Tag: South Africa retail

Pick n Pay
BusinessHot News

South Africa’s Pick n Pay ends restructuring process as losses narrow

Pick n Pay expects half-year losses to fall by up to 35% as a labour union agreement ends its formal restructuring consultations.

Oluwatosin Alao Oluwatosin Alao
Shoprite eyes Investec tie-up
BusinessCompanies

Shoprite plans new Checkers toy stores in South Africa

Shoprite is considering standalone Checkers toy stores in South Africa’s $606.5 million toy market, challenging established retailers Toys “R” Us and Toy Kingdom.

Oluwatosin Alao Oluwatosin Alao
Woolworths South Africa
BusinessMarkets

Woolworths to roll out new-generation stores across South Africa

Woolworths stores are set to expand across South Africa as the retailer invests in new formats, food outlets and personalised shopping.

Timilehin Adejumobi Timilehin Adejumobi
Bertina Engelbrecht, CEO of Clicks
BusinessHot News

Clicks targets $56 billion township market with new brand

Clicks targets the $56 billion township market with KwaMakhi stores as CEO Bertina Engelbrecht expands the retailer’s reach.

Timilehin Adejumobi Timilehin Adejumobi
Hilton Saven, outgoing Chairman of Truworths
BusinessHot News

South Africa’s Truworths chairman Hilton Saven to retire after 23 years

Truworths chairman Hilton Saven will retire after 23 years, with Hans Hawinkels set to succeed him after the Nov. 5 AGM.

Timilehin Adejumobi Timilehin Adejumobi
Thetele Mashilwane, independent director of Mr Price
BusinessHot News

Mr Price appoints Emma  Mashilwane as independent director   

Mr Price appoints Thetele Mashilwane as an independent director as the retailer strengthens its board amid NKD expansion.

Timilehin Adejumobi Timilehin Adejumobi
SPAR moves to rebuild revenue
BusinessHot News

SPAR chair, deputy step down as company names interim chair

SPAR Group board changes see Mike Bosman and Shirley Zinn resign, with Lwazi Koyana named interim chair as succession begins.

Timilehin Adejumobi Timilehin Adejumobi
Sean Summers, CEO of Pick n Pay
BusinessHot News

Pick n Pay plans share award for CEO Sean Summers amid turnaround push  

Pick n Pay CEO Sean Summers share award plan links incentives to turnaround targets and Boxer growth by 2029.

Timilehin Adejumobi Timilehin Adejumobi
Shoprite to acquire PicardiRebel
BusinessHot News

South Africa’s top retailer Shoprite opens 268 stores in $239 million push

Shoprite opens 268 stores in South Africa after R3.9bn investment, beating targets and widening lead over rivals.

Oluwatosin Alao Oluwatosin Alao
Spar revives 2U delivery app to challenge Checkers Sixty60 in South Africa
BusinessTechnology

Spar revives 2U delivery app to challenge Checkers Sixty60 in South Africa

Spar is revamping its 2U delivery app as it seeks to challenge Checkers Sixty60 in South Africa's online grocery market.

Oluwatosin Alao Oluwatosin Alao
Pepkor chair Wendy Luhabe
BusinessHot News

Pepkor chair Wendy Luhabe to step down after nearly six years in role 

Pepkor chair Wendy Luhabe will step down June 2026 after six years, as the retailer begins succession planning and expansion push.

Timilehin Adejumobi Timilehin Adejumobi
The Foschini Group
BusinessHot News

South Africa’s TFG plans major store closures amid retail shift

TFG store closures South Africa signal retail shift as Foschini Group shuts 100+ stores amid rising e-commerce pressure.

Timilehin Adejumobi Timilehin Adejumobi