South Africa news

23 September 2014
Total has announced that in conjunction with Famous Brands it will be launching a new format for the forecourt channel, increasing competitive levels in the channel in South Africa. Famous Brands to add Thrupps stores on Total forecourts Famous Brands and Total announced the trial of the new forecourt offer, which they said was aimed at rivalling that from Engen and Woolworths . Famous Bra...
01 September 2014
South Africa-based Pick n Pay has launched Brand Match, a price comparison mechanic that will see it compare prices on 1,000 branded products. The announcement comes after rivals published results that suggested the market is becoming ever more competitive as shoppers remained under pressure in the face of difficult economic conditions. Offer to compare 1,000 branded products Pick n Pay’s B...
26 August 2014
As Kenya-based Nakumatt reveals plans for an IPO, Fruit & Veg City expands into Swaziland, South Africa’s Shoprite, Pick n Pay and Woolworths makes strategic moves across the continent, we round-up news from Africa. Nakumatt plans for IPO to fund further expansion Kenya-based Nakumatt has announced plans to list a 20% to 25% stake on the Nairobi stock exchange in the next five years, follow...
14 August 2014
Walmart’s consolidated net sales increased by 2.8% for Q2 FY15 (three months ended 31 July), to $119.3bn, with sales in its US stores and Sam’s Club divisions up 2.7% and 2.3% respectively. International sales were up 3.1% to $33.9bn. Consolidated net income attributable to Walmart grew by 0.6%. The results: quick take Although there is still work to be done to drive stronger growth in t...
13 August 2014
With Nakumatt officially opening of three new stores in Tanzania and espousing the benefits of its private label, Pick n Pay boosting the benefits of its Smart Shopper programme for Absa’s clients and Kenya-based Vivo Energy looking to grow its convenience store presence, we round-up news from Africa. Nakumatt reopens first ex-Shoprite store in Tanzania Kenya-based Nakumatt has announced th...
12 August 2014
South Africa-based SPAR Group is set to acquire an 80% stake in Ireland-based BWG Group for €55 million. BWG has operations in Ireland, where it owns the SPAR brand, and southwest England, servicing more than 1,100 stores, of which 100 are company owned, and generates a turnover of approximately €1.2 billion. Acquisition adds global angle to SPAR (South Africa)’s operations… The purchase o...
06 August 2014
Walmart has re-launched its Walmart.com platform, overhauling existing features and introducing a number of new ones, to deliver a more personalised and faster shopping experience. Pangaea provides foundation for global best-practices The foundation for the improvements which are being made to the website is the retailer’s internally developed Pangaea ecommerce platform. This brings togeth...
22 July 2014
Our team of analysts travel around the world, seeking out the latest in FMCG retail innovation. We have selected some of our favourites from the stores we visited in the first half of 2014. HyperCITY, Mumbai, India Selected by Nick Miles, Asia-Pacific Region Manager One of the most innovative modern trade retailers in India, HyperCITY is pushing the boundaries of format development. Pr...
17 July 2014
After retailers like Pick n Pay and SPAR South Africa announce expansion plans and Massmart and Woolworths (SA) discuss their sales performance, we round-up the news from the region. Massmart sees sales grow in H1, driven by non-food banners In the retailer’s first half of its financial year, Massmart said that total sales had risen by 10.2% to ZAR35.7 billion (US$3.3 billion), driven by co...
15 July 2014
South Africa-based Shoprite has announced preliminary second half and full year results for its financial year ending June 2014 saying that in the 12 month time frame turnover rose 10.5% to ZAR102.2 billion (US$9.5 billion), driven by its strong performance in the second half of the year. Growth propelled by non-food division… Shoprite said that full year turnover growth reached 10.5%, aide...