Taste Holdings, the AltX-listed restaurant company, was evaluating opportunities outside the country to expand its Scooters Pizza brand, but nothing had been finalised, chief executive Carlo Gonzaga said yesterday.
African Bank Investments Limited (Abil) said yesterday that it had stopped the controversial practice of “upfront” accounting at its Ellerine acquisition, putting further pressure on furniture rivals the JD Group and Lewis to follow suit.
By Tom Robbins
Cape Town - Less than half the detergents Pick n Pay ordered from multinational Unilever arrived in time, the supermarket chain said yesterday.
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.
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.
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.
Consumers are set to endure another nine months of tough economic conditions, with the cost of debt already 40 percent higher than in 2006, according to Anil Thakersee, the managing director of unit trusts at Old Mutual Investment Group South Africa (Omigsa).
Credit sales at the JD Group fell sharply, as expected, but consumer arrears fell only marginally at the company that owns national retail chains such as Morkels and Incredible Connection.
Retail confidence fell sharply to a three-and-a-half-year low in the fourth quarter of the year as spending slowed on higher interest rates, a new survey showed yesterday.
January 15, 2008
By Tom Robbins
Cape Town - Sales growth at Massmart’s home improvement division had outperformed its other retail units, despite signs that high interest rates were starting to bite into the home renovation market, the firm said yesterday.
