South Africa

South African Wheat Gains to 7-Year High as Drought Cuts Yields

South African wheat prices surged to the highest level in seven years as harvesting shows below-average yields in some parts of the Western Cape province,...

Pick n Pay Profit Rises As Costs Cut And Supermarkets Added

Pick n Pay Stores said that first-half profit climbed 23 per cent as the South African supermarket chain added outlets and cut costs, even as consumer conf...

Pick n Pay Shares Drop As Earnings Rise Less Than Expected

Pick n Pay Stores, a South African supermarket chain, fell the most in more than five months after warning that business conditions remain difficult and re...

Woolworths CEO Ian Moir Sells Company Shares Worth $3.7 Million

Woolworths Chief Executive Officer Ian Moir sold shares worth 51 million rand ($3.7 million) this week, reducing his stake in South Africa’s biggest...

South Africa Promotes Expensive Wines to Boost Exports

South African wine makers are promoting higher-priced bottles to boost sales in established European markets and make inroads in the US and Asia where they...

Clover Mulls Building South Africa’s First Dairy Mega-Factory

Clover Industries is considering building South Africa’s first dairy mega-factory to boost exports to the rest of the continent from a country that c...

Farmers See Relief as South African Corn-Growing Areas Get Rain

Corn-producing areas in South Africa, the continent’s largest grower of the grain, received rains over the weekend, boosting soil moisture as fa...

RCL Foods Sees Tough Times Ahead for South African Consumers

RCL Foods, South Africa’s largest chicken producer, said higher interest rates and rising unemployment will cut consumer spending, hampering efforts...