South Africa

Woolworths To Close All Country Road Stores In Australia Amid Coronavirus

South Africa's Woolworths Holdings has temporarily closed all Country Road Group stores in Australia for four weeks and will stand down 5,000 employees the...

Panic Buying Forces South African Supermarkets To Ration Food

South Africa’s biggest supermarket, Shoprite, will limit purchases of some food products and medicines, it said on Thursday, as frantic sho...

South Africa's Massmart To Close Non-Performing Stores

South African retailer Massmart said it plans to close all of its non-performing stores, as cash-strapped consumers battle with high unemployment, modest w...

South Africa's Shoprite Forms Joint Venture With Equities Property Fund

South Africa's Shoprite Holdings will transfer its distribution centres and undeveloped land valued at 2 billion rand (€120 million) to a new joint ve...

South Africa's Lobster Catchers Suffer In Coronavirus Fallout

The lobster catchers of South Africa's Western Cape have become an unexpected casualty of the coronavirus after China halted imports of the West Coast rock...

Massmart CEO Says Not Ready To Let Department Chain Fail

Massmart's new chief executive Mitch Slape said on Wednesday he was not ready to let the firm's Game department chain fail as the South African retailer un...

South African Food Producer Tiger Brands Warns Of Interim Profit Fall

South Africa's leading food producer Tiger Brands warned on Wednesday that it expects half-year headline earnings to fall as much as 36% as its bakery and...

South Africa's Massmart Forecasts Annual Loss, Plans To Reorganise Business

South Africa's Massmart Holdings has forecasted a loss for the full-year as it battled tough trading conditions in the second half and said it will reorgan...