Tag: South Africa retail

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 opens 268 stores in South Africa
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
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