South Africa

South Africa's Astral Foods' Profits Hit By High Feed Costs, Drought

South Africa's Astral Foods Limited said on Monday its full-year profits plunged by 55% after higher feed costs hit its poultry division, a decline it firs...

South Africa's Pioneer Food Reports 6% Fall In Annual Profit

Food and drinks company Pioneer Food Group Ltd on Monday reported a 6% fall in full-year profit and said it expects its takeover by PepsiCo Inc for $1.7 bi...

South Africa's Spar Group Sees Profits Up Despite Consumer Pessimism

South African retailer and wholesaler Spar Group said on Wednesday that normalised annual profit rose 10% in its latest financial year as it rode out poor...

Dry, Hot Weather Threatens South African Grain Crops

Farmers in South Africa are concerned that a drought and hot weather could delay the coming season's plantings of grain crops and damage yields. "I...

Shoprite's USave A Bright Spot In S.Africa's Slowing Economy

In a bright spot amid South Africa's economic woes, Shoprite Holdings managed a 7.3% rise in quarterly revenue as shoppers turned to its discount unit USav...

South Africa's Pick n Pay First-Half Earnings Rise 9.5%

South African supermarket retailer Pick n Pay Stores Ltd posted a 9.5% rise in first-half earnings on Tuesday, with strong growth in its core domestic oper...

South African Consumer Confidence Up Slightly In Q2

South African consumers were marginally more confident in the second quarter of the year, the latest Nielsen Consumer Confidence index for Q2 2019 has foun...