4 Jun 2012

Retail | South Africa

 

Deals and discoveries

It's been a busy week behind boardroom doors with a number of new deals and acquisitions emerging in and around the retail industry: Clover SA has just bought the Real Juice Co; Astral Foods has sold its half share in a bakery business; the Dipula Income Fund plans to purchase three shopping malls; and the Nkomamonta Organic Farmers' Cooperative has signed a deal to supply organic vegetables to Pick n Pay.

On the research and indices front, NAB reveals consumer shopping patterns are based on geographics, not demographics; the Food Price Monitor declares that it's more expensive to shop in rural areas; the Kagiso PMI stabilizes in May; and the GDP rises in the first quarter of 2012.

Other interesting reads include the influence of the CPA on property sales; the risks of trading online; and how boys and their toys amount to a R1.7 billion video gaming industry.

Rounding off this week are the trophies - congratulations to all the winners of the SAPOA property development awards and the Old Mutual Wine Trophy Show.

Have a great week!


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: FreeDigitalPhotos.net

Top stories


Editorial news

Retail


Consumer shopping patterns determined by geographics
The Newspaper Advertising Bureau (NAB), in a recent presentation of key market intelligence to a leading national retailer, revealed that consumer shopping patterns and retailers target markets are determined by geographics, not demographics. Read more >>

Advertisement:


Petrol price to drop
The retail price of all grades of petrol will decrease by 55 cents per litre (c/l) on Wednesday, 6 June 2012‚ the Department of Energy announced on Friday. Read more >>

Food more expensive in rural areas in SA
[Hopewell Radebe] Rural consumers paid more than their urban counterparts for the same food basket last month, according to the Food Price Monitor compiled by the National Agriculture Marketing Council. Read more >>

Associations


30 years of wine enthusiasm
It is 30 years since the first meeting of the Cape Winemakers Guild meeting, formed by founding chairman, Billy Hofmeyr, Etienne le Riche, Braam van Velden, Peter Finlayson, Achim von Arnim, Jan Coetzee, Kevin Arnold, Walter Finlayson and honorary member, Professor Joel van Wyk and the association still continues to share knowledge and enthusiasm. Read more >>

Banking & Finance


Brand news


The Real Juice Co sold to Clover SA
The Real Juice Co (RJC) has been sold to Clover South Africa by AVI Limited for R60 million. Currently RJC is a leading producer of fresh fruit juices, nectars and concentrates sold under the Quali and Real Juice brands in the Eastern, Western and Northern Cape. Read more >>

KWV wins at Old Mutual Trophy Wine Show
The results of the Old Mutual Trophy Wine Show 2012 were announced in Cape Town on 30 May 2012, with the Fairbairn Capital Trophy for the Top Producer going to KWV SA, edging Eikendal into second place, closely followed by Jordan Wine Estate and Vergelegen. Read more >>

Commercial property


Winning developments announced at SAPOA dinner
SAPOA has announced the winners of its awards for Innovative Excellence in Property Development, sponsored by Nedbank Corporate Property Finance, at the 44th annual SAPOA International Property Convention & Exhibition at the Durban International Convention Centre. Taking top honours was the One & Only The Palm, Dubai, owned by Kerzner International, for its collaboration of South African consultants working in the international arena. Read more >>

Dipula Income Fund to buy three provincial malls
Dipula Income Fund will purchase three provincial malls; R179.5 million for the 25 700sqm Plaza Shopping Centre in Phuthaditjhaba in the Free State; R46.2 million for the 6000sqm Randfontein Station Shopping Centre in Gauteng and R104.2 million for the 14 700sqm Bushbuckridge Shopping Centre in Mpumalanga. Read more >>

Corporate Social Investment


e-Commerce


Online shopping aid for beauty industry
Kaboose is an easy-to-use free mobile and web-based shopping aid, which enables shoppers to get the best deals on over 20 000 beauty products sold at over 4000 stores countrywide, all in real-time. Described as a first for South Africa, the launch has two parts - one for retailers and the second for consumers. Read more >>

Exhibitions & Events


First French season in South Africa kicks off in July
Following a multifaceted bilateral agreement concluded last year between the heads of state of France and South Africa, the SA-French Seasons 2012-13 will commence this winter at the Franschhoek Bastille Festival, taking place the weekend 13-15 July. Read more >>

Asia's biggest wine expo opens in Hong Kong
HONG KONG, CHINA: The who's who of the wine world gathered in Hong Kong on Tuesday, 29 May 2012, for Asia's biggest wine and spirits fair, hoping to tap the booming but still relatively young Chinese market. Read more >>

Seminar unpacks partnership strategies for Wal-Mart
A morning seminar, entitled 'Are you ready to grow with the world's biggest retailer', will offer an in-depth view of Wal-Mart in the South African trading context and offer insights to help grow South African businesses with the world's largest retailer. Read more >>

FMCG


Hospitality


Import/Export


Wine producers urge SA to make a deal with China
[Annaleigh Vallie] Local wine producers have again urged SA to consider a trade agreement with China, similar to one the Chinese government has with New Zealand and Chile. Read more >>

Manufacturing


Kagiso PMI stable at 53.6 in May
The seasonally adjusted Kagiso Purchasing Managers Index (PMI)‚ which is a key leading indicator for activity in the manufacturing sector‚ remained relatively stable at 53.6 index points in May from 53.7 in April‚ pointing to contained activity in the sector. Read more >>

Packaging


Regulatory


Distell loses again, but shields Amarula
[Ernest Mabuza] Liquor giant Distell yesterday, 31 May 2012, lost another round of its legal battle to avoid paying a multimillion-rand tax bill on its spirit-based drinks, but its flagship liqueur Amarula was not part of the challenge. Read more >>

Influence of CPA on property sales
[Carol Reynolds] There has been much confusion regarding the ambit of the Consumer Protection Act (CPA) and furthermore, the public has been left questioning whether the voetstoots clause still applies. It is now clear that the voetstoots clause does indeed remain in full force in property sales, where the CPA is not applicable. Read more >>

Research


GDP rises to 2.7% in first quarter of 2012
South Africa's Gross Domestic Product (GDP) in the first quarter of 2012 rose by 2.7%, said Statistics South Africa (Stats SA). Read more >>

Retail marketing


Retailers


Fast growth weighs on Verimark
[Annaleigh Vallie] The pain of "growing too fast" continued to weigh on Verimark in the year ending February, CEO Mike van Straaten said yesterday, 28 May 2012, as the company posted a revenue fall of about 2% in the period. Read more >>

Security


Trading online - beware risks
Online trading platforms make it easy for anyone to enter the trading market and given the high potential earnings there are many organisations capitalising on the demand, by selling trading products to untrained consumers. Read more >>

Shipping & Transport


Supply chain


Astral sells 50% interest in bakery business
Poultry producer Astral Foods (ARL) on Thursday, 31 May 2012, said it had successfully sold its 50% interest in its bakery business to Fedoha Proprietary for R96 million. Read more >>

Nkomamonta Organic Farmers' Cooperative signs with Pick n Pay
As part of its ongoing mission to support emerging farmers, Pick n Pay formally announced its partnership with Nkomamonta Organic Farmers' Cooperative in Tzaneen in Limpopo Province, which will see the cooperative supplying 217 tons of organic vegetables to Pick n Pay stores countrywide. Read more >>

Poultry producers call for 'level playing field' to create jobs
Greater co-operation was needed between poultry producers and the government to create a "level playing field" with international producers and create 10000 jobs in an industry that faced sharply rising imports but had room to triple the production of eggs, CEO of the Southern African Poultry Association, Kevin Lovell said Tuesday. Read more >>

Technology


Video gaming tops R1.7 billion
From the games, the devices the games are played on, to the profile of the gamers themselves, South Africa's video gaming culture has undergone an evolution and has grown exponentially. Read more >>


International
EU5 map usage via smartphone growing 7x faster than classic web
LONDON, UK: - comScore, Inc has released an overview of mobile and computer usage of Maps across the five leading European markets (France, Germany, Italy, Spain and the United Kingdom) using the comScore MobiLens and comScore MMX services. Read more >>

WAN-IFRA: Why we're going to Kiev
PARIS, FRANCE / DARMSTADT, GERMANY, KIEV, UKRAINE: The World Association of Newspapers and News Publishers (WAN-IFRA) and the World Editors Forum have called for greater support of press freedom in Ukraine amid concerns about the state of democracy in the country. Read more >>

The Economist celebrates e-book success
LONDON, UK: The Economist's 2011 European brand campaign, 'Thinking Spaces', showcases the inspiring places all over the world where people go to think, reaching a community of more than 40 000 fans. Read more >>

IMD announces its 2012 World Competitiveness Rankings
LAUSANNE, SWITZERLAND: IMD, a top-ranked global business school based in Switzerland, has announced the findings of its annual World Competitiveness Yearbook (WCY). The WCY rankings measure how well countries manage their economic and human resources to increase their prosperity. Read more >>

More International...


Company news

Franchising


Tiger Wheel & Tyre spotlights new pothole resistant tyre - Tiger Wheel & Tyre
The all-new Michelin Energy XM2 Tyre, with its excellent resistance against pothole damage and superb road-handling, is now available from Tiger Wheel & Tyre. Read more >>

Research


South Africans' love for fast food grows...! - Analytix BI
With a changing lifestyle and sluggish economy, fast food consumption is becoming almost universal as South Africans embrace affordable, large-portioned and immediate consumption fast food, according to a new report released by Analytix BI, "South Africa Country Report: Fast Food Consumer Trends (2007-2011)". Read more >>

Retail marketing


Clever twist to the online daily deals market, this time brought to you by PriceCheck - PriceCheck
SaveMeDeals.com is a deal portal aggregator - displaying all the advertised deals from group buying sites in one place. They offer one site and one email to see all the deals, saving time. Read more >>


Government
Govt hangs up on Telkom; shares plunge
The government hung up on South Korea's KT Corporation on Friday after the company had spent months in talks over investing in Telkom. Telkom's share price plunged 8.34% to close at an eight-year low of R22.91c. Read more >>

Telkom CEO 'not hopeful' on future of KT Corp deal
Telkom CEO Nombulelo Moholi is "not hopeful" the government will reverse its decision and back the proposed transaction with South Korea's KT Corporation. The Cabinet's decision to take the deal off the table is being seen as another example of the government's reluctance to loosen its grip on the ailing company, thus stifling access to telecommunications. Read more >>

Cops spend R1m on catering
Police top brass are in hot water for spending R1m of taxpayers' money on catering and entertainment. Read more >>

Parliament looking to expand public participation
Parliament is looking at creating a model that will allow the public to have more say in parliamentary processes and will also create rules around MPs missing National Assembly sessions, National Assembly Speaker Max Sisulu said yesterday. Read more >>

SA to become locomotive builder
South Africa is on track to become a manufacturer of locomotives for the rest of Africa, Transnet chief executive Brian Molefe has said. Read more >>

More Government news...


Motoring
New car sales accelerate to eight-month high
[Henrie Geyser: motoring editor] New vehicles sales in South Africa in May accelerated to more than 20% higher than the same month last year and about 11% higher than the average for the first five months of the year according to figures released today by the National Association of Automobile Manufacturers of South Africa (NAAMSA). Read more >>

Floats like a butterfly, stings like a bee
[Henrie Geyser: motoring editor] BMW has taken its first major step into twin-engine technology in South Africa with the introduction of the ActiveHybrid 5 whose green credentials immediately elevate it to the top of its class, not only for its kindness to Mother Nature but also in terms of looks, impressive features, comfort, ride and safety. Read more >>

More Motoring news...


Travel
Etihad Airways to fly to Brazil
Etihad Airways has unveiled plans to fly - from 1 June 2013 - to Brazil, the airline's first South American destination. "Brazil is a logical next step for us and will mark the sixth continent we serve and our coming of age as a truly global airline," James Hogan, Etihad Airways president and chief executive officer, said. Read more >>

Indulge yourself... Sin...fonia a little - or become a fan of the Opera
A cruise on board the MSC Sinfonia or the MSC Opera is a great opportunity to host a conference, teambuilding or incentive event. It's an ideal venue where accommodation, all meals, entertainment and the company conference can be arranged with one call and it's all included in the fare. South Africa's newest and most exciting conference venues are due to sail into our waters in November and will be here until April 2013 Read more >>

[10 Things I Love about]... The Maldives
[Brian Berkman: contributing editor, travel] PR supremo Etienne De Villiers has spent more time in five-star hotel resorts than elsewhere. He returned to Cape Town for the launch of One & Only and then headed straight back to the Islands again. Now, Contributing Editor: Travel Brian Berkman asked De Villiers, as area public relations manager for Anantara Resorts, The Maldives, what he loved most about The Maldives. Read more >>

1time calls time on Lanseria
1time Airline has announced that it will be withdrawing all of its flights to and from Lanseria International Airport with effect from 2 June 2012. Read more >>

Hilton Cape Town City Centre turns 1
[Brian Berkman: contributing editor, travel] Hilton Cape Town City Centre celebrated its first anniversary recently congratulating itself on the way it has managed - largely by working the Hilton HHonors membership base of 30 million global travellers - to successfully turn around a site that had failed under previous managers. Read more >>

More Travel news...


BizLounge
The peculiar House of Usher
[Daniel Dercksen] Malady is insanely entertaining in the ferocious and explosive House Of Usher that is now on at The Little Theatre and causing a stir on the theatre front. Cunningly adapted from Edgar Allan Poe's gothic tale The Fall Of The House Of Usher, and conceptualised, directed and designed by Christopher Weare, with music and lyrics by Graham Weir, this lethal fusion of thought and expression offers a weird and wonderful theatre experience. Read more >>

Get ready for a weekend of entertainment
[Daniel Dercksen] It's a great weekend for film buffs: Amanda Seyfried takes the law into her own hands in the psychological thriller Gone; Charlize Theron plays an evil queen who wants the heart of the fairest of them all in the epical fantasy Snow White And The Huntsman; Abbie Cornish plays an unhappy woman trapped in an abusive marriage who becomes obsessed with the love story of Wallis Simpson and King Edward VIII in W.E.. Read more >>

Honest truth in Lie
[Daniel Dercksen] The honest truth about Lie is that you simply cannot miss this powerful and significant play that is unfortunately only playing for a few days at the The Intimate Theatre in Cape Town until June 3. Read more >>

W. loves E.
[Daniel Dercksen] Madonna's voyeuristic exploration of decadence, passion and obsession are flawlessly and skilfully explored in the exquisite W.E, a film in which women are "visual creatures" and territorial dominance is an important pawn in a chess game between royalty and ordinary people. Read more >>

Stepping out of the Shadows
[Ruth Cooper] With the title of Best Rock Band under their skinny jeans, courtesy of the 2012 SAMAs, Shadowclub, the "balls of steel band", is confidently climbing the SA musical ladder one rung at a time, with the aim of taking a plunge into international waters once a sufficient local height has been reached. We chat to drummer Isaac Klawansky, one third of the high-energy Jozi rockers about SAMA Drama, Kings of Leon and what it takes to become, and remain, a big fish in the murky overpopulated tiny pond that is SA music. Read more >>

More BizLounge news...


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Quotes
"Don't wait. The time will never be just right. (via greatmindsinspire)" - Napoleon Hill
"You can never be overdressed or overeducated. ( via Good Reads )" - Oscar Wilde
"At Microsoft there are lots of brilliant ideas but the image is that they all come from the top - I'm afraid that's not quite right. (via brainyquote)" - Bill Gates
"Letting your mind play is the best way to solve problems. ( via Brainy Quote )" - Bill Watterson
"You can have the best product or service in the world, but if people don't buy - it's worthless. So in reality it doesn't matter how wonderful your new product or service is. The real question is - will they buy it?" - Noel Peebles


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