South Africa

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...

South African Citrus Growers Spend $66 Million On Disease Curbs

South Africa’s citrus industry is spending more than 1 billion rand ($66 million) annually to control black-spot disease in fruit from the country, a...

AB Foods Offers To Buy Illovo Sugar Stake For $370 Million

Associated British Foods Plc increased its offer to buy Illovo Sugar Ltd., valuing the African producer at 11.5 billion rand ($759 million) and expanding t...