South Africa

South Africa's Tiger Brands To Sell Baby Wellbeing Business, Excluding Purity

South Africa's biggest food producer Tiger Brands will sell its Baby Wellbeing business for 605 million rand ($33.4 million), but will exclude its Pur...

South African Supermarket Group Shoprite Lifts Annual Profit By 7.2%

South Africa's biggest supermarket group Shoprite's full-year headline earnings rose by 7.2% on double-digit sales growth, it said.

South Africa's Pick n Pay Says Its Boxer IPO Could Raise €408m

South African grocery retailer Pick n Pay has said that proceeds from listing its discount grocery chain Boxer could total 8 billion rand (€408 millio...

South African Orange Exports Hit By Bad Weather

South Africa has cut its orange export forecast for the 2024 season due to bad weather in key growing regions.

South Africa's Pick n Pay Prices Rights Issue At 32.48% Discount

South Africa's Pick n Pay will issue 252.2 million new shares at 15.86 rand per share in a rights offer to raise 4 billion rand ($221 million), it said.

South Africa Finds High Prices, Lack Of Competition In Its Fresh Produce Market

South Africa's competition watchdog has uncovered barriers to entry, distorted competition and price mark-ups in its fresh produce market, according to a p...