South Africa news

15 May 2017
After the recent launch of Shoprite’s ‘Made in Nigeria’ campaign, we round up what African retailers across the region are doing to support local buying. Nigeria: Shoprite and Spar Shoprite launched its ‘Made in Nigeria’ campaign in March this year. It aims to source over 80% of products locally. Elsewhere, Spar supports small businesses by allowing them to showcase products in one of its...
09 May 2017
A rise in smartphone ownership within the low-to-middle class has led to various developments across Africa within online grocery retailing. 1. South African innovative app: Wagadu Wagadu, from tech start-up Timbuktu, is an app that enables shoppers to buy basic groceries, from fresh fruit to cleaning products. As more people own smartphones than laptops in South Africa, an app offers bette...
26 April 2017
On the back of announcing positive results for FY2017 , we review the five areas Pick n Pay will be focusing on in its 2018 financial year as it looks to sustain the improvements to its in-store customer experience. Improving the customer experience Pick n Pay is committing 80% of its capital expenditure to investing in its customer experience. This will be delivered through a five-part...
25 April 2017
Pick n Pay has reported positive FY2017 results after a year of focusing on three key areas of the business; modernising stores, prioritising the customer and refining operational processes. Positive performance Turnover rose by 7% ZAR77.5 bn (USD5.8 bn) in the FY2017, compared to ZAR72.4bn (USD5.4 bn) for FY2016. Like for like turnover growth was 3.4% (FY2016 3.8%). The Pick n Pay esta...
25 April 2017
Pieter Engelbrecht, Shoprite’s chief executive, has, as part of an interview with Reuters, said it is investigating opportunities outside Africa. Engelbrecht said the retailer was looking at growing markets in Eastern Europe and Latin America. Shoprite targeting low competition, high economic growth markets Engelbrecht said Shoprite is looking at opportunities in Eastern Europe, but so ...
18 April 2017
In different announcements, South Africa-based Pick n Pay is evolving its Smart Shopper loyalty programme, while separately it has said it is expecting its full year Headline earnings per share to increase by between 15% to 20%. Changes to Smart Shopper Evolving the scheme, Pick n Pay has said shoppers will need to spend ZAR200 (c. US$15.0) to get ZAR1 (US$0.07) back, versus ZAR100 (c. US$7...
18 April 2017
After following a strict strategy to increase profits, Massmart's chairman, Kuseni Dlamini, in an interview with African Business, has announced that the retailer remains positive about the future and is considering further expansion opportunities. Strategy focused on driving profitability Dlamini said that Massmart has focused on driving profitability throughout its operations, operating ...
11 April 2017
South Africa-based Woolworths has opened a new store concept under the Now Now brand. The retailer has said that Now Now is designed to meet customers' meal on-the-go needs. The outlet has been opened in the retailer's flagship Longmarket Street store in Cape Town. More Now Now stores are expected to open across South Africa in the short term. How it works Now Now can be accessed via an ...
04 April 2017
Despite difficulties in the region, Choppies is planning to continue its expansion throughout Africa. The strategy is aimed at increasing long term profitability. Plans for new stores Choppies’ expansion encompasses many countries, the most recent of which was its first store in Mozambique. The Tete store was opened in January of this year. Two more stores are planned to be opened in 2017, ...
28 March 2017
South Africa-based Pick n Pay has said that it will invest ZAR500m (US$39.8m) in lowering the prices of more than 1,300 essential products. The investment in prices comes as the economic backdrop in the country remains poor and shoppers cut back on spending. Investment aimed at aiding shoppers Announcing the investment in prices, Pick n Pay highlighted how salary growth, which was running a...