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Africa Archive

Mugabe changes course as Harare woos IMF

10 March 2016 | Super User | Africa

Zimbabwe's President Robert Mugabe agreed to major reforms, including compensation for evicted white farmers and a big reduction in public sector wages, as the government tries to…

Pick n Pay and Woolworths sign up for Kabulonga Mall in Lusaka - Zambia

12 February 2016 | Super User | Africa

Pylos Zambia is proud to announce it has secured Pick n Pay and Woolworths as anchor tenants for Centro Kabulonga, a 7100 m2 GLA retail center under construction in the Kabulonga…

Shoprite positions for Moz market with new store

21 August 2015 | Super User | Africa

South African grocer, Shoprite is to open a new store in Tete, Mozambique as companies in Africa's second largest economy spread their wings elsewhere across the continent.

CV fraud in South Africa at record high

14 July 2015 | Sandra | Africa

A background screening company says that 2015 is proving to be a record year for credentials cheats, with criminal record checks for prospective employees now topping 12%.

Nestlé cuts 15% of its Africa workforce

17 June 2015 | Super User | Africa

Swiss food and drinks company Nestlé SA is cutting 15% of its workforce in 21 African countries because it says it overestimated the rise of the middle class, the Financial…

Why Shoprite is beating Wal-Mart in Africa stakes

10 June 2015 | Sandra | Africa

When Wal-Mart Stores spent $2.4bn on a stake in South Africa's Massmart five years ago, the world's biggest retailer said it was buying a gateway to high-growth markets in sub-Sah…

Why Shoprite is beating Wal-Mart in Africa stakes

10 June 2015 | Super User | Africa

When Wal-Mart Stores spent $2.4bn on a stake in South Africa's Massmart five years ago, the world's biggest retailer said it was buying a gateway to high-growth markets in sub-Sah…

Spar close to signing deal in Zambia

25 May 2015 | Sandra | Africa

Having recently bedded down an Irish acquisition, Spar Group on Wednesday said it was close to signing a deal to expand into Zambia. Retailers are eyeing additional revenue stream…

Xenophobic attacks may harm image of local business

15 April 2015 | Sandra | Africa

The xenophobic violence outbreak in Durban could harm the image of South African big business investing around the continent, said political analyst Prof Somadoda Fikeni. by Khu…

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