Filed under: International News
J Sainsbury’s annual profit climbed more than fivefold to £324 million (R4.43 billion) as price cuts and a wider range of fresh and organic foods pushed sales above the UK supermarket chain’s forecasts. (more…)
Filed under: International News
As if emerging markets need another boost, buyouts and takeover speculation are pushing up shares from Taiwan to South Africa. (more…)
Filed under: Local Company News
Pick ‘n Pay Stores is planning to move into black townships, a programme that will start by establishing franchise model family and minimarket stores in communities such as Soweto, Attredgeville, Tembisa and Vosloorus.
Filed under: Local News
Spar Group’s first-half profit rose 27 percent, boosted by increased consumer spending and rising prices, the grocery, liquor and building-materials distributor said yesterday.
Filed under: Local News
Retail sales growth accelerated to an annual 10 percent in March as consumer confidence jumped to a record and employment gained.
Filed under: Local Company News
SHOPRITE It will be fascinating to see whether this supermarket group gears up its balance sheet now that it is going to remain listed.
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Filed under: Local Company News
Shoprite remained a prime private equity target, investment bank UBS said after the R15.2 billion bid to acquire the retailer was called off in a major victory for minority shareholders.
