| 31 Oct 2011 |
| Retail | South Africa |
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Retail, Associations, Banking & Finance, Brand news, Clothing & Textiles, Cold chain, Commercial property, CRM, CSI, Distribution, e-Commerce, Exhibitions & Events, FMCG, Franchising, Green sustainability, Health & Safety, Hospitality, Import/Export, Informal retailing, Instore, Logistics, Manufacturing, Merchandising, Packaging, Refrigeration, Regulatory, Research, Retail marketing, Retail services, Retail trends, Retailers, Security, Shipping & Transport, Shopfitting, Supply chain, Technology, Training
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Shuffling déjà vuI'm getting a peculiar sense of déjà vu at the moment - ah, that's right, it's almost the start of a new month and the petrol price is going up. Again. Follow the impact of this down the supply chain and this has consequences for everyone, most of all the consumer. And it certainly isn't going to help small businesses in Soweto, many of which are failing, according to the latest edition of the BMR's Small Business Success and Failure in Soweto: A Longitudinal Analysis. Moving on... Steinhoff International is looking to dispose of its industrial assets to KAP International in exchange for shares, while increasing its stake in the JD Group. The move, however, will find Steinhoff in control of both KAP and JD Group. Moody's Investors Service reports that the move will not impact on Steinhoff's rating. In more company shuffling, last week saw Sony buy Ericsson's stake in joint mobile company Sony Ericsson, Tiger Brands acquire a portion of Zimbabwe's National Foods, and ARB buy a 60% stake in Eurolux. A big congratulations goes out to the Sunday Times Business Times Top 100 Companies and to Gwarega Mangozhe - best of luck in your post as CEO of the CGCSA. Keep shuffling! Shan Radcliffe, Retail editor
Please send retail news to: retailnews@bizcommunity.com
Responses to this column welcomed in our new online editor's column archive.
Image: Arvind Balaraman / FreeDigitalPhotos.netTop stories
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Moody's Investors Service says that Steinhoff International Holdings Limited's proposed disposal of industrial assets to KAP International Holdings Limited and the potential increase in JD Group Limited's stake through its call option have no immediate rating impact on Steinhoff's Ba1 corporate family rating with a stable outlook. Read more >>
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 All grades of petrol are set to increase by 23 cents a litre this week, said the Energy Department on Friday, 28 October 2011. Read more >>
[Marc Hasenfuss] Last week's AGMs of Capevin Holdings (unlisted) and Capevin Investments (listed on the JSE) - investment companies that own shares in liquor giant Distell as their only investment - were dominated by discussions around beer giant SABMiller. Read more >>
Consumer goods group Tiger Brands (TBS) says it has acquired approximately 11% of National Foods Holdings Limited (National Foods) in Zimbabwe from Innscor. Read more >>
 On 25 October 2011, the top four category winners of the Sunday Times Business Times Top 100 Companies were announced at a gala dinner in Sandton. The top company for 2011 is mining holding company Assore Limited, Business Leader of the Year is Whitey Basson, CEO of Shoprite Holdings, the 2011 Lifetime Achiever Award went to Brian Joffe, CEO of Bidvest and Impala Platinum won the 2011 Corporate Social Investment Leadership Award. The full survey will be published in the Sunday Times on Sunday 29 October 2011. Read more >>
 From a young age, Gift Mafuleka was determined to become a farmer and his hard work and dedication to farming have paid off, as he has been named 2011 Toyota New Harvest Farmer of the Year in October 2011. The Gauteng Department of Agricultural & Rural Development nominated him for the award, which offered a Toyota Hilux 3.0 Xtra Cab D-4D Raider as the prize. Read more >>
Industrial goods and services group ARB Holdings has acquired 60% of Eurolux for a cash consideration of R81 million. Read more >>
[Luke Marowitz] A large component of the CPI is housing and utilities and this figure comprises five sub-sectors: rentals for housing; owners' equivalent rent; maintenance and repair; water and other services; and electricity and other fuels. One of the major reasons for this particular sector contributing so much to the final 5.3% August year-on-year CPI figure is the increase in electricity prices. These latest CPI figures have all but put a hold on an expected rate cut at the end of the year. Read more >>
Associations
Gwarega Mangozhe will join Consumer Goods Council of South Africa (CGCSA) as its new CEO on 1 January 2012. He replaces Mncane Mthunzi who left to join Massmart in September 2011. Read more >>
Brand news
 Today, 27 October 2011, it was confirmed that Sony Corporation and Telefonktiebolaget LM Ericsson have agreed that Sony will acquire Ericsson's stake in Sony Ericsson to make the joint venture a wholly owned subsidiary of Sony. Read more >>
The seventh annual Ernst & Young Excellence in Sustainability Reporting awards have been announced with the Bidvest Group being recognised for its commitment to sustainable development by being awarded first place. Eskom took second place but the resources sector went on to dominate the balance of the top ten places with AngloGold Ashanti in third followed by Anglo American Platinum, Exxaro Resources, Gold Fields, Impala Platinum Holdings, Sasol, Northam Platinum and Lonmin Plc. Read more >>
 The winners and finalists of the International Dairy Innovation Awards 2011 were announced on 18 October 2011 in Italy and Fair Cape Dairies had two of its new products chosen as two of the top three new dairy products. Read more >>
Clothing & Textiles
[Andile Ndlovu] Foschini Group CEO Doug Murray said there was a possibility of more T-shirts being pulled from its stores following the removal of three "offensive" shirts. Read more >>
Commercial property
[Reginald Tachie-Menson] Hyprop Investments (HYP) and Redefine Properties (RDF), shared owners of South Coast Shopping Mall, have opted to auction the property in a bid to focus on more "core" assets. Read more >>
[Thabang Mokopanenle] Investec Property Fund, which listed on the JSE in April, is on the acquisition trail, announcing yesterday, 25 October 2011, that it will buy retail complex Great North Road Plaza in Musina for R145m. Read more >>
Corporate Social Investment
Exhibitions & Events
 The 8th South African International commercial fishing and marine services exhibition, Fish & Marine Africa 2012, opens at the Cape Town International Convention Centre from 13-15 March 2012. It collocates with Oil & Gas Africa 2012 trade exhibition, to take advantage of the international visitors. Read more >>
The fifth Oil & Gas Africa Exhibition and Conference takes place 13-15 March 2012 at the Cape Town International Convention Centre. This is an event for suppliers and service providers to the upstream oil and gas industry, organised in association with the South African Oil and Gas Alliance and the South Africa Agency for the Promotion of Petroleum Exploration and Exploitation. Read more >>
FMCG
Green sustainability
 [Issa Sikiti da Silva: @sikitimedia] South Africa, Africa's economic powerhouse and the world's 11th greenhouse gas (GHG) emitter, will have to restructure its economy away from capital and energy-intensive growth and strive to shift it towards the green line due to severe implications of climate change, Nedbank chief economist Dennis Dykes said last week in Sandton, Johannesburg, while addressing a media seminar on sustainability. Read more >>
[Issa Sikiti da Silva: @sikitimedia] Sustainability is the process of meeting the needs of current generations without compromising the ability of future generations to meet their own needs, Nedbank head of sustainability Brigitte Burnett told journalists this week, quoting a definition from the 1987 Brundtland Commission. Read more >>
Hospitality
 Last night, 27 October 2011 in Mainz, Germany, La Motte of Franschhoek was voted the South African winner of the Great Wine Capitals (GWC) Best Of Wine Tourism Awards for 2012. Read more >>
The total income generated by the South African food and beverages industry for August 2011 was 3.4% higher than for August 2010, data released by Stats SA on Monday, 24 October, shows. Read more >>
Informal retailing
Manufacturing
[Wayne Duvenage] The debate around electric cars seems to centre on costs and potential infrastructure problems and the slow take-off rate in other areas of the world is another major concern, especially when choosing to go green seems to be such an obvious move. Read more >>
Packaging
 The 2011 Gold Pack Awards held in Cape Town on the evening of Tuesday 25 October 2011 saw Nampak win 14 awards - ten gold medals, three Best in Category awards and the prestigious Star of Africa award. Read more >>
Research
Prof André Ligthelm of the Bureau of Market Research (BMR) at Unisa has conducted five studies in Soweto, beginning with a small business panel in 2007 to study small business sustainability and mortality, within an increasingly competitive environment. The study was revisited in every year from 2008-2011 and the 2011 results shows that only 38.9% of the original small businesses were still in operation. Read more >>
Retail marketing |  |
 [Issa Sikiti da Silva: @sikitimedia] Motorola Mobility South Africa will initially spend about R20 million to aggressively market its newly launched Razr smartphone, Dorothy Matemba, Motorola sub-Saharan Africa head of marketing, told Bizcommunity.com on the sidelines of the launch of the Android-powered device in Sandton, Johannesburg, on Thursday, 27 October 2011. [video] Read more >>
Retailers
Security
 The PCI Security Standards Council (SSC), an international organisation whose aim is to develop, maintain and manage PCI security standards, monitors compliance to Payment Card Industry (PCI) Data Security Standards (DSS). This compliance has been awarded to Paycorp Holdings, a leading Southern African payments company, which becomes one of the first in the financial services industry to achieve such compliance. Read more >>
Shipping & Transport
Supply chain
As food inflation gallops ahead of general inflation, new figures show that farmers are also struggling to make ends meet. In time this will place further upward pressure on food prices as some farmers may be forced out of business. Read more >>
Training
 At times in the competition appeal court in Cape Town last week, the proceedings seemed like an exercise in futility. Read more >>
 OSLO, NORWAY: Did you know that users of Android phones are more likely to be active on music websites than iPhone owners? Or, that users of older, pre-smartphones are the most active social web users? These stats and more were revealed in this month's State of the Mobile Web report, published by web browser company Opera Software. Read more >>
 LONDON, UK: It all starts with a letter or email: "Dear Accounts Payable department, our bank details have changed to the following. Please can you update your records." Companies that fall victim to this 'change of supplier bank details' scam, currently staging a comeback, , may end up paying out large sums to the wrong people, according to fraud experts in PwC's forensic services. Read more >>
More International news...
Franchising
 Tiger Wheel & Tyre is giving you the chance to experience 2012 Daytona 500, as well as a trip to Disney Land and a shopping spree in Daytona Florida, USA. Read more >>Logistics
IMPERIAL Logistics drivers, Pieter Adriaanse and Basil Bailey, consecutively winner and runner up of the South African leg of the 9th FleetBoard Drivers League or 'TRUCKERMANIA', represented the country against 23 drivers from 12 countries. Read more >>Retail services |  |
Three entrepreneurs have launched ZONE-iN, an interactive online platform that allows consumers to tailor the information they receive to the area they are in. Read more >>
CONVERSE *> truck brings awesomeness to Gauteng
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Kings Of Leon - Cape Town
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The wall of hope to raise a million meals in the coming year
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More Motoring news...
 [Brian Berkman: contributing editor, travel] People often ask how I got into travel writing. It began with a love of hotels - I still remember the excitement when exploring a new, albeit temporary home. I wasn't interested in luxury at an early age, I just loved all the discoveries, awaiting me around every corner. Read more >>
 Taking advantage of a significant tourism opportunity surrounding the 2010 FIFA World Cup, South Africa saw a 23% increase in spending by international travellers using their Visa cards in 2010 according to the Tourism Outlook: South Africa report released by Visa Inc this week. According to the report, international Visa cardholders increased tourism spending from US$1.8 billion* in 2009 to US$2.2 billion in 2010. Read more >>
More Travel news...
 Eighteen top South African artists will be performing at The Cape Town Folk and Acoustic Music Festival, which will be held at the CTICC, Cape Town, on Saturday, 10 December, 2011. Read more >>
 [Ilse van den Berg] We came, we saw and we had a glass of wine on the weekend of 14 to 16 October, 2011, which marked the open-air festival Wine on the River's fifth year on the banks of the Breede River at the Goudmyn Farm, between Robertson and Bonnievale. Read more >>
 The classical crossover group Il Divo will embark on a world tour, taking in six continents, in 2012, but will kick the tour off with performances in Cape Town, Joburg and Sun City. Songs from their new album, "Wicked Game", will be featured. Read more >>
More BizLounge news...
Sir Juice is looking for a bright young(or young at heart) talent to head up its retail division nationally. Read more >>
Click here to customise your jobs section
- Social media training - unlocking LinkedIn Niche Training - Centurion, 31 October
- Maintaining shop floor discipline Pietermaritzburg Chamber of Business - Pietermaritzburg, 3 November
- Useful business tips for small - medium enterprise td5holdings - Johnnesburg, 3 November
- SAS - how to surprise and delight your customer SAS Institute South Africa - Century city, Milnerton, Cape Town, 3 November
- Consumer affairs professionals in REAL-time SOCAP South Africa - Johannesburg, 3 November
- Moyo Models for Africa moyo Models for Africa - Cape Town, 5 November
- The Old Mutual jazz at the theatre - Sandton, 6 November
- Organic food and wine festival - Cape Town, 6 November
- Going Google roadshow Grove Group - Joburg, 8 November
- Big Issue masque party Cape Chamber of Commerce - Newlands, Cape Town, 11 November
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"Local brands evoke national pride, are seen as less profit-oriented, and are often formed on deep local insights. But quality worries persist, innovation is questioned, the information can be woefully inadequate, they are sometimes seen to be opaque - and their advertising is clearly recognised as not being of a global standard. For local brands, quality, innovation and transparency are critical hills to climb. (via Warc)" - Miles Young "The customer perceives service in his or her own terms. (via Finest Quotes)" - Arch McGill "The dress must not hang on the body but follow its lines. It must accompany its wearer and when a woman smiles the dress must smile with her. (via Quote Garden)" - Madeleine Vionnet "Curiosity is the wick in the candle of learning. (via Great Minds)" - William Arthur Ward
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