Tesco Could Follow Wal-Mart Into Africa

Finance / United Kingdom As Wal-Mart prepares to finally close on its US$2.4bn acquisition of South Africa's Massmart, attention is turning to whether the deal will be the catalyst that brings the likes of Tesco and Carrefour...

SABMiller Linked With Guinness Buy, Diageo May Get Out Of Beer

Companies / United Kingdom SABMiller is likely to make a major acquisition in 2011, with Guinness being the latest major beer company to be linked with it. Although there has been no official comment yet, BMI believes acquiring...

Shoprite Annual Sales Up 13.6%, Poised To Grow Market Share

Companies / South Africa With consumer confidence still broadly weak - reflecting the ongoing strain of the 2009 downturn on household finances and an official unemployment rate of about 25% - despite the recent pick up in headline...

Consumer Confidence Returning Slowly As World Cup Approaches

Industry / South Africa The South African consumer market can be split into key groups. On one hand, tastes and preferences and the overall rollout of key consumer industries (including food and drink) are comparable to most...

Cadbury Agrees To Takeover Following Improved Kraft Bid

Companies / United Kingdom Following five months of heated rhetoric US food giant Kraft looks set to absorb UK-confectionary firm Cadbury after upping its bid and winning the backing of the company's board. Kraft's revised bid...