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Dunavant diversifies to buying maize, soya beans, Zambia
16/10/2013 - 11:30
NWK Agri-services, formerly Dunavant Zambia, has diversified its commodity buying opportunities from cotton to soya beans and maize.
North West province declares drought, South Africa
23/09/2013 - 11:30
Johannesburg - The North West province on Wednesday declared there was a drought across its whole territory, an important maize growing region.
Change in maize market competition
12/08/2013 - 09:17
Buenos Aires - China has approved its first major shipment of genetically modified Argentine maize, Buenos Aires officials said last week, signalling an increase in competition for a market long dominated by US exporters.
SA maize rises most in two months
02/05/2013 - 10:03
Johannesburg - South African corn futures rose the most in more than two months after US prices gained as a government report showed cold and wet weather slowed planting.
SA cuts maize forecast
26/04/2013 - 10:40
Johannesburg - South Africa, the continent’s biggest corn producer, cut its forecast for output of the grain by 1.6 percent because of drought in some growing regions, the Crop Estimates Committee said.
SA maize falls most in one week
16/04/2013 - 08:03
London - South African corn futures declined the most in more than a week as prices for the grain decreased in the US, the world’s largest producer, on concern demand from China will weaken.
SA maize gains for fifth day
19/02/2013 - 09:15
Johannesburg - South African corn futures rose for a fifth day because of a lack of rain in the country’s main growing regions.
Namibia: locally produced sunflower ready for retail
14/02/2013 - 09:58
WINDHOEK – The Shadikongoro Irrigation Project is ready to put its first batch of sunflower oil on the shelves of stores, following months of hawking the much sought-after product at street markets in Rundu.
SA maize, soybeans prices fall
12/02/2013 - 09:19
Johannesburg - South African corn futures fell to the lowest level in more than 11 months after the US Department of Agriculture raised estimates for world inventories. Soybeans declined.
No food price fireworks ahead - economists
11/02/2013 - 09:11
Johannesburg - There won’t be food price fireworks this year, but the cost of locally produced fresh produce like fruit and vegetables could potentially soar because of increased labour wages, proposed electricity hikes and surging fuel prices.
Maize falls to 8-month low
05/02/2013 - 08:15
Johannesburg - South African corn futures fell to the lowest in more than eight months as the rand gained against the dollar on February 1, reducing the cost of imports.
Zambian Government launches “Operation Flood the Market” to stabilise Mealie Meal prices
20/12/2012 - 11:33
The Government has through the Food Reserve Agency (FRA) has embarked on a special exercise called Operation Flood the Market under which it will offload 112,860 tonnes of maize to millers across the country.
Tiger Brands to up stake in Nigeria
22/11/2012 - 08:47
Johannesburg - Consumer goods group Tiger Brands [JSE:TBS] is offering to buy out some minority shareholders in Nigeria's Dangote Flour Mills as it expands in fast-growing African markets.
Tiger Brands full-year earnings up 7%
21/11/2012 - 08:06
Joahnnesburg - Consumer goods firm Tiger Brands [JSE:TBS] posted a 7% rise in full-year earnings on Wednesday, helped by higher prices, but said it expects a tough year ahead.
July maize firmer due to lack of rain
13/11/2012 - 08:28
South African maize prices closed mixed‚ while wheat settled the Monday session lower due to weaker Chicago Board of Trade (CBoT) figures.
Grains weaker on firmer rand
08/11/2012 - 10:49
SA maize and wheat prices closed the Wednesday session lower due to a stronger rand after the US dollar eased after news of US President Obama’s re-election.
Pioneer Food revenue up 10.5%
05/09/2012 - 10:31
Johannesburg - Pioneer Food Group Limited [JSE:PFG] said in a trading update before its closed period that revenue for the eleven months to end August increased by 10.5% to R16.7bn with volumes contracting by between 2% and 4% on average in the group’s product basket as consumer spend remains constrained.
Algeria defers import duties on animal feed
03/09/2012 - 07:44
Algiers - Algeria has decided to suspend import duties on animal feed, such as maize and soya, for 11 months from September 1 to protect its domestic market from high world market prices, a statement on the agriculture ministry’s website said.
Ugly mutant virus threatens SA wheat
23/08/2012 - 09:56
With drought in the US, Europe and Africa threatening to send maize prices soaring, another threat to food prices has reached SA — Ug99, a variant of stem rust that could reduce wheat production levels.
Small flutter gives hope in Free State
10/08/2012 - 11:37
Bloemfontein – The Free State Barometer fared slightly better in June than in May – but as in the rest of the country this province's economy is showing lacklustre growth for 2012.
SA Grains: Maize prices end session firmer
08/08/2012 - 09:26
Johannesburg - Maize prices ended firmer on Tuesday‚ rebounding from a two-day losing run‚ which traders had attributed to some profit taking.
Higher food prices to hit consumers
06/08/2012 - 08:29
Johannesburg - Droughts, mergers and input costs are expected to push up food prices in the coming months, economist Mike Schussler said on Friday.
Dangote surges on Tiger Brands deal
06/07/2012 - 08:17
Shares in Dangote Flour Mills climbed to their highest level in five weeks, after South Africa's biggest consumer foods maker Tiger Brands said it had reached a deal to acquire a majority stake in the Nigerian wheat and pasta maker, helping lift the overall stock index to a month high.
Tiger Brands buys into Nigerian flour maker
05/07/2012 - 09:26
Tiger Brands, South Africa’s largest food producer, has reached an agreement in principle with Dangote, the West African manufacturing group, to purchase 63,35% of the Nigerian flour and pasta maker Dangote Flour Mills (DFM).
SA farmers court Asian market
26/06/2012 - 07:58
Johannesburg - South African maize and citrus farmers are setting their sights on Asia as they grapple with increasing competition in Africa and falling demand in Europe.
Opinion piece: seed merger - conditions and implications
30/05/2012 - 14:24
The Competition Appeal Court (CAC) this week approved the intermediate merger between Pioneer, a US based international developer and supplier of plant genetics and Pannar, a family firm based in Kwa-Zulu Natal, subject to several conditions.
Flagrant coal mining threatens food security
28/05/2012 - 07:59
Johannesburg - Unbridled coal mining in Mpumalanga is putting food security under threat as 54%of the province’s surface area may be turned into wasteland.
Maize futures rebound after selloff
09/05/2012 - 07:38
South African maize futures finished the session higher on Tuesday, rebounding from a sharp selloff amid some bargain hunting.
Food prices fall but inflation a worry
04/05/2012 - 07:39
Milan/London - World food prices eased in April after rising in the first quarter of this year, the United Nation’s food agency said, but inflation worries are still simmering as soybean prices climb.
Maize futures edge lower on firm rand
26/04/2012 - 09:42
South African maize futures ended marginally lower on Wednesday, weighed down mainly by the firm rand to the US dollar, and lower international corn spot prices.
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.
Slowdown in spending hits Pioneer Foods
19/03/2012 - 08:53
Pioneer Foods said in a trading update on Friday that revenue rose 13% in the five months to the end of February, but volumes fell by an average 4%-6% in the group’s product basket on lower consumer spending.
Maize futures dip on profit taking
13/03/2012 - 08:06
South African maize futures ended mostly lower on Monday due to some profit taking following last week's strong gains.
Maize futures gain on patchy rainfall
28/02/2012 - 08:27
South African maize futures rallied on Monday, lifted by patchy rainfall in key crop growing regions in the country.
Maize futures rally on supply concerns
14/02/2012 - 10:10
South African maize futures ended sharply firmer on Monday on supply concerns.
Food price pressures
13/02/2012 - 07:51
Johannesburg/Lusaka - A tight grain supply outlook after several bumper harvests is set to fan food price pressures in southern Africa, fuelling salary demands and threatening to knock the region's fragile economies out of kilter.
Weaker economy dampens food prices
01/02/2012 - 07:37
Washington - Global food prices are set to decline further in 2012 as a weaker world economy dampens consumer demand while food supplies rise, the World Bank said on Tuesday, warning that a possible rise in oil prices could reverse the trend.
Maize futures cut gains to end low
31/01/2012 - 08:26
South African maize futures reversed earlier gains to finish the session weaker on Monday, as market players liquidated their positions on March contracts to focus on July contracts in an otherwise quite market, according to a local dealer.
Higher prices boost SA's maize plantings
25/01/2012 - 15:33
Johannesburg - South African farmers have planted 11% more acreage this season compared to last year because of higher prices while wheat output is seen higher than previously expected, a government agency said on Tuesday.
Maize futures up on strong exports
13/01/2012 - 08:13
South African maize futures lifted on Thursday, buoyed largely by strong exports and world prices.
Morocco grain strong despite planting delay
09/01/2012 - 08:01
The 2011/12 grain planting season in Morocco had a late start, with the first significant rainfalls arriving the week of October 24.
Trolley costs continue to speed ahead
19/12/2011 - 08:36
Food prices continue to soar ahead of Christmas, and there is no stopping the trend.
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.
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.
SA maize crop down 20%
02/12/2011 - 09:03
South Africa's May 2010-April 2011 maize harvest fell nearly 20 percent from the previous season, in line with market expectations, due to unfavourable weather conditions, the Crop Estimates Committee (CEC) said on Thursday.
Penalties hit Pioneer’s performance
29/11/2011 - 08:11
Food group still required to pay fine of R200m for price-fixing, extraordinarily competitive landscape caused by competition settlement
Pioneer lifts profit, outlook cautious
29/11/2011 - 07:49
Johannesburg - Pioneer Food Group [JSE:PFG] reported a jump in full-year earnings on Monday helped by increased sales and said cost pressures and consumer spending will influence its performance ahead.
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.
Tiger Brands lifts earnings
23/11/2011 - 08:27
Johannesburg - South African consumer goods firm Tiger Brands [JSE:TBS] posted a 13% increase in full-year earnings on Wednesday, helped by higher sales but said it anticipates a tough trading environment ahead.
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.
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.
Maize shortage, price spikes ‘preventable’
10/11/2011 - 08:55
Grain SA CEO says SA will run out of maize as early as next month after the country’s maize surplus was exported
Maize price ruffles feathers
31/10/2011 - 08:30
Christmas shoppers may be hit by high chicken prices this festive season, due to rising input costs.
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.
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%
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.
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.
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.
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.
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.
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.
Bread price hike to hit poor
12/08/2010 - 00:00
The Federation of Unions of SA (Fedusa) is concerned about how the looming price hike of bread and wheaten flour will affect the country's poor.