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South Africa's Pick 'n Pay H1 Earnings up 15.5 Pct 17 Oct 2006 Retailing & Leisure |
| South African supermarket group Pick 'n Pay said first-half headline earnings per share rose by 15.5 percent and it expected to achieve real earnings growth in the current year.
Pick 'n |
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| Retailer Massmart Earnings Up 28 pct 24 Aug 2006Retailing & Leisure |
| South African retailer Massmart said its annual headline earnings per share increased by 28 percent on record sales and it expects a solid first half.
Annual headline earnings -- the key profit |
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| Peermont Buys Casino for R358 mln 16 Aug 2006Retailing & Leisure |
| South African casino and hotel company Peermont Global has bought a controlling stake in Tusk Casino Resorts and Hotels Group for 358 million rand, the company said on Wednesday.
Peermont also |
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| Sun International Sets Closing Date for RAH Bid 8 Aug 2006Retailing & Leisure |
| South Africa's biggest hotel and casino company Sun International set a closing date of September 1 for its bid for Real Africa Holdings, it said on Tuesday.
It also declared its offer, which |
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Hotel Group to Spend $35 million in Kenya 26 Jul 2006Retailing & Leisure |
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Fairmont Hotels & Resorts, operating some 120 hotels globally, will use part of its $500 million war chest for its thrust across the continent.
Speaking to journalists after unveiling a $35 |
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| Foreign Tourists Visiting Zambia up by 21 Percent 24 Jul 2006Retailing & Leisure |
| Over 600,000 tourists visited Zambia last year, representing a 21 percent increase over that of 2004, according to the Zambia National Tourist Board (ZNTB).
ZNTB Managing Director Charity Lumpa said |
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| Retailer Woolworths yr Sales Up 16.3 pct 20 Jul 2006Retailing & Leisure |
| Food and clothing retailer Woolworths year sales to June jumped by 16.3 percent from the comparable 52-week period last year, the company said in a statement on Thursday.
The company did not give |
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| Government Outlaws New Houses at Mara 19 Jul 2006Retailing & Leisure |
| Construction of new hotels, camps and lodges in the Maasai Mara Game Reserve has been outlawed.
"Those preparing to undertake such projects in the game reserve will now have to put on hold |
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S.Africa Aims for 10 mln Tourists Ahead Worldcup 19 Jul 2006Retailing & Leisure |
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South Africa is aiming for the magic 10 million mark in foreign tourist visits by 2010, the year it hosts the soccer World Cup, as it attempts to create badly needed jobs.
"Last year we |
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| Tour Firms Feel Bite of Fuel Levy 15 Jul 2006Retailing & Leisure |
| Tour operators are already feeling the pinch of higher fuel prices, barely a month after the Government raised the Road Maintenance Levy by Sh3.20 per litre of fuel.
Kenya Tour Operators |
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| Uchumi Reopens After 45 Days of Closure 15 Jul 2006Retailing & Leisure |
| Uchumi Supermarket opens its doors today after almost six weeks of closure.The supermarket chain will initially open five outlets in Nairobi — Sarit Centre, Lang’ata, Mombasa Road, Ngong Road and Aga |
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| Scangroup Frees Advertising Division 14 Jul 2006Retailing & Leisure |
| Scangroup, the soon-to-be listed marketing services company, has re-launched its advertising arm, making it autonomous in a move it says will speed up decision-making.
The changes include the |
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| Hotels Prepares to For High Season 10 Jul 2006Retailing & Leisure |
| The tourist high season is setting in with several hotels at the Kenyan Coast gearing up to re-open.
Majority of hotels that had closed down have been refurbished and are ready to welcome |
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S.Africa's Pick 'n Pay Plans To Buy Fruit/Veg City 13 Jun 2006Retailing & Leisure |
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South African supermarket group Pick 'n Pay Stores, the country's biggest retailer by sales, said on Monday it plans to acquire Fruit & Veg City Holdings.
An agreement in principle |
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Hopes of Saving Uchumi Now Shattered 12 Jun 2006Retailing & Leisure |
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Uchumi Supermarkets chain hopes were shattered on Sunday when it was put on sale.Receiver-managers said the supermarket’s 17 branches and other assets would be sold after Monday 19. On offer are the |
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| Unions Taking South Africa Backwards 21 May 2006Retailing & Leisure |
| South African President Thabo Mbeki would not impose a State of Emergency after violent protests by security guards over wages broke out in Cape Town this week, but slammed workers by saying that |
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| Libya, Venezuela Sign Co-operation Accord 21 May 2006Retailing & Leisure |
| Libya and Venezuela on Thursday signed a general co-operation agreement to increase bilateral ties.Libyan secretary for foreign affairs and international co-operation, Mohamed Tahar Siala and |
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| Wireless In Travel – Hype Or Necessity? 3 May 2006Retailing & Leisure |
| Internet-enabled mobile phones are believed to play a crucial role in the proliferation of the mobile Internet. The definition of the mobile Internet is quite simply the use of wireless technologies |
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| Analyst: Shootings Won't Affect Denny's 17 Mar 2006Retailing & Leisure |
| A string of three fatal shootings at Denny's restaurants in California are unlikely to affect the company known for serving "Grand Slam" breakfasts financially, a Wall Street analyst |
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TV Demand Helps Japan Electronics Makers 17 Mar 2006Retailing & Leisure |
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Just five years ago, Japan's electronics makers were in a sorry state. Profits were sinking as less expensive Asian rivals grabbed market share and prices for everything from computer chips to |
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