Mpact Recycling, the collection arm of one of the leading recycling companies in South Africa, Mpact Group, is proud to announce the release of its exceptional 2022 figures. 1 Jun 2023
Source: Reuters/Sumaya Hisham
Steinhoff International said on Thursday, 1 June that it has sought approval from a Dutch court for a debt restructuring plan aimed at saving the South African retailer from bankruptcy. The plan was approved this week by all of its creditors but was rejected by its shareholders. 1 Jun 2023
Nike, Inc. has appointed Jared Carver as the new chief executive officer and president of Converse, effective 1 June. 1 Jun 2023
The illicit trade is one of the biggest threats to stability and economic growth in South Africa, and the scope and depth of the illicit economy poses a significant risk to the health and well being of South African citizens. 31 May 2023
Recently Jockey generously donated 20 sewing machines and 23 boxes of fabric to the Siphilisiwe Foundation, a non-profit organisation dedicated to uplifting communities through skills development and empowerment. 31 May 2023
Busari Kasali once lived with the fear that his cassava - a staple crop in his native Nigeria - would spoil before it got to market. Today, the 76-year-old says his main concern is keeping up with growing demand from consumer goods giant Unilever. 31 May 2023
Source: Reuters/Sumaya Hisham
Pepkor Holdings Ltd said on Tuesday, 30 May that it would add 71 stores by the end of the year, bringing the total to 6,000 as it seeks to build market-share even as the country's power crisis burdens both retailers and consumers. 31 May 2023
Source: Reuters/James Oatway
South Africa's biggest food producer Tiger Brands said on Tuesday, 30 May, that its annual income might drop as it expected a significant rise in costs because of increased load shedding in the coming winter months, sending shares down 15% in early trade. 30 May 2023
Source: Reuters/Sumaya Hisham
Pep and Ackermans owner Pepkor Holdings Ltd posted an 11.7% drop in half-yearly earnings on Tuesday, 30 May, as customers prioritised spending on necessities amid a difficult working environment due to rolling blackouts and high inflation. 30 May 2023
PepsiCo South Africa, through its subsidiary Pioneer Foods, is set to acquire the remaining 50% stake in Futurelife Health products following the initial 50% acquired in 2015. 30 May 2023
Redefining success in a diverse alcoholic beverage market demands innovation. 29 May 2023
South Africa's top-rated dairy products were recognised at the 190th edition of the SA Dairy Championships, the biggest and oldest dairy competition in Africa. 29 May 2023
Coca-Cola Beverages South Africa (CCBSA) is preparing to launch its 2L returnable bottle, also known as refillable PET or RefPET, in KwaZulu-Natal as it broadens efforts to reduce environmental waste. 29 May 2023
South African brandy was once again lauded on the world stage after Van Ryn's 15YO Single Potstill was named World's Best Wine Brandy at the World Brandy Awards last week. This is the second consecutive time the Stellenbosch-based brandy distillery has won the title and the third occasion since 2020. 29 May 2023
Sportwear giant Nike, Inc. has announced a slew of changes across the executive ranks at its Jordan, Converse and namesake businesses. According to the company, the leadership shakeup was made to "deepen consumer-led growth and marketplace advantage". 26 May 2023
South African eyewear distributor, SDM, has rebranded to FrontierCo Vision. 25 May 2023
Source: RFG
Western-Cape based food producer RFG Holdings has reported a 37.1% increase in headline earnings to R217m for the six months ended March 2023 as the regional and international businesses expanded margins. 25 May 2023
The rising number of high-net-worth individuals globally is a key driver behind the expansion of the luxury retail market, new global research by communication technology company Communications Specialist Ltd shows. 25 May 2023
Today's consumers have access to a myriad of convenient experiences through mobile apps and online platforms, and they expect a similar level of ease when interacting with businesses and specifically payment interactions. 24 May 2023
Source: Massmart
Retail group Massmart has integrated Walmart's Global Integrated Fulfillment (GIF) software into all Makro stores, with plans afoot to expand into Game and Builders. 24 May 2023
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