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Turkish houseware manufacturers on trade mission in SA

Under the ambit of the Turkish Housewares Manufacturers & Exporters Association, 25 Turkish houseware manufacturers will hold B2B meetings with local business partners in Sandton on 15 August 2017.

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Retailers may breathe easier in fourth quarter, say analysts

While there is no outright good news for retail, analysts say the last quarter of 2017 is unlikely to plunge the sector to new lows.

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Should importers have to pay VAT and duties on goods stolen from a customs warehouse?

A recent appeal relating to the payment of excise duty and value-added tax (VAT) on goods stolen from customs or excise warehouses has opened the debate on the payment of the duty in the case of armed robberies, hijackings, theft and burglary. In an armed...

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Manufacturing figures point to an end to recession

Manufacturing production increased in the second quarter of the year – indicating SA may be heading out of recession. Manufacturing production increased by 1.5% in the second quarter of 2017 compared with the first quarter, with six of the 10 manufa...

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Amazon looks to new food technology for home delivery

Amazon.com Inc is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business. The world’s biggest online...

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Premier Foods in court fight over use of name

Premier Foods, in which investment group Brait has a majority stake, is taking Premier Food & Fishing (PFF) to court over the company’s name. The food producer says the move became necessary after the recently listed African Equity Empowerment I...

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Big job cuts at Pick n Pay ‘just running repairs’

Significant job losses at Pick n Pay, with more expected to come, are considered a necessary structural shift at the country’s second-largest food retailer to make it more competitive in a tough economy. Pick n Pay, which has cut 3 500 jobs, is emba...

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Japanese fast-fashion retailer Miniso enters SA’s crowded market

Miniso has opened two stores in SA in the past month and plans to open three more by September. Japanese fast-fashion retailer Miniso has entered the local market, adding a fresh challenge in the competitive sector.

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SA retailers suffer amid drop in consumer confidence

South African retailers across the board continue to experience a tough local trading environment, affected by both a low growth macroeconomic environment and low consumer confidence.

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Retail’s not dead, and physical stores still matter, Goldman says

While some people love to chatter about a looming “retail apocalypse,” Goldman Sachs says not so fast. On Thursday, the firm offered up a number of reasons why physical retail can and will live on. Store-based retailers must approach the curre...

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