South Africa

South Africa's Shoprite Will Spend $440m To Support Market Share Growth

Shoprite plans to spend about 8.5 billion rand ($443 million) to increase supply chain capacity, add stores and strengthen its digital capability, Sou...

South Africa's Woolworths' Annual Profit Rises On Sales, Online Boost

South African retailer Woolworths has reported a nearly 15% rise in annual profit as promotional sales, online growth and lower debt offset the impact of p...

South Africa's Shoprite Sees Sales Up 16.9% In Full Year

South African supermarket group Shoprite has reported sales growth of 16.9% to R215.0 billion (€11.1 billion) in its full financial year ended 2 July...

South Africa's Pick n Pay Announces Strong Start To Full-Year 2024

South African retailer Pick n Pay Stores Ltd has reported a 4.8% increase in group sales in the first four and a half months of its 2024 fiscal year.

Nestlé Increases Local Sourcing In South Africa With New Processing Plant

Swiss food company Nestlé said it will be locally sourcing over 40% of raw materials for a new processing plant in South Africa to offset supply cha...

South African Food Producers Warn Of Higher Prices As Infrastructure Crumbles

South African food producers, among the biggest on the continent, are spending hundreds of millions of rand mitigating prolonged rolling power blackouts, w...

Inflation, Cost Increases Impact SPAR Group's Performance In First Half

Inflationary cost pressures, high interest rates and infrastructure issues in its home market of South Africa were all factors that impacted SPAR Grou...