0.4% year-on-year in November 2022. 18 Jan 2023
Source: Reuters
Debt-laden Steinhoff International jumped more than 8% after raising €315.2m ($342m) on Wednesday, 18 January from selling 38 million shares or 6.6% of retail group Pepco via an accelerated book build. 18 Jan 2023
Premium drinks giant Diageo has reached an agreement to acquire Don Papa Rum, a super-premium dark rum from the Philippines. The upfront consideration is €260m with a further potential consideration of up to €177.5m through to 2028 subject to performance. 18 Jan 2023
Spar Group has announced that its chief executive officer Brett Botten will retire from the company and the board at the end of January this year. 18 Jan 2023
Home appliances maker Whirlpool is folding its European business into a new company controlled by Turkish rival Arcelik, reducing its exposure to a market where it had warned attractive profit margins could be some way off. 17 Jan 2023
The death of the English fashion designer Dame Vivienne Westwood at the age of 81 on 29 December 2022, has not only moved the fashion industry, but the world. Through her designs and her activism, Westwood had a profound impact on fashion and culture. 17 Jan 2023
Global insights agency Verve uncovers the state of South African's wellbeing with the launch of 'Culture & Trends Mzansi Review 2023 - The state of the nation's wellbeing'. 17 Jan 2023
Is all this talk of artificial intelligence, drones and robots worrying you? Maybe you're convinced your kids will soon be moving to the metaverse with Mark Zuckerberg and you're wondering if you'll ever see them again. 17 Jan 2023
Hunter's Premium Cider, best known for refreshing youth culture, announces Blxckie, aka Somnyama, as the new ambassador for the brand. The Durban-born and raised rapper has been dominating the music scene since 2020 and was recently named the hottest MC of the year in 2022. He is currently one of the most awarded artists in South Africa, making him one of the most sought-after artists in the entertainment industry. 17 Jan 2023
The South African arm of British American Tobacco (BAT) is looking to restructure the business, a process that may affect about 200 jobs, following a further decline in its cigarette sales in the country, it said on Monday, 16 January. 16 Jan 2023
Global market research firm Euromonitor International has released its 'Top 10 Global Consumer Trends 2023' report, which aims to help organisations stay ahead of disruption, predict consumer shopping motivations and fulfill unmet consumer needs. 16 Jan 2023
Consumer goods giant Procter & Gamble (P&G) has agreed to acquire US-based Mielle Organics, a popular textured haircare brand rooted in natural ingredients. 16 Jan 2023
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