South Africa news

15 January 2015
South Africa-based retailers Massmart and Shoprite have published trading statements for different time frames, with Massmart reporting that sales rose 10.4% in the year to 28 December and Shoprite saying that turnover rose by ‘ about ’ 12.5% in the six months to December 2014. Massmart performance driven by Massbuild division The retailer said that during the 52 weeks to 28 December 2014, ...
07 January 2015
On the publication of the retailer’s annual report, SPAR (South Africa) has set out its investment plans for 2015 for its operations across sub-Saharan Africa and in Ireland and the UK following its acquisition of an 80% stake in Ireland-based BWG Foods. Expansion to be ahead of 2014’s pace In South Africa specifically the retailer said that it is aiming to open 35 new Spar stores during 201...
19 December 2014
As Kenya’s Nakumatt and Uchumi and Carrefour’s franchisee for a number of African markets, CFAO, have announced expansion plans, they and South Africa-based Pick n Pay have said they will be investing in existing stores to aid growth, we round up news from the region. Nakumatt planning for partnership for 2015 and doubling of market share The head of strategy and operations for Kenya-based ...
11 December 2014
As online consolidation continues in South Africa, Pick n Pay invests in Zambia, Choppies sets out its ambition to generate turnover of US$350 million in Zimbabwe by 2018 and Shoprite announces plans to add Debonairs Pizza restaurants in Angola, we round up news from the continent. Choppies aiming for US$350 million in Zimbabwe by 2018 Following the opening of its 16th store in the country ...
26 November 2014
As Botswana-based Choppies and South Africa-based Shoprite set out their expansion plans, South Africa’s Woolworths and Pick n Pay highlight the benefits of buying locally, especially in fresh, and Masssmart announces plans for click and collect lockers, we round-up news from the region. Massmart-owned Makro looks at online fulfillment options Makro has announced that it has entered into an...
14 November 2014
As SPAR Group announce its results, Massmart’s Makro announces plans to trial click and collect lockers and Pick n Pay and Woolworths (SA) discuss expansion outside their home markets, we round up news from South Africa’s grocery retailers. SPAR (SA) sees sales grow 15% in FY results SPAR has announced full year results for the year ending September 2014 saying that turnover rose 15% to ZAR...
13 November 2014
While Walmart's improving US performance  dominates the headlines, we take a look at the wider performance of the business in Q3. The results: our quick take Having issued new guidance last month, downgrading sales growth to 2% to 3% for the full year, the results were broadly in line with expectations. Under the leadership of Doug McMillon, the retailer’s President & CEO since February t...
06 November 2014
We recently attended Walmart’s annual meeting for the investment community, providing us with an opportunity to hear directly from the retailer’s senior leadership on plans for the year ahead. Doug McMillon, Walmart’s President & CEO, outlined how the company had adopted a new ‘enterprise approach’ in developing its strategy. “We’ve taken a fresh look at where we want to play – what businesse...
16 October 2014
South Africa-based Pick n Pay has announced results for the 26 week period ending 31 August saying turnover rose 6.8% to ZAR32.1 billion (US$2.9 billion), with till sales rising 7.1% to ZAR37.4 billion (US$3.4 billion). The retailer said that it had enjoyed ‘strong trading profit growth driven by good expense control and improved operating efficiencies’, which was up by 21.8% to ZAR387 million (U...
24 September 2014
With Nakumatt opening a store in Kenya to target new shoppers, Botswana-based Choppies driving revenue growth, Pick n Pay announcing it set to complete a key development in its supply chain evolution in 2016 and Tuskys receiving approval of its acquisition in Kenya, we round-up news from Africa. Nakumatt’s new store to target lower income shoppers Kenya-based Nakumatt has announced that it ...