Visa and Mastercard, already in the spotlight after a Competition Commission inquiry into bank fees last year, are facing a competition probe after a complaint by a Johannesburg-based business. 27 Jul 2009
MTN on Thursday, 23 July 2009, said it has launched its Mobile Money offering in Ghana. 24 Jul 2009
Benmore Gardens, Sandton, is reportedly the first shopping centre in South Africa to implement I-Energy, the wireless management system that enables centre management to monitor and control its electricity consumption. 24 Jul 2009
NEW YORK: US fast-food chain McDonald's on Thursday, 23 July 2009, reported second-quarter net profit of $1.09 billion, down 8.0% from a year ago as the weaker dollar weighed on revenue. 24 Jul 2009
With its strategic focus on building alcoholic beverage brands, KWV Ltd has decided to sell its grape juice concentrate plant in Upington to neighbouring Orange River Wine Cellars (OWC) for R70 million. The transaction will see the grape juice concentrate business being transferred as a running concern to OWC on 1 September 2009. 24 Jul 2009
The number of financially vulnerable consumers in SA is rising, spurred by their reluctance to save, extravagant spending and falling income, a new survey has shown. 24 Jul 2009
Country Foods is in a mess. Its phone lines have been cut and officially it does not have a CEO, a chairman or a financial director. Neither does it have an auditor, a designated adviser or a company secretary. It's unclear whether it has operational assets. 24 Jul 2009
Big supermarket chains need the small suppliers, who in turn need the supermarkets. Yet small suppliers say the odds are not loaded in their favour. 24 Jul 2009
Retailer Woolworths Holdings said on Thursday, 23 July 2009, it estimates that EPS for the year ended 30 June will be between 40% and 50% higher than the results of the prior year. 24 Jul 2009
SAAM Mountain Vineyards, produced by Perdeberg Winery, has joined forces with Comic Relief, a British charity organisation in association with Red Nose Day UK, to create the first ever Comic Relief Wines known as Wine Relief and helped in the efforts to raise a record almost £80-million (more than R1-billion). 23 Jul 2009
First National Bank (FNB) customers can now Tata ma Chance and play the national lottery using their cellphones, the ATM machine or by using online banking. 23 Jul 2009
KWV Investments on Wednesday, 22 July 2009, announced the appointment of Jan Mouton, Chris Otto (financial director), Khutso Mampeule and Abrie Botha to its board of directors. 23 Jul 2009
LONDON: Compass Group, ostensibly the world's biggest caterer, said on Thursday, 23 July 2009, that profits increased in the group's third quarter despite slowing sales. 23 Jul 2009
SAN FRANCISCO: Online retail giant Amazon announced on Wednesday, 22 July 2009, that it was purchasing popular Internet shoe shop Zappos.com in a stock and cash deal valued at nearly US$850 million. 23 Jul 2009
New technology upgrades are under way at the Johnson & Johnson manufacturing facility in East London as the plant gears up to incorporate two new production lines from Cape Town. 23 Jul 2009
The KwaZulu-Natal government has put aside R70 million in a bid to rescue its clothing and textile industry. 23 Jul 2009
Furniture and electrical goods retailer Lewis yesterday, 22 July 2009, received a “buy” rating from the Bank of America citing the group's proven business model and low cost base. 23 Jul 2009
About 700 commercial workers employed by mass discounters Makro, which includes Game and Dion outlets in Port Elizabeth, are expected to embark on a one-day strike on Friday, 24 July 2009. 23 Jul 2009
The South African Commercial, Catering and Allied Workers Union (SACCAWU) on Wednesday, 22 July 2009, said it had served wholesaler Massmart (MSM) with notices for protest action on Friday 24 July. 23 Jul 2009
South African agri-business Afgri said on Wednesday, 22 July 2009, that Afgri Operations and Laeveld Korporatiewe Beleggings, both wholly owned subsidiaries of Afgri, have reached an agreement, which if it becomes unconditional, will see the disposal of 11 retail branches in the Lowveld area to MGK Bedryfsmaatskappy. 22 Jul 2009
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