South Africa

7 Retail And Food Trends To Watch In Africa In 2024

In Africa, the retail and food industries have been undergoing major changes in recent years. Here here are seven trends to watch.

South Africa's RCL Foods To Spin-Off And List Rainbow Chicken Business

South Africa's RCL will unbundle its Rainbow Chicken business and list it on the Johannesburg stock exchange as part of a strategic review, the food produc...

South Africa's Woolworths H1 Profit Falls As Shoppers Spend Less

South African fashion retailer Woolworths reported a 7.5% fall in half-year earnings, as consumers pulled back on discretionary spending and the count...

South Africa's Pick n Pay Plans €190m Rights Issue, Listing Of Discounter Boxer

South Africa's Pick n Pay said it was planning a rights issue to raise up to 4 billion rand (€190 million) and listing its discount grocery chain Boxe...

South African Breweries Turns To Lime Farming To Support Corona Beer

A shortage of limes in South Africa has prompted AB InBev's South African Breweries (SAB) to invest 19 million rand ($999,000) in a local lime farming proj...

SPAR Group Posts ‘Resilient’ Trading Performance

SPAR Group, which operates SPAR businesses in Ireland, Switzerland, Poland as well as its native South Africa, has reported a 9.3% increase in turnover in...

Black Friday, Holiday Sales Spur Demand At South Africa's Shoprite

Shoprite, South Africa's biggest supermarket group, reported a nearly 14% jump in its half-year sales, supported by a record Black Friday and festive seaso...