South Africa?s latest ban on alcohol sales is likely to force 35,000 bar owners in the poorest communities into bankruptcy.
Sale of Brait SE’s Virgin Active fitness chain will be delayed as much as 18 months following closures of gyms to help contain the coronavirus.
Aspen Pharmacare Holdings Ltd. is working to ensure it can manage demand for a generic anti-inflammatory drug
The Public Investment Corp. , is willing to convert more than R90bn ($5. 2 billion) of Eskom Holdings SOC Ltd. debt into equity.
South Africa’s alcoholic-beverage makers are pushing the government to allow smaller bars to convert into drink-collection points.
Converting bars into beer-collection points and staggering liquor-store opening hours.
Edcon Holdings Ltd. , South Africa?s second-biggest clothing retailer, said it may not be able to re-open at the end of a three-week national shutdown.
Shoprite Holdings Ltd. ?s lead independent director, Shirley Zinn, resigned abruptly.
Shoprite Holdings Ltd. reappointed Christo Wiese as chairman even after ordinary shareholders resoundingly voted against his re-election.
Shoprite Holdings Ltd. started a review of supermarket operations outside South Africa and would consider exiting certain countries.
A Shoprite Holdings shareholder nominated a veteran retail executive to the board of the grocer to reduce the influence of Chairman Christo Wiese.
A long-awaited probe into Steinhoff?s books is nearing completion, promising deeper insight into what misconduct occurred and who was responsible.
Steinhoff has been offloading assets to raise cash and negotiating with creditors to keep the company afloat.
Severance programme started in April and is now complete.
Hennes & Mauritz said second-quarter price cuts to clear inventory may exceed last year’s, sending the shares tumbling to a four-year low.
Wal-Mart Stores experience in controlling costs is helping South African grocery and general goods retailer Massmart Holdings improve profit.
Shoprite Holdings will focus on expansion outside Africa after talks with Steinhoff International Holdings to create the continent’s biggest retailer fell apart. ...
Christo Wies is at the centre of plans to create the continent’s largest retailer by combining the African operations of Shoprite and Steinhoff.
South African shoppers with limited spending money are turning to low-cost supermarket chains for cheaper food and eschewing new clothes.
Brait reports a loss, saying a weaker pound against SA’s rand cut into the net asset value of the UK units it bought last year.
After a long and legendary career with Shoprite, a “tired” Whitey Basson is ready to hand the reins to “a very driven guy”.
Pick n Pay Stores says first-half earnings rise as it attracts cash-strapped shoppers with discounted goods and opens new stores.
Coca-Cola’s plan to buy out AB InBev from an African bottling joint venture originally agreed to with SABMiller may have to go through a second regulatory process. ...
American baked-goods icon Dunkin’ Donuts wants to have 250 stores in South Africa within 10 years.
Shares in Pick n Pay climbed on Friday after the supermarket chain said the pressures facing consumers may “begin to alleviate” soon.