South Africa

South Africa's Woolworths Steps Up Battle For Affluent Shoppers With Absolute Pets Deal

South African fashion and food retailer Woolworths will buy a 93.45% stake in pet care retailer Absolute Pets from Sanlam Private Equity and Absolute's man...

SPAR Group To Dispose Of Polish Operations

South Africa's SPAR Group has said that following a review of its Polish operations, it has decided to commence a the disposal of its operations in the cou...

Pick n Pay Founder Raymond Ackerman Passes Away Aged 92

Raymond Ackerman, who founded Pick n Pay from just four stores 56 years ago and turned them into one of South Africa's leading grocery retailers,...

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...