South Africa

Tongaat Sees Higher Sugar Revenue On Import-Protection Boost

Tongaat Hulett Ltd. expects to benefit from higher sales and prices spurred by import-protection measures in countries it operates in as South Africa&rsquo...

Shoprite Invests €510m In Angolan Supermarket Chain

South African retail group Shoprite plans to invest US$ 572 million (€510 million) in Angola to increase its distribution network, which consists...

Spar South Africa First-Half Profit Rises 5% As Sales Improve

Spar Group Ltd has said that first half-profit rose 5.3 per cent, as the South African food and liquor retailer increased sales despite a difficult co...

Fewer Grapes For South African Wine As El Nino Damages Harvest

South Africa’s wine-grape crop will probably be the smallest since 2011 after El Nino caused excess heat and dry weather, industry body VinPro said....

Gins Crafted From Rare Cape Berries Boost South African Sales

A growing taste for premium spirits among an emerging South African middle class has spurred an explosion in boutique gin producers, some of whom are flavo...

Pick n Pay Plans Nigerian Entry As Profit Rises Amid Sales Growth

Pick n Pay Stores Ltd announced plans to enter Nigeria as it posted a 26-per-cent increase in full-year profit after opening 175 new stores. The company...

AB InBev Pledges South African Fund To Smooth SABMiller Deal

Anheuser-Busch InBev NV agreed to create a 1 billion rand ($69 million) fund that will support the South African beer industry and protect jobs in the coun...

AB InBev Grants New Extension To South Africa Antitrust Agency

Anheuser-Busch InBev NV granted South Africa’s Competition Commission an extension to its investigation into a proposed $105 billion takeover of fell...