Famous Brands has aquired the South African and African business of fast casual coffee-themed franchise Mugg & Bean for a cash consideration of R104 million, the company announced Monday, 27 July 2009. 27 Jul 2009
Retailer of building materials Cashbuild said in a voluntary trading update on Monday, 27 July 2009, that revenue was up 18% from the fourth quarter of the prior financial year. 27 Jul 2009
South African Tourism, in partnership with First National Bank (FNB), have called on consumers to nominate establishments and tourism services that they feel have delivered outstanding services for the Welcome Awards. 27 Jul 2009
Increasing contact centre efficiency has always been a clear path to cutting costs, regardless of economic conditions. Increasing productivity and doing more with existing resources are now more important than ever, but cutting call centre costs does not have to result in poorer customer service. 27 Jul 2009
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
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