Townships not over shopped, wealthier Gauteng suburbs are
According to an accessibility study of large shopping centres in Gauteng done by AfricaScope, Maponya Mall is the closest to the largest number of people and within the shortest travelling time in Gauteng. 1.2 million people have access to the mall, within approximately 5 minutes travel time by road using a car or taxi. The [...]
Strong retail could raise 2011 GDP
Higher than expected retail sales in December could prompt an increase in the Treasury’s gross domestic product (GDP) estimate for 2011, when the Budget is tabled on 22 February 2012. South African retail trade sales at constant (2008) prices for December recorded an 8.7% growth year on year (y/y) after a revised 7.2% (6.8%) y/y [...]
Retail trade sales increase across the board
Measured at constant 2008 prices, retail trade sales for the fourth quarter (Q4) of 2011 increased 7.9% when compared with the 2010 Q4, Statistics South Africa announced today, 15 February 2012. This follows an increase of 8.7% year-on-year (y/y) in December 2011 and a month-on-month (m/m) increase of 1.3%. The y/y increase is above the [...]
Consumer spending still slow: Tiger Brands
Tiger Brands (TBS) says the trading environment continues to be characterised by the slow recovery of consumer spending in the domestic market and rising cost inflation, resulting in an overall market volume decline in the categories in which it operates. Releasing a trading update in the four months to 31 December 2011, the consumer group [...]
Food price pressures
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. Erratic rains have delayed the planting of the crucial maize crop in Zambia, pushing inflation towards double digits, while bread [...]
Water-wise cane excites Coke
The South African sugar industry’s greatest challenges are lack of access to sufficient water and growing the expertise of its small farmers, says the Coca-Cola Company’s water and sustainable agriculture director, Denise Knight. Ms Knight was in SA earlier this month. The sugar industry directly employs about 137000 people, and indirectly another 110000 — making [...]
Regulator cuts back ports tariff hike
Johannesburg – The Ports Regulator of SA on Tuesday rejected the National Ports Authority’s (NPA’s) application for an average 18.06% increase in tariffs for the 2012/2013 tariff year. In considering the NPA’s tariff application and various submissions, comments of stakeholders and the regulatory framework, the ports regulator concluded that a 2.76% tariff increase was a [...]
SAB toasts potential for higher beer sales
Despite some “wobbles” the South African economy will remain strong and the macroeconomic trends that are evident indicate significant upside potential in terms of per capita consumption, which will benefit beer consumption. That was part of the upbeat message by South African Breweries (SAB) chief executive Norman Adami at an investors’ presentation yesterday. SAB management [...]
Valentine’s Day results in retail focus
Valentine’s Day on Tuesday will make sure that this week the focus is on the consumer, as online retailers are likely to say how well this year’s sales were compared with last year, while the official data will show how much consumers spent last year with the retail sales due on Wednesday, while the following [...]
Trade within SADC only for those with deep pockets
Companies looking to trade within the Southern African Development Community (SADC) need deep pockets, plenty of patience and excellent organising skills to keep track of all the required paperwork. So says a new report by the World Bank that highlights the various trade barriers, such as trade permits, export taxes, import licences and bans, which [...]
POPAI Awards 2011
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