Adidas outruns rivals in tough markets
FRANKFURT – World No.2 sporting goods maker Adidas said that a summer of sport was boosting demand for its three-stripe products, helping it stay a step ahead of rivals and avoid the worst of a slowdown in sales growth in China and Europe. “If the world collapses it might hit us as well, but I [...]
Fast-fashion retailers see opportunity
With the entrance of British fast-fashion chain Topshop into SA, the local clothing sector could count on a proliferation of new brands coming into the market, meaning more competition, lower prices and narrower margins, an analyst said yesterday. Topshop joins a slew of British high-street operators looking to emerging markets as growth slows in more [...]
SA buys 35,000 tons of Russian wheat
A South African flour mill has made a rare purchase of about 35,000 tonnes of Russian-origin milling wheat, European traders said on Monday. It was for August/September shipment. Price was unavailable. “Russian wheat is still highly competitive for spot export positions for this size of shipment but the number of Russian wheat sales offers for [...]
SA Grains: Maize prices end session firmer
Johannesburg – Maize prices ended firmer on Tuesday‚ rebounding from a two-day losing run‚ which traders had attributed to some profit taking. The near-dated August white maize contract was up R45 to R2‚711 a ton and the September white maize contract lifted R49 R2‚735 a ton. The December white maize rose by R43.60 to [...]
SA most business-friendly Brics nation
Cape Town – A World Bank report has ranked South Africa the best among Brics country for ease of doing business, ahead of powerhouses China and Russia. The report ranks SA 34th, ahead of fellow Brics nations China (79), Russia (123), Brazil (127) and India (134). Higher rankings indicate simpler regulations and procedures for international [...]
Companies reject food price warning
Johannesburg – American seed company DuPont Pioneer and South Africa’s Pannar Seed on Friday rejected an economist’s view that their proposed merger would increase seed prices in South Africa. The merger would benefit the country’s agricultural sector, they said in a statement. “Recent statements by the commission and others that… the transaction will result in [...]
Higher food prices to hit consumers
Johannesburg – Droughts, mergers and input costs are expected to push up food prices in the coming months, economist Mike Schussler said on Friday. “The major impact on the food price now is not just the seed prices but the fact that when the food prices do come down, the maize prices are not going [...]
SA consumers shed recessionary mindset
Johannesburg – South Africans seem to be shedding the recessionary mindset. That is the general trend emerging from the Sunday Times Top Brands Survey. Commissioned by Avusa Media and conducted by TNS, the survey interviewed 400 senior business people as well as 3 500 consumers over the age of 18. The results show a significant [...]
Massmart and government — match made in heaven
What started as a bitter courtroom battle has now turned into a beautiful marriage. In fact, more and more of these marriages are needed, Agriculture, Forestry and Fisheries Minister Tina Joemat-Pettersson said yesterday, while singing the praises of her department’s new involvement with Walmart-owned Massmart . For much of the past year she has tried [...]
SA: Massmart signs up smaller farmers to supply fresh produce
South African retailer Massmart’s campaign, to enlist black emerging farmers to supply fresh produce in the company’s string of supermarket chains, kicks off this week in Limpopo. Direct farm programme head Kobus Pienaar, said 40-52 small to medium-sized farmers were already signed up with the aim of expanding the number to 1,500 within the next [...]
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