South Africa

South African Retailers Slump As Woolworths Clothing Sales Drop

South African retail stocks slumped, heading for the lowest in almost seven months, after Woolworths Holdings Ltd. said clothing sales fell, adding to simi...

Shoprite Founder Basson To Step Down After 37 Years At Helm

Shoprite Holdings Ltd has said that founder Whitey Basson will retire as chief executive officer, ending a 37-year tenure that saw the South Afri...

Entrepreneurs Lead Rémy Martin Promotions In South Africa

Founder and CEO of marketing company DNA, Sylvester Chauke, as well as Madoda Khuzwayo, the creator of Hostdriver (a provider of domain and web hosting ser...

Spar South Africa Promotes Sustainable Seafood

Spar South Africa has taken steps to ensure that its own brand seafood supports sustainable and well-managed fisheries, as part of an initiative to promote...

Pick n Pay Profit Rises As Discounts Lure South African Shoppers

Pick n Pay Stores Ltd has said that first-half earnings gained 18% as the South African supermarket chain attracted shoppers with discounted goods and open...

Mondi Says Selling Prices May Improve In 2017 As Profit Rises

Mondi Ltd., a South African manufacturer of packaging for products from coffee beans to industrial chemicals, said third-quarter profit rose 3 percent and...

‘Catastrophe’ Seen By South Africa Agriculture Due To Drought

As South Africa’s worst drought in more than a century persists, crops besides grains are under threat as irrigation reservoirs drain, and that could...

Pick n Pay Rises as Retailer Says Consumer Pressure to Ease

Pick n Pay Stores Ltd. shares rose the most in two weeks after the South African supermarket chain said first-half earnings gained as much as 25 percent an...