South Africa

Shoprite Profit Rises As South African Stores Prove Resilient

Shoprite Holdings Ltd reported full-year earnings in line with analyst estimates, as Africa’s largest food retailer boosted market share in South Afr...

Spar CEO Sees South African Politics Hurting Consumer Confidence

Spar Group Ltd. said the firing of South African Finance Minister Pravin Gordhan and subsequent credit rating downgrades had caused a “massive loss o...

Spar South Africa Reports Strong Sales Growth, Despite Swiss Slowdown

Spar Group (South Africa) has reported a 12.6% increase in half-year sales, to R47.4 billion, with its Southern African operation seeing growth of 4.9%....

South Africa Seen Raising Forecast For Biggest Corn Crop Since 1981

South Africa, the continent’s biggest corn grower, will probably increase its forecast for a bumper crop of the staple grain for a third time this ye...

Pick n Pay Profit Rises As Grocer Adds Fresh Produce, New Stores

South Africa's Pick n Pay Stores Ltd. reported a 17 percent increase in full-year profit as the South African supermarket chain extended its fresh-produce...

Spar South Africa Launches New Fitness Programme

Spar South Africa has launched a new fitness programme, My Home Gym, to promote an active lifestyle among its customers and employees. The programm...

Country Bird To Close S. Africa Plant On EU Chicken Imports

Country Bird Holdings Ltd., South Africa’s third-largest chicken producer, will close one of its three abattoirs as the local industry struggles to c...

Wal-Mart's Massmart Shares Climb As Profits Improve On Costs

Wal-Mart Stores Inc.’s experience in controlling costs is helping South African grocery and general goods retailer Massmart Holdings Ltd. improve pro...