South Africa news

20 July 2016
As retailers from South Africa and Zimbabwe announce results and sales updates, we round up their performance. Woolworths (South Africa) sees group FY sales rise 17.1% Announcing preliminary full year results, Woolworths (South Africa) has said group sales rose 17.1% to ZAR61.97 bn (US$4.3 bn), while they rose by 12.3% excluding the benefit from its acquisition of Australia-based David Jone...
19 July 2016
As Shoprite expands in Nigeria and South Africa-based Bakery Corner does the same in its home market and retailers in South Africa launch new collectable campaigns, we round up news from the region. South African retailers launch collectables campaigns Following on from Pick n Pay’s successful Stikeez collectables campaign, both it and rival Shoprite have launched similar promotions as a wa...
13 July 2016
Poundland has reached an agreement with South African group Steinhoff International to accept a cash offer of £597m. This move fits perfectly with Steinhoff's strategy as it aims to become a leading value and discount retailer within the markets that it serves. Who is Steinhoff? Steinhoff is an international group that manufactures, sources and retails furniture, household goods and g...
28 June 2016
As South Africa-based health and beauty chain Clicks launches an online store, Carrefour’s franchisee for Kenya integrates Safaricom payments service and Pick n Pay evolves its ownership structure, we round up news from the region. For IGD’s perspective on the future of grocery retailing in sub-Saharan Africa see our insight presentation here if you are a subscriber or download it here ...
17 June 2016
As the Consumer Goods Forum’s Global Summit in Cape Town draws to a close and looks ahead to the 2017 gathering in Berlin, we look at the inspiring appearances from the former captain of South Africa’s Rugby World Cup winning team, Francois Pienaar, and laureates from the Enactus network, and presentations from the chief executives of Ahold, Dick Boer, and the Future Group, Kishore Biyani. Ins...
16 June 2016
If day one was about seizing opportunities in the face of disruption, day two gave way to some of the companies and individuals causing the disruption and how others are having to adapt to the changes. Supporting local entrepreneurs, to win globally Building on some of the themes from day one and setting the tone for day two were presentations from the chief executives of two young Afri...
15 June 2016
As the curtain falls on the first day of the Consumer Goods Forum’s (CGF) Global Summit in Cape Town we look at the key themes from the presentations by CGF vice co-chair Gareth Ackerman, Pepkor chairman Christo Wiese, Tesco chief executive Dave Lewis and others. Seizing opportunities in the face of disruption The Global Summit’s theme for 2016 is looking at how retailers and manufacturers ...
15 June 2016
As South Africa-based Clicks expands through a new deal with Netcare, Casino adds new services to its stores in Senegal, OK Zimbabwe forecasts a tougher year ahead and Kenya-based Naivas makes appointments to its management team, we round up news from the region. Clicks to manage Medicross pharmacies for Netcare Clicks and private hospital group Netcare have announced that the former will t...
10 June 2016
As South Africa-based Massmart and Zimbabwe-based OK Zimbabwe announce results, Botswana-based Choppies finally entered the Kenyan market and Engen broke through the 600 store mark for its Quickshop brand, we round up news from the region. Massmart to expand in 2016 as sales grow As it announced that group sales had risen 9% during the first 21 weeks of its financial year, Massmart said tha...
06 June 2016
.style1 { text-align: center; } Sandwiched in between James Corden, Nick Jonas and Katy Perry at last week's Shareholders' Meeting, Walmart's CEO, Doug McMillon, outlined how the retailer is taking the opportunity to re-imagine retail.  Writing chapter four of Walmart's story With the usual mix of formal presentations and entertainment, Walmart rounded off its annual Shareholders' Week ...