27 Feb 2012

Retail | South Africa

 

Budget, budget, budget

We're hurtling at a pace into March, with only two days left till financial year-end for many companies. And, according to Andrew Hannington, that also only leaves two days for companies with a public interest score of less than 350 to amend their MOIs and opt out of the annual audit.

Last week saw the CPI rise and, who could forget, Finance Minister Pravin Gordhan's Budget speech. While he delivered bad news for anyone who likes to indulge their vices, it did bring welcome tax relief for housing. Gautengers who will be subject to e-tolling when the system goes live also caught a break, but SAVRALA is not entirely convinced. Ipsos garnered South African's views pre-Budget, with KPMG and Frost & Sullivan commenting on the results of the speech.

And onward, March...!


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: Stuart Miles / FreeDigitalPhotos.net

Top stories


Editorial news

Retail


Time to enter top consumer products
The March issue of Fairlady, out now, is calling for entries to the 2012 Fairlady Consumer Awards. This year, the magazine has more than doubled the nine 2011 categories to 20 for 2012. And it expects to exceed the 112 entries received last year. Read more >>

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Clothing retailers eye expansion
[Zeenat Moorad] Listed retailer Truworths (TRU) will open 19 stores in the second half of the 2012 financial period, it said on Thursday, 23 February. Read more >>

CPI rises in January
The Consumer Price Index (CPI) continued its upward trend, rising to 6.3% in January, Statistics South Africa (Stats SA) announced today, Wednesday 22 February 2012. Read more >>

'All systems go' for JD Group
[Zeenat Moorad] After diversifying its retail footprint with the acquisition of Unitrans Auto and Steinbuild, and shedding its Polish furniture business Abra, a rejigged JD Group on Monday, 20 February, said it was quietly optimistic about the year ahead. Read more >>

Banking & Finance


New collaboration secures mobile payments
Proxama, a next generation mobile commerce company that specialises in NFC mobile contactless payments and NFC proximity marketing, has announced the launch of an ultra-secure mobile payment system, in collaboration with ARM. Read more >>

Comments on budget aspects of infrastructure, agriculture
Commenting on the budget speech, Frost & Sullivan, an international company that enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership, highlighted the Minister's points on infrastructure development and agriculture. Read more >>

KPMG team comments on budget
The KPMG team of tax and economic experts have provided their insights and analysis in response to the 2012 National Budget, delivered by Minister Pravin Gordhan in parliament yesterday, 22 February 2012. Read more >>

Brand news


New appointment at Cape Classics
Molly Choi has been appointed as executive vice president of sales and marketing for Cape Classics, an importer of South African wines to the US. She joined the company in 1997 as marketing manager and, for the past six years, she has lead the branding, marketing and PR strategies for the 20 South African wineries imports. She will assume the newly created position while maintaining her former marketing management responsibilities. Read more >>

Clothing & Textiles


The Show website adds Open Showroom
The Designer Boutique Show (The Show) was established in 2008 by fashion designer, Julia Schaffer to provide a platform for buyers to view and order from South African designers. It has now added the Open Showroom, which is a portal to each exhibitor's own online showroom. Read more >>

Commercial property


CRM


But is it lies? 'Steve' vs Standard Bank
[Tiffany Markman] I seldom pick sides in fights such as #bankwars. Barring an ambivalent flip through the twitterverse to find out who hates who and get a glimmer of insight into why, I wait for the cacophonous twysteria to die down; for my stream to return to 'normal'. But this time, I have a definite bias. Read more >>

Distribution


Exhibitions & Events


Cape Town Book Fair set for June 2012
The biennial Cape Town Book Fair will take place on 15-17 June 2012, straight after the 29th International Publishers Association (IPA) Congress on 12-14 June. The book fair will also have a strong trade element to enhance its marketplace appeal. Read more >>

Green sustainability


Another Elgin Vintners partner achieves BWI champion status
The Biodiversity & Wine Initiative (BWI), in recognition of its contribution to conserving the biodiversity of the Cape floral kingdom for future generations, has awarded Elgin Orchards, owned by Elgin Vintners partner Max Hahn, BWI champion status. Read more >>

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Informal retailing


Regulatory


Amend your Articles now or lose out
[Andrew Hannington] Companies with a year end 29 February 2012, which have a public interest score of below 350 and have the opportunity to elect not to be audited, need to ensure they have altered their existing Articles of Association (deemed MOIs [Memorandum of Incorporation]) if they wish to avail of the benefits conferred on such companies under the new Companies Act, 2008, which finally came into effect last year. Read more >>

Liquor laws to be tightened
An end to Gauteng's moratorium on liquor licences will be announced in March, economic development MEC Qedani Mahlangu said in Johannesburg on Monday, 27 February 2012. Read more >>

Bad news for beer and spirit drinkers
[Angus Macmillan] Bad news for drinkers, especially beer and spirit lovers! So-called "sin taxes" on alcohol are going up by between 6% and 20%, almost enough to drive one to teetotalism. Read more >>

Research


South Africans' views researched for Budget Day
As South Africans ponder the Budget, due out today 22 February 2012, Ipsos has released two research reports on how South Africa shows the most improvement as part of a global outlook on the national economies but that its people's perceptions on cost of living and the government's control are not high. Read more >>

Food and beverage sales rise 6.2%
The total income generated by the food and beverages industry rose 6.2% to R4.595 billion in December 2011, from a year earlier, according to Statistics SA data released yesterday, 20 February 2012. Read more >>

Retail marketing


Dion Chang and Primall Media team up
Primall Media, announced yesterday 21 February 2012, that it has joined forces with local trend analyst and creative visionary Dion Chang, who studies consumer mind-set - their hot buttons and the social and retail trends which define future society. Read more >>

Retailers


Shipping & Transport


Reduced toll fees for GFIP still not acceptable, possible legal transgressions
The South African Vehicle Renting and Leasing Association (SAVRALA) is adamant that despite finance minister Pravin Gordhan's reference to reduced toll fees for the Gauteng's Freeway Improvements (GFIP), the funding mechanism is inefficient, impractical and unacceptable. Read more >>

Gordhan's Budget caps e-tolling fees
Finance Minister Pravin Gordhan has announced a proposal that will bring about relief for Gauteng motorists with regard to e-tolling fees. Read more >>

Supply chain


Technology


Training



International
Informa comments on T-Mobile plans
LONDON, UK: Mike Roberts, principal analyst (Americas) at Informa Telecoms & Media comments on T-Mobile's plans to modernise its mobile network and launch LTE in 2013. Read more >>

The Future of Broadcasting conference: Registration opens
LONDON, UK: Marketforce and the IEA's 10th anniversary The Future of Broadcasting conference will be taking place 27-28 June in London. Read more >>

All-new Kaspersky tablet security to be unveiled at Mobile World Congress 2012
BARCELONA, SPAIN: Kaspersky Lab, a leading developer of secure content and threat management solutions, is set to unveil its tailored security solution for Android-based tablets at the world's largest international mobile technology exhibition later this month. Read more >>

Airtel ONE8: One of the world's top music marketing campaigns
CANNES, FRANCE: MIDEM, which takes place annually in Cannes, France, this year unveiled Airtel ONE8 as one of the top two most creative and innovative marketing campaigns worldwide competing against hugely acclaimed agencies and global brands such as American Express and Converse, amongst others. Read more >>

Cannes Lions announces jury presidents
CANNES, FRANCE: Cannes Lions has announced the presidents for the Design, and Film Craft categories at this year's International Festival of Creativity, taking place from 17-23 June. Read more >>

More International...


Company news

Exhibitions & Events


Governance Risk and Compliance Conference - Trade Conferences International
The Governance Risk and Compliance Conference will be taking place on 27, 28 and 29 March 2012, Indaba Hotel, Fourways, Johannesburg. Read more >>

FMCG


Fore Good wins selected Kraft Food Brands distribution rights in SA - Fore Good Investments
Kraft Food has selected the Fore Good Group as its local partner to distribute selected brands from its extensive brand portfolio throughout South Africa. Read more >>

Franchising


Tyre industry leaders express major concern over REDISA's recycling plan - Tiger Wheel & Tyre
The recently announced REDISA tyre scrap management and recycling plan has left many tyre industry leaders unsettled in its primary motives and political interference is suspected. Read more >>

Logistics


IMPERIAL Logistics confirms position as logistics and supply chain management outsource leader - IMPERIAL Logistics
JSE-listed IMPERIAL has announced revenue of R38,4 billion and operating profit of R2,6 billion for the six months ending 31 December 2011. This represents 22% revenue growth and 23% profit growth when compared to the corresponding period in 2010. Read more >>

Retail marketing


Maxidor presents: "Maxidor Family" commercial - Maxidor
Maxidor chose to create a commercial that focusses on what matters most: the people behind the product and the real risk they can so easily face if they do not ensure their own safety and security by choosing Maxidor. Read more >>


Galleries
Local schools work alongside "green" artists

More


Government
Gordhan: User pays principle sacrosanct on tolls
The "user pays" principle is sacrosanct and lobbies against toll roads are misguided, according to Finance Minister Pravin Gordhan. Read more >>

Radio stations support call for media broker audit
Community radio operators have supported calls by the Media Development and Diversity Agency for an audit of media brokers who secure lucrative government advertising on their behalf but then fail to pay. Read more >>

Gautrain loses a little steam over toll-fee cap
The Cabinet's decision to cap toll fees rather than abandon them on Gauteng's freeways is a blow to public transport as a viable alternative to private vehicles. Read more >>

'Investors want state to deliver before unlocking savings'
Government needs to prove that it can spend on infrastructure before the private sector will invest in new build projects, Standard Bank chief economist Goolam Balim said in reaction to yesterday's budget speech. He said the private sector was sitting with billions in corporate savings. Read more >>

Auditing industry needs to 'fully transform'
Public Enterprises Minister Malusi Gigaba has called on corporate SA to join hands with government in the procurement of professional services from previously disadvantaged companies to promote transformation. Read more >>

Cyber security policy framework to be tabled soon
[Francis Hweshe] Government has reiterated its commitment to fighting and defeating cyber-crimes. The Justice, Crime Prevention and Security Cluster announced on Sunday that a cyber-security policy framework would be tabled before the Cabinet soon. In addition, it said that the finalisation of specific cyber-crime plans would be a target this year. Read more >>

Gauteng's growth plans unveiled
Gauteng's plans for the current year include splitting the Health and Social Development Departments, creating more jobs and further cementing its position as Africa's business destination and economic hub. Read more >>

More Government news...


Motoring
Drop-top Golf poses and performs
[Henrie Geyser: motoring editor] Volkswagen's keenly awaited Golf Cabriolet has finally arrived on the showroom floors of local dealers after it caused quite a stir when it was shown at the Johannesburg International Motor Show in October last year - and it was well worth the wait because this is a super little cruiser, keen to pose and to perform. Read more >>

AA reacts to budget speech
The Automobile Association has reacted to Finance Minister Pravin Gordhan's budget speech yesterday in which he announced taxes on fuel will rise by 28 cents a litre from 1 April 2012. This includes 8 cents a litre contribution to the Road Accident Fund. Read more >>

More Motoring news...


Travel
kulula aces insurance issues with new deal for passengers
The convenience of modern living means a trip to Durban, Cape Town or Johannesburg - or indeed any major city in South Africa - is just a couple of hours away. That's thanks to kulula.com. Read more >>

Join the "treevolution", Greenpop heads for Zambia
[Sindy Peters] Founded by Misha Teasdale, Lauren O'Donnell and Jeremy Hewitt (aka Jeremy Loops), Greenpop has launched Trees for Zambia, an initiative that aims to combat the high deforestation rate in Zambia. With its volunteers, Greenpop plans to plant more than 5000 trees in Livingstone during July 2012. Zambia has the second highest deforestation rate in the world; to curb this rate, volunteers are being called upon to get involved. Do you dig trees? Read more >>

Velvet Sky flights still delayed on Friday
Troubled airline Velvet Sky is still struggling to get its planes into the air and News24 says that flights from Johannesburg to Cape Town and Durban were delayed for three hours on Friday morning. Read more >>

Singita's take on multi-generational safaris
Parents, children, and grandparents are taking their holidays together these days. Labelled 'multigenerational travel', it is one of the biggest emerging trends in travel across the globe, says Virtuoso, a leading international luxury travel network. 21st Century baby boomer grandparents are active and love to travel, and want to share the experience with their children and grandchildren. Read more >>

30-million passengers used SA's airports
Almost 30-million passengers used South Africa's airports between April 2011 and January 2012 and News24 quotes figures from the Airports Company of South Africa (Acsa) that indicate improved air travel despite tough economic conditions. Read more >>

Do's and don'ts in Thailand
Thailand is not only a country filled with beautiful clothes, exotic cocktails and breathtaking beaches. It is also a land where the trade and customs' are steeped in Thai history. Read more >>

More Travel news...


BizLounge
The Artist is an indisputable masterpiece
[Daniel Dercksen] If there is one film that everyone will be talking about for years to come, and a film that has caused as much sensation as when the first talking picture made its bow, it's The Artist. Read more >>

Mothertukking adventures in 3 Wheels
[Ruth Cooper] "A tuk tuk is a magical mode of transport for normal people"; in this case slightly abnormal people for one must be slightly cooked to enter the Lanka Challenge, which has entrants embark on a madcap adventure in a tuk tuk across Sri Lanka. Think a sort of low-budget, but far more fun, Amazing Race (free from annoying, bickering Americans). 3 Wheels is a documentary of said race featuring Team Hallelujah Spaghetti, who entered the 2010 Lanka Challenge, came second last and documented the whole process. Read more >>

King amongst crooks in Elite Squad 2
[Daniel Dercksen] "War is medicine" in this outstanding fictional expose of contemptible corruption and the brutal abuse of military power in Rio de Janeiro, where the military police, politicians, slumlords and gang lords team up profit from drugs and other criminal activities. Corruption becomes the new currency and death the result if payments are not made, contracts need to expunged, or agreements become murky. It's not a happy city to live in, no matter which side you're on, particularly if you're wearing a uniform. And if you are wearing a uniform, the chances are that you are a king amongst crooks. Read more >>

Perky rom-com Semi-Soet
[Daniel Dercksen] This pleasant and perky romantic romp is filled with humour and adorable characters. It delivers what it promises and has terrific chemistry between disagreeable adversaries whose encounter sparks potential romance. Read more >>

A life worth selling your soul
[Johann Smith] The word alternative has become misleading and common. Nowadays, if you want to be alternative, your choices are limited between becoming a farmer, a Christian fundamentalist or staying a virgin. If we could go back, to '69 or '76, before the word was coined - and perhaps even further, to a time, when rock 'n' roll came without sex and drugs, and paused at the second Chuck Berry discovered electricity, we would know why we're here. Yesterday's conservative society shouldn't have warned us about the devil, but of boredom instead. Read more >>

War Horse: overwhelming scale and splendour
[Daniel Dercksen] There's a susceptible sensibility that is eminent in Steven Spielberg's films that, ultimately, reveals itself spectacularly through the lens of the camera, performances of the actors, tempo and pace of the editor, music score by the composer, and the creative team that brings his extraordinary vision to life. War Horse is no exception. Read more >>

More BizLounge news...


People on the move
  • Alain Prost appointed new Renault brand ambassador - more info
  • Cape Classics appoints Molly Choi - more info
  • Hirsch's appoints Paul Brown - more info


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Quotes
"Your Business clothes are naturally attracted to staining liquids. This attraction is strongest just before an important meeting. (via Quote Garden)" - Scott Adams
"It's not enough for people to just know your brand. You want people to be actively thinking about your brand, and, crucially, talking about it. Really famous brands, like Apple or Nike, become part of the cultural lexicon, the web of symbols that we use to define ourselves and our world. (via Warc)" - Les Binet
"Clothes don't make a man, but clothes have got many a man a good job. (via FiDM)" - Herbert Harold Vreeland
"What is the 'good life' but peace, joy, health, and prosperity? (via GAIAM life)" - Linda Fifer Ralphs
"Technology can be a wonderful boon to humankind, but sometimes we abuse it in ways that prevent us from really participating in life. For example, I have a BlackBerry phone. My original thinking was that this would free me from my computer and allow me to stay connected. Yes, it does allow me to stay connected electronically, but it also makes me disconnected from what I should really be doing-being present. (via GAIAM life)" - Stephen Shapiro


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