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Tower Property generates R396m in proceeds, property net income guidance remains unchanged

By: Simone Liedtke     Updated 6 hours ago Real estate investment trust (Reit) Tower Property Fund (TPF) has generated proceeds of R396-million from asset management initiatives in the current financial year, which it will use as part of its total return strategy. The asset management initiatives included the sale of the Pick n Pay... 

Equites reports solid growth in H1 distributions a share, strategic acquisitions

By: Marleny Arnoldi     11th October 2018 Despite a challenging economic climate, JSE-listed real estate investment trust Equites Property Fund's portfolio continued to perform well during the six months ended August 31, which translated into an 11.7% year-on-year growth in distributions a share. Distributions a share for the period... 

Increased investment in refrigeration model planned

By: Paige Müller     21st September 2018 Core energy utilities provider Energy Partners Refrigeration plans to invest a further R30-million this year still in its increasingly popular refrigeration outsourcing model. Energy Partners Refrigeration CEO Dawie Kriel tells Engineering News that the company’s two-year-old refrigeration... 

Oxford’s African Studies Centre to inaugurate International Advisory Board in Oct

By: Marleny Arnoldi     12th September 2018 Oxford University’s African Studies Centre will inaugurate its International Advisory Board (IAB) on October 12, which is set to establish stronger ties with African governments, as well as leaders in business, finance, diplomacy and the arts. Supermarket chain Pick n Pay chairperson Gareth... 

Donating 67 minutes for Mandela

24th August 2018 Nonprofit organisation FoodForward SA and supermarket Pick n Pay South Africa joined forces on Mandela Day this year to raise food for some of the 14-million people living in food insecure households. A total of 151 tons of food was collected from various Pick n Pay stores countrywide, which was... 

Uniquely African Skincare Range Branches Out

22nd August 2018 Local entrepreneur wins Pick n Pay’s 2018 Small Supplier of the Year award with business growth Local entrepreneur Portia Mngomezulu, founder of Portia M Skin Solutions, was today awarded Pick n Pay’s 2018 Small Supplier of the Year award for her business’ exceptional growth performance and job... 

ARC to acquire 100% of TymeDigital

By: Anine Kilian     8th August 2018 African Rainbow Capital (ARC), led by chairperson Patrice Motsepe, has reached an agreement to acquire, through its 50.1% held subsidiary, ARC Financial Holding Company (FinHoldCo), 90% of TymeDigital by Commonwealth Bank, for an undisclosed consideration. When concluded, FinHoldCo will own 100%... 

540 000 meals collected as FoodForward SA and Pick n Pay unite South Africans on Mandela Day

20th July 2018 “Collaboration and support from volunteers and the private sector is vital to furthering our mission and ensuring we reach our country’s most vulnerable citizens” - Andy Du Plessis, FoodForward SA’s Managing Director   

First African company announces science-based greenhouse gas target

By: African News Agency      19th July 2018 Emira Property Fund has become the first African and South African company to have a greenhouse gas emissions target approved by the Science Based Targets initiative (SBTi). The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World... 

SA retailer pilots compostable bags with customers on International Plastic Bag Free Day

4th July 2018 Pick n Pay chairman calls for Government action, investment in recycling and waste management Pick n Pay became the first South African retailer to trial compostable bags as an environmentally friendly alternative to plastic bags. The one-day trial at its V&A Waterfront store will gauge customer... 

Pick n Pay trials compostable carrier bags in Cape Town

By: Marleny Arnoldi     3rd July 2018 Pick n Pay has become the first South African retailer to trial compostable bags as an environment-friendly alternative to plastic bags.  

Exxaro appoints new chairperson

By: Marleny Arnoldi     15th June 2018 JSE-listed coal and heavy minerals miner Exxaro has appointed Jeffrey van Rooyen as independent nonexecutive chairperson.  

Outsourcing Refrigeration Could Improve Your Bottom Line

1st June 2018 Why Sa Companies Are Moving Away From Owning Their Own Cooling Systems Refrigeration represents a substantial cost to companies operating in South Africa’s food and beverage industry. Additionally, the operation and maintenance of modern refrigeration systems often diverts precious resources and... 

Libstar lists on JSE

By: Marleny Arnoldi     9th May 2018 Consumer packaged goods producer and supplier Libstar on Wednesday started trading on the main board of the JSE, in the food products sector.  

Pick N Pay And Unitrans Extend Their Solid Partnership For 10 Years

17th April 2018 Unitrans Supply Chain Solutions has secured a 10 year contract extension from Pick n Pay to provide the transportation services at the retailer’s Longmeadow Distribution Centre in Gauteng. Unitrans is a diversified supply chain company that has been serving the needs of select Sub-Saharan African... 

Growthpoint sees Gauteng East Rand as hotspot for industrial properties

By: Simone Liedtke     20th March 2018 Growthpoint sees Gauteng East Rand as hotspot for industrial properties Gauteng’s East Rand was a hotspot for industrial property leasing in 2017, says Growthpoint Properties, which concluded 70 deals – 40 new and 30 renewals – in the area during the year. 

Despite bitcoin craze, bullion unlikely to lose its status as a major investment vehicle – economist

By: Nadine James     16th March 2018 Although some economists regard cryptocurrencies – bitcoin being the most popular – as a fad, others, such as Nascence Advisory director and economist Xhanti Payi, remain open-minded, unwilling to write off a potentially disruptive technology with massive implications for global economic... 

Fairvest’s interim distributions increase 9.53% y/y

By: Anine Kilian     1st March 2018 JSE-listed real estate investment trust Fairvest announced solid results for the six months ended December 31, 2017, with interim distributions having increased by 9.53% year-on-year to 9.81c a share.   Revenue increased by 15.2% year-on-year to R186.9-million. 

Competition Tribunal dismisses Massmart complaint

By: Anine Kilian     13th February 2018 The Competition Tribunal has dismissed a complaint by Walmart-owned Massmart that exclusivity agreements between other retailers and landlords are excluding its Game stores from selling fresh grocery products. The Tribunal, for a second time, on Tuesday upheld arguments made by Shoprite Checkers,... 

How Cape Town businesses are tightening the taps

By: News24Wire      26th January 2018 As the countdown to Cape Town's dreaded Day Zero continues, ratepayers are not the only ones forced to tighten their belts when it comes to water use. Businesses operating in what may soon become the first major city to run out of water have been implementing more large-scale water-saving... 

Pick n Pay Longmeadow benefits from completion of solar PV project 

25th January 2018 The installation of a photovoltaic system for South African retailer Pick n Pay’s Longmeadow distribution centre will be fully operational by the end of the month. The solar PV system, installed by Energy Partners Solar, is believed to be the largest solar PV installation in South Africa. Nadine... 

Sasol service stations attract largest number of visitors, survey reveals

By: Irma Venter     19th January 2018 Sasol service stations are attracting the most feet per service station in South Africa, with Shell service stations in second position. Engen, with its much larger service station footprint, attracts more visitors, in total, than any other brand. 

Longmeadow solar PV project nearing completion

By: Nadine James     15th December 2017 Solar power specialist Energy Partners (EP) Solar has invested in a photovoltaic (PV) solar system to power South African retailer Pick n Pay’s Longmeadow distribution centre, in Modderfontein, Gauteng. The project is currently about 80% complete and will be fully operational by the end of... 

Sasol the most successful service station brand in SA, says Lightstone Explore

By: Irma Venter     27th November 2017 Sasol service stations are attracting the most feet per service station in South Africa, with Shell service stations in second position. Engen, with its much larger service station footprint, attracts more visitors, in total, than any other brand. 

The changing face of the township economy

By: Sydney Majoko     24th November 2017 In the late 90s and early 2000s, whenever a township dweller spoke of his or her  family being in business, it meant one of two things: they either owned a retail shop or were in the taxi industry. That is what business in the township was all about in those days. There was the odd different... 

SAPICS takes supply chain insights to ‘super-heroes’ around South Africa

28th September 2017 The real-life super-heroes of South African business are to be found in supply chain functions, according to Olakira founder and former Shell South Africa managing director Tanya Kabalin.   As one of the speakers in an expert line-up from South Africa and the US, Kabalin told supply chain... 

Biofuels company launches franchise solution

18th August 2017 Cape Town-based biofuel company Biogreen Diesel will start franchising its ‘Biodiesel & Research model’, to aid in the expansion of the industry and simultaneously increase awareness of biofuels in the region. The company, having made the announcement in June on its website, says it felt it had... 

Competition body conducting probe into township economy 

By: Sydney Majoko     4th August 2017 Competition Commission investigation into Township Economy More than two years ago, we had the so-called xenophobic attacks directed at foreign nationals in the country, but with a specific interest on their businesses in the townships. It was not the first time this happened and certainly was... 

Gladys Mawoneke

12th May 2017 This week we feature Gladys Mawoneke, CEO of Breva Beverages, a manufacturer, marketer and wholesaler of alcohol-free beverages for adults   

Portfolio committee disappointed in retailer no-show at meeting to discuss poultry prices

By: Creamer Media Reporter      2nd May 2017 Parliament’s Portfolio Committee on Trade and Industry on Tuesday said it was considering summoning retailers using the Rules of Parliament, after several retailers did not attend a meeting to provide insights on how pricing and mark-ups of poultry products occur in their companies. Some of the... 

Ran Neu-Ner

28th April 2017 This week we feature Ran Neu-Ner, co-CEO of The Creative Counsel, which is involved in marketing communication and advertising   

Mastercard tests new biometric cards in South Africa

By: Megan van Wyngaardt     20th April 2017 South Africa is the first market to test payment technology provider Mastercard’s next-generation biometric card, which combines chip technology with fingerprints to conveniently and safely store a cardholder’s identity for in-store purchases. Two separate trials with retailer Pick ‘n Pay and... 

Plastic bag working group weighing solutions to recyclability problem 

By: Megan van Wyngaardt     10th April 2017 A working group set up to investigate the impact ‘fillers’ are having on the recyclability of plastic supermarket carrier bags is said to have “progressed well” in researching possible solutions and will report back to the industry in June. Established four months ago, the group includes... 

Ballito Junction Regional Mall will raise the KZN fashion stakes 

7th March 2017 The much-anticipated opening of Ballito Junction Regional Mall will introduce a sensational assortment of stylish new shopping for the fashion-forward Dolphin Coast. Ballito Junction will open on Thursday, 23 March, with a strong focus on fashion and accessory brands - from the cool casual of... 

Township businesses need protection

By: Sydney Majoko     17th February 2017 On the last Monday of January, we woke up to the news that the manager of the internationally renowned Sakhumzi restaurant, in Vilakazi street, in Soweto was murdered in an attempted robbery. In the grand scheme of things, although this sounds callous, it was just another one of all the murders... 

SA's spaza shops suffer as big retail rolls in

By: Reuters     22nd April 2014 In this corner of South Africa's black township of Soweto, the biggest building used to be the Catholic church. Now it's been overshadowed by a shopping centre and business has only gotten worse for Grace, a 68-year-old shopowner. Like many proprietors of spaza shops - the informal stores that... 

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