Some people seem to think that South Africa is the king of oddities and curiosities, particularly when it comes to the many schemes aimed at fleecing unsuspecting and gullible consumers of their money. But there are oddities all over Africa and there just as many crooks, thieves and scammers in other parts of Africa as there are in South Africa.
By Paddy Hartdegen 4 Jul 2013 12:25
SoLoMo: the glorious intersection of social, location and mobile that was going to superpower hyperlocal search and prove to be the holy grail, allowing retailers and other businesses to attract an army of smartphone-wielding customers. Pretty exciting stuff, especially during an economic downturn, right? In my opinion, quite the contrary.
By Vanessa Clark 23 Jan 2013 11:54
A billion Africans and 50 million bank accounts. In South Africa, credit cards are used by only 16.5% of the population (2008). No African country comes close to 1% of total retail spend spent online - the magic figure which constitutes the tipping point for digital retail growth. No wonder, then, that the ecommerce market in Africa hasn't bloomed.
By Herman Manson 12 May 2011 18:55
The Zimbabwe government has blocked the purchase of a 24% stake in TM Supermarkets by South Africa's retail group Pick n Pay due to an indigenisation law requiring foreign and white-owned firms to relinquish control to black Zimbabweans.
By Dumisani Ndlela 20 Jan 2011 11:52
South Africa's Massmart, a sitting duck for a US$2 billion takeover bid by US retailer Wal-Mart Store Inc., has sold its Zimbabwe unit to retail group, OK Zimbabwe. The deal ends months of speculation over Massmart's planned disposal of Makro Zimbabwe and the identity of the buyer.
By Dumisani Ndlela 10 Dec 2010 11:22
Zimbabwe's Meikles group has agreed to allow Pick n Pay to rebrand TM Supermarkets after a deal in which the South African retailer will shore up its shareholding in the supermarket chain to 49%.
By Dumisani Ndlela 2 Dec 2010 11:28
Zimbabwean retailers have begun their big push for the 13th cheque - bonus money that always comes ahead of the year-end festive season. The Christmas carols are already playing in decorated shops and complexes, and it is all looking beautiful.
By Dumisani Ndlela 19 Nov 2010 09:18
Lagers and sparkling beverages consumption surged during the six months to 30 September 2010, pushing total beverages volumes for the half-year period to a level not seen since 2005. Lagers volumes reached levels last seen in 1999.
By Dumisani Ndlela 15 Nov 2010 06:54
Finance Minister Tendai Biti has realised that stability brought to the country by dollarisation has also brought with it some difficulties - hundreds of retail customers have to get their change in the form of sweets because of lack of coins.
By Dumisani Ndlela 1 Nov 2010 08:36
Zimbabwe departmental stores group, Meikles Stores is targeting 50 000 new accounts between October and December under a partnership with a local financial institution, TN Bank. The accounts will be managed by a TN Bank-Meikles Stores joint venture vehicle, Meikles Credit Services.
By Dumisani Ndlela 11 Oct 2010 08:00
Zimbabwe's central bank has called on government to halt what it called "deindustrialisation through over-reliance on imports of finished goods" after the distribution and retail sector accounted for the biggest jump in imports by value during the half year to June.
By Dumisani Ndlela 11 Aug 2010 08:33
A liquidity crunch in Zimbabwe since dollarisation has meant that cash has become the most sought after commodity in the country after food. But fast moving consumer goods (FMCG) manufacturers are ensuring a massive ramp up of food production to get people's cash trickling into their coffers even when other businesses are haemorrhaging from dwindling demand.
By Dumisani Ndlela 14 Jul 2010 09:49
Meikles Ltd CEO Brendan Beaumont has confirmed negotiations with South Africa's Pick n Pay over Zimbabwe's TM Supermarkets, saying the supermarket chain requires US$21 million, or R167 million at the ruling exchange rate, in fresh capital.
By Dumisani Ndlela 24 May 2010 10:07
South Africa's retail group Pick n Pay was said to have reached an agreement on extending its shareholding in Zimbabwe's TM Supermarkets, currently majority-owned by Kingdom Meikles. The deal is said to be part of a recovery plan for the Kingdom Meikles group, whose retail operations need significant cash injections for refurbishment and restocking.
By Dumisani Ndlela 10 May 2010 08:09
TM Supermarkets has reacted to a market campaign by OK Zimbabwe aimed at increasing customer traffic into its stores. There has been a rush of customers into OK Supermarket outlets since its OK Grand Challenge promotion was launched last week, with thousands of dollars worth of prizes and discounts on over 80 product ranges from participating suppliers and manufacturers.
By Dumisani Ndlela 28 Apr 2010 07:49