Power shortages could cut local economic growth by more than half, with the retail and construction sectors hardest hit, Avior Research has argued in a comparison with Brazil’s short-lived energy crisis of 2001
Bell Equipment is to some extent able to shrug off the worries of unreliable electricity supply because of its manufacturing facility in Europe and its deal with a shareholder, John Deere.
The Design Indaba 2008 will again present Specialist Indabas that complement the main conference programme. Focusing on architecture, jewellery and lifestyle, sectors identified as key areas of development in South Africa, these sessions will run alongside the expo this year, allowing attendance by conference delegates and the public. Jewellery Indaba Pioneer of nanocrystalline diamond, inventor of the multiple ring set and widely regarded as one of the world’s leading studio jewellers, Wendy Ramshaw (UK) is not to be missed. Ramshaw will share the podium with Swiss designer Christoph Zellweger, who is considered one of the most thought provoking and stimulating jewellery designers in Europe. (more…)
Ellerine’s sales to higher-income earners at chains such as Wetherlys and Osiers had fallen, African Bank Investments Limited (Abil), the new owner of the furniture chain, said yesterday.
Shoprite’s surprisingly strong profit growth had probably been largely a result of food price increases outstripping the rise in the supermarket group’s monthly expenses, analysts said yesterday.
The partnership entails a rights agreement where the media company will provide two to six carts to 26 of the retailer’s stores from February 2008, with more branches to be added soon. The media company will then open the available advertising space to various clients. This unique media platform is sure to pique the interest of cosmetic and pharmaceutical companies who wish to have their brand top of mind with the retailer’s shoppers.
“Dischem embodies family values and health - making them a perfect partner for Icon Media,” comments Storm Ackerman, Icon Media’s GM. “Our studies reveal that approximately 20% of all mall shoppers have children, so it follows that our trolley’s which not only entertain children, but also offer more space are bound to be a hit with the retailer’s customers.”
The Public Investment Corporation (PIC), the country’s most important shareholder activist for black empowerment, yesterday welcomed New Clicks’ appointment of three black women to its board, including one executive director. [
