Markets/South Africa/News

South Africa news

31 August 2023
Woolworths Holdings reported a strong set of results for FY23, which ended on 25 June 2023. Turnover for the group rose 6.9% YoY to ZAR93.0 bn (US$5.0 bn). Particularly in the food sector, revenue rose 8.5% annually, with growth accelerating in H2 motivated by more shoppers and improved on-shelf availability. Increased sales and surge in gross profit YoY Woolworths Food revenue reached ZAR4...
28 July 2023
Shoprite Holdings reported a positive group performance, achieving a total sales of around R215 bn (USD$12.2 bn), with like-for-like (LFL) sales growing by 16.9% compared to a full financial year ended on 2 July 2022. South Africa region (RSA) supermarkets performance Supermarkets RSA, being the core business of Shoprite, achieved a sales growth of 17.8% (LFL 10.3%), which accounted for 80....
28 July 2023
Pick n Pay has introduced two new coffee ranges under its private labels. It expanded the Premium Crafted Collection with new coffee options, and launched an exclusive coffee private label known as The Roastery Premium Crafted Collection by Pick n Pay. Increasing demand for coffee consumption at home Pick n Pay claimed that the sales of coffee plungers and machines in South Africa have grow...
20 July 2023
Our global analysts share some of the latest headlines across the globe. Here's what you need to know. Don’t miss our latest insights UK food-to-go market 2023-2028 Our predictions for the food-to-go market over the next five years. We examine the short and longer-term outlook for each sub-sector (coffee specialists, food-to-go specialists, QSR, convenience/forecourts and superma...
18 July 2023
SPAR International disclosed the latest technological developments. It will continue to integrate data analytics into the business, open more unmanned stores, and renovate retail experiences. Extensive data analytics integration in business Delegates from SPAR International and data analytics experts came together in the Netherlands, discussing implementation of data analytics in in-store c...
29 March 2023
Walmart International's President and CEO, Judith McKenna took a deep dive into global retail at the Shoptalk event in Las Vegas. We look at the shifts it’s seeing in consumer priorities and how it’s responding. Shifting priorities Walmart International, with a presence in six major markets serving nearly 40% of the world's population, holds a distinctive perspective on global retail. The c...
01 February 2023
Shoprite’s results for the half year ending January 1 st 2023 show despite the challenges the retailer faced, it was a good end to the year. Key figures Total Group (including supermarkets and LiquorShop) : sales +16.8% to R106.3bn   Supermarkets (including LiqourShop) : sales +17.5% to R85.1bn Like-for-like sales +11% 191 net new stores were added over the previou...
29 August 2022
Walmart and Massmart have reached an agreement in principle on a R6.4 bn offer from Walmart to acquire the outstanding shares (47%) in Massmart that it does not already own. Missed expectations Walmart initially acquired a 51% stake in Massmart in 2011. While it was seen as a long-term investment in the region, to capitalise on a significant growth opportunity, the deal hasn’t lived up to i...
21 June 2022
Our latest research reveals that Walmart’s revenue is set to reach almost $750 bn by 2027. Between 2021 and 2027 it is expected to grow by 4.7% on a CAGR basis, reaching $747.6 bn. $180 bn growth opportunity Our new report Strategic outlook for Walmart , reveals that Walmart’s growth will be led by its operations in the USA, India and Mexico. Over recent years the retailer has recast i...
17 February 2022
As Walmart’s revenue approaches $570bn, we look at what’s driving its continued strong performance and consider what’s next for the business as it starts to gain traction with its flywheel model. Walmart's key numbers Walmart's total revenue in Q4 increased by 0.5% to $152.9bn, negatively impacted by divestments of $10.2bn Sales in its US stores increased by 5.7%, with Sam’s Club up 1...