Mr Price Group Ltd. faced investor skepticism over the clothing chain’s purchase of the retail business of NKD Group in Europe, a deal that has wiped about a quarter off the South African retailer’s share price since it was announced.
Pepkor Holdings Ltd. is seeking a banking chief as Africa’s biggest seller of clothing and mobile phones plans to open branches using its store network in South Africa to reach millions of lower-income customers.
Woolworths Holdings Ltd. said trading in its Australian apparel business slowed sharply at the end of the first half, while stepped-up investment in its South African food division weighed on margins.
A Woolworths Group Ltd. logo Photographer: Carla Gottgens/Bloomberg
British American Tobacco Plc warned South Africa’s government for years that it would be forced to end production there if illegal cigarette sales weren’t stamped out, according to the chief executive officer.
A man buys a cigarette from a woman at in South Africa. Photographer: EMMANUEL CROSET/AFP
South Africa will withdraw its troops from the United Nation’s peacekeeping mission in the Democratic Republic of Congo as the continent’s largest economy seeks to “realign” the resources of its armed forces.
Uruguayan soldiers of the United Nations Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO) travel on their armored personnel carrier (APC) in Nzulo, on the main road linking the North Kivu capital Goma to the town of Sake, on January 25, 2025. Three South African soldiers were killed and 18 injured in clashes with M23 forces in the east of the Democratic Republic of Congo, where they were part of a southern African mission, a political party and a military union said Saturday. (Photo by Jospin Mwisha / AFP) (Photo by JOSPIN MWISHA/AFP via Getty Images)
South Africa’s $4 billion beauty market is fast becoming a key battleground for retailers grappling with a sluggish economy, weak consumer confidence and intensifying competition.
Popsicle Professional Nails opened two salons in December.
Mr Price Group Ltd. slumped amid market concerns that the South African clothing chain is overpaying for the retail business of NKD Group to expand in central and eastern Europe.
Pepkor Holdings Ltd. got approval from South African authorities to establish a banking presence there as the continent’s biggest seller of clothing and mobile phones using prepaid seeks to offer its millions of lower-income customers more financial services.
A Pep store, operated by Pepkor Holdings in Boksburg, South Africa.
China will finance HIV-prevention programs in South Africa for the first time, taking a small step into the massive void left by US funding cuts earlier this year.
A woman queues at a clinic during the launch of an anti-AIDs drug in South Africa.
Anmelden
