South Africa news

24 September 2020
Woolworths (South Africa) has released full year results for the 52 weeks ending June 2020 that showed turnover fell by 1.2% to ZAR72.2 bn (US$4.3 bn). It noted its 2019 financial year had benefited from being a 53-week year. Underlining the challenging nature of the year, the retailer reported a 54.5% fall in adjusted profit before tax to ZAR2.2 bn (US$129.6m). COVID-19 had ‘ significant impa...
22 September 2020
Walmart is targeting zero emissions across its global operations by 2040. The retailer also plans to manage or restore at least 50m acres of land and 1m square miles of ocean by 2030 to help combat the cascading loss of nature. On the path to becoming a regenerative company These new goals represent a raising of ambitions at Walmart as the retailer aims to play a leading role in transformin...
10 September 2020
As Shoprite confirms its full year results and its exit from Kenya, SPAR South Africa evolves its management team and Massmart adapts its range, we round up news from the country. Shoprite enjoys growth at home… As it confirmed its full year results, Shoprite reported its sales rose 6.4% to ZAR156.9 bn (US$9.3 bn), with its trading profit increasing by 10.4% to ZAR8.3 bn (US$494.6m). It sai...
21 August 2020
South Africa-based, Walmart-owned Massmart has released a sales update and trading statement for the 26 weeks ending 28 June, which highlights the impact of COVID-19 on its performance and its expected loss for the period. Total sales fell 9.7% in H1 2020… Massmart said while it had enjoyed an uptick in sales in June, with total sales rising 0.8% versus the same month in 2019, this was not ...
12 August 2020
South Africa-based Shoprite saw sales in the 52 weeks to 28 June 2020 rise 6.4% to ZAR156.9 bn (US$8.9 bn), with like-for-like sales up 4.4%. The retailer’s performance was driven by its home market, where sales were up by 8.7%, aided by a strong second half of the financial year. The impact of coronavirus (COVID-19) on its results was underlined by Shoprite reporting that basket sizes grew 18.4%...
11 August 2020
South Africa-based Pick n Pay has published an earnings update, covering the 26 weeks to 30 August, which it says will ‘ reflect the considerable impact of the crisis to date ’. The retailer said the effect of three factors were expected to see it report a fall of more than 50% in its headline earnings per share. Mixed update highlights progress… In the update Pick n Pay highlighted how ‘ c...
30 July 2020
We round up new initiatives from Pick n Pay, Makro and Delivast, a new delivery start-up. Pick n Pay adds automated personalised discounts… Pick n Pay has added new personalised discounts to its Smart Shoppers loyalty programme. Since 14 July 2020, loyal shoppers receive biweekly discounts tailored to their shopping preferences, which are automatically downloaded to their accounts. The s...
29 June 2020
South Africa-based Pick n Pay has announced price reductions on essential items, a relaunch of its Fresh Living magazine and has opened its 300 th store under the Boxer banner. Price reduction on essential items To help households struggling to deal with the impact of the coronavirus (COVID-19) pandemic, Pick n Pay has announced an investment of ZAR500m (US$28.8m) in price reductions on es...
17 June 2020
South Africa-based, Walmart-owned Massmart has released a trading update for the 23-week period ending 7 June. In it the retailer underlined the challenging market conditions it has operated in and which continue to affect its performance. Total sales fall by 10.3% Massmart reported total sales of ZAR34.8 bn (US$2.0 bn). During the 23-week period total sales fell by 10.3%, while comparable ...
11 June 2020
We round up ecommerce initiatives from Pick n Pay, Massmart-owned Game, JamboPay, and Sokowatch. Game partners with Uber Eats for essential products South Africa-based, Massmart-owned Game has partnered with Uber Eats to deliver groceries and essential products through its app. The service will be available at 21 Game locations in Cape Town, Durban, Johannesburg, and Pretoria, with further ...