South Africa

PepsiCo Offers $1.7bn To Buy South Africa's Pioneer Foods

PepsiCo has made a $1.7 billion (€1.5 billion) offer to buy South Africa's Pioneer Food Group, the companies said on Friday, boosting the target's sha...

Steinhoff Reports $400m Loss In First Half

South African retailer Steinhoff reported a €356 million ($401 million) half-year loss from continuing operations on Friday, as the damage f...

Promotions On The Increase In Value-Hungry South Africa: Nielsen

Promotion levels are increasing in South African grocery retail, with 30% of total volume sold at a discounted rate last year, a new study by Nielsen has f...

South Africa's Woolworths Shares Rise On Sales Turnaround

South African department chain Woolworths said on Thursday it had turned around its fashion, beauty and home business after fixing poor product choices in...

South Africa Slings Back The Fynbos-Flavoured Gin

Last year, gin consumption in South Africa grew by an astonishing 50%, to half a pint for every man, woman and child. No wonder that distilleries are mu...

South Africa's Spar Group Sees H1 Profits Rise In Ireland, Switzerland Down

South Africa's Spar Group said that its Ireland-based operations posted profit before tax of €16.1 million (R256.4 million) in the first six months of...

Steinhoff Posts $4bn Operating Loss For Fiscal 2017

South African retailer Steinhoff has reported a $4 billion operating loss in the 2017 fiscal year, in a much-delayed earnings report revealing the impact o...

South Africa's Massmart CEO Resigns As Retailer Eyes Africa Expansion

Massmart Chief Executive Guy Hayward will step down before the end of the year, the South African retailer said on Monday, ending five years at the helm of...