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Retail News

Steinhoff holding up in credit crunch
Steinhoff International Holdings held up sales in the global credit crunch and reported a net profit improvement in the six months to December. 3 Mar 2009
Massmart on growth trail
Mass discounter Massmart expects to create a fifth division by organic growth. 3 Mar 2009
The current lack of electricity infrastructure and the inefficient way it is being distributed is costing the country's economy R2 billion per annum. 3 Mar 2009
North West MEC for Agriculture, Conservation and Environment Jan Serfontein is satisfied with the progress made by emerging farmers in the province. 3 Mar 2009
Samsung crams SLR soul into little camera body

USA: Getting a head start on the PMA '09 photography conference, which officially kicks off in Las Vegas Tuesday, 3 March 2009, Samsung has announced a new so-called hybrid digital camera. The new camera, the NX Series, is designed to provide the photo quality of large pro and prosumer DSLR (digital single lens reflex) cameras in the body of a small point-and-shoot. 3 Mar 2009
Sony CEO Howard Stringer has taken over the stumbling company's main consumer electronics business after removing Ryoji Chubachi from the helm. 2 Mar 2009
The financial world is looking for ways rebuild people's trust and confidence in markets, and Morrison Bonpasse sees a future for a single global currency. 2 Mar 2009
Car sales in February — to be released tomorrow by the National Association of Automotive Manufacturers of South Africa (Naamsa) — are expected to have been no better than January's, which fell a record 32.3%. 2 Mar 2009
As the credit crunch creeps into the lives of consumers, advertising agencies have taken on the challenge of marketing products in the global recession. 2 Mar 2009
Eyes on the world
Hilary Prendini Toffoli talked to five exhibitors at the Design Indaba Expo this weekend, 27 February - 1 March 2009, where overseas buyers and the cream of SA's design talent were seen following the conference in the Cape Town International Convention Centre. 2 Mar 2009
Truworths is boringly predictable; Woolworths is in denial and Shoprite is riding a wave. Though the past six months have been a rough ride for the SA consumer, all these retailers managed to grow earnings. 2 Mar 2009
Western Cape farmers who pay their workers with alcohol instead of giving them a monthly wage can be fined up to R1 million under the Western Cape Liquor Act, which was passed in November last year. 27 Feb 2009
Petrol to rise by 45c per litre in March
South African motorists will be forking out 45 cents more per litre of petrol from 4 March, while diesel drivers will enjoy a decrease of 38 cents per litre, the Department of Minerals and Energy reported on Friday. 27 Feb 2009
New shopping mecca on the bay shore
Eden on the Bay promises to be a unique new shopping and lifestyle destination in the Cape when it opens its doors on 26 March 2009. This mixed-use development is situated on a prime location on the shore of Blouberg's Big Bay, with no road separating the building from the beach, and will host a selection of upmarket stores and restaurants. 27 Feb 2009
The significant 1.75% drop in the amount of credit commercial banks extend to the private sector is indicative of South Africans spending less and trying to save more in the current economic climate. 27 Feb 2009
The consumer credit market worth R1,1 trillion
The National Credit Regulator (NCR) has released its first Consumer Credit Report, representing an estimated 90% of all consumer credit as based on reports submitted to the Regulator by registered primary national credit providers. 27 Feb 2009
Recession. Nine letters you never want to see together in one word; at least not in that order. Sales and marketing departments across the globe are reeling from one of the worst financial crisis in recent business. The stock market is down, unemployment is climbing, and businesses are bracing for what could be a long, slow recovery. 27 Feb 2009
Wholesale and retail group Massmart on Thursday reported a 13.3% increase in headline earnings per share for the 26 weeks ended December 2008 from 370.3 cents to 420.1 cents. 27 Feb 2009
The Producer Price Index (PPI) for January 2009 has come in at 9.2% year-on-year (y/y) which is 1.8% lower than December's figure of 11% y/y, Statistics South Africa (Stats SA) reported on Thursday, 26 February. 26 Feb 2009
Winelands restaurant launches new bite-size menu
96 Winery Road has launched its new Degustation Menu, with the aim to add a sublime twist to food and wine pairings at this renowned Winelands restaurant. 26 Feb 2009
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