Healthy fast food group announces massive expansion
April 15, 2008, 6:06 am
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Retail Kauai (pronounced ka-why), the healthy food and beverage company, has announced its five-year growth plan that includes opening a further 130 stores in South Africa, bringing the total number of the group’s stores to 200 by 2012.
What’s hot around the globe – insights on household products 2007
April 10, 2008, 6:14 am
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Retail This survey, which covers 61 markets across five regions around the world, accounting for more than 85% of the world’s GDP and over 70% of the world’s population, focuses on categories that contain products used around the home to keep it clean and running smoothly. Examples include dish, laundry and hand detergents; brooms, brushes and mops; bleaches and disinfectants; batteries; and plastic and aluminium wraps and bags.
Shoprite half-year earnings rise, but trouble ahead
April 10, 2008, 6:11 am
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Retail South African retailer Shoprite reported a 55,1% rise in half-year headline earnings per share, as an emerging black middle class spent freely, but said it faced tougher times in the year ahead.
Truworths half-year sales rise 20%
April 10, 2008, 6:01 am
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Retail Clothing retailer Truworths posted on Thursday a 20% rise in half-year sales, at the low end of its expectations, as seven interest rate hikes crimped consumer spending.
Foschini sticks to rolling out @home
April 4, 2008, 7:17 am
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Retail Although the homeware retail category that mushroomed along with the consumer boom had fallen on tough times, Foschini would not deviate from its strategy of rolling out its @home stores, it said yesterday.
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Clothing firm Pep weathers consumer storm with steady sales growth
Sales growth at Pep remained steady despite the downturn in the consumer economy, the firm, which has a discount clothing store on almost every main street in South Africa, said yesterday.
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Manufacturing fattens tax collection
The R31.9 billion tax bill paid by the manufacturing sector in the 2007/08 tax year, which ended on Monday, made the biggest contribution to growth in corporate tax.
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Manufacturing sector stumbles as rates climb
The manufacturing sector contracted last month at the sharpest pace in nearly five years, knocked by slowing economic growth and high costs, a survey showed yesterday.
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War of iPods as Apple turns on Buddy
A bitter war is brewing between Apple IMC and its former distributor, technology accessory company Cool Apple Buddy (CAB).
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Local Steel Supplier to increase prices again!
ArcelorMittal announced yesterday that steel prices are going to increase a further 18% in April, this brings the increase to about 71% since January 2008.
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