Paolo Govetto, who is jetting off with his other half to the Big Apple, courtesy of Cadbury P.S, is overjoyed to be able to tick New York off of his bucket list. Paolo was recently announced the lucky winner of the Cadbury P.S. on-pack promotion that ran from July to the end October 2013.
Stimorol Infinity, the gum with the fun, is geared up and ready to bring Durban Ragers the not-to-be-missed ‘Infinity Dance Adventure’ on the 2nd of December. With plenty of tricks up their sleeves Stimorol is back with more colourful intrigue, fun-derful activities and the electronic headliner of the year; Madeon.
Fives Futbol, in association with Stimorol & Stretch Experiential Marketing, are bringing Africa’s largest five-a-side football and lifestyle festival to Cape Town.
e.tv and Lunch Bar proudly present SA's Got Talent 2013 winner, Johnny Apple, who, after several standing ovations from the audience and judges for his extraordinary vocal talent, beating over 6 000 hopefuls, wins a cash prize of R250 000.
Massmart stores will be closed on Sunday, 15 December
10/12/2013 - 08:37
Massmart Holdings will close its stores on Sunday, 15 December 2013.
KBL introduces responsibility platform
16/10/2013 - 09:22
Kgalagadi Breweries Limited (KBL) has taken in the quest to provide information on alcohol and responsible consumption is through their site, www.talkingalcohol.com
Woolworths reports strong results
29/08/2013 - 08:34
Highlights • Turnover up 23.2% • Profit before tax up 27.1% • Headline earnings per share up 27.3% (52 weeks: 25.3%) • Return on equity up from 46.4% to 49.7% • Cash dividend of 148 cents declared
Retail price of mealie-meal hiked, Zambia
18/07/2013 - 09:43
The retail price of mealie-meal has been increased by about K5 after millers hiked the cost of the staple food by K2 on account of the removal of fuel and maize subsidies.
Sainsbury maintains growth record as grocer outpaces rivals
12/06/2013 - 14:06
J Sainsbury Plc (SBRY), the U.K.’s third-largest supermarket chain, reported a 34th successive quarter of same-store sales growth as the grocer increased its share of the market while its main competitors all lost ground.
UK: IKEA advert featuring gnomes being smashed receives 50 complaints to watchdog
29/05/2013 - 08:04
Viewers have complained to a watchdog that an IKEA advert of gnomes being smashed is “violent, frightening and offensive”.
Zimbabwe: Lifestyle Holdings introduce TN Virtual Mart
14/05/2013 - 08:46
Diversified company Lifestyle Holdings has introduced a TN Virtual Mart — where it will deliver groceries to its clientele’s doorstep, as competition in the country’s retail sector intensifies.
Botswana: Choppies supermarket moves to acquire competitor, SupaSave
03/05/2013 - 09:52
Local Botswana retail chain, Choppies, has moved to wholly acquire one of its competitors, SupaSave, the Competition Authority (CA) revealed on Wednesday.
Lindt loses Easter bunny trademark case
02/04/2013 - 07:15
Zurich - Swiss premium chocolate maker Lindt & Spruengli has lost a court battle to protect its gold foil-wrapped Easter bunnies from imitation by a German rival.
Chocoholics drive Lindt profits
18/03/2013 - 08:26
Zurich - Swiss luxury chocolate maker Lindt & Spruengli said it was confident people would keep buying its sweet treats this year despite weak consumer sentiment in its key market, Europe.
The tech store of the future is here
28/01/2013 - 09:13
The store of the future has arrived and it is threatening to leave technology laggards behind.
Broll achieves R326 million sales for shopping centres
24/01/2013 - 10:02
Eleven properties previously owned by SA Corporate Real Estate Fund were snapped up by Fairvest Property Holdings Ltd for R326 million, revealing a welcome return of investor appetite for shopping centres within lower living standards measure (LSM) areas.
Musica hit by store closures
24/01/2013 - 09:47
Clicks Group says that its music and entertainment retailer, Musica, has been impacted by the closure of several stores.
Nambia: Construction starts on the Old Mutual Keetmanshoop Retail Centre
18/01/2013 - 09:34
His Excellency, President Hifikepunye Pohamba, on 26 October 2012 laid the foundation for the N$92 million Keetmanshoop Retail Centre, which is being developed by financial services giant Old Mutual.
November retail sales quicken to 3.4%
17/01/2013 - 07:59
Johannesburg - Growth in South Africa's retail sales quickened to 3.4% year-on-year in November compared with a revised 0.9% expansion in October, Statistics South Africa said on Wednesday.
Tesco set to sell or close all Fresh & Easy stores
07/12/2012 - 08:43
London -- Tesco CEO Philip Clarke announced Wednesday that the British supermarket retailer will likely sell or close its entire U.S. presence, which means that 199 Fresh & Easy stores could be shuttered or sold off.
Burundi coffee revenues fall 29%
21/11/2012 - 08:26
Bujumbura - Burundi's coffee revenues fell 29% in October from the month before, tracking lower international prices, the country's industry regulator said on Tuesday.
Sony suffers Moody’s cut
12/11/2012 - 08:41
Sony Corp‘s long-term debt rating was lowered one notch by Moody’s Investor Service to the lowest investment grade level because of shrinking demand for its consumer electronics.
SACSC Appoints Marius Muller as new President
06/11/2012 - 08:17
With his enthusiasm for retail, immense experience and keen collaborative values, Marius Muller has been elected and appointed President of the South African Council of Shopping Centres (SACSC).
Oil up on China non-manufacturing data
05/11/2012 - 08:14
Singapore - Crude prices rose in Asia on Monday with a pick-up in China's services industry providing support ahead of Beijing's leadership transition and the US presidential election, analysts said.
Inflation blow to India rate cut hopes
16/10/2012 - 08:00
New Delhi - India's inflation accelerated to a 10-month high, hitting 7.81% in September, data on Monday showed, diminishing chances of an interest rate cut to jumpstart a sharply weaker economy.
No success in trucker pay talks
10/10/2012 - 09:24
Johannesburg - Negotiations to end a two-week labour dispute between most truckers and employers ended without an agreement on Tuesday.
SA in for tough ride
05/10/2012 - 07:41
Cape Town - South Africans can expect a tough two years ahead as the economy feels the pinch of strikes, analysts said on Thursday.
RMB Ventures invests in Studio 88 Group
03/10/2012 - 10:21
Johannesburg - RMB Ventures‚ a private equity investor and subsidiary of FirstRand Limited [JSE:FSR]‚ has purchased a significant minority interest in The Studio 88 Group‚ one of Southern Africa’s largest independent footwear and apparel retail chains.
EDCON Store card sale to Absa approved
25/09/2012 - 08:25
The Competition Tribunal had approved the sale of Edcon’s private label store card portfolio in South Africa to Absa, as well as the long-term strategic relationship agreement with Absa, said on Friday.
South African consumers still upbeat
20/09/2012 - 08:18
Cape Town - South African consumers are maintaining an upbeat attitude, according to an index which shows consumer confidence has kept a positive year-on-year outlook.
Scan & Go puts retail self-checkout on the move
19/09/2012 - 08:21
Last week in Rogers, Ark., Walmart began testing an iPhone application that could potentially expedite and streamline the self-checkout process. The "Scan & Go" app allows shoppers to do just that — scan their items while they shop and bag them as they go. Once they have finished, shoppers take their cart full of merchandise to a self-checkout kiosk and complete their purchase through traditional payment methods.
Walgreen Shares Decline After Sales Trail Estimate
07/09/2012 - 08:32
Walgreen Co. (WAG) fell the most in more than a month after posting fiscal fourth-quarter revenue that trailed analysts’ estimates as the lack of Express Scripts Inc. customers hurt pharmacy sales.
MillerCoors Q2 net income up 9% to $436m
08/08/2012 - 09:30
Johannesburg – SABMiller [JSE:SAB] and Molson Coors Brewing have reported MillerCoors’ second quarter underlying net income rose 9.1% to $436m versus prior year‚ driven by positive pricing‚ favourable brand mix and cost management.
Samsung lifted by Galaxy sales
27/07/2012 - 08:01
Seoul - Samsung Electronics said its second quarter profit rose 48 percent over a year earlier as customers flocked to get Galaxy smartphones in the absence of competitors.
More food, beverage mergers expected
24/07/2012 - 09:09
Grant Thornton said yesterday it was positive about increased merger and acquisition (M&A) activity in the food and beverage sector, as conditions seem ripe for investors looking to expand.
Asia Pacific Breweries Surges on Heineken Bid
23/07/2012 - 08:20
Asia Pacific Breweries Ltd. (APB) surged to a record in Singapore trading after Heineken NV (HEIA), the world’s third-biggest brewer, offered as much as $6 billion for full control of the maker of Tiger beer.
Chocolate maker looks to expand
20/07/2012 - 08:49
To meet the anticipated increase in demand for its confectionery in SA, the Ferrero Group plans to increase production and employ more people, the company said yesterday.
Banks in $7.25bn retail settlement
16/07/2012 - 08:13
Visa Inc, MasterCard Inc and banks that issue their credit cards have agreed to a $7.25 billion settlement with U.S. retailers in a lawsuit over the fixing of credit and debit card fees in what could be the largest antitrust settlement in U.S. history.
Retail ‘needs BEE charter’
12/07/2012 - 08:57
The Government must introduce a broad-based black economic empowerment (BEE) charter for retailers to ensure they were fully compliant with BEE codes of practice, empowerment experts said yesterday.
Davies warns of stricter BEE codes
11/07/2012 - 08:38
Johannesburg - Trade and Industry Minister Rob Davies warned on Tuesday that black economic empowerment points would be deducted from businesses which did not invest in enterprise, supplier, and skills development.
AB InBev buys out Corona maker Modelo for $20 billion
10/07/2012 - 08:42
Brussels--Anheuser Busch InBev, the world's biggest brewer, is taking over Mexico's Grupo Modelo for $20.1 billion, giving it dominance in Latin America's second-largest economy and adding Corona, the top-selling imported beer in the United States, to its brands.
Massmart full-year sales top R61bn
05/07/2012 - 09:50
Johannesburg - South African discount retailer Massmart Holdings [JSE:MSM] reported a 16% rise in full-year sales on Wednesday, a touch above analysts' estimates, boosted by the inclusion recently acquired stores.
Best Buy Founder Richard Schulze Said to Consider Buyout
27/06/2012 - 14:03
Best Buy Co. (BBY) founder Richard Schulze is exploring taking the world’s largest electronics retailer private as he considers options that include selling his stake, according to a person familiar with the matter.
SA retailers ‘pushing for global stamp of approval’ for fish they sell
26/06/2012 - 08:50
SA’s supermarket chains were becoming increasingly aware of the importance of maintaining the health of SA’s, and the world’s, fish stocks and would soon demand Marine Stewardship Council (MSC) accreditation for the fish products they sold, the World Wide Fund for Nature SA (WWF SA) said yesterday.
Best Buy chairman, founder resigns
11/06/2012 - 09:06
More tumult at troubled retail giant Best Buy: Richard Schulze, who founded the company and has served as its director for nearly four decades, has resigned.
PnP Picks Goscor At Phillipi's DC
11/06/2012 - 08:55
Pick n Pay has made another large purchase of warehouse equipment from Goscor Lift Truck Company. This brings the total to more than 500 Crown electric material handling machines bought by the retailer from Goscor.
Share of the week: Foschini
11/06/2012 - 08:36
South Africa's second-largest clothing retailer, the Foschini group, lifted retail turnover by 17% and headline earnings a share by 23.6% in the year to March.
Kraft cooks up bubblegum biscuits to court Chinese
08/06/2012 - 08:01
There are no bad ideas inside Kraft Foods’ biscuit research laboratory in China, says director and Kraft food scientist Maggie Wang. Not even the chewing gum Oreo cookie that a colleague asked her to bite into one day.
Unhappy Easter for chocolate fan
16/05/2012 - 07:41
Johannesburg - Retailer Pick n Pay agreed to change its labelling next year after a complaint over the amount of candy-coated chocolate buttons inside an Easter egg, the Advertising Standards Authority (ASA) said on Tuesday.
Woolworths ‘top’ among listed firms
10/05/2012 - 10:09
SA’s top companies have experienced a battering in their reputations this year, a survey showed, but clothing and food retailer Woolworths emerged with the most robust reputation score, despite a controversy involving the alleged misuse of the intellectual property of a small ginger beer maker earlier in the year.
US grains drop
08/05/2012 - 08:01
US grain futures dropped on Monday as investors fled riskier assets, after Greek and French polls stoked doubts that struggling euro zone economies could continue to pursue austerity measures crucial to resolving the bloc's debt crisis.
Walmart down on bribery allegations
24/04/2012 - 07:51
Walmart Stores shares were down 3.1% in early premarket trading on Monday following an article in the New York Times this weekend alleging that the world’s largest retailer stymied an internal probe into bribery at its Mexican affiliate, Walmart de Mexico.
Clothing sector suffers fewer job losses
23/04/2012 - 10:43
Johannesburg - There has been a significant decrease in the number of jobs lost in the clothing, textile and leather sectors, the SA Clothing and Textile Workers' Union (Sactwu) said on Friday.
US: Grocer launching mobile, digital couponing system
11/04/2012 - 08:24
After a one-year pilot study of Savvy Penny, an in-store digital coupon system that uses Bluetooth technology to offer value and savings to consumers, Milam's Market in Coral Gables, Fla., is rolling out the loyalty solution that delivers two-way interactive promotions directly to the consumer at the point of sale through touchscreens on the store shelf, according to a company press release.
SA maize deficit looms on Mexico exports
26/03/2012 - 08:26
Johannesburg/Hamburg - South Africa has committed an additional 400 000 tonnes of maize exports to drought-stricken Mexico, a scenario that will likely push Africa’s largest corn producer into a deficit situation this marketing season and propel domestic food prices higher.
Grain SA wants to address government
12/03/2012 - 07:36
Bothaville - South Africa’s grain farmers can certainly produce sufficient food for the country. On the other hand, political rhetoric and generalisations about the agricultural sector must end.
Walmart decision is due today
09/03/2012 - 08:50
Johannesburg - The Competition Appeal Court will release its judgment today on the review of the Walmart-Massmart merger.
M&S and Sainsbury's buck consumers' indifference to brands
05/03/2012 - 08:53
Only 5% of British people would care if brands did not exist, according to research by Havas and MPG that placed Marks & Spencer and Sainsbury's in the world's top 10 "meaningful" retail brands.
Atterbury develops flagship ‘green’ Pick n Pay in Roodepoort
28/02/2012 - 08:42
In an innovative joint venture Atterbury Properties and Pick n Pay will create a R160 million flagship 10,000sqm next-generation ‘green’ store for the leading retailer.
Massmart delivers strong sales and earnings growth
22/02/2012 - 09:34
• Sales up 15%, headline earnings up 21,1% , underpinned by increase in cash generated from operations • Strong volume growth indicative of market share gains
Pick n Pay Gets Top Retail Specialist
20/02/2012 - 09:25
Cape Town-based Pick n Pay announced the appointment of Rod Salmon, who will take the position of Divisional Manager, General Merchandise at the retailer from 1 March 2012.
Tiger Brands' underlying assumptions for update
20/02/2012 - 08:54
Tiger Brands, in trading update on Feb 14, 2012, advised that, despite difficult trading conditions, headline earnings per share were expected to show satisfactory growth for the year ending 30 September 2012 as compared to the 2011 reported earnings.
Woolies eyes Pick n Pay’s food trolley
17/02/2012 - 13:40
High-end retailer Woolworths will be opening 10 new bigger-format supermarkets in the medium term, CEO Ian Moir said yesterday, the first of which will be on William Nicol Drive in Bryanston, Johannesburg, the street where competitor Pick n Pay has set up its premium offering.
Kellogg to Buy Procter & Gamble’s Pringles for $2.7 Billion
16/02/2012 - 10:06
Kellogg Co. (K) agreed to acquire Procter & Gamble Co.’s Pringles potato chip business for about $2.7 billion in cash to triple its global snacks sales after a deal with Diamond Foods Inc. (DMND) fell through.
Nestlé Forecasts Higher 2012 Earnings After Sales Beat Analysts’ Estimates
16/02/2012 - 09:42
Nestle SA (NESN), the world’s biggest food company, reported 2011 sales growth that beat analysts’ estimates and forecast higher 2012 earnings as it introduces products such as the Nescafe Alegria coffee maker.
Consumer Confidence in U.S. Increases for a Second Week in Bloomberg Index
03/02/2012 - 08:31
Consumer confidence in the U.S. climbed for a second week as Americans became less pessimistic about the prospects for the world’s largest economy.
Swazi Pick n Pay boycotts suppliers
01/02/2012 - 09:28
In a rare case of consumer empathy, retailer Pick n Pay has reportedly boycotted some of its suppliers who did not agree “to drop their prices so that customers can benefit”.
Kraft’s Brazil Chocolate Seen as Template After Spinoff: Retail
30/01/2012 - 09:00
Investors searching for insights into Kraft Foods Inc.’s (KFT) strategy once it splits in two this year may want to consider a 100-year-old Brazilian chocolate brand called Lacta.
20/01/2012 - 13:53
Southern Comfort, the Brown Forman-owned spirits brand, has launched a Facebook campaign featuring the fictional New Orlean's music legend, 'Baron Jazz'.
Sugar, coffee rise
18/01/2012 - 10:22
Arabica coffee futures on ICE rose on Tuesday, boosted by a softer dollar and increased risk appetite following better-than-expected Chinese economic growth data.
Workers at Unilever UK set to strike
17/01/2012 - 07:52
British workers at Unilever plan to escalate strike action this week with 11 days of rolling stoppages starting on Wednesday in a dispute over plans to axe the consumer goods group's final-salary pension scheme.
Cocoa hovers near 8-week high
13/01/2012 - 08:21
Cocoa futures on ICE hovered below an 8-week high on Thursday, as the market consolidated after this week's steep rally fuelled by a slowdown in port arrivals in top producer Ivory Coast.
Olympus board vows to quit
12/12/2011 - 08:58
The entire board of Japan’s Olympus has signalled its plan to quit — possibly as early as February — over a $1,7bn accounting fraud, and to set up an outside committee to advise whether to sue those responsible.
Unilever builds green food plant in Durban
12/12/2011 - 08:54
Unilever, the global fast-moving goods supply group, has built a R670m savoury dry food plant at Riverhorse Valley in Durban, according to chairman of Unilever SA, Marijn van Tiggelen.
France fines washing powder firms
09/12/2011 - 08:25
Paris/Frankfurt - France’s competition authority slapped fines totalling $484m on Colgate Palmolive, Henkel and Procter & Gamble for fixing prices of washing powder in France from 1997 to 2004.
SABMiller eyes Kenya's premium beer segment with Miller Genuine Draft
08/12/2011 - 09:00
SABMiller will introduce its third beer, Miller Genuine Draft, in Kenya on 8 December, aiming at the premium segment of the local beer market which is currently catered to by rival beer brands Heineken and Tusker Malt.
Cocoa prices fall on Europe concerns
08/12/2011 - 08:54
Cocoa has hit its lowest level since December 2008 on the back of the sovereign debt crisis in Europe and increased supplies from West Africa according to commodity analysts familiar with the industry.
Massmart achieves best performer status in latest JSE SRI Index
07/12/2011 - 10:44
Massmart has been recognised as one of the best performers in the medium environmental impact category of the JSE’s 2011 Socially Responsible Investment (SRI) Index, the results of which were announced yesterday (6 December 2011). According to the results, the group's environmental and climate change practices were recognised as constituting best practice.
Kraft to invest in chocolate in India
06/12/2011 - 08:28
Kraft Foods has boosted spending in India by more than half, targeting annual sales growth of 30 percent for chocolate, a product it expects to resist any consumer slump.
Wasteful consumer goods stress the planet
01/12/2011 - 09:04
Words by Pierre Heistein, the convener of the UCT applied economics for smart decision-making course The main focus of the UN climate conference currently being held in Durban will be on how the world economy can go about reducing its levels of greenhouse gas emissions.
Top retailers avoid equity BEE partners
28/11/2011 - 08:35
Politically connected empowerment’s usual suspects are missing out on a combined market capitalisation of more than R160 billion as they are shunned by top JSE-listed retailers, which have chosen to rather give stakes to their staff and support struggling black entrepreneurs.
Australia approves Foster's takeover
28/11/2011 - 07:50
Sydney - Australia on Friday approved brewer SABMiller's AU$9.9bn takeover of Foster's, but with strict conditions that will see key operations remain in the country.
Champagne Deutz to implement new brand representation strategy in US
25/11/2011 - 08:58
French champagne producer Champagne Deutz will implement a new Regional Representation strategy beginning 2012, allowing importers / distributors outside the Champagne Louis Roederer network to represent the brand in the US.
Coffee Supply Crunch Spurring Rebound After Folgers Price Cut: Commodities
23/11/2011 - 10:19
Coffee’s biggest slump in three years may be ending as weather damages crops from Colombia to Indonesia, reducing U.S. inventories to the lowest since 2000 just as Kraft Foods Inc. and J.M. Smucker Co. cut prices.
World premiere: instant genuine-or-fake authentication
17/11/2011 - 11:05
AlpVision has made a big step forward in providing mobility for on the fly “Genuine or Fake” verification of molded parts with an iPhone4 mobile device. The application is suitable for many items, for example for fast-moving consumer goods containers for liquid, powder or tablets, which are present in millions of stores worldwide. Molded parts are heavily used in toys, footwear, home appliances, circuit breakers and many other products in industrial and consumer markets.
CPA 'plain language' poser
16/11/2011 - 08:28
The Consumer Protection Act's requirement that information about products and services be presented to consumers in "plain and understandable" language, is challenging lawyers to find a legally acceptable consensus on how such language can be defined and applied in a way that complies with the law.
Retail September trade growth seen at 6.5%
15/11/2011 - 10:33
Growth in SA’s retail trade sales at constant (2008) prices for September is expected to lose momentum to a decrease of 6.5% year on year (y/y), from a y/y growth of 7.1% in August, according to a survey of leading economists by BusinessLIVE.
Tiger Brands forecasts higher profits
15/11/2011 - 10:23
Branded fast-moving consumer packaged goods company Tiger Brands (TBS) said on Tuesday that it expected headline earnings per share (HEPS) to reflect an increase of between 10% and 15% for the year ended September 2011, from R13.93 previously.
E.coli found in imported cheese
10/11/2011 - 08:45
Johannesburg - Almost 22 tonnes of imported Irish cheddar cheese was destroyed last week because it was contaminated with E.coli bacteria, the Milk Producers' Organisation (MPO) said on Wednesday.
Spar Group reported a 3.3% rise in diluted headline earnings per share
09/11/2011 - 16:00
South African grocery chain Spar Group on Wednesday reported a 3.3% rise in diluted headline earnings per share to 522.8 cents for the year ended September 2011 from 506.3 cents a year ago
Nampak forecasts higher profits
08/11/2011 - 08:59
Packaging group Nampak (NPK) advised on Monday that its headline earnings per share for the year ended September 2011 from continuing operations, are expected to be between 15% and 25% higher than the 142.2 cents per share in 2010.
Europen issues green paper on packaging and sustainability
07/11/2011 - 09:58
A new green paper published by Europen has emphasized packaging’s role in achieving a ‘resource efficient’ society.
South African businesses sign procurement accord to boost local manufacturing
03/11/2011 - 09:54
South African businesses have signed an accord with government, unions and civil society, aimed to help the struggling manufacturing sector.
Softer market hits Mondi growth
01/11/2011 - 08:28
Maintenance shutdowns reduce underlying operating profit, moderated selling prices in softer market partly offset by lower input costs
Pack designs alter due to changing shopping behaviours
11/10/2011 - 09:45
Brands (in the UK) are altering their pack designs to adapt to changes in consumer behaviour due to continued economic uncertainty, according to an industry expert.
Cadbury to launch confectionery range in new packaging
05/10/2011 - 10:53
UK-based brand and packaging design agency Slice Design has created a new look for Kraft Foods' Cadbury’s range of Christmas confectionery.
Grain and oilseeds joint venture in South Africa to go ahead
03/10/2011 - 13:45
The Competition Commission has approved a joint venture agreement between Bunge SA and Senwes Limited and has issued a merger clearance certificate.
Walmart and Massmart launch another extended price cut promotion, building on momentum of first campaign
03/10/2011 - 11:35
Following the launch of South Africa’s first 10-week price cut promotional campaign in July, which saved consumers over R50 million, Massmart and Walmart are launching another extended campaign which will run from 2 October to 4 December 2011 at various stores.
Growing the mushroom business
28/09/2011 - 09:56
Denny Mushrooms, recently sold by AVI as branding mushroom products was no longer viable in the face a wide range of cheaper imported products, will look to grow its business by increasing sales among upper-income black consumers.
Boost for BOS brand
28/09/2011 - 09:17
Local ice-tea brand gets a boost with news that Manchester United manager Sir Alex is taking a 10% stake, InVenFin part of investment giant Remgro is taking 20%
Agricultural exporters fume at port tariff hikes
26/09/2011 - 08:18
Agriculture exporters are up in arms over proposed new port tariffs, saying additional costs will have a detrimental effect on the industry’s competitiveness and the economy as a whole.
PepsiCo toasts agricultural partnership with Chinese government
23/09/2011 - 11:24
PepsiCo has signed a Memorandum of Understanding with the Ministry of Agriculture of the People's Republic of China to promote "sustainable agriculture projects".
World’s poorest face soaring food prices
23/09/2011 - 10:23
Report warns new round of food inflation with severe hikes in the price of basic foodstuffs is plunging many of the world’s poorest people into deeper poverty and into situations of severe hunger and malnutrition
Bunge-Senwes deal passed
23/09/2011 - 10:16
The Competition Commission has approved a joint-venture agreement between global agribusiness and food company Bunge Europe and South African agribusiness company Senwes to develop grain and oilseed operations in SA.
Russian wheat seeks new markets
21/09/2011 - 10:15
Russian wheat exporters aim to ramp up sales to nascent markets such as South America due to their cheap price edge, which may also give a boost to freight rates which are struggling with a ship glut.
Ububele profits down
16/09/2011 - 12:34
Ububele Holdings on Thursday posted a drop in headline earnings per share from continuing operations to 4.75 cents in the year ended June, from 8.30 cents previously.
Consortium buys Denny Mushrooms
15/09/2011 - 10:43
A consortium consisting of key management members, RMB Ventures and Pan-African Private Equity Fund 1 have concluded a management buyout of Denny Mushrooms.
Confectionery sector leads launch activity in first half of 2011
13/09/2011 - 08:31
Innova Market Insights reports that confectionery was the leading food and drinks sector in terms of global launch activity in the first half of 2011. This occurred despite the industry having a rough ride in 2010, as a result of rising prices in the wake of increasing raw material costs, particularly for cocoa and sugar.
Standard Bank sees sugar output growth in Africa
12/09/2011 - 09:38
South Africa's Standard Bank expects sugar production in Africa to grow, supported by increased demand and firmer prices, its head of investment banking said.
Tiger Brands Can Use Debt as ‘Firepower’ for African Purchases, CEO Says
09/09/2011 - 10:10
Tiger Brands Ltd. (TBS), South Africa’s largest food company, said it can boost its levels of debt to make acquisitions across the continent as it expands outside its home market.
Clover forecasts higher profits
09/09/2011 - 09:03
Clover Industries (CFR) said on Thursday that headline earnings per share for the 2011 financial year were likely to increase to 113.84 cents from 33.07 cents previously.
Strong consumer demand boosts AVI
05/09/2011 - 12:55
Johannesburg - Branded consumer products group AVI [JSE:AVI] on Monday reported a 31.1% rise in diluted headline earnings per share (Heps) from continuing operations to 239.7 cents for the year ended June 2011, from 182.9c a year ago. Heps from continuing operations was up 31% to 248c.
Denny Mushroom merger approved
02/09/2011 - 16:09
Johannesburg - The Competition Tribunal has approved the merger between Blue Falcon and Denny Mushrooms.
GI and Diabetes SA endorsement logos get official approval
26/08/2011 - 10:55
The GIFSA and Diabetes SA endorsement logos have been officially approved by the Dept of Health, reports Jan Delport of the GI Foundation of South Africa. R146, the new labelling regulations, requires all food endorsement logos to get approval from the DoH.
Country Bird posts profit increase
24/08/2011 - 08:14
Poultry producer Country Bird Holdings (CBH) on Tuesday posted a 178% rise in diluted headline earnings per share to 64.57 cents for the year ended June, from 23.25 cents in the previous comparable period.
Shoprite beats profit expectations
23/08/2011 - 10:33
Johannesburg - Shoprite Holdings, Africa's biggest grocery retailer, beat analysts estimates with a 12.4% rise in full-year profit, as lower interest rates and a tentative economic recovery boost consumer spending.
Kraft Foods: going separate ways
19/08/2011 - 11:38
Last week Kraft Foods announced its intention to split into a global snacks business with estimated sales of US$32bn and a US grocery business with
The search is on for SA's best olive oils
19/08/2011 - 09:39
South Africa’s top olive oils have just been put to the test at the Nederburg Auction Complex in Paarl during the judging of the sixth olive oil competition presented by SA Olive, the voluntary association representing the SA olive industry. Exciting news is that an internationally renowned judge has joined the formidable South African judging panel. In addition, the competition drew 58% more entries than previous years.
Two major newcomers plan to spice up SA's FMCG food market
17/08/2011 - 15:59
SA’s fast-moving consumer goods (FMCG) market is set for a shakeup. At the retail level Walmart will see to it. At the product-supply level two new foreign entrants, Iffco Worldwide and Diplomat, aim to do the same, reports The Financial Mail.
SABMiller make new offer for Foster’s
17/08/2011 - 08:40
SABMiller has made a new offer to acquire the Australian brewer after the original offer was rejected
Bright Food Says It’s Agreed to Buy Majority Stake in Australia’s Manassen
15/08/2011 - 10:29
Bright Food Group Co., China’s second-largest food company, agreed to buy a majority stake in Australia’s Manassen Foods.
Nestle’s Biggest Takeover in China Creates 23% Return at No Risk: Real M&A
15/08/2011 - 10:17
Nestle SA’s biggest acquisition in China is giving traders a chance to reap a 23 percent profit without the risk of losing any money on the deal.
Tanzania mobile users up 20%
15/08/2011 - 09:39
Tanzania's mobile phone subscribers rose 20 percent to 21 million last year, but low tariffs due to a vicious price war are expected to diminish the appetite for investment in the telecoms sector, industry officials said.
Warning of spike in commodity and food prices
15/08/2011 - 09:32
South Africans should brace themselves as commodity and food prices are expected to be a lot higher next year, driven mainly by unreliable weather, the Bureau for Food and Agricultural Policy says.
Are private label brands a threat to national brands?
12/08/2011 - 15:49
It’s a question that may keep many marketers and brand managers awake at night – are private label brands encroaching on national brands? The answer is yes, and no, according to Dr Magda Nenycz-Thiel, a senior researcher from the Ehrenberg-Bass Institute for Marketing Science at the University of South Australia.
Starbucks Supplier May Buy Instant Coffee Maker
12/08/2011 - 09:33
Tata Coffee Ltd, Asia’s largest publicly traded grower of the bean, plans to spend more than five billion rupees ($110 million) to acquire an instant coffee maker in Europe in a bid to boost profit margins.
Rosenfeld wakes market with Kraft split plan
08/08/2011 - 09:27
Kraft Foods Inc (KFT.N: Quote) CEO Irene Rosenfeld ended her victorious five-month battle for British chocolatier Cadbury last year saying she wanted a good night's sleep.
Is Augmented Reality right for your brand?
05/08/2011 - 08:56
Augmented reality (or "AR," is it?) is the next "it" when it comes to marketing. Big time players like BMW, Ben & Jerry's Ray-Ban, and eBay -- and even those without a "B" in their name, such as Audi -- are jumping on the augmented reality bandwagon.
Adcock Ingram acquisition of NutriLida gets Competition Commission Approval
04/08/2011 - 15:10
Adcock Ingram has been given unconditional approval by the Competition Commission to acquire Johannesburg-based supplements business NutriLida Healthcare. The acquisition, which comes into effect on 1 August 2011, will further strengthen Adcock Ingram’s position as the leader in the vitamins, minerals and supplements (VMS) market, while increasing its market share in the broader fast moving consumer goods (FMCG) market.
Expert: Walmart gives SA global reach
27/07/2011 - 10:16
Johannesburg - South Africa is not benefiting from "global value chains", but Walmart's acquisition of Massmart Holdings offers some hope, Professor Stephen Gelb of the University of Johannesburg said on Tuesday.
Walmart to sell SA hake
26/07/2011 - 10:31
Johannesburg - Lonrho's seafood division Oceanfresh is to supply hake fillets to Walmart stores in the US from October, it said on Monday.
Kellogg’s real people, real lives, real stories
25/07/2011 - 14:06
When you want to hear the truth, get it straight from your target market’s mouth! That’s the premise of Kellogg’s All-Bran’s new television campaign, featuring real brand advocates.
Govt doesn't want to block Walmart deal
25/07/2011 - 10:44
Johannesburg - Government is not seeking to overturn competition regulators' approval of Walmart buying control of local retailer Massmart Holdings, but wants tougher conditions for the deal, the Business Day newspaper reported on Monday.
Walmart deal hits Massmart profit
25/07/2011 - 09:53
Retail group Massmart Holdings said on Monday it is expecting headline earnings per share of between 397c and 442.4c for the 52 weeks to June 26 2011.
State won't veto Walmart deal - official
22/07/2011 - 14:04
Cape Town - The government is not considering a veto of the Walmart-Massmart merger, but believes public interest concerns make a review essential, economic development director-general Richard Levin told MPs on Thursday.
State’s court bid to undo Walmart merger
21/07/2011 - 11:04
IN A move that will set alarm bells ringing in the minds of potential investors, the government is seeking to overturn the Competition Tribunal’s decision to allow Walmart’s takeover of Massmart .
Illovo expands green power projects
21/07/2011 - 10:00
ILLOVO Sugar, Africa’s largest producer, is growing its biofuels and power generation capacity as it expands production outside SA.
Caturra Coffee Company offers 100% compostable packaging
21/07/2011 - 08:58
Caturra Coffee Company allies with Natureflex™ films to offer 100% compostable packaging to FMCG and the Horeca Industry
Walmart/Massmart merger legislation sufficiently robust to protect interests of all stakeholders
20/07/2011 - 15:48
In line with the revised parliamentary portfolio committee hearing rules announced by the Chairperson of the portfolio committee at the start of proceedings yesterday, Massmart CEO Grant Pattison’s submission before parliament today dealt primarily with the competition approval process, while highlighting some of the merger benefits.
Walmart pledges to spend R60bn on food
20/07/2011 - 14:30
Cape Town - Walmart's South African operations plan to purchase R60bn worth of food locally and employ 15 000 people over the next five years, Massmart CEO Grant Pattison said on Wednesday.
Woolworths profit to jump
19/07/2011 - 09:23
Johannesburg - Retailer Woolworths Holdings has reported group sales increased 9.4% for the year ended June 26 2011, with sales in comparable stores up 6.3%.
Massmart announces senior appointment to head up R100 million Supplier Development Programme
15/07/2011 - 10:01
In line with Massmart and Walmart’s commitment to develop local suppliers, Massmart announced the appointment of Mncane Mthunzi, current CEO of the Consumer Goods Council of South Africa (CGCSA), as Supplier Development Executive.
Walmart hearing may launch debate on new laws
14/07/2011 - 10:45
LOCAL competition attorneys plan to use next week’s parliamentary hearing into Walmart’s takeover of Massmart as an opportunity to warn against meddling with the country’s antitrust legal framework.
AVI sells Denny Mushrooms
13/07/2011 - 10:53
Johannesburg - Food group AVI will sell 100% of the issued share capital of and AVI's shareholder claims against Denny Mushrooms to Blue Falcon 134 Trading.
Massmart wants 100% of Fruitspot
12/07/2011 - 14:36
South African discount chain store Massmart , majority controlled by US giant retailer Wal-Mart , is looking to take over fruit and vegetable supplier The Fruitspot, a spokesman said on Tuesday.
Nestlé buys 60% of Chinese confectioner
12/07/2011 - 08:56
Singapore - Nestlé, the world’s largest food company, is paying a hefty $1.7bn for a 60% stake in confectioner Hsu Fu Chi International to move deeper into fast-growing markets in China.
Massmart sales up 12% over past year
11/07/2011 - 09:15
Johannesburg - Retailer Massmart Holdings said on Thursday that for the 52 weeks to 27 June 2011, total sales increased to R53bn - growth of 11.7% over the prior period - and comparable store sales grew 5.2%.
“Walmart effect” in South Africa as Pick n Pay supermarket to cut over 3000 jobs
11/07/2011 - 08:49
8 July 2011 - Nyon, Switzerland: UNI Global Union said today that the announcement from South African supermarket chain Pick n Pay that it plans to cut about 3137 jobs from its workforce is a clear sign of the “Walmart effect” it believes the world’s biggest retailer will have on South Africa as it prepares to enter the country.
SA retailers lose allure after Walmart
08/07/2011 - 16:42
Johannesburg - After a stellar run in the months leading up to US retailer Walmart’s R16.5bn bid for Massmart, South African retailers are now seen offering little value to investors.
Retailers: Beating Multinationals at their Own Game
06/07/2011 - 15:03
Walmart, the world’s largest retailer, is going ahead with its R16-billion acquisition of Massmart’s operations in South Africa, over the next five years. “Its entry poses major challenges for new and existing retailers locally, but it also presents opportunities for growth in terms of new technologies, improving supply chain efficiencies, global outsourcing and lower food and consumer goods prices,” says John Thomson, Managing Director of Exhibition Management Services, organisers of the Southern African International Trade Exhibition (SAITEX).
Massmart eyes online retail
05/07/2011 - 10:54
Massmart, which has just merged with US retail giant Walmart, is slowly gearing up to enter the burgeoning market of online retailing.
How to Survive and Thrive when New Competition Comes to Town
05/07/2011 - 00:00
Walmart’s entry into South Africa is set to have a profound and far-reaching impact on Africa’s retail supply chain. What are some of the ‘must do’s’ that every retailer will have to action to survive? How can smaller retailers meet the challenge? What will be the benefits and disadvantages of Walmart’s presence in the South African market? How will that impact local retailers?
Coega to include dairy plant
04/07/2011 - 07:48
Johannesburg - The Coega Development Corporation (CDC) will launch a dairy processing plant with an initial investment of R50m in September, it said on Wednesday.
Cosatu guns for Walmart, youth subsidy
01/07/2011 - 09:45
Johannesburg - Trade union federation Cosatu said on Thursday it is determined to see labour brokers banned, and said organised labour is facing two new threats in the form of Walmart and the youth wage subsidy.
Tribunal: Walmart will create jobs
30/06/2011 - 12:34
Johannesburg - Walmart's acquisition of a majority stake in Massmart Holdings raised no competition concerns, but did raise some public interest issues, the Competition Tribunal said on Wednesday.
What can The Cloud offer the FMCG world?
28/06/2011 - 13:32
Tighter margins and the constant need to reduce costs is placing enormous pressure on FMCG companies, who not only now compete in an environment of intense global competition, but who also need to shift fresh goods across an increasingly complex and often disjointed global supply chain.
Union pursues Walmart appeal
28/06/2011 - 13:07
Johannesburg - The South African Commercial Catering and Allied Workers' Union (Saccawu) has filed an appeal against the already-approved takeover of local retailer Massmart Holdings by US retail giant Walmart.
New tech for old fruits
28/06/2011 - 11:54
Green Cell Technologies' enhanced extraction process has transformed the fruit juice manufacturing industry.
Bribery Act spells trouble for UK food exporters
28/06/2011 - 11:39
A top lawyer has expressed concern that the UK's pending Bribery Act could lead to difficulties for food manufacturers exporting or producing abroad, especially to ‘high risk’ countries.
Morrison named CEO at Campbell Soup
27/06/2011 - 08:46
As expected, Campbell Soup Co. named Denise Morrison president and chief executive, effective Aug. 1, succeeding Douglas R. Conant, who served more than 10 years in that role, the company said Thursday.
Customers to realise immediate benefits from Walmart investment in Massmart
27/06/2011 - 07:29
Early start to the principle of “saving people money so they can live better”, a goal to create 15,000 new jobs and an additional R60 billion in food and FMCG procurement.
AVI sees earnings rise of at least 23%
23/06/2011 - 12:00
Johannesburg - Consumer group AVI expects consolidated headline earnings per share for the year to June to increase by between 23% and 33%, compared with the previous year.
Lovely lolly for Lamberti - Walmart deal brings in R249m to the top three at Massmart
23/06/2011 - 09:18
MARK Lamberti, chairman of Massmart, Grant Pattison, the CEO, and Guy Hayward, the CFO, cashed in shares worth R249-m as Walmart consummated its offer for 51% of the shares of Massmart.
Interview with Dale Good, CEO of GLS Supply Chain Equipment
23/06/2011 - 08:45
Last week we had the opportunity to sit down with Dale Good, CEO of GLS Supply Chain Equipment, and talk about the current state of distribution and logistics in South Africa. He gave us exclusive insights into the industry and offered his advice on how SA can optimise its operations and in doing so catch up with its foreign counterparts.
Wage talks deadlock
22/06/2011 - 12:34
Wage negotiations in the chemical, wood and paper sectors have deadlocked, the Chemical, Energy, Paper, Printing, Wood and Allied Worker' Union (Ceppwawu) said on Tuesday.
Not intended for sale in SA
22/06/2011 - 10:42
SHARP-eyed shoppers may have noticed some unfamiliar brands, or different variants of well-known brands, on the shelves in Shoprite/Checkers stores lately.
Retail sales rise sharply in bumper April
20/06/2011 - 08:16
Retail sales rose sharply in April, with annual growth jumping to 9.8 percent from 5.3 percent in March and far surpassing a consensus forecast of a 5.1 percent rise.
Squeeze on Shoppers Continues into May, state Synovate Retail Performance
15/06/2011 - 14:38
The latest footfall data from Synovate Retail Performance post further disappointing news for retailers. The UK Retail Traffic Index (RTI), the national indicator of non-grocery store footfall, shows that shopper numbers fell by 4.0% in May against the same month of 2010. Against April, there was a 3.4% decline.
Woolworths shares fall
14/06/2011 - 10:45
Shares of South Africa's Woolworths drop 2.6 percent as the retailer enters a closed period in which it will repurchase ordinary shares worth up to 500 million rand ($73.48 million).
Brics to welcome new African trade area
14/06/2011 - 10:36
Johannesburg - The $1 trillion agreement to create a free trade bloc of African countries, signed by African leaders over the weekend, would serve as a considerable boost to the Brics accord, said Miller Matola, CEO of the International Marketing Council, on Monday.
Namibian court okays Wal-Mart's deal
13/06/2011 - 14:26
Wal-Mart has been given the go-ahead by a Namibian court to implement its $2.4 billion takeover of South African retailer Massmart pending an appeal to have conditions attached to the deal, a newspaper said on Friday.
The Power of On-Pack Cross Promotions
07/06/2011 - 14:52
Research commissioned by the Point of Purchase Advertising Institute, the global organisation for marketing in retail shows that not more than 50% of marketing budgets are allocated to below-the- line advertising when this is in fact where purchasing decisions are made.
Cadbury Dairy Milk to go Fairtrade in South Africa: a totally African Affair
07/06/2011 - 09:35
Johannesburg, South Africa, 7 June. Fairtrade Label South Africa (FLSA), the national member of Fairtrade International, and Fairtrade Africa, the network of African producer organisations, are pleased to confirm today that Kraft Foods much-loved chocolate slab, Cadbury Dairy Milk [plain], is to become the first Fairtrade certified confectionery brand in South Africa. Slabs carrying the FAIRTRADE Mark are due to appear on shelf towards the end of the year.
Old Mutual Trophy Wine Show 2001 Awards - An Unsurprising Surprise
06/06/2011 - 15:06
In the most closely contested race since the inaugural event in 2002, Spier edged ahead of Thelema Mountain Vineyards to take the Fairbairn Capital Trophy for the Top Producer at the 2011 Old Mutual Trophy Wine Show.
Walmart to focus on SA culture
06/06/2011 - 10:18
Cape Town - Walmart was apparently not surprised to find, in its research on South Africa, that most South Africans did not know the company at all.
Animal health tender won
03/06/2011 - 12:14
Cipla Agrimed, an animal health company, won a tender last month to supply all the nine provinces with several animal health products. Jerome Smith, the chief executive of holding firm Cipla Medpro, said yesterday.
6000 fishing workers on strike
03/06/2011 - 11:38
About 6000 Food and Allied Workers' Union members in the pelagic fishing sector will embark on a legal strike at various plants on the West Coast, in Gansbaai and Hout Bay, on Friday at noon, the union said.
Pyro Inspiration Awards third round selection
03/06/2011 - 10:33
Pyrotec has announced the third round of finalists for the 2011 Pyro Inspiration Awards, which aims to award innovative and exceptional on-pack devices.
Walmart to focus on frozen foods
03/06/2011 - 08:16
Rogers, Arkansas - As Walmart expands its international business, the company wants to bring ideas from Massmart Holdings [JSE:MSM] to other markets, company executives said on Thursday.
ASDA-IPL provides support to emerging South African table grape farmers
31/05/2011 - 08:06
BENTONVILLE, Ark., May 30, 2011: Walmart businesses ASDA and IPL, in conjunction with the South African Table Grape Industry (SATI), recently facilitated a visit of emerging table grape farmers to the United Kingdom.
Rise in factory gate prices eases
26/05/2011 - 08:03
Johannesburg - Producer price inflation - or the increase in factory gate prices - slowed to 6.6% year-on-year (y/y) in April, from 7.3% in March, Statistics SA said on Thursday.
Piracy scourge ‘raises costs for shipping groups’
26/05/2011 - 07:50
ESCALATING piracy along the east coast of Africa was having a "material" effect on the costs of shipping companies operating in the region, according to Grindrod CEO Alan Olivier.
Flat year for Adcorp but market share is up
26/05/2011 - 07:22
Employment services company Adcorp reported flat headline earnings for the year to February yesterday and conceded that the year had been challenging as a result of sustained political and regulatory pressure on labour broking.
Inflation subdued on food price drop
19/05/2011 - 07:58
INFLATION rose more slowly than expected last month, subdued by a surprise fall in food prices and fanning hope that price pressures may not build as fast as feared this year.
Del Monte Nabs Hershey's CEO
19/05/2011 - 07:44
Hershey Co.'s chief executive, David J. West, is departing for a considerably smaller and arguably less glamorous company but one that could provide a bigger payday down the road.
Campbell’s Cuts Packaging, Creates More Waste
13/05/2011 - 10:10
Campbell’s saved more than 4.5 million pounds of steel, plastic and paper packaging materials in 2010, but its waste disposal rate was up 15 percent, according to the firm’s latest corporate social responsibility report.
New jobs scarce in Western Cape
12/05/2011 - 08:14
Cape Town - The Western Cape economy is showing healthy growth, as indicated by the Sake24 and BoE Private Clients latest barometer information for March.
Massmart Walmart Merger - Summary of 10 May court proceedings
11/05/2011 - 08:41
With the third day of the Competition Tribunal Hearings into the Massmart Walmart merger underway, we have compiled a summary of the proceedings.
Tesco defector McCann exits Carrefour
06/05/2011 - 14:02
Former Tesco director James McCann has left Carrefour after less than 18 months with the French retail giant.
Vietnam coffee prices hit all-time high -traders
04/05/2011 - 11:45
Vietnamese robusta coffee prices rose nearly 3% on domestic markets in the past week to an all-time high of 50 million dong ($2424) a tonne on Wednesday, tracking gains in London robusta futures markets, traders said.
Zambia regulator clears Shoprite
31/03/2011 - 00:00
Lusaka - Zambia has cleared Africa's largest grocer Shoprite Holdings [JSE:SHP] over allegations of threatening to blacklist suppliers who dealt with its rival Pick n Pay Stores [JSE:PIK], the regulator said on Tuesday.
Australian Federal Court hearing regarding sale of Franklins to Metcash kicks off
14/03/2011 - 00:00
[Cape Town, 14 March 2011] The hearing of the Australian Competition and Consumer Commission's application for an injunction to prevent Metcash acquiring Franklins commenced in the Federal Court of Australia in Sydney on Monday 14 March.