Tiger Brands’ chief to bow out

Johannesburg – Tiger Brands’ share price shot up on Friday after the company announced that its chief executive would leave at the end of the year. The shares gained as much as 7.43 percent to R318, the highest since April 28, before closing up 4.39 percent on...

Rhodes Food buys local General Mills operation

RHODES Food group has added muffins, croissants, cookies and pizza to the list of convenience foods it will distribute after snapping up global food manufacturer General Mills’ South African operations. The Cape Town-based food company announced on Thursday that it...

Pick n Pay falls as earnings forecast comes in lower

IN an earnings update on Friday Pick n Pay warned that market conditions were likely to remain difficult in the second half. This echoed sentiment from other South African retailers who have continued to feel the pain as consumers face sustained pressure from rising...

Altron takes a beating as orders slow

ALTRON continued to see adverse conditions in four areas of the business in the six months ended August, the company said on Wednesday. This came amid losses in its Altech Node business and Altech Autopage as the sale of its subscriber base to MTN, Vodacom and Cell C...

Low shipping rates knock Grindrod

This year holds good fortune for fashion retailers such as Mr Price and Foschini, meanwhile the country’s largest retailer Edcon might have to make a painstaking decision about its future, equity analysts said last week. Mr Price will continue to be the darling of the...

Edcon strained, other retailers shine

This year holds good fortune for fashion retailers such as Mr Price and Foschini, meanwhile the country’s largest retailer Edcon might have to make a painstaking decision about its future, equity analysts said last week. Mr Price will continue to be the darling of the...