Price dispute sinks Shoprite, Steinhoff merger plan

Business magnate Christo Wiese drops the multibillion-rand merger after key players fail to agree on price

1 day ago
Wiese drops Shoprite, Steinhoff merger plan

Analysts say the Public Investment Corporation withdrew support for business magnate Christo Wiese’s multibillion-rand plan to merge Shoprite and Steinhoff

1 day ago
Tiger Brands to sell controlling stake in Kenyan business

Tiger says the majority of Haco’s business does not align with its current operating model of owning leading fast-moving consumer goods brands

1 day ago
Shoprite’s interims a fitting sendoff for Whitey Basson

Retailer says the drought and its effect on agricultural production, along with the high replacement cost of basic food imports, pushed up internal inflation

1 day ago
Pioneer Foods warns of first-half headline earnings per share falling 38%-55%

Hit by drought and rand weakness, Pioneer Foods Group has warned of a 38%-55% drop in headline earnings per share for the six months to March

1 day ago
Kraft’s bid for Unilever collapses

The Anglo-Dutch company’s adamant rejection of Kraft Heinz Company’s offer is said to have played into billionaire Warren Buffett’s aversion to hostile deals

2 days ago