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
BL PREMIUM
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