Coronavirus forces lofty Harrods to embrace lowly mall

The iconic department store is setting up shop in a retail centre that can cope with social distancing

PIC ups its stake in Woolworths

The Public Investment Corporation now has about a 15% interest in the group, from about 11% previously

CHRIS GILMOUR: Spar’s diversified regions infuse a nice rand-hedge flavour to the stock

Spar’s strategy of seeking growth outside SA has paid off, but weakness in the rand has not been fully reflected in recent results

Pandora to move to only recycled precious metals in its jewellery

The policy, which takes effect in 2025, will lower carbon emissions by two thirds for silver and more than 99% for gold

SA online retailer RunwaySale scores R100m investment

Founder Karl Hammerschmidt says there's great potential for his company to expand as SA's shoppers search for bargains

First company found guilty of excessive pricing on dust masks

Competition Tribunal fines industrial clothing supplier for inflating prices

Niche shops ask landlords for turnover-based rentals

Unlisted retailers form a group to negotiate with the property owners

Shopping to undergo a sea change across the world after Covid-19, says S&P Global

Measures put in place during lockdowns are likely to persist, with huge implications for every aspect of life and business

Mr Price says it is not eyeing Jet

There has been speculation the group was looking to acquire assets from struggling Edcon, after announcing a capital raise recently

Woolworths determined David Jones has more to offer

Woolworths is prepared to pump capital into its Australasian brands which it says have a strong heritage and customer base

Pepkor in talks with banks about new debt terms

Reducing debt remains its objective even if it does not take place quickly, CFO says

Renault, Nissan and Mitsubishi say no to merger but yes to closer co-operation

Cutting the alliance’s vehicle ranges by 20%, pooling manufacturing by region and capitalising on joint designs, is a sort of ‘peace treaty’

VW finalising deals with Chinese electric vehicle firms

VW wants to remain the largest foreign carmaker in China, which is targeting 25% of 2025 annual sales to be made up of new-energy vehicles

Pepkor expects to hold on to full-year dividend

The group says Covid-19 has added more pressure on consumers already hit by load shedding and low economic growth

Woolworths food sales in SA remain resilient amid Covid-19

Group sales fell 17% in the eight weeks to April 26, although the food business in SA has experienced steady demand

Famous Brands likely to breach debt commitments as lockdown hits

The Wimpy owner is also in talks with its primary banker about adjusting debt maturities


Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.