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PROCUREMENT NEWS ON FASTMOVING

Meatco and Witvlei bid for Norwegian meat quota, Namibia

Meatco and Witvlei bid for Norwegian meat quota, Namibia

22/10/2013 - 08:31
Meat processing companies, Meatco and Witvlei Meat, have once again bid for the lucrative beef export quota to Norway, which is set at 1600 tonnes per year and pays 72% more than exports to other parts of Europe. Earlier this month, the Meat Board of Namibia requested for bids for the Norway quota from local meat companies.  read more
PC market doing better than expected

PC market doing better than expected

15/10/2013 - 07:55
Despite a year on year decline of 7.6%, the worldwide PC market didn’t do as badly as it was expected to do in Q3 2013. read more
Asian bacteria threatens Florida oranges

Asian bacteria threatens Florida oranges

14/10/2013 - 09:13
Washington - Citrus production in Florida, the world's second largest orange juice supplier after Brazil, is being threatened by a bacteria from Asia that has scientists racing for a remedy. read more
Distell taps into China's cognac market

Distell taps into China's cognac market

09/10/2013 - 10:23
Johannesburg - South African liquor company Distell Group Limited [JSE:DST] has acquired a 60% share in fast-growing liquor distribution company CJ Wines & Spirits‚ expanding its presence in the East. read more
Global food prices to stop dropping

Global food prices to stop dropping

07/10/2013 - 08:31
Rome - Global food prices are not expected to fall much further after their fifth consecutive monthly decline in September, the United Nations food agency said on Thursday, trimming its estimate for 2013/14 world cereals production. read more
Massmart confirms Naivas bid, targets entry into Kenya

Massmart confirms Naivas bid, targets entry into Kenya

04/10/2013 - 11:00
Massmart has confirmed it is interested in buying a major stake in Kenyan retailer Naivas. read more
Banana industry receives more investment, Ghana

Banana industry receives more investment, Ghana

11/09/2013 - 09:45
Government has secured a loan of 7.3 million euros for investment in the banana industry to ensure the production of quality bananas for export, said Dr Hawkins Asiedu, a Director at the Ministry of Trade and Industry.  read more
Samsung sees TV market recovery

Samsung sees TV market recovery

06/09/2013 - 11:04
Samsung Electronics, the world’s largest maker of televisions, expects a recovery in the TV market in the second half of this year, helped by an improving US economy and the launch of new high-end sets. read more
Engen brings cutting-edge Quickshop convenience to Africa

Engen brings cutting-edge Quickshop convenience to Africa

03/09/2013 - 10:00
Engen, the oil company of choice in sub-Saharan Africa and the Indian Ocean Islands, is driving a major change in the fuel market landscape by introducing cutting-edge convenience shopping in its fast-growing service station network in the region.  read more
Spar to open Angola store

Spar to open Angola store

29/08/2013 - 10:41
Johannesburg - Spar Group Ltd., a South African food and liquor retailer, is working with an Angolan partner to open a store in the country’s capital, Luanda, in the next six months, Finance Director Mark Godfrey said. read more
Customs digital move lauded

Customs digital move lauded

23/08/2013 - 07:47
Johannesburg - A newly introduced digital customs management system at border posts would be positive for business and trade, Finance Minister Pravin Gordhan said on Thursday. read more
Imperial Logistics achieves pleasing results

Imperial Logistics achieves pleasing results

22/08/2013 - 12:24
Johannesburg, 21 August 2013 – Imperial increased its revenue in its logistics businesses to R34 billion for the financial year ending 30 June 2013, achieving 21% growth. The European and African Divisions contributed almost equally, with revenue from African countries outside South Africa contributing almost 15% to total revenue. read more
Ten fishing companies fined $3.1m for breaching regulations, Ghana

Ten fishing companies fined $3.1m for breaching regulations, Ghana

15/08/2013 - 10:08
Ten fishing companies have been fined $3.1 million for illegal, unregulated and unreported fishing (IUU) in the country’s waters and in breach of Ghana’s fishing regulations.  read more
25 Chinese firms set up in Zambia's Chambishi MFEZ

25 Chinese firms set up in Zambia's Chambishi MFEZ

13/08/2013 - 09:27
A total of 25 Chinese enterprises worth US$1.2 million have been set up in the Chambishi Multi Facility Economic Zone (MFEZ) in the past year, the Zambia Development Agency (ZDA) has said.  read more
Egyptian exports start to boom

Egyptian exports start to boom

31/07/2013 - 11:55
Cairo - Egypt is in the early stages of an export boom, suggesting its economy could begin to recover in the next few months if a minimum level of political stability is restored. read more
Smartphone growth soars

Smartphone growth soars

29/07/2013 - 07:48
The worldwide mobile phone market grew 6.0% year over year in the second quarter of 2013 (2Q13), while the shipment of smartphones grew 52.3% according to the International Data Corporation (IDC). read more
NCCI confirms commitment to growth in Namibia

NCCI confirms commitment to growth in Namibia

23/07/2013 - 09:49
The Namibia Chamber of Commerce and Industry (NCCI) successfully held its annual business summit, annual general meeting and gala & business awards ceremony on June 28 and 29. The annual events have become an influential platform for business leaders, together with political leaders and government officials, to compare notes on issues of significant importance to the growth and competitiveness of the country's economy. read more
Hearings into SAB practices resume

Hearings into SAB practices resume

23/07/2013 - 09:20
The Competition Tribunal will resume a hearing into allegations of anti-competitive behaviour by South African Breweries (SAB), the local division of SABMiller.  read more
EMEA PC shipments plummet

EMEA PC shipments plummet

22/07/2013 - 08:57
New research from the International Data Corporation (IDC) shows that PC shipments in Europe, Middle East, and Africa (EMEA) continued to contract in the second quarter of 2013 (2Q13). read more
Getting Chinese to drink more South African wine

Getting Chinese to drink more South African wine

19/07/2013 - 07:29
Cape Town - The Western Cape department of agriculture, together with Wines of South Africa, recently hosted the second Beijing Wine Tasting in China.  read more
Coca-Cola invests Sh1.2 billion in plastic plant, Kenya

Coca-Cola invests Sh1.2 billion in plastic plant, Kenya

18/07/2013 - 10:26
Coca-Cola through Nairobi Bottlers has invested Sh1.2 billion in a new manufacturing plant that produces materials for production of plastic bottles. read more
Ghana bans Zambeef products

Ghana bans Zambeef products

18/07/2013 - 10:03
The Food and Drugs Authority (FDA) of Ghana has warned prospective importers of Zambeef Products produced in Zambia to immediately halt any processes to get the beef into Ghana. read more
Merck deal set to spur Aspen bond sale

Merck deal set to spur Aspen bond sale

17/07/2013 - 08:49
Aspen Pharmacare’s purchase of a Merck division would probably spur South Africa’s largest drug maker to sell its first bonds to diversify debt, money manager Anchor Capital said on Friday. read more
Grindrod rises to 5-year high as rand slips

Grindrod rises to 5-year high as rand slips

15/07/2013 - 10:03
Johannesburg - Grindrod, Africa’s biggest shipping company, advanced to the highest in almost five years, as shipping costs rose and the rand weakened.  read more
White maize gains most in three weeks

White maize gains most in three weeks

15/07/2013 - 09:15
Johannesburg - South African white corn futures rose the most in more than three weeks on speculation of tight local supplies. read more
CFI Holdings, Victoria Foods sets sights on long-term capital, Zimbabwe

CFI Holdings, Victoria Foods sets sights on long-term capital, Zimbabwe

12/07/2013 - 10:08
The injection of long-term capital into Victoria Foods and the debt restructuring initiative is projected to induce positive performance for diversified CFI Holdings Limited. read more
OK Zimbabwe taps into South Africa market

OK Zimbabwe taps into South Africa market

12/07/2013 - 09:55
OK Zimbabwe has signed an agreement with a South Africa-based company, Kawena, to enable Zimbabweans resident in South Africa to purchase goods for family and friends back home. read more
Namibian fishing industry urged to diversify

Namibian fishing industry urged to diversify

05/07/2013 - 08:49
Walvis Bay - Namibia should not allow itself to be held hostage by any single market, says the Minister of Trade and Industry Calle Schlettwein. read more
India: Liquor rates hiked by Delhi govt as much as 11%

India: Liquor rates hiked by Delhi govt as much as 11%

21/06/2013 - 11:44
Tipplers will have to shell out more to buy liquor in the capital with the Delhi Government approving a hike in alcohol rates as part of new excise policy, late last month.  read more
Ghana set to process 40% of cocoa locally, report

Ghana set to process 40% of cocoa locally, report

21/06/2013 - 10:48
Ghana is projected to increase its local processing of cocoa to 40% in the coming years, according to the 2013 Economic Report on Africa (ERA) released on March 25, 2013. read more
Iran ramps up wheat buying

Iran ramps up wheat buying

18/06/2013 - 08:30
London - Iran has ramped up its campaign to import wheat, buying more than 800,000 tonnes in two weeks in what some traders said was a drive to ensure adequate supplies for a possibly tense period after Friday's election.  read more
Smartphones bloom in emerging markets

Smartphones bloom in emerging markets

18/06/2013 - 08:04
Global smartphone shipments are expected to reach 958.8 million units in 2013, surpassing feature phone shipments for the first time, the IDC says. read more
Pick n Pay's Zim rival raises revenue

Pick n Pay's Zim rival raises revenue

14/06/2013 - 09:05
Harare – Zimbabwe’s leading grocer OK Zimbabwe, whose revenues for the year to March 31 surged 16.3% to US$479.6m, is planning to open two new stores and modernise five others during the current year. read more
SA maize falls after USDA report

SA maize falls after USDA report

14/06/2013 - 08:20
Johannesburg - South African corn declined for a second day after a report from the US Department of Agriculture showed more production than anticipated.  read more
SA discusses fruit exports to the EU

SA discusses fruit exports to the EU

11/06/2013 - 07:59
Brussels - International Relations Minister Maite Nkoana-Mashabane and the European Commission vice president Baroness Catherine Ashton are having talks behind closed doors at the European external affairs headquarters in Belgium's capital.  read more
Walmart launches fresh produce initiative

Walmart launches fresh produce initiative

05/06/2013 - 08:17
Bentonville, Ark. – Wal-Mart is launching an initiative to increase the amount of fresh produce on its shelves. The effort includes buying produce directly from growers for immediate shipment to stores, performing independent weekly fresh produce checks at stores and providing fresh produce training for associates.  read more
Zimbabwe: New procurement law on cards

Zimbabwe: New procurement law on cards

30/05/2013 - 10:47
Speaking at the Buy Zimbabwe procurement conference in Harare yesterday, Kasukuwere said companies should comply with the stipulated procurement regulations, in which local firms should be granted at least 50% contracts on procurement deals. read more
Retail: New warehouse distribution property sector emerging in Africa

Retail: New warehouse distribution property sector emerging in Africa

27/05/2013 - 09:46
A new property sector is opening up in African markets as retailers growing their presence there are now in need of or building their own distribution warehouses, according to Belinda Clur, managing director of Clur Research International. read more
India: Liquor prices will increase next month

India: Liquor prices will increase next month

21/05/2013 - 10:36
New Delhi: Liquor prices are set to rise in the coming weeks as the cabinet cleared the new excise policy on Monday. While the policy leaves the licence fee untouched for the financial year 2013-2014, Indian Made Foreign Liquor (IMFL) will be dearer by 5% and country liquor by 11% once the new rates are notified in June.  read more
Chinese manufacturing slows in April

Chinese manufacturing slows in April

26/04/2013 - 10:06
Beijing - Manufacturing activity slowed in China in April as exports were hit by sluggish overseas demand, HSBC said on Tuesday, fuelling concerns about the strength of the world's second-largest economy. read more
Danone sales boosted on baby food demand

Danone sales boosted on baby food demand

17/04/2013 - 10:58
Paris - French food group Danone said Tuesday the explosion in demand for baby formula in China helped lift sales by 4.3% in the first quarter of the year to €5.3bn ($6.9bn). read more
Namibia: Analysts give thumbs up to NBL results

Namibia: Analysts give thumbs up to NBL results

08/04/2013 - 10:07
Local market analysts have lauded NSX listed Namibia Breweries Limited for posting solid interim results for the period ended 31 December 2012. read more
Distell: Group to buy stake in Kenya

Distell: Group to buy stake in Kenya

08/04/2013 - 09:08
The Kenyan government planned to sell a large part of its stake in a domestic wines and spirits marketer to South Africa’s Distell Group, the privatisation commission said on Friday read more
Ghana: Unilever Boss David Mureithi resigns

Ghana: Unilever Boss David Mureithi resigns

05/04/2013 - 09:36
The Managing Director of Unilever Ghana Limited, David Mureithi has resigned. read more
High costs see EABL profits dip 14%

High costs see EABL profits dip 14%

05/04/2013 - 09:19
GIiant beer and spirits maker East African Breweries posted a 14 per cent drop in net profits in its half year profits due to high financing and distribution and raw material procurement costs, the brewer said earlier this year.  read more
SA maize at one-month low

SA maize at one-month low

04/04/2013 - 07:40
Johannesburg - South African corn futures weakened for a second day to the lowest level in more than a month, tracking US prices that fell following reports of bigger-than-expected stockpiles. read more
Walmart sees losses amid corruption probe

Walmart sees losses amid corruption probe

28/03/2013 - 10:06
New York - US retail giant Walmart said on Tuesday it expected to suffer financial losses amid an ongoing probe into corruption scandals involving foreign subsidiaries. read more
Walmart wine selling key to SA push

Walmart wine selling key to SA push

26/03/2013 - 08:13
South Africa, the eighth-biggest wine producer, is seeking to regain a foothold in the US market lost to imports from Australia to Argentina by promoting brands at Walmart Stores and Whole Foods Market, a diplomat said last week.  read more
Local Supplier, Oceanfresh Seafoods, listed in Sam’s Club, US

Local Supplier, Oceanfresh Seafoods, listed in Sam’s Club, US

25/03/2013 - 15:33
Lonrho’s Oceanfresh Seafoods, local purveyor of fresh and frozen seafood, has recently been listed in Sam’s Club stores in the US.  read more
Barloworld expands specialised logistics solutions to Arab states

Barloworld expands specialised logistics solutions to Arab states

15/03/2013 - 10:36
VENTURES AFRICA – Barloworld Logistics, a unit of the JSE-listed diversified industrials giant, Barloworld Goup, is expanding its specialised logistics solutions to the Arab states of the Gulf, it said on Monday. read more
Growth in ports sends Grindrod shares up

Growth in ports sends Grindrod shares up

11/03/2013 - 08:19
Grindrod shares rose to their highest level in more than four years yesterday as investors bet on earnings growth driven by diversification into ports and terminals. read more
Zim to conduct DNA tests on SA meat

Zim to conduct DNA tests on SA meat

05/03/2013 - 07:32
Harare - Zimbabwe is working on putting stringent measures on meat imports from South Africa amid concerns of contaminated meat products from the country.  read more
Grindrod earnings rise 22%

Grindrod earnings rise 22%

28/02/2013 - 09:50
Johannesburg - Shares of Grindrod [JSE:GND] rose more than 2% after the shipping firm posted a 22% rise in full-year earnings, beating market expectations. read more
New multi-million rand plant for SAB

New multi-million rand plant for SAB

26/02/2013 - 08:57
Johannesburg – The South African Breweries (SAB) has announced a R700m investment in a state-of-the-art new maltings plant in Alrode‚ Gauteng‚ as part of its continued efforts to support the local economy and drive job creation. read more
Maize falls to 8-month low

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. read more
Pfizer profits jump on asset sale gain

Pfizer profits jump on asset sale gain

30/01/2013 - 09:34
New York - The world's biggest pharmaceutical company, Pfizer, reported Tuesday a big jump in fourth-quarter earnings as cost-cutting efforts plus a gain from an asset sale helped offset the loss of exclusivity of a blockbuster cholesterol drug.  read more
Choppies supermarket-chain faces cost challenges as it increases footprint in South Africa

Choppies supermarket-chain faces cost challenges as it increases footprint in South Africa

23/01/2013 - 10:04
Choppies, the BSE-listed supermarket chain, seems to be paying the price for fast expansion across the country and its vigorous entry into the South African market. read more
Wal-Mart warns its suppliers

Wal-Mart warns its suppliers

23/01/2013 - 08:46
Bentonville, Arkansas - Wal-Mart Stores has alerted its global suppliers that it will immediately drop them if they subcontract their work to factories that haven't been authorised by the discounter. read more
Up to half of world's food wasted

Up to half of world's food wasted

11/01/2013 - 07:43
London - Up to half of all the food produced worldwide ends up going to waste due to poor harvesting, storage and transport methods as well as irresponsible retailer and consumer behaviour, a report said on Thursday.  read more
Maize futures slip on US prices

Maize futures slip on US prices

09/01/2013 - 09:01
South African maize futures finished lower on Tuesday in line with lower US grain prices due to slackening demand. read more
EABL unveils Sh4.3bn plant expansion plan

EABL unveils Sh4.3bn plant expansion plan

19/12/2012 - 09:03
East African Breweries Limited (EABL) will invest Sh4.3 billion in expanding capacity at its Ruaraka-based plant as it seeks to increase efficiency.  read more
Woolworths to own 51pc of joint venture with Deacons in Kenya

Woolworths to own 51pc of joint venture with Deacons in Kenya

18/12/2012 - 09:09
South Africa’s Woolworths will hold a 51 per cent stake in a joint venture it has formed with Kenya’s Deacons, giving it control in the operations of the new company. read more
Global connected smart devices up 27%

Global connected smart devices up 27%

18/12/2012 - 08:22
The worldwide smart connected device market – a collective view of PCs, tablets, and smartphones – grew 27.1% year-over-year in the third quarter of 2012 (3Q12) reaching a record 303.6 million shipments valued at $140.4 billion. read more
Zim: Meikles to unveil second Pick ’n’ Pay

Zim: Meikles to unveil second Pick ’n’ Pay

11/12/2012 - 09:47
Zimbabwe Stock Exchange-listed diversified entity Meikles Limited is this week set to unveil is its second state-of-the-art Pick ’n’ Pay supermarket bringing to two such branches in the country. read more
Walmart Canada opens 200th supercenter

Walmart Canada opens 200th supercenter

10/12/2012 - 09:58
Mississsauga, Ontario -- Walmart Canada on Friday opened its 200th supercenter, in Edmonton, Alberta.  read more
Concerns over revision of BEE codes

Concerns over revision of BEE codes

10/12/2012 - 08:19
Johannesburg - The SA Chamber of Commerce and Industry (Sacci) expressed concern on Thursday about revisions to the broad-based black economic empowerment (B-BBEE) codes of good practice.  read more
Warning about uncertified appliances

Warning about uncertified appliances

05/12/2012 - 09:50
Cape Town - Electrical appliances which are not certified by the SA Bureau of Standards (SABS) pose a serious threat to consumers' lives, Parliament's energy portfolio committee warned on Tuesday. read more
Motlanthe: Consumers spoilt for choice

Motlanthe: Consumers spoilt for choice

27/11/2012 - 08:44
Johannesburg - South African consumers are "spoilt for choice" and need to be convinced to buy local products, Deputy President Kgalema Motlanthe said on Monday.  read more
First woman on Siemens board to leave

First woman on Siemens board to leave

22/11/2012 - 08:35
Munich - Siemens AG's procurement chief Barbara Kux looks set to leave the company in 2013, five years after becoming the German engineering conglomerate's first female top manager. read more
Transnet, Eskom drive local supply

Transnet, Eskom drive local supply

15/08/2012 - 09:19
Johannesburg - Transnet's locomotive acquisition spree and Eskom's build programme present two of the best opportunities to increase local procurement, the department of public enterprises said on Tuesday. read more
Zuma: State not main job creator

Zuma: State not main job creator

27/01/2012 - 07:37
Johannesburg - The state is not the primary job creator in South Africa, President Jacob Zuma said on Thursday.  read more
Change in Chinese customs regulations to help streamline global retail supply chains

Change in Chinese customs regulations to help streamline global retail supply chains

23/01/2012 - 08:13
Moves by local government authorities in China to relax customs procedures will help global retail companies to streamline their supply chains, logistics experts predict.  read more
Failure to mitigate supply chain risk to cost companies billions in 2012

Failure to mitigate supply chain risk to cost companies billions in 2012

21/11/2011 - 08:26
Chief procurement officers at the world's largest companies predict their businesses, unable to manage the range of risks affecting their global supply chains, will lose €140m on average over the next 12 months as a result of supply chain disruptions, according to a recent report. read more
Direct sourcing hits working capital at UK retailer

Direct sourcing hits working capital at UK retailer

10/11/2011 - 09:36
A concerted effort by British retailer Sainsbury's to increase the volume of direct global sourcing has contributed to a £104m increase in working capital during the first half of 2011, according to its interim report published today.  read more
Organisations expand global outsourcing and shared service programmes

Organisations expand global outsourcing and shared service programmes

08/11/2011 - 09:54
An increasing number of organisations are improving their service delivery performance by enhancing and expanding outsourcing and shared service efforts globally, according to new research.  read more
Massmart promises fund to benefit locals

Massmart promises fund to benefit locals

04/11/2011 - 08:22
Johannesburg - Local manufacturers and smallholder farmers stand to benefit materially from Massmart's supply development fund, with the quality and competitiveness of their products expected to reach greater heights, the fund's CEO Mncane Mthunzi said on Thursday.  read more
South African businesses sign procurement accord to boost local manufacturing

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. read more