Grand Parade’s big name investments still not paying their way

The group has still not managed to recoup its investment in the local rights for US chains Burger King, Dunkin’ Donuts and Baskin-Robbins

Rapid action against Steinhoff is ‘the right move’

Head of the Dutch Investors Association says he is ‘incredulous’ that PwC is only in the preliminary stages of an investigation

Steinhoff shares ‘would be snapped up’

STAR chairman says investors would be eager to buy cash-strapped company’s stake

Poultry producer Astral wants chicken to be VAT free

The company says it believes the basket of goods that are exempt from value added tax needs to be reviewed and ‘chicken should be included’

Toys R Us closure in the US the end of an era, but local operations are not affected

The US is closing 735 of the iconic stores, having failed to find a buyer, but in Southern Africa, the brand is booming

Sales volumes biggest in six years

The discretionary spending power of consumers is slowly returning as inflation slows and the rand strengthens

Agribusiness Quantum to post cracking results

Strong results raise the possibility of a bumper dividend for shareholders, says an analyst

EXCLUSIVE: Steinhoff investors voted to absolve directors of liability

The group’s annual report warns: ‘Information can no longer be relied on’

Crocs cannot protect its namesake clogs — because they went public first

The General Court of the EU said Crocs released the design well before it filed for registration, notably on its website, at an international trade fair and ...

Inditex sees weakest profitability in a decade and slowdown in sales

The world’s largest clothing retailer’s gross margin narrowed to 56.3% in the year to end-January

Steinhoff — too big for vulture investors to ignore

Despite Steinhoff’s spectacular fall from grace and liquidity, buyers are piling in with hedge funds now holding most of its bonds and bank loans

Shoprite and France’s Carrefour go toe-to-toe in Kenya

BMI says Shoprite has the advantage but the challenge from Carrefour could grow with Kenya’s middle class

Steinhoff sells chunk of KAP stake

The furniture retailer intends to sell about 40% of its shares in KAP Industrial Holdings via an accelerated bookbuild

AVI aims to resole Green Cross

Top-performing Spitz division given oversight to counter sharp profit fall

Relatively stronger rand lifts AVI

The firmer currency helped to alleviate cost pressures, enabling the consumer goods group to keep selling prices stable

Homechoice to step up its digital sales platform

CEO Shirley Maltz says to meet online demand Homechoice plans a new retail commerce platform in 2018

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