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Retail

Moving and shaking

Some big moves in the industry this week: first, Taste Holding's has been so pleased with Marcel Strauss's leadership of The Fish & Chip Co., it's been decided that he will head up the company's new chicken acquisition, Zebro's.

Woolworths today announced that Christo Claassen will be taking over as MD of clothing and general merchandise from Brett Kaplan, who is planning to retire this year after an admirable 37-years with the company.

In other news, the annual SACSC Research Conference will be taking place in Sandton this April, British Airways has launched a new credit card in conjunction with MasterCard, and there's new opposition to Foodcorp and Oceana's merger.

Have a love-filled week!

Shan Radcliffe, Group Head - Retail (@Biz_Retail)
Image courtesy of David Castillo Dominici / FreeDigitalPhotos.net.

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Weekly top stories
Woolworths appoints new MD

Woolworths has announced the appointment of Christo Claassen as MD elect of its Clothing and GM business. Claassen will take over from Brett Kaplan, who is retiring from the business after a successful 37-year tenure.

Read more >>

[2014 trends] African Renaissance

Terry Levin

It is hardly clairvoyant to acknowledge that Africa's natural and human resources will be pivotal in almost every category you care to name in the decades to come; here's how...

Read more >>

One size doesn't fit all: the change room dilemma

Kelly Summerfield

Why is it that you can only take a certain number of clothes into the changing room at a time? Do you really have to get dressed, go back out, fetch the other items you want and repeat the process again?

Read more >>

Detailed overview of TAMS data to change on 3 March

The following changes to the TAMS data due to population and other updates are to be implemented on 3 March 2014.

Read more >>

[2014 trends] Fashionably late

Nick Schilperoort

The most recent International Monetary Fund regional economic outlook for sub-Saharan Africa projects an accelerated GDP growth of 6% in 2014 from around 5% in 2013.

Read more >>

New vehicle sales disappoint as expected

Nick Hedley

In line with expectations‚ new vehicle sales started the year on a weak note‚ according to the National Association of Automobile Manufacturers of South Africa (Naamsa).

Read more >>

[2014 trends] A roller-coaster of a year

David Blyth

2014 is a going to be a roller-coaster of a year. There are huge opportunities for brand growth across the continent, the chance to showcase local design to global audiences...

Read more >>

Repo rate increase creates shock waves in property market

Stuart Murray

As only about a month ago, two major banks stated they expected rates to rise only in 2015, the half point increase in the repo rate, announced by the Reserve Bank last week, sent a shock wave through markets.

Read more >>

[2014 trends] Delivering value in a dynamic retail environment

Brett Kaplan

The South African retail landscape has undergone massive change and is becoming increasingly dynamic with the influx of new local and well-known international brands.

Read more >>


Banking & Finance
Reviewing car purchases for lower premiums

Nthabiseng Moloi

When buying a car and considering the associated monthly costs, one way to reduce these is to choose a vehicle that will attract a lower premium from one's insurance company. Read more >>

Banks' debt assessment plan rejected

Linda Ensor

The banking industry's plea to be able to apply its own affordability assessments to its customers has fallen on deaf ears‚ as the Department of Trade and Industry says this system has failed to curb reckless lending and mounting over-indebtedness. Read more >>

New British Airways credit card launches in South Africa

Issued by Mortimer Harvey

The new British Airways credit card launched in Johannesburg on Tuesday, 4 February, now offers consumers exceptional benefits with the best Avios earn rate in South Africa. Read more >>

PayU doubles merchants in 2013

Issued by PayU

PayU, South Africa's online payment solutions provider, doubled its merchant count during 2013. The significant increase is made up of merchants from various industries, with a notable increase in general retail. Read more >>

Bad debts to hit Abil's H1 profit

Gillian Jones with Maarten Mittner

Attacq raises R512m in private placement
Low growth squeezes pay packets
Moody's predicts 'difficult' times ahead for cellular operators

Thabiso Mochiko

Brand News
Famous Brands drops 15% since reaching record
Shares of food and retail outlet Famous Brands have lost 7% on the JSE this week‚ bring total losses since reaching a record high on 17 January 2014 to about 15%. Read more >>

RCL gets R790m after share offer
RCL Foods (RCL‚ formerly Rainbow Chickens) said its plan to raise R2.5bn through a pro-rata offer of new shares at R16.50 each had received R790m in subscriptions from shareholders. It will now proceed to place the balance of the new shares with institutional investors. Read more >>

Commercial Property
Redefine bets on 'first world'

Alistair Anderson

This year is set to be the best year for commercial property in first-world economies since the onset of the global financial crisis in 2008, Redefine International's chief executive Mike Watters said. Read more >>

Delta acquires another 17.75% of Ascension
With its acquisition of 17.75% stake in Ascension properties, Delta Property Fund now has a major 41.40% investor voting bloc in Ascension. Read more >>

India's Beyond Squarefeet to manage Nigeria's largest mall
India's first mall management company, Beyond Squarefeet, is to manage 'Ado Bayero Mall', described as the first ultra-modern shopping mall in Kano, northern Nigeria, and the largest mall in the country. Read more >>

New Europe Property distribution improves 15%

Alistair Anderson

CSI
Maxi's Facebook charity support cheers up sick children
Maxi's has a Facebook campaign that encourages its fans to interact with it. The person who engages the most is named the 'fan of the month' and he or she can then nominate a charity for the chain's support. Read more >>

CRM
International customer centricity solutions for Shoprite
dunnhumby, described as the world's leading customer science company, has been appointed to apply its customer centricity solutions across Shoprite's grocery business in a multi-year contract. Read more >>

Importance of dynamics in the customer era
Microsoft Dynamics Africa 2014, which was held 4-5 February 2014, focused predominantly on four main industries - financial services, public sector, manufacturing and retail. Read more >>

Distribution
Pinnacle Africa to launch Logitech's UC products
Pinnacle Africa has been selected by Logitech as the exclusive distributor of its Unified Communications products in Africa. Read more >>

e-Commerce
JUMIA extends service to Uganda
IT News Africa reports that JUMIA, a Nigerian online shopping destination in Africa, has launched in Uganda. Read more >>

SA software sector to 'balloon' in 2014

Samuel Mungadze

Exhibitions & Events
120 years on - Rand Show still rocks
Celebrating 120 years of expo expertise, the Rand Show takes place at the Johannesburg Expo Centre, Nasrec from 18-28 April 2014. Read more >>

Calling youthful Rising Stars
The Rising Star Awards, which recognise inspirational and passionate talented people (between the ages of 28 and 40) in various business sectors, is now open for entries. Read more >>

SACSC Research Conference offers latest retail trends
The South African Council of Shopping Centres (SACSC) fourth annual Research Conference will be held on Wednesday 9 April 2014 at the Hilton Hotel, Sandton, Johannesburg. Read more >>

ITPO to host pavilion at AB7
Decorex Durban includes award-winning barista
Fine Brandy Fusion show on at mid-year
FMCG
Old love story recaptured in Muratie's new vintages
Celebrate this Valentine's Day with two bottles of wine from Muratie - the flagship white blend Laurens Campher 2013 and the flagship red, Ansela van der Caab 2010 that honour a 17th century love story. Read more >>

Clover earnings up between 82% and 92%
New summer white wines from Bouchard Finlayson
Earnings for Astral Foods at least 20% higher
Franchising
Marcel Strauss gets a taste for chicken
Marcel Strauss, current managing executive of The Fish & Chip Co., will head Zebro's Chicken, Taste Holdings' new acquisition, with effect from 1 March 2014. Read more >>

Hospitality
City Lodge takes full ownership of two Kenyan hotels
Listed hotels group City Lodge Hotels has reached agreement with Nairobi-based Fairview Hotel to acquire the other 50% of a joint venture between the two companies‚ giving it full ownership of the Fairview Hotel and the Country Lodge in Kenya's capital city. Read more >>

Import/Export
Laws change for complementary and alternative medicines in SA

Issued by Pyrotec

Those who manufacture, distribute, import or export complementary and alternative medicines are affected by new draft legislation which brings these products under the ambit of the Medicines and Related Substances Act No.101 of 1965. Read more >>

Logistics
New seafreight solution for pharmaceutical industry
Imperial Health Sciences, in partnership with global ocean freight specialist Yusen Logistics, has announced the launch of temperature controlled sea freight consolidation service to southern Africa for the pharmaceutical industry. This weekly service kicked off in January with solutions for East and West Africa to follow later in 2014. Read more >>

OneLogix shares up almost 23% on positive results

Zeenat Moorad

Regulatory
Opposition to Foodcorp's deal with Oceana

Amanda Visser

A competitor in the market for fishing and processing canned fish‚ Saldanha Fisheries‚ is opposing the merger between Oceana and Foodcorp. Read more >>

Research
TAMS panel expansion sees rating instabilities
During November and December 2013 Nielsen introduced a large number of new households into the TAMS panel as a part of the planned panel expansion and upgrade. Read more >>

Retail Marketing
Win with Puma's new augmented reality app
A new augmented reality app from Puma, VISAR, educates consumers around the brand's top performance running and football product, the Mobium v2 running shoe and evoPOWER football boot. Read more >>


International

Amazon pulls mangled ebooks from Kindle shelves
SAN FRANCISCO, USA: Amazon has yanked gibberish translations of classic works from the shelves of its online ebooks store. Read more >>

Google buys 5.94% stake in Lenovo
HONG KONG: Google bought a 5.94% stake in Lenovo for US$750m having sold Motorola to the Chinese technology company. Read more >>

US drugstore giant CVS to remove cigarettes from store shelves
WASHINGTON, US US retail drug store giant CVS Caremark announced Wednesday that it will stop selling cigarettes, a move immediately applauded by President Barack Obama as having a "profoundly positive impact on the health of our country." Read more >>

Gates quits as Microsoft chairman, new CEO named
WASHINGTON, USA: Microsoft said that founder Bill Gates was stepping down as chairman to become a technology adviser to the technology company and that Indian-born Satya Nadella would be Microsoft's new chief executive officer. Read more >>

Dry weather in Brazil drives up coffee price
LONDON, UK: The price of coffee rose to the highest levels for months on Tuesday, 4 February 2014, because of exceptionally dry weather in Brazil which could crimp harvests in the country, the world's biggest producer and exporter. Read more >>

Toyota halts Venezuela production
Twitter's wings clipped by weak user growth
Volvo cuts 2,400 more jobs as truck sales drop
Alcatel-Lucent - from losses to profits
Sony cuts 5,000 jobs, exits PC business after US$1bn loss
New York Festivals International Television & Film Awards: 2014 Finalists
London to Host Digital Media Awards and Conference
Rance Crain to moderate 2014 NYF Executive Jury's CCOs
Rebellion in the Dotcom Kingdom

Naseem Javed

Insider to refresh Microsoft for mobile age
Panasonic, Sharp point to better times ahead
Festival of Media Asia Pacific Awards: Meet the young talent
Internet companies show secret US data requests
Facebook gets its own Paper 'route'

More International


Galleries

Björn Borg SA Launch

More

More galleries  


Government

Zuma orders SIU to probe Post Office
PRETORIA: President Jacob Zuma has ordered the Special Investigative Unit (SIU) to probe alleged irregularities in the affairs of the South African Post Office (SAPO). Read more >>

KZN mulls setting up automotive supplier park
The KwaZulu-Natal provincial government is considering establishing an automotive supplier park. Read more >>

Taxis exempt from e-tolls, says Sanral
The South African National Roads Agency Limited (Sanral) has stressed that qualifying public transport is exempted from paying for e-tolls on the Gauteng e-roads. Read more >>

Big raises for city officials
The spending of R122m on hiking the wages of Johannesburg municipal officials has been branded "doubly offensive" in light of the city's service delivery failings and the dire financial straits most of its residents are now in. Read more >>

High-level task team to address violent protests
Seven to appear in court for damaging IEC material
Development funders mull car project

Allan Seccombe

Give state time to implement interventions
Final chance for voters to register
SASSA clamps down on grant fraud
Governments warned over mining industries: Tread carefully

Paul Vecchiatto

'Our bean counters are hopeless'
Students swear parents are dead to get loans
Auditor-general reports R20bn in 'irregular expenditure'
SA has restored peace in mining sector says Shabangu
SABC is 'too important' to be allowed to collapse

Samuel Mungadze

SABC lacks skills for digital migration
Australian tax request freezes SA man's assets

More Government news


Lifestyle

Land Cruiser: As tough as they come

Henrie Geyser: motoring editor

When it comes to tough off-roaders very few vehicles can match the muscle and Africa-conquering abilities of the much-respected Toyota 70 Series - and like Africa, the Land Cruiser is not for sissies, particularly the 4.5-litre V8 turbo-diesel version. Read more >>

New vehicles sales slow off the mark

Henrie Geyser: motoring editor

New vehicle sales got off in low gear at the start of 2014 with overall local sales in January of only 53,025 units, which is down more than 6% on the same month the previous year. Read more >>


Jobs offered




New events to diarise

Design Indaba Simulcast - Port Elizabeth
26 Feb 2014 to 28 Feb 2014 Port Elizabeth

Awaken the Giant in You
Teen Entrepreneur SA - 28 Feb 2014 Cape Town

Cape Town Art Fair 2014
Fiera Milano Exhibtions Africa - 28 Feb 2014 to 2 Mar 2014 Cape Town

The Vineyard Hotel's Annual MCC Festival
The Vineyard Hotel - 2 Mar 2014 Cape Town

Decorex Durban
Thebe Reed Exhibitions - 20 Mar 2014 to 23 Mar 2014 Durban

Decorex Cape Town
Thebe Reed Exhibitions - 25 Apr 2014 to 28 Apr 2014 Cape Town

Effective Purchasing
Alusani Skills & Training Network® - 22 May 2014 to 23 May 2014 Johannesburg

Cape Town Book Fair
Thebe Reed Exhibitions - 13 Jun 2014 to 15 Jun 2014 Cape Town

Decorex Joburg
Thebe Reed Exhibitions - 6 Aug 2014 to 10 Aug 2014 Johannesburg


Upcoming events

UCT Sales Management short course
GetSmarter - 10 Feb 2014 to 14 Apr 2014 Countrywide

Practical Selling Skills
Richard Mulvey - 10 Feb 2014 to 11 Feb 2014 Cape Town

Finances/accounts/budgets for non-fin managers
CBM Training - 12 Feb 2014 to 20 May 2014 Johannesburg,Cape Town,Durban

Powerful Telephone Debt Collecting Techniques
CBM Training - 13 Feb 2014 to 10 Jun 2014 Johannesburg,Durban,Cape Town

Marketing at Retail Seminar
POPAI Marketing SA - 13 Feb 2014 Cape Town

Managing Accounts Payable
Alusani Skills & Training Network - 17 Feb 2014 to 18 Feb 2014 Johannesburg

Managing Accounts Payable
Alusani Skills & Training Network® - 17 Feb 2014 to 18 Feb 2014 Johannesburg


Quotes

Mark Twain
"The secret of getting ahead is getting started."
Edgar Cayce
"Dreams are today's answers to tomorrow's questions."
Paul Getty
"My formula for success is rise early, work late, and strike oil."
William Shakespeare
"One touch of nature makes the whole world kin."
Laurence J. Peter
"Fortune knocks but once, but misfortune has much more patience."

More quotes  Submit a Quote

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