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Group CEO of Broll Property Group, Malcolm Horne has been appointment President of the South African Council of Shopping Centres (SACSC) at a recent Annual General Meeting.
“Stop the world I want to get off!” That’s a feeling that nearly all of us experience from time to time as we face the ever-increasing pace of change and the challenges it brings.
Shoprite wants to beat the market leader at its own game…. Checkers, part of the country’s largest supermarket group Shoprite Holdings, has mounted an onslaught on Woolworths’ lead in the convenience food market.
Clover, one of South Africa’s leading branded-foods and beverages suppliers, have recently acquired Olive Pride, a manufacturer and importer of olive oils, extra virgin olive oils, balsamic vinegars and related products.
December — by any standard — is not a month most investors expect to be confronted by big corporate tie-ups. Or at least it wasn’t until Steinhoff and Shoprite (officially) divulged news that they were indeed hatching a mega-deal to create a unit called Retail Africa through the merger of their African operations.
Group says the performance of Build It continues to defy pressure on consumer spending, with retail sales and same-store growth both increasing.Expansion into Switzerland helped grocery chain Spar grow revenue 24.5% to R92.2bn and attributable profit 27.7% to R1.8bn in the year to end-September, it reported.
And he has harsh words for former public protector Thuli Madonsela as he steps down. In a dramatic turn of events, Eskom CEO Brian Molefe has thrown in the towel and will leave the power utility on January 1.
The Competition Tribunal announced that it has approved – with conditions – the merger between Clicks and Netcare’s in-hospital “front shops”.
Whitey Basson, arguably SA’s greatest retailer, has announced that at the end of this year he would retire from the helm at Shoprite, which he built into an African grocery colossus. He says he is weary and ‘gatvol’.