Corporate news, deals and industry developments.
Grocery retailer Pick n Pay reported a narrower headline loss in the first half on Monday on higher margins and tighter cost control, boosting confidence that CEO Sean Summers’ turnaround plan is beginning to deliver results. The country’s number two grocer by turnover is seeking to restore profitability and regain shoppers after years of market-share…
Nearly 35 000 jobs could be lost in the clothing, textile, leather and footwear sector by 2030 if global online retailers such as Temu and Shein are not properly regulated, the Southern African Clothing and Textile Workers’ Union (SACTWU) has warned. The two China-founded e-commerce platforms have grown rapidly in South Africa in recent years,…
President Cyril Ramaphosa will lead a delegation to Silicon Valley in the United States next month to explore new opportunities in artificial intelligence (AI). Ramaphosa confirmed this during an engagement with journalists and editors in Sandton on Monday, during the commemoration of Black Wednesday. He said the delegation will include government officials, the business sector…
Registering a company with the CIPC is the first formal step for most new businesses. Here is how the process works.
