South Africa news

24 April 2014
South Africa-based Shoprite has announced plans to continue to grow its store presence in its home market and across the continent with both its food-focused banners and furniture stores. Store growth to continue in Zambia Shoprite Zambia’s general manager, Charles Bota, has announced that the retailer is set to open six further stores in Zambia by the end of 2015, which will grow its presenc...
24 April 2014
South Africa-based Clicks, a health and beauty focused retail and supply group, has announced first half sales saying that group turnover rose 9.6% to ZAR9.3 billion (US$878.7 million) driven by its pharmaceutical wholesaler arm UPD. Weak consumer spending limits retail growth The company noted that sales in its retail division grew by 7.4%, with it saying that consumer spending remaining c...
24 April 2014
Following on from the retailer’s announcement of positive full year results, Pick n Pay has highlighted the positive effect of its targeted strategy and the continued strength of its Smart Shopper loyalty programme. Strategy to maintain focus on fresh produce and new stores Pick n Pay has said that following on from its annual results, it will maintain its strategy in the medium term, continu...
15 April 2014
South Africa-based Pick n Pay has announced full year results saying sales rose 6.5% – or by 7.6% on a comparable 364 day period – with total till sales reaching ZAR73.0 billion (US$6.9 billion). The retailer said that turnover rose by 6.5% – 7.7% on a comparable period – to ZAR63.1 billion (US$6.0 billion). Expansion underpins growth at home and across Africa Pick n Pay said that it opened 1...
11 April 2014
Speaking at the Reuters Africa Investment Summit in Johannesburg South Africa-based Woolworths’s head of international operations, Paula Disberry, has set out the retailer’s medium term expansion plans for sub-Saharan Africa. Retailer aims to add 15 stores Disberry said that Woolworths was aiming to open 15 stores in sub-Saharan Africa, including in Kenya, Mauritius and Namibia, during the ne...
11 April 2014
South Africa-based, Walmart-owned Massmart has announced that its chief executive, Grant Pattison, is stepping down and will be replaced by the retailer’s existing chief operating officer, Guy Hayward. Pattison steps down after seven years as CEO Grant Pattison will step down as Massmart’s CEO on 1 June 2014, after seven years in the role. Discussing the decision, Pattison said: “ I have been...
09 April 2014
South Africa-based Woolworths has announced that it will acquire Australia-based department store chain David Jones for ZAR21.4 billion (US$2.0 billion). Acquisition will create ‘ a leading southern hemisphere retailer ’ Woolworths, in its statement announcing the acquisition, said that the purchase of David Jones will create a ‘ leading southern hemisphere retailer with pro-forma combined FY...
03 April 2014
The latest news from leading players in the region including South Africa-based Shoprite’s opening of a store in northern Nigeria, further delays to Sonae’s first hypermarket in Angola and how Nakumatt’s acquisition of Shoprite’s stores in Tanzania has been postponed, amongst other items. Shoprite opens store in northern Nigeria As part of the retailer’s strategy to open 44 supermarkets outsi...
04 March 2014
South Africa-based, Walmart-owned Massmart has, in the last week, reported its annual sales, discussed opportunities in Nigeria and concerns about how an increase in interest rates may affect consumer confidence and spending in its home market. ‘Extra week’ boosts annual sales In its annual results statement Massmart said that total sales had risen by 9.8% to ZAR72.3 billion (US$6.68 billion)...
26 February 2014
At Walmart International’s meeting for the investment community this week, its new President and CEO, David Cheesewright outlined the priorities for the division under his leadership. Simplifying the business In his first set-piece presentation heading up Walmart International, David Cheesewright outlined six key areas of focus for the next 12 months. The key theme of the presentation, an...