Latest News & Developments
retail
Black businesses urged to acquire Pick n Pay amid retail struggles
Former Statistician-General Pali Lehohla has called on organised black businesses to consider acquiring the struggling retail giant Pick n Pay, highlighting the R3. 6 trillion spending power of black South African households. Speaking at Nafcoc's 60th anniversary event, Lehohla questioned why black consumers remain without ownership stakes in major retailers despite their significant economic influence.
OK Zimbabwe seeks $30 million capital raise amid financial struggles
Zimbabwe's largest retailer, OK Zimbabwe, is seeking to raise $30 million through rights issues, private placement, and debt instruments to stabilize its deteriorating financial position. After replacing senior executives and experiencing a 36% decline in volumes, the company aims to address supplier payment issues and strengthen its balance sheet amid Zimbabwe's challenging economic environment.
Best vehicle sales month in two years: these were the 50 top sellers in March 2025
March 2025 saw a surge in vehicle sales in South Africa. These were the top selling vehicles and brands last month:
Changan returning to South Africa with new range of SUVs, sedans, bakkies and NEVs
One of China's biggest automotive companies, Changan, is relaunching in South Africa with a comprehensive line-up of vehicles. Here's what to expect:
Electric vehicles show significantly worse depreciation in US used car study
Electric vehicles are losing value faster than their petrol counterparts, according to a comprehensive US study analysing over 800,000 used cars.
Pepkor to acquire Retailability stores in strategic expansion of adultwear market
Pepkor is set to acquire hundreds of stores from Retailability, including brands like Legit and Swagga, as part of its strategy to expand its market share in the adultwear sector. This acquisition is expected to enhance Pepkor's offerings and strengthen its position in the competitive retail landscape.
Retail sales surge by 7% in January as consumers spend more
South Africa's retail sector kicks off 2025 with impressive growth, as January sees a 7. 0% year-on-year increase in sales, driven by improved consumer spending power and a favourable economic environment.
Woolworths says its shelves are now fully stocked following meat and fresh produce shortages
Woolworths announces full restocking of shelves after overcoming significant meat and vegetable shortages, ensuring customers can find their favourite products once again.
Retail sales rise modestly as consumers seek value amidst economic challenges
South Africa's retail sector demonstrated resilience in 2024, with FMCG spending reaching R637 billion despite economic pressures. While private labels showed strong growth and festive season sales surged, the technology sector faced challenges. NIQ's latest analysis reveals changing consumer behaviours and emerging retail trends
Woolworths resolves supply issues, promises full shelves by week's end
Woolworths has reassured customers that their shelves will be fully stocked by the end of the week, following shortages experienced last week.
WATCH: From a POST paper boy to Pick n Pay boss: Raheem's viral dance motivates staff
Regional manager enters team building event dancing to Kendrick Lamar’s 'Not like Us'
Woolworths cuts interim dividend after its clothing businesses struggled in South Africa, Australia
Woolworths Holdings has announced a 28% cut to its interim dividend, citing increased macro-economic risks and challenges in its clothing division, despite a strong performance in its Food business
Shoprite sales volumes surge 10. 4% as it navigates tough market conditions
While its rivals flounder, shift towards budget offerings and rationalise operations through closure of non-performing stores, Shoprite is growing its footprint. This is helping it trump up the competition, with sales volumes for the first month of the current second half year to June registering a further uptick.
Sixty60 grocery delivery service expanded to Shoprite stores after Checkers success
The Shoprite Group has announced the expansion of its Sixty60 grocery delivery service, making it more accessible to South Africans.
Suzuki Swift dominates new car market again - these were the 50 top selling vehicles in February
February 2025 saw a 17% surge in South African passenger vehicle sales, led by the new-generation Suzuki Swift, which continues to outperform competitors in the market.
Another strong sales month for SA new vehicle market - these were the top-selling brands
The South African new vehicle market continued its positive momentum in February, while exports lost some steam.
Truworths International sees profit margins squeeze despite sales growth
Truworths International reports a 2. 4% increase in retail sales to R12. 5 billion for the 26 weeks ending December 29, 2024, despite a decline in gross profit margin. The company's headline earnings per share fell 4. 6%, prompting a cautious outlook for investors
SPAR flags declining sales amid profit improvement efforts
SPAR's latest trading update reveals a 1. 6% decline in total sales, despite strong performance in Southern African operations and significant growth in online orders.
Are Elon Musk’s political antics contributing to Tesla’s global sales slide
Elon Musk's recent political controversies raise questions about their impact on Tesla's sales performance in Europe and other regions.
Volvo dealers left high and dry, customers uncertain amid major restructure
Volvo Cars South Africa faces backlash as dealers face closure and customers are left uncertain about their future service options.
Valentine’s Day data trends shows we spend more on the day of love
Each year on this day, spending increases on categories such as chocolates, flowers, general gifts, and jewellery. An example can be seen from data from FNB card holders, whose spending in these categories increased by 11% year-on-year in 2024 on Valentine’s Day, and the bank expects this figure to double in digit growth this year.
Consumer wins against Spar over misleading school shoes advert
A consumer has successfully challenged Spar's television advert for school shoes, claiming it misled customers about size availability, leading to a ruling from the Advertising Regulatory Board
PepsiCo's Bašumi Trust Delivers R28. 6m dividend to 10000 B-BBEE beneficiaries
This latest disbursement amounts to R28. 6 million, bringing total payments since the Trust's inception to nearly R80 million, it said in a statement on Monday.