End of an era as Clicks pulls the plug on Musica
Clicks shareholders are advised that the board of directors has taken a decision to close the group’s heritage entertainment brand Musica.
retail sales
Mr Price delivers strong growth in tough economic environment
Mr Price recorded growth in retail sales and other income of 5.0% to R7.8bn over the corresponding period in the prior year.
Black Friday stole Christmas from SA retailers
South African retail sales unexpectedly fell in December as general dealers’ trade dropped. Retail sales decreased by 0.4% from a year earlier.
Retail sales beat the street for second straight month
South African retail-sales growth beat expectations for a second straight month in May, boding well for an economy that contracted in the first quarter.
Truworths joins ranks of those hit by British High Street woes
Truworths fell the most in five months in Johannesburg as the South African retailer joined the ranks of those feeling the pain from the UK’s ailing shopping streets.
Retail sales lose that festive cheer, first slump in 22 months
South African retail sales slumped unexpectedly for the first time in 22 months in December.
Ramaphoria gives business confidence a lift; but still in net negative terrain
The RMB/BER Business Confidence Index (BCI) jumped by 11 points from 34 in the fourth quarter of 2017 to 45 in the first quarter of 2018.
Highlights of today’s financial results: Tiger Brands, Spar
The price of Tiger Brands is back where it started a year ago after losses from the Nigerian misadventure keep growing; Spar has done much better by targeting its expansion into the First World.
Massmart’s full-year sales jump 10.4%
Massmart Holdings Ltd reported a 10.4 percent jump in full-year sales on Thursday as its consumer goods, liquor and home improvement supplies business posted better performance.
IG midday market update 23 Jan
This information has been prepared by IG, a trading name of IG Markets Limited.