Tag: South Africa retail

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
BWG Group Chief Executive John Moane
BusinessGlobal News

South Africa’s BWG acquires franchise giant, plans 25 new outlets by 2030

BWG expands into fast food with Abgel deal, targeting 25 new Ireland outlets by 2030 amid QSR market growth.

Oluwatosin Alao Oluwatosin Alao
Pepkor to launch bank in South Africa as retail finance race heats up
BusinessTechnology

Pepkor to launch bank in South Africa as retail finance race heats up

South African retailer Pepkor is preparing to enter the country’s banking industry, adding to a growing shift by retailers toward financial services as they look for steadier income and closer ties with customers.  The company, which owns clothing chains PEP and Ackermans, plans to launch its bank in April 2027. Pepkor said the business will combine digital banking with in-store…

Oluwatosin Alao Oluwatosin Alao
Pick n Pay raises $282 million from Boxer stake sale to aid turnaround
BusinessHot News

Pick n Pay raises $282 million from Boxer stake sale to aid turnaround

Pick n Pay Stores Ltd., the South African grocery chain, has raised $282 million by selling part of its stake in discount retailer Boxer, giving the supermarket group more room to fund its recovery plan after one of the toughest periods in its history. The sale, confirmed on Tuesday, involved about 57.3 million Boxer ordinary shares, equal to roughly 12.5…

Oluwatosin Alao Oluwatosin Alao
Mr Price targets African expansion after Europe entry
BusinessTechnology

South Africa’s Mr Price targets new African market after Europe entry

South African retailer Mr Price Group is tightening its focus on international growth, with plans to enter another African market even as it expands into Europe through a key acquisition.  The Durban-based clothing and homeware chain is moving to meet rising demand for affordable goods, as high living costs push shoppers toward discount brands. Across many emerging markets, value retail…

Oluwatosin Alao Oluwatosin Alao
SPAR moves to rebuild revenue
BusinessTechnology

Spar faces investor exit after $250 million value loss in a week

South Africa’s retail sector is under renewed strain after Spar Group lost about $250 million in market value in a week, sending its shares to a 16-year low and unsettling investors on the Johannesburg Stock Exchange.  The sharp decline follows a wave of selling that has erased nearly a quarter of the grocery retailer’s market capitalization since last Friday. The…

Oluwatosin Alao Oluwatosin Alao
Walmart
BusinessHot News

Walmart set to open first retail stores in South Africa

Walmart to launch first branded stores in South Africa, boosting its African retail strategy.

Timilehin Adejumobi Timilehin Adejumobi