South Africa

South African Retailer Steinhoff's Quarterly Sales Up 3%

South African retailer Steinhoff reported a slight rise in quarterly sales on Thursday and said its business was still suffering from the effects...

South Africa's Shoprite Sees Profits Down 19% In Half-Year

South African-based retailer Shoprite has posted a 19.0% decrease in trading profit in the first half of its financial year, to R3.3 billon (€210 mill...

South Africa's Shoprite Names New Group Sustainability Manager

South African retailer Shoprite has announced the appointment of Sanjeev Raghubir as its new group sustainability manager. In his new role, Raghubir wil...

Shares In South Africa's Shoprite Dive After Profit Warning

South African retailer Shoprite looked set for its biggest fall in almost 20 years on Wednesday after it warned of a steep drop in half-year headline earni...

South Africa's Woolworths Hit By Sluggish Sales, Earnings Warning

South African department store operator Woolworths posted slower half-year sales growth, and said it expected its headline earnings to drop by 5% in the pe...

Private Label Commands 21.1% Of South African Market: Nielsen

Private label now accounts for a 21.1% share of the South African grocery market, up from 20% in 2017, according to a new report from research firm Nielsen...

Operating Profit Up 7.9% At Spar South Africa, Driven By Europe Sales

Spar Group, with operations in South Africa as well as Ireland and Switzerland, has posted a 7.9% increase in operating profit in its full-year earnings, o...

Spar South Africa Transforms Digital Strategy

Spar South Africa has announced that it is transforming its digital strategy to streamline its IT operations, and maintain a competitive edge in the local...