Clicks eyes expansion
Clicks Group will ramp up its footprint over the next three to five years as it targets the 500-store mark, CEO David Kneale says. “We think there’s continued scope for Clicks to grow in both store network and market share. We’re opening at a rate of 20-30 new stores a year,” Kneale told BusinessLIVE on [...]
Battle looms over shock move to ban liquor ads
A shock draft bill from the Department of Health that totally prohibits the advertising and promotion of alcoholic products is being reworked behind closed doors by an interdepartmental government task team. The team includes officials from the departments of health, social development, and trade and industry, who will make proposals to a committee composed of [...]
SABMiller investing $2,5bn in Africa
SABMiller plans to invest up to $2,5bn in Africa over the next five years to build and refurbish breweries, its head for the region said yesterday, as it looks to slake rising demand for beer on the fast-growing continent. “We are still looking at around $400 to $500m a year … for the next three [...]
Nigerians grow nose for SA wine exports
SA’s wine exports have shown healthy growth in the first three months of this year, with Nigerian connoisseurs developing a keen nose for the local grape. Nontraditional markets for SA’s wines — such as East Africa, Russia, and Japan — are growing, raising the prospects for a depressed local industry bedevilled by squeezed profit margins. [...]
SABMiller cheered by emerging markets
London – Global brewer SABMiller [JSE:SAB] showed a 3% rise in underlying beer volumes in the first three months of 2012 as growth in the emerging markets of Latin America, Africa and Asia offset declines in Europe and North America. The world’s No 2 brewer and maker of Miller Lite, Castle and Peroni beers added [...]
Consumer inflation slows again
Johannesburg – South Africa’s consumer inflation slowed to 6.0% year-on-year in March, in line with market consensus from 6.1% in February, Statistics South Africa said on Wednesday. On a month-on-month basis, inflation quickened to 1.1%, compared to 0.6% in February – also as economists had expected. Inflation is now at the upper end of the [...]
Pick n Pay posts drop in profit
Johannesburg – South Africa’s No2 food retailer, Pick n Pay Stores [JSE:PIK], reported a 15% fall in full-year profit on Wednesday, missing expectations, hit by costs related to its shopper loyalty programme and investments in its supply chain. Pick n Pay said diluted headline earnings per share for continuing operations fell 15.3% to 157.67 cents [...]
West Africa cotton output seen up 29 percent in 2012/13
West African cotton growers forecast a 29 percent increase in output to 1,738,500 tonnes for the 2012/13 season from 1,346,941 tonnes in 2011/12, data collected from cotton producers and compiled by Reuters showed on Wednesday. The figures were presented by delegations of private and state-owned companies from six West African cotton-producing nations during a meeting [...]
Retail sales see unexpected surge
Johannesburg – Growth in South Africa’s retail sales jumped to 7.2% on an annual basis at constant prices in February from a revised 4.2% in January, Statistics South Africa said on Wednesday. On a monthly basis sales contracted 2.2% in February and were up 6.9% in the three months to February compared with the same [...]
CPI in target eases rates hike pressure
Johannesburg – South Africa’s headline inflation slowed in March to within the central bank’s target range for the first time in four months, suggesting inflation may undercut the bank’s forecasts and ease pressure for action in the form of an interest rate rise. The fall was in line with expectations. However, retail sales showed a [...]
POPAI Awards 2012
Proudly sponsored by ZaPOP
