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Despite NDP ambitions, South Africa weighed down by corruption, State capture

By: Natasha Odendaal     15th September 2017 It has been five years since the adoption of the National Development Plan (NDP), with a second commission having been appointed to drive its implementation, aimed at guiding South Africa’s economic and developmental future. However, the two goals most core to the NDP’s ambitions – reducing... 

Italtile board gives go-ahead for buyout of Ceramic Industries

By: Creamer Media Reporter      6th September 2017 The board of JSE-listed Italtile is satisfied that the acquisition of Ceramic Industries (CIL) and Ezee Tile Adhesive Manufacturers can proceed, notwithstanding the condition imposed by the Competition Tribunal. The tribunal in August approved the acquisition on the condition that Italtile... 

Manufacturers on receiving end of weak economy

     18th August 2017 Manufacturers in South Africa are on the receiving end of the weak economy as there is little room to pass on cost increases, says Steel and Engineering Industries Federation of Southern Africa (Seifsa) economist Marique Kruger. 

Concor Buildings Showcases Flexibility On Makro Riversands Project

     14th August 2017 Visible Felt Leadership is a philosophy that Concor Construction drives and an excellent example of a project where this is reaping significant rewards is the Concor Buildings Makro Riversands contract. Concor Buildings, previously known as Murray & Roberts Buildings, is part of Concor... 

Massmart reports a slow 0.5% increase in H1 sales

By: Anine Kilian     17th July 2017 Massmart’s sales for the six months ended June 25, grew by 0.5% year-on-year to R42.5-billion. Comparable store sales decreased by 1.6% and product inflation was estimated at 3.2%. 

Manufacturer becomes latest tenant at Eastern Cape industrial park

By: Mia Breytenbach     30th June 2017 The Eastern Cape Department of Economic Development, Environment Affairs and Tourism (Dedeat) last month introduced green manufacturer and innovation company Ikusasa Green as the latest tenant to the Dimbaza Industrial Park, in the Eastern Cape. Ikusasa Green, which manufactures high-end cooler... 

Political developments mar Massmart’s first-half performance

By: Megan van Wyngaardt     25th May 2017 Massmart CEO Guy Hayward on Thursday said the company expected to report “disappointing” results for the first half of the year, as any green shoots in the economy – the drought ending, a stronger rand, potentially lower interest rates, and improvements in the Reserve Bank’s leading indicators –... 

Builders Warehouse launches its first store featuring renewable energy

By: Anine Kilian     22nd May 2017 The North Riding-based Builders Warehouse, which forms part of the Builders Warehouse chain of stores owned by management company Massmart, has installed a 126 kW solar photovoltaic (PV) plant, which comprises 400 roof-mounted polycrystalline PV panels. The plant will provide 70% of the store’s... 

Massmart’s 2016 sales reach R91.2bn

By: Megan van Wyngaardt     16th January 2017 South African retail management group Massmart’s total sales for the year to December 25, increased by 7.7% to R91.2-billion, boosted by a 5.4% increase in comparable store sales. The company added that the figures were also enhanced by an estimated 6.7% rise in product inflation. 

Lower income groups cannot navigate life without paying bribes – survey

By: Sane Dhlamini     29th November 2016 The findings of the second South African Citizen’s Bribery Survey has revealed that 48% of respondents who earned less than R100 000 a year thought it was difficult to navigate daily life without paying bribes. The survey was conducted by the Ethics Institute of South Africa and sponsored by... 

Massmart maintains sales growth despite tough trading conditions

By: Megan van Wyngaardt     8th November 2016 Retail management group Massmart’s sales for the 44 weeks to October 30 increased to R73.2-billion, representing growth of 7.6% over the comparable prior-year period. The company, which owns local brands such as Game, Makro, Builders Warehouse and CBW, on Tuesday said comparable stores’ sales... 

Broadband opportunities and challenges for Africa

     19th August 2016 By Kuseni Dlamini In a global economy increasingly characterised by information, broadband networks are the essential pathways along which the information content, services and applications travel. Broadband network infrastructure has transformed economic activity in much the same way as the... 

Massmart to open 13 new stores in 2016 despite tough conditions

By: News24Wire      26th May 2016 Massmart said it will open 13 stores in 2016, despite tough economic trading conditions caused by high inflation and low economic growth in South Africa. Massmart CEO Guy Hayward told investors on Thursday that the new stores are in addition to the seven stores they have opened since 2015, “most... 

Makro Carnival going green 

     19th May 2016 Retail company Massmart recently installed a 572 kW solar photovoltaic (PV) plant on the roof of its soon-to-be-launched Makro Carnival store, in Brakpan, Gauteng. 

Makro store goes green  

By: Anine Kilian     14th April 2016 Retail company Massmart recently installed a 572 kW solar photovoltaic (PV) plant on the roof of its soon-to-be-launched Makro Carnival store, in Brakpan, Gauteng. The store, which would officially be launched on April 20, would also be the first Makro store to make use of renewable energy to... 

Seifsa appeals for urgent resolution of manufacturing challenges  

By: Anine Kilian     13th April 2016 The challenges confronting the country’s foremost strategic sectors, namely the metals and engineering, mining, construction and automotive sectors, urgently need to be addressed, warns the Steel and Engineering Industries Federation of Southern Africa (Seifsa). Seifsa chief economist Henk... 

Massmart interim sales up 9.1% but outlook downbeat

By: African News Agency      27th August 2015 Massmart, a subsidiary of US Wal-Mart, saw its sales rise 9.1% to R38.9-billion in the six moths to June as it increased floor space in South Africa and the rest of the continent, the company said in a statement on Thursday. The mass retailer — owner of Game, Makro and Dion Wired — said it... 

Waterfall Estate secures slice of key HQ market 

By: Creamer Media Reporter      20th August 2015 Providing capital growth fund Attacq with a 15-year project pipeline, the Waterfall City mixed-use development, in Midrand, has attracted a suite of corporates looking to consolidate their satellite centres into a single Gauteng foothold.  

Waterfall Estate secures slice of key HQ market 

By: Natalie Greve     29th July 2015 Providing capital growth fund Attacq with a 15-year project pipeline, the Waterfall City mixed-use development, in Midrand, has attracted a suite of corporates looking to consolidate their satellite centres into a single Gauteng foothold. Companies such as Massmart, PwC, Novartis, Cummins,... 

Former Massmart chief sets out South African renewable-energy stall

By: Terence Creamer     3rd July 2015 The nascent South African renewable-energy unit of giant US electricity utility, NRG, is preparing to participate in the country’s upcoming ‘expedited’ bid window for the procurement of an additional 1 800 MW of renewables capacity. NRG Renew Africa CEO Grant Pattison – best known for his... 

Gauteng Economic Development strikes deal with Massmart to uplift township economy 

By: Tracy Hancock     23rd June 2015 The Gauteng Department of Economic Development expects a R650-million cash injection into the township economy following the conclusion of a deal with retail giant Massmart. Economic Development MEC Lebogang Maile told a media briefing on Tuesday at the Gauteng Provincial Legislature in... 

Giant US utility poised to move on South African renewables, rooftop prospects 

By: Terence Creamer     22nd June 2015 The nascent South African renewable-energy unit of giant US electricity utility, NRG, is preparing to participate in the country’s upcoming ‘expedited’ bid window for the procurement of an additional 1 800 MW of renewables capacity. NRG Renew Africa CEO Grant Pattison – best known for his... 

S Africa key to German tool manufacturer’s Africa growth

By: Pimani Baloyi     19th June 2015 South Africa remains an important market and source of revenue for Germany-headquartered machine tools manufacturer Robert Bosch Power Tools, says Southern Africa regional sales director Yugan Moodley. “South Africa contributed about 60% of Bosch’s Africa-based turnover in 2014 and we are... 

Retail group saves nearly 8 000 kℓ/y of water

By: Pimani Baloyi     29th May 2015 South African retailer Massmart has saved about 7 750 kℓ/y of water since implementing its water efficiency strategy at ten Makro stores and 65 Builders Warehouse stores in 2014. Massmart group sustainability manager Alexander Haw tells Engineering News that the strategy is part of the group’s... 

Massmart grows sales 9.5% despite ‘intense’ competition

By: Natalie Greve     27th May 2015 Suggesting market-share gains by the retail group, Massmart CEO Guy Hayward reported on Wednesday that the company had managed to grow its sales by 9.5% in the first 20 weeks of this year, despite “intense” competition in the retail sector. Comparable sales grew 7.4% over the period, with... 

Air Cargo Africa 2015 

By: Creamer Media Reporter      9th April 2015 From Creamer Media in Johannesburg, this is the Real Economy Report. The latest edition of the Air Cargo Africa conference and exhibition was held in South Africa.  

Retailer continues sustainability drive 

By: David Oliveira     3rd April 2015 South African retailer Massmart is continuing to improve the operating efficiency of its stores by adopting more sustainable technologies, such as light-emitting diodes (LEDs) and daylight harvesting cells for lighting, rainwater harvesting for water supply and evaporative cooling technology for... 

AU adopts 48-year African development plan 

By: Natalie Greve     10th February 2015 Endorsing an Afrocentric development approach that aims to achieve the continent’s socioeconomic transformation by 2063, the African Union (AU) has officially adopted Africa’s Agenda 2063 framework document, which is expected to galvanise African States into collaborative, accelerated action.... 

Enterprise development initiative boost for small and medium-sized enterprises

By: Bruce Montiea     12th September 2014 Small business development received a boost with the launch of the Gordon Institute of Business Science’s (GIBS’) Enterprise Development Academy (EDA) at the business school’s campus in Illovo, Johannesburg, last month. “Government’s National Development Plan stipulates that 90% of new jobs have... 

Waterfall developments top R7-billion

By: Schalk Burger     13th August 2014 The Waterfall mixed-use property development has already built or secured developments valued at R7-billion, with many of its first phase projects already operational. The flagship R4.1-billion, 120 000 m2 Mall of Africa, at the centre of Waterfall City, would be completed by April 2016 and has... 

Aurecon appoints former Public Works DDG as chairperson 

By: Natalie Greve     18th July 2014 In a move the company says “confirms its ongoing transformation”, engineering and management group Aurecon South Africa has appointed former Public Works deputy director-general (DDG) Dr Lulu Gwagwa chairperson. She has worked as a development planner in various capacities since 1981, including... 

Rooftop garden to enhance food security 

By: Creamer Media Reporter      17th July 2014 From Creamer Media in Johannesburg, this is the Real Economy Report. Social housing provider the Johannesburg Housing Company recently launched another sustainability garden, the Lake Success Food Garden, in Hillbrow.  

Supplier development strategy spurs creation of new maize miller

By: Schalk Burger     11th July 2014 Financial services firm Barclays Africa local subsidiary Absa provided a R8.2-million loan and South African retail giant Massmart provided a 10 000 t-a-year offtake agreement that enabled a new maize miller to enter the South African market. The new miller, Lethabo Milling, will provide 830 t of... 

Joburg provides platform for local firms to showcase wares to retail giant 

By: Zandile Mavuso     4th July 2014 The City of Johannesburg, together with Walmart-owned South African retailer Massmart, recently held a supplier development exhibition, allowing Johannesburg-based small, medium-sized and microenterprises (SMMEs) manufacturers to showcase their products to the retail giant. 

R4m Ikusasa Green manufacturing plant opened

By: Leandi Kolver     22nd April 2014 Eastern Cape Economic Development, Environmental Affairs and Tourism MEC Mcebisi Jonas on Tuesday opened the R4-million Ikusasa Green manufacturing plant, in Stutterheim, Eastern Cape. The project was funded by the Eastern Cape Department of Economic Development, Environmental Affairs and... 

Massmart CEO resigns, COO to take the helm

By: Natalie Greve     11th April 2014 Retail giant Massmart has announced the resignation of CEO Grant Pattison, effective June 1, and the appointment of COO Guy Hayward as his successor. Pattison joined Massmart in 1998 and was appointed CEO in 2007, leading the group through a “significant” period, which culminated in the sale of a... 

Massmart expands smallholder farmer programme 

By: Leandi Kolver     2nd September 2013 South African retailer Massmart has rolled out its Ezemvelo direct farm programme to four provinces and is has now enrolled 162 smallholder farmers, supplier development manager Sherry-Lee Singh reported on Monday. Ezemvelo was launched in August last year and formed a part of Massmart’s Supplier... 

Massmart says consumers under pressure, profit slides 

By: Leandi Kolver     22nd August 2013 Slower economic growth has impacted on South African retailer Massmart’s sales for the six months ended June, as lower income customers remained under economic pressure, CEO Grant Pattison said on Thursday.  Speaking at the group’s results presentation in Johannesburg, he said that growth in... 

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