Cashbuild had managed to reverse declining volume sales after it “took corrective action” on core product lines, particularly cement and bricks, the chief executive, Pat Goldrick, said yesterday.
New Clicks yesterday reported resilient sales growth in defensive lines such as drugs and beauty, but CD sales hit a wall after Bok van Blerk did not repeat his De la Rey hit of last summer.
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.
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.
If you have watched The Apprentice, you’ve seen an all-too-common view of business: the wannabe moguls try to impress Donald Trump (or Tokyo Sexwale, in the South African chapter of the series) by preening, cajoling and conniving.
Although Cashbuild’s underlying sales growth was flat, it nevertheless registered stronger profit, the company which sells building materials to low-cost homeowners said yesterday.
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. [
De Beers plans to more than double its jewellery stores worldwide this year on expectations of rising demand.
African Bank Investments Limited (Abil) would use the acquisition of furniture retailer Ellerine as a springboard into the rest of southern Africa, a market it had shunned in the past, Abil chief executive Leon Kirkinis confirmed yesterday.
Right now the great “decoupling” theory is being tested. Proponents of this theory argue that the major downturn that is seen in the US economy, which looks like it may well become a recession, will not derail growth in emerging markets, including South Africa.
