South Africa news

16 November 2018
SPAR South Africa's CEO, Graham O’Connor, has reported a growth in sales following the company's 2018 full year results. O'Connor said that the retailer's South African operations had benefited from  President Cyril Ramaphosa’s drive to encourage inward investment into the country. At a group level, SPAR South Africa said its turnover grew 5.8%, while operating profit rose 7.9%. Investment dri...
08 November 2018
Spar South Africa has revealed plans to develop its digital strategy. The retailer hopes it will “streamline its IT operations and maintain its competitive edge in the local retail market” . SPAR adopts Microsoft Office 365 The retailer has adopted Microsoft Office 365 and the cloud computing service Microsoft Azure. Greg Hay, group technology and operations executive at the SPAR Group, ex...
19 October 2018
South Africa-based Pick n Pay reports its strongest six-month trading performance for five years. The retailer also extends its partnership with BP to benefit its loyalty programme customers. Positive H1 2018 results… Pick n Pay has reported growth of 19.1% in profit before tax in H1 2018. Profit reached ZAR670.2m (US$46.8m) compared with ZAR562.8m (US$39.3m) in H1 2017. The retailer’s LFL ...
01 October 2018
South African department store chain Woolworths has upgraded its mobile app to enable in-app shopping. Woolworths hopes the new feature will create a fully integrated customer experience and increase sales. Mobile transactions have increased 64% The retailer has invested in its mobile app to meet the growing demand for ecommerce. It has experienced a 64% increase in mobile transactions from...
01 October 2018
Pick n Pay has helped entrepreneurs, Armien and Yasmina Adams, open Something Nice Market in Blue Downs. This marks the third store in Cape Town to be opened under Pick n Pay’s spaza modernisation programme. The spaza modernisation programme Pick n Pay’s programme helps retail entrepreneurs to meet the growing needs of local communities by modernising their spaza stores. Pick n Pay equips t...
24 September 2018
South Africa-based Pick n Pay has released a trading statement as it finalises its H1 2019 financial year results. The announcement says it has enjoyed turnover growth of 6.4%, while its diluted headline earnings per share for the timeframe would come in between 95.43 and 100.88 cents per share, compared with a restated 54.53 cents per share in 2017. Statement reveals positive performance P...
29 August 2018
We look at South Africa-based Massmart’s interim results, its strategic priorities and predictions for the future. A difficult H1 Massmart has announced its interim results for the 26-week period ending in July; Sales were ZAR41.6bn (US$2.9bn), a decrease of 2.2% Comparable store sales fell by 3.9% Food sales declined 1.5%. Food suffered due to commodity deflation, which was est...
24 August 2018
As South Africa-based Shoprite announces its first annual profit decline in 19 years we look in more detail at the challenges the retailer has faced. A tough year CEO Peter Engelbrecht has said that 2017-2018 was; ” The toughest (year) that I can recall” Overall the retailer's turnover increased 3.1% to ZAR145.3bn (US$11 bn). However, trading profit declined 1.4% accounting for ZAR8bn...
06 August 2018
Trading in South Africa remains challenging, creating an increasingly competitive environment for retailers. We look at price changes, food inflation and how this has driven growth in private label. Mixed price changes across categories The Consumer Price Index has shown some positive results for South African shoppers. Although some prices have risen, many staple items have decreased. Brea...
01 August 2018
We look at how South Africa-based Pick n Pay is pledging to be more responsible to the South African community by increasing employment and being more sustainable. Loosing and gaining staff 2018 has seen mixed strategy from Pick n Pay. As part of its goal to make the business leaner, fitter and better for shoppers Pick n Pay reduced its employees by 10% throughout Q1. This was through...