Woolworths is shrinking its clothing floors as food increasingly becomes the retailer’s biggest growth engine
Food earns less on each rand and far more in total, so the new chief executive is sending the capital and the floor space its way.
Companies
The deals, results, leadership and strategy of the companies shaping South Africa.
GoPro is merging with an optics company as it pivots towards AI, defence and aerospace
GoPro shareholders get $285 million and keep about a tenth of the business, and the buyer's plan is aimed at AI data centres rather than cameras.
Big story
DStv looks set to launch a standalone sports package in South Africa
Pages MultiChoice briefly published show five packages replacing the old ladder on 17 September, at the same five prices subscribers already pay.
Apple has a new CEO for the first time in 15 years as Tim Cook steps aside
John Ternus took over on Tuesday, and a filing that landed the same day set out what Apple is paying both men and what it wants from each of them.
Motus bet on South Africa’s Chinese car boom and sales have grown more than 200%
South Africa's biggest dealership group sold barely more last year and made a fifth more profit, and the reasons are a repaid loan book and a changed brand mix.
Shoprite’s CEO explains why rivals would struggle to build their own Sixty60
Shoprite tried grocery delivery the way everyone else does it, gave up on that in 2019, and built a R25.5 billion business off the floors of its own supermarkets instead.
Nedbank has cleared its biggest hurdle to buying a Kenyan bank
The Central Bank of Kenya has approved the R13.9 billion NCBA deal, less than a year after Nedbank finished getting out of West Africa.
South Africa’s biggest retailer has just bought one of the country’s biggest coffee chains
Two South African grocers, one idea, a decade apart: buy the coffee expertise rather than spend years learning it.
Editor’s pick
The Iran war has helped fuel an 83% share price surge for one of South Africa’s biggest companies
Earnings up, debt down, share price up 83%, and no final dividend, because of a threshold Sasol set for itself and missed by $300 million.
Eskom's chief financial officer is leaving after 24 years, with a successor wanted before December
Calib Cassim spent Monday morning explaining a 28% discount to ferrochrome smelters, and the same statement said he was retiring after 24 years.
Bidvest is swapping its acquisition spree for a R2.5 billion bet on South Africa’s ports
Sales grew about 3% in the year to June. What the group did with the cash underneath them is where the year went.
Children will soon be locked out of both Instagram and Facebook between midnight and 6am
Meta has settled the American states' case over what its apps do to children, and the money comes in three different sizes depending on who is describing it.