South Africa news

16 August 2017
A year and a half on from the easing of the UN sanctions in Iran, we look at how its economic environment is changing, and what this means for retailers. Removal of sanctions With the easing of the UN sanctions Iran has returned to the global economy. Through the process it has received US$55 bn worth of frozen assets, representing an almost 14% gain of the country’s GDP. World leaders hope...
11 July 2017
CFAO (Compagnie Française de l'Afrique Occidentale) has recently opened its second Carrefour store in the Côte d'Ivoire. We look at how this is part of Carrefour’s plans to expand further across sub-Saharan Africa. Building a foundation and adapting to the African shopper Carrefour’s 45% stake in its joint venture with CFAO began in 2013. It gives CFAO the exclusive distribution rights to o...
05 July 2017
Lakheni is an initiative that formalises a system existing in many low-income communities. It uses group buying power to lower the costs of groceries. By communities shopping collectively and buying in bulk from suppliers, rather than retailers, they can save up to 20%. Lakheni has digitalised this process to help communities in South Africa. How it works; 1. Shoppers join a local buying gr...
21 June 2017
Although Shoprite is known for its low price and focusing on offering value for money, it has announced it is set to increasingly focus on attracting the high-end shopper. The retailer’s initiative comes despite South Africa falling into recession in March 2017, and reports suggesting that shoppers feel as though they have less money in their pockets. Shoprite’s change of strategy Shopri...
15 June 2017
After seeing continuous development in the forecourt space across South Africa, we look at how retailers are expanding and evolving the format in the country. Fresh Stop: premium, fresh produce Food Lovers Market’s forecourt banner Fresh Stop has over 250 stores on Caltex forecourts. This is more than Woolworths, Spar and Pick n Pay combined. It aims to differentiate itself through offering...
06 June 2017
SPAR SA saw a half year increase in sales, revenue and profit. Sales increased by 12.6% to ZAR 47.7 bn (USD 3.65 bn). This was helped by a strong performance in Tops liquor stores with sales increasing by 9.1%. Heightened competition and weak economic growth The positive results come after a challenging few months for SPAR SA. There has been weak economic growth and political uncertainty, i...
31 May 2017
We consider the latest news from SPAR International as the SPAR South Africa reports its first half results and SPAR Norway launches online in the north of the country. SPAR South Africa reports double digit growth... SPAR South Africa has seen sales half-year increase by 12.6% to ZAR 47.4bn (€3.25bn). The South African operation saw growth of 4.9% to ZAR 32.5bn (€2.23bn). CEO Graham O’Conn...
31 May 2017
Massmart has reported a drop in same store sales of -1.9% for the first five months of 2017. This was caused by stores outside Massmart’s home market, South Africa. Same store sales for South African stores were -0.4% and stores outside South Africa were -15.7%. Positive sales in food Massmart has however reported positive sales from its food business. Game South Africa total sales growt...
25 May 2017
Fresh Stop, Food Lovers Markets forecourt banner, opened its 250th store earlier this year. We look at its delivery of fresh, and its future expansion plans. Expertise in fresh After Fresh Stop’s first opening in 2009, it has quickly expanded, converting unbranded stores in Caltex petrol stations to the Fresh Stop banner. Bringing expertise in fresh, it aims to create a premium forecourt fo...
18 May 2017
We review Walmart's first quarter results and the drivers behind its performance. Walmart's key numbers Walmart's total revenue in Q1 increased by 1.4% to $117.5bn Ecommerce sales in the US up 63% Sales in its US stores and Sam's Club division increased by 2.9% and 2.8% respectively International net sales were down 3.5%, although increased by 0.8% on a constant currency basis ...