south africa
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Walmart veteran to take the helm at Massmart
Less than a month after the resignation of Guy Hayward as Massmart CEO was announced, his replacement has been revealed. Walmart (which holds a majority stake in the South African retailer) is to parachute in one of its own – Mitchell Slape. 51-year-old Slape has worked at Walmart for 25 years in various roles across
28th May 2019
Categories: SagaRetail News - Retail & Shopping Malls - South Africa
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MAF sees Kenyan Carrefour sales soar and eyes new markets
UAE-based Carrefour franchisee Majid Al Futtaim (MAF) saw its Kenyan sales rise by 71% during 2018, to AED506 million (USD137.8 million). MAF currently operates seven stores (six hypermarkets and one supermarket) in Nairobi. Nairobi’s eighth Carrefour store (another hypermarket) is due to open later this year in the premises formerly occupied by Nakumatt along the
9th April 2019
Categories: Egypt - Retail & Shopping Malls - Kenya - Uganda - South Africa
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Import restrictions threaten supermarket supply chains in Southern Africa
According to The African Development Bank’s annual African Economic Outlook, which was published last month, such South African retail chains as Shoprite risk becoming victims of their own success in Southern Africa. This is because governments in the region have begun to perceive them as a threat to local economic development and are moving to
25th February 2019
Categories: SagaRetail News - Retail & Shopping Malls - Zambia - Zimbabwe - South Africa
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Troubled retail group Edcon gains some breathing space
Johannesburg-based Edcon Holdings Ltd., which operates the Edgars chain of clothing stores, has been given approval by its creditors to implement a recapitalisation plan. The bulk of the company´s 1,500 stores are in South Africa, but it has 169 outlets in other African markets, including Botswana, Ghana, Mozambique and Zambia. The 89-year-old company was acquired
28th January 2019
Categories: SagaRetail News - Retail & Shopping Malls
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South African variety store chain looks north for growth
Miniso is not the only variety-store chain seeking to expand in the sub-Saharan market. South Africa-based discount variety chain The Crazy Store currently has 347 stores, including 14 in Namibia and two in Botswana, with more on the way in both countries and longer term plans to expand into other sub-Saharan markets. Having opened its
5th September 2018
Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Botswana - Namibia
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Massmart to open six new Builders Warehouse outlets
South Africa-based Massmart has unveiled plans to open six new Builders Warehouse stores over the next two years.These stores will located in Kenya, Mozambique, Swaziland and Zambia.
5th September 2018
Categories: SagaRetail News - Retail & Shopping Malls - Construction & Real Estate - Kenya - Mozambique - Zambia
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Sagaci Insights: SagaIncome and Socio-Demographics
Finding accurate data on household income in Africa can be challenging due to such factors as inadequate national statistics and bouts of monetary instability. At Sagaci Research, we have leveraged our on-the-ground network, which conducts some 600,000 survey interviews annually, to create a more robust alternative – SagaIncome. Covering five of the continent´s most important cities (Accra, Dakar,
23rd May 2018
Categories: Consumer - Ghana - Sagaci Insights - Kenya - Nigeria - Senegal - South Africa
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Sagaci Insights: Financial Services in Ghana, Kenya, Nigeria and South Africa
We recently published a series of reports covering the retail banking markets in Ghana, Kenya, Nigeria and South Africa, as well as a broader regional study covering all four countries. These provide data and insight on the penetration rates of financial products, the market for consumer credit and the competitive landscape. What is the penetration rate of financial
4th May 2018
Categories: Consumer - Ghana - Financial Services - Kenya - Nigeria - South Africa