South Africa news

19 July 2018
South Africa-based Shoprite has provided an operational update saying its total turnover rose 3.3% to ZAR145.6bn (US$11.0bn) in its 2017 financial year. The company noted the effect of hyperinflation in Angola, which impacted on results. Without the impact of hyperinflation in Angola, Shoprite said Group turnover increased by 3.6%, while excluding Angola from its results completely saw its tur...
25 June 2018
South Africa-based FreshStop is Food Lover’s Market forecourt format operating in Caltex fuel stations. It has quickly expanded to over 270 stores since its creation in 2009. We look at the latest developments to its proposition including its new format and expanding food-to-go range. Reaching remote rural areas FreshStop has introduced a new small format of around 40m 2 that will be rolle...
30 May 2018
South Africa-based, Walmart-owned Massmart has released its results for the first 19 weeks of 2018. We look at these in more detail, the challenges the retailer is facing, and its outlook for the remainder of the year. Sales growth driven by non-food Massmart’s performance has been mixed. Overall its total sales growth was 0.8%, to ZAR31.4 bn (US$2.5 bn), with -0.5% comparable growth. Th...
30 May 2018
SPAR International has enjoyed ‘ strong, continued growth ’ in 2017, with sales rising 5.3%, on a constant currency basis, to €34.5 bn. SPAR International said its performance had benefited from its continued focus ‘ to grow [its] presence through targeted expansion, and to drive retail development through expanding our multi-format retail strategy ’. Sustained expansion underpinning results ...
25 May 2018
South Africa-based retailer Shoprite has launched a new service called Shoprite Money. We look at what shoppers can use it for, and how mobile money is growing. Shopping and basic banking Shoprite Money has been created in partnership with Standard Bank, Google and Celbux (a global financial technology company). Shoppers do not need to have a formal bank account to be able to use it, just a...
26 April 2018
As South Africa-based Pick n Pay sets out its strategic investment plans for 2018 and Massmart looks positively on potential developments for the year ahead and Botswana-based Choppies announces H1 results, we round up news from the region. Pick n Pay to put focus on smaller stores… Following its positive full year results Pick n Pay’s chief executive, Richard Brasher, has said the reta...
19 April 2018
South Africa-based Pick n Pay has released its FY2018 results. They show a positive performance, with +5.3% in revenue. • Revenue increased 5.3% to ZAR81.6 bn (US$13.3m) in 2018 from ZAR77.5 bn (US$64.7) in 2017 • Like-for-like sales increased by 2.2% compared to 3.4% in 2017 • This was driven by a strong final quarter in South Africa where sales increased by 8% and like-for-like by 5.3% ...
05 April 2018
We look at the latest developments from SPAR in the Middle East and Africa. This includes launching a new m-money payment service in South Africa and expansion in Qatar. South Africa: eWallet payments SPAR South Africa has partnered with First National Bank to create a new payment method for shoppers. eWallet@till can be used to pay for purchases and make cash withdrawals through mobile pho...
28 March 2018
South Africa-based Massmart has announced its expansion plans for the next three years. This includes new stores in its home market of South Africa and others across Africa. Increasing retail space 36% Massmart aims to open 20 new stores across Kenya, Ghana, Mozambique, Zambia and Swaziland. Eight of these are planned to open in 2018, with the remaining 12 to be completed by 2021. This will...
21 March 2018
South Africa-based Pick n Pay is focusing on finding new ways to increase shopper loyalty by offering value in different ways. We look at how it is doing this through the introduction of two separate developments: a stokvel account and Smart Shopper promotion. Grocery stokvel account Stokvel’s are savings societies where members contribute fixed sums of money to a central fund. At the end o...