South Africa

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...

Tereos Commodities To Shut Sugar Operations In Kenya, South Africa

French sugar maker Tereos said Tereos Commodities would close its offices and halt sugar trading in Kenya and South Africa by the end o...

South Africa's Massmart Falls To H1 Net Loss As Costs Rise

South African retailer and wholesaler Massmart Holdings reported a half-year net loss on Thursday hurt by higher costs, foreign exchange losses and slower...

South Africa's Shoprite Sees Sales Up Despite Wider Africa Declines

Shoprite Holdings has posted a 3.6% increase in group sales in the 12 months to 30 June, to R150.4 billion (€8.82 billion), however the group's non-So...