e-spaces


Absa, Woolworths announce joint venture
May 5, 2008, 8:18 am
Filed under: Retail
South Africa’s third-biggest bank, Absa, and food and clothing retailer Woolworths are to enter into a joint venture, the companies said in separate statements on Wednesday.


Pick n Pay reports growth despite pressures
May 5, 2008, 8:10 am
Filed under: Retail
Listed food retailer Pick n Pay is “very aware” of the increase in food prices, it said on Tuesday.

“We are very aware of the inflationary pressure on basic foods and are doing everything we can to minimise its impact on customers,” the company said in its results for the year ended February 29.



New Clicks first-half earnings rise
May 5, 2008, 8:00 am
Filed under: Retail

South African drugs and cosmetics retailer New Clicks said on Thursday first-half diluted headline earnings per share (EPS) rose 25,8% helped by health and beauty sales despite a tightening economy. The company said headline EPS, the main profit gauge in South Africa, which strips out non-trading, capital and certain extraordinary items, was 67,8 cents.

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