Core profit rose 11.8% in the brewer’s year to end-December, near the top of its expected range, with demand in SA recovering to above pre-Covid levels
Restaurant activity rebounded strongly, particularly in the last three months of 2021, but turnover and profit still remain below pre-pandemic levels
An easing of Covid-19 restrictions helped the group grow revenue by more than a fifth in its core SA market in its half year to end-December
Techniques include giving free samples and executives setting up or joining online ‘mums’ groups’, World Health Organisation, Unicef and M&C Saatchi report says
Mudiwa Gavaza is joined by David Makovah, CEO of business education platform Mr Mak Learning
Company didn’t declare a dividend, citing economic uncertainty and efforts to rebuild the business
The food manufacturer aims to focus on its core food offerings, which generate more than 90% of revenue
Damage and closure of stores put pressure on a retailer that was already struggling to return to profit
Growth remains weak in SA but green shoots are showing in the retailer’s UK business
CEO Mark Schneider says world’s largest food and beverage company isn’t immune to soaring cost inflation
Group joins a growing list of consumer goods companies — including Nestlé and Unilever —voicing concern over surging input prices
Decision follows disappointing talks with Irish banks
The company buys unwanted fruit and makes it into juice
Wholesaler needs more capital and to fund new software rollout as well as expansion in Eastern Europe
Spar says trading conditions in SA are challenging because of high unemployment, constrained consumers and ‘aggressive competitors’
Group franchise sales up 28.3% in six months to end-December but still tenth below pre-pandemic levels
Asset manager will vote against buyout offer, but deal still poised to get over the line
The pandemic has had a hand in setbacks delaying the retailer’s foray into the fast-growing East European market
Shoprite continues to be a market leader in SA, growing far more than other retailers have
