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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,... 

IBM open-source food-safety blockchain system launched

By: Schalk Burger     2nd February 2018 Computing multinational IBM in December launched an open-source, blockchain system designed to provide transparency on food safety in China. The Blockchain Food Safety Alliance has as its initial signatories US mass retailer Walmart, Chinese e-commerce firm JD.com, as well as IBM and the Tsinghua... 

Blockchain technology set to shake up business in Africa

By: Kim Cloete     13th October 2017 The advent of blockchain technology is set to radically change the way businesses operate, several speakers at the Thomson Reuters Africa Summit have said. “Blockchain is so much more transformative than even the Internet revolution because it allows you to transact,” said media and marketing... 

Africa urged to set the trends in digital innovation

By: Kim Cloete     13th October 2017 African countries have the potential to set trends rather than follow them in a world dominated by hurtling changes in information technology (IT), delegates attending the Thomson Reuters Africa Summit have heard. Digital and technology transfer expert Lee Naik said over 300-million customers... 

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... 

Real-world applications of blockchain-enabled supply chains

29th May 2017 This is the second of a two-part series examining the impact of blockchain technology on supply chains. In part I we examined how blockchains work, and the potential game changing impact of this new technology on supply chains as a record keeping, verification, tracking and transaction switching... 

Real-world applications of blockchain-enabled supply chains

26th May 2017 This is the second of a two-part series examining the impact of blockchain technology on supply chains. In part I we examined how blockchains work, and the potential game changing impact of this new technology on supply chains as a record keeping, verification, tracking and transaction switching... 

EDD transactions adds R10.8bn to local economy

By: Ilan Solomons     21st December 2016 Settlements concluded during the year by the Economic Development Department (EDD) has resulted in R10.8-billion being released back into the local economy. This included, among others, settlements with beer and cider giant Anheuser-Busch InBev (AB InBev), carbonated soft drink producer Coca-Cola... 

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... 

Patel praises AB Inbev R1bn investment in SA

By: News24Wire      22nd April 2016 Economic Development Minister Ebrahim Patel has welcomed the R1 billion of investment in South Africa to realise localisation as part of AB Inbev's offer to buy rival brewer SABMiller. “This is the largest financial commitment yet by a company in merger proceedings and is about four times larger... 

Imported Chinese stainless steel pots don’t measure up to local products, have unfair advantage

By: Dylan Slater     18th March 2016 A recent study, sponsored by the Southern Africa Stainless Steel Development Association (Sassda) and undertaken by Mintek and fourth-year University of Pretoria students, has revealed that a range of imported Chinese stainless steel pots do not conform with the SANS 998 standard. These pots,... 

Agrium appoints three new directors, expands board to 12

By: Henry Lazenby     26th February 2016 Agricultural products producer Agrium Inc this week expanded its board to 12 members after it appointed three new directors, 11 of which are independent. Calgary, Alberta-based Agrium appointed Maura Clark, Miranda Hubbs, and William (Bill) Simon to its board, effective from Wednesday. 

Mining stocks resemble ‘a big Walmart sale’ as low commodity prices persist

By: Henry Lazenby     12th February 2016 Sentiment remains negative about the mining and oil and gas industries as the supercycle nears a protracted potential bottom, resulting in dwindling market capitalisations for companies large and small and cruelly undervalued stock prices – creating a buyer’s market for the savvy investor. CEO... 

Township property boom presents business opportunities

By: Sydney Majoko     26th June 2015 Residential property prices in the South African economy have, in general, outperformed inflation in the last couple of years. Interestingly, though, while this growth is generally levelling off in the rest of the market, township residential property prices have confounded market conditions and... 

Climate change under fire at summit 

By: Megan van Wyngaardt     16th April 2015 Climate change, with a particular focus on limiting global temperature rise to less than 2 °C, would be under the spotlight at the first-ever Business & Climate Summit, to be held at the United Nations Educational, Scientific and Cultural Organisation headquarters, in Paris, on May 20 and 21.... 

What’s next for the township economy?

By: Sydney Majoko     13th March 2015 There is a growing realisation by government that townships have to play a bigger role in the mainstream economy than simply being 'reservoirs for cheap labour', as was intended when they were first established. That can only happen when the nature of the townships changes from that of merely... 

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. 

Company Announcement: Toyota Forklift’s delivers total solution to Massbuild

By: Creamer Media Reporter      17th April 2013 Toyota Forklift was recently awarded the Massbuild tender to supply material handling equipment for use in their newly constructed regional distribution centre in Midrand 

Africa offers greatest growth opportunity for UK retailers – Barclays

By: Natalie Greve     2nd April 2013 A recent survey by global financial services provider Barclays has shown that, while the US and China remained favoured investment destinations for UK retailers, the majority believed that the African continent would offer the greatest retail growth opportunity in the next decade. “Many of the... 

Food security top for Brics nations

By: SANews, SA government news service     19th March 2013 Agriculture, Forestry and Fisheries Minister Tina Joemat-Pettersson says Brics member countries have put food security at the top of the agenda ahead of the all-important summit in Durban. She was addressing the Brics summit roadshow in Mbombela on Monday, which aims to raise awareness ahead of... 

Distribution centre takes delivery of 34 machines

By: Chantelle Kotze     1st February 2013 Forklift and lift truck distributor Goscor Lift Truck Company (GLTC) has delivered 34 materials handling machines, including several Crown reach trucks, Doosan forklifts and Tennant sweepers to Walmart group subsidiary Mass Discounters’ distribution centre in KwaZulu-Natal (KZN). 

Company Announcement: Success for Goscor at Walmart’s Mass Discounters

4th December 2012 Goscor Lift Truck Company continues with its unabated success in KZN 

Waterfall Business Estate, South Africa

By: Sheila Barradas     30th November 2012 Atterbury Property Group has announced that it will start the next 70 000 m2 of development at Waterfall Business Estate before year-end. 

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