Truworths has adopted a cautious and incremental approach to store expansion plans outside SA in order to gain a better understanding of the operating environment and the market potential, the fashion retailer said in its annual report, released last week.
Zeenat Moorad 30 Sep 2013
In SA, Famous Brands produces 265,000 cups of specially blended coffee a day. With 2,175 restaurants, the company, whose brands include Wimpy, Steers and Mugg & Bean, also makes 77m ice-cream cones a year. It's the big daddy of SA franchising, with a R9,7bn market capitalisation, and it wants to repeat its local success in the rest of Africa.
Zeenat Moorad 16 Sep 2013
After 23 years in SA's R6bn fruit industry, many of them as managing director of Tru-Cape Fruit Marketing - SA's biggest producer of apples and pears - Charles Hughes is retiring without having fulfilled his ambition of gaining access to China's vast market. He blames it on the SA government.
16 Sep 2013
Walmart-owned Massmart on Thursday (22 August) reported a 9.9% fall in first-half profits‚ as consumers in Africa's largest economy came under pressure.
Zeenat Moorad 22 Aug 2013
To paraphrase from the iconic Star Trek, Africa is the "next (as opposed to the final) business frontier". And judging from exceptional recent economic growth, wealth in natural resources and sheer international business interest on the continent, it seems no-one has trouble believing this.
19 Aug 2013
NAIROBI, KENYA: A devastating fire shut down Nairobi's international airport on Wednesday (7 August) in a major crisis that forced scores of flights at east Africa's biggest transport hub to be cancelled or diverted.
8 Aug 2013
Public Enterprises Minister Malusi Gigaba has called for greater scrutiny of funding that comes from Brics countries such as China when it comes to infrastructure investment in Africa.
Nicky Smith 17 Jul 2013
LONDON, UK: The number of attacks by pirates worldwide has fallen in the past year but armed robbery and kidnappings at sea have surged off the coast of west Africa, a maritime body said on Monday (15 July).
16 Jul 2013
Low-cost airline Mango's capacity will increase as it adds 30 weekly flights to its schedule after taking delivery of two new Boeing 737-800 aircraft in August.
9 Jul 2013
Unilever Global says Africa is its next growth market and has rolled out what it calls a sustainable living plan to the continent.
21 Jun 2013
Famous Brands has reported that its franchise sales increased 16.8% in the March to May quarter with a 16% improvement in South Africa and a 27.2% improvement in the rest of Africa region.
19 Jun 2013