Fuel, utilities gobble up spare cash
Cheaper food has helped to ease the pain but an ever weakening rand means the prognosis is poor
Shoprite
VAT not all bad news
In an attempt to keep customers, retailers will absorb some of the hike – for a while
Tiger Brands’ share price down following listeria revelations
The company is one of the largest food manufacturers in the country, and the 7% fall equates to a R5.6-billion drop in its value
Supermarkets rush to pull foods implicated in Listeriosis outbreak
Pick n Pay as well as shops under its Boxer brand, have begun pulling the products, as have all supermarkets in the Shoprite group
Slice of life: A labour of love – and victory
A work organiser at the Casual Workers Advice Office has never lost a case at the CCMA, and he has helped workers return to their previous jobs.
Steinhoff shares plunge 60% as Jooste quits over alleged accounting irregularities
Steinhoff shares lost over 56% in trading on the Johannesburg stock exchange.
Computicket hauled over the coals
The ticketing service bullied vendors into signing exclusivity pacts, the Competition Tribunal hears
SA businesses in Africa could feel ‘heat’ of xenophobic attacks
Many around Africa have expressed outrage at the xenophobia in SA, while SA businesses operating in the rest of Africa begin to feel pressured.
Mandela funeral closure cost Shoprite about R260m
Shoprite has reportedly lost millions when it closed its doors on December 15 as a sign of respect following the passing of president Nelson Mandela.
South African business to close for Mandela’s funeral
Enterprises ranging from retailers to mines and bank headquarters will close for the former president’s funeral.
Spar moves into Africa starting with Angola
The retailer will open its first store in Angola next week, with the help of an unnamed local partner.
Shoprite’s growth slows on weaker consumer spending
Shoprite has reported profit that matched estimates as growing pressure on consumers’ disposable income held back sales in its domestic market.
Walmart not making massive dent
The company has not proved to be the hungry giant the competition had feared and it will take more time to feel Walmart’s muscle.
Mr Moneybags shrugs off the load
Despite Christo Wiese’s highly public run-in with the British authorities, it is business as usual, writes Heather Formby.
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Shoprite’s first-half profits up by nearly 20%
Africa’s largest food retailer has reported a healthy rise in first-half profits, which they have partly attributed to higher prices and better wages.
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Massmart ready to sacrifice margins for market share
Walmart’s SA unit Massmart is ready to push down prices and sacrifice margins in pursuit of a bigger market share, its CEO has said.
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Disappointing annual sales numbers for Shoprite
SA’s biggest food retailer Shoprite Holdings saw its shares slide after reporting a 7% rise in full-year sales that fell short of analysts’ estimates.
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Zambia regulator clears Shoprite on supply deals
Zambia has cleared Africa’s largest grocer Shoprite over allegations of threatening to blacklist suppliers who dealt with its rival Pick n Pay.
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Supreme Poultry: We do ‘rework’ chickens
The company at the centre of the frozen chicken controversy says it does "rework" birds for human consumption.
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Shoprite chairperson Wiese forfeits seized UK money
Moneyweb reported Shoprite chairperson Christo Wiese was on Thursday forced to give up £675 000 after it was seized in April.
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Shoprite full-year profit up
Shoprite booked a 16% rise in full-year profit as its mainstay South African customers warm up to spending due to decades-low interest rates.
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Shoprite lifts first-half profit, cautious on outlook
Shoprite, Africa’s biggest grocer, posted a 13,3% rise in first-half profit as recession-hit consumers flocked to its discount stores.
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Shoprite first-half turnover up
Listed retailer Shoprite on Wednesday posted an increase in first-half turnover due to a rise in sales at its South African operations.
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Shoprite lashes out at banks over system failures
Shoprite on Friday took issue with banks over "intermittent system failures in the country’s national electronic payment system [EPS]".
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Shoprite puts Zim plans on hold
Retailer Shoprite said on Monday that it has put its Zimbabwean plans on hold.
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Shoprite profits up, sees ‘challenging’ new year
Shoprite Holdings reported a rise in profits on Tuesday, but said it expected trading conditions in the new year to be challenging.
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Road freight strike hits Shoprite suppliers
The current road freight sector strike is affecting several of the Shoprite Group’s suppliers, the retailer said on Wednesday.
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Foschini sales up 8,7%
South African clothing retailer Foschini posted an 8,7% rise in third-quarter revenue on Friday, thanks to new stores.
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Shoprite added to JSE Top-40 Index, Barloworld dropped
South African retailer Shoprite will be added to the JSE Top-40 Index of blue-chips, replacing industrial group Barloworld.
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Shoprite profit jumps, but sees growth slowing
South African retailer Shoprite reported a 54,1% rise in diluted full-year headline earnings per share on Tuesday.
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Shoprite cuts margins on basic foods
Listed supermarket group Shoprite has cut margins on basic foodstuffs.
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Banks, resources keep JSE firm
The bank and resources indices kept the JSE in positive territory on Tuesday, lifting the bourse 0,7% higher by midday. Banks advanced 2,14% and financials collected 1,14%. The gold mining index added 1,46%, resources lifted 1,11% and the platinum mining index was up 0,58%. However, industrials were down 0,12%.
