Retail Sale News Updates

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Hammerson lifts interim dividend 5% as it continues to optimise its portfolio of city centre shopping malls

Hammerson, the UK-based owner of city centre destinations with a secondary listing on the JSE, yesterday declared a 5% higher interim dividend of 0.756 pence per share on a payout ratio of 76%, following a strong year operationally and further mo
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26 Jul 2024

More than 600,000 copies of 'Hillbilly Elegy' have sold since JD Vance's selection as veep candidate

Former President Donald Trump's selection of JD Vance as his running mate has led to a surge in sales for "Hillbilly Elegy," his best-selling memoir that came out in 2016. A spokesperson for HarperCollins told The Associated Press that m
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25 Jul 2024

Iran seizes product tanker

The Islamic Revolutionary Guard Corps (IRGC) has seized a product tanker in the Persian Gulf and arrested the crew. This is according to UK security agency Ambrey which reported that officers of the IRGC a primary branch of the Iranian Arme
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25 Jul 2024

South African exec Mark Blair drives 4.7-percent increase in Mr Price's share price

Under the leadership of South African business executive Mark Blair, retail group Mr Price has reported a rise in its market performance, marked by a 4.7-percent increase in its shares. This uplift reflects a successful period for the gr
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25 Jul 2024

Hammerson sells its Value Retail European portfolio for £600m to L Catterton

Hammerson, owner of upmarket UK city retail destinations with a secondary JSE listing, plans to sell its Value Retail division to Silver Bidco, a new company established by affiliates of L Catterton for 600 million (R14.1 billion) cash.
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23 Jul 2024

Egyptian banker Karim Awad's EFG Hermes advises 'Budget Saudi' on $121 million acquisition

EFG Hermes Holding, a leading financial services group in the MENA region led by Egyptian banker Karim Awad, successfully advised United International Transportation Company (Budget Saudi) on its acquisition of Al-Jazira Equipment (AutoWorld) for
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23 Jul 2024

Mr Price sales surge in June as GNU drives up consumer optimism

Mr Prices sales indicate that positive consumer sentiment was created by the formation of the Government of National Unity (GNU) last month, and this also translated into higher balances at retail store tills. The budget clothing and hom
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23 Jul 2024

Oracles Independent Software Vendor (ISV) Partner

Infobip , a global cloud communications platform and a member of the Oracle PartnerNetwork (OPN), has strengthened its collaboration with Oracle by becoming an Independent Software Vendor (ISV) with access to Oracle Integration Cloud. No
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22 Jul 2024

All-electric VW ID.4 SUV finally arrives in South Africa, but

The VW ID.4 has finally found its way to South Africa, but the first customers is not expected to take delivery of the all-electric SUV until 2026. Volkswagen South Africas directive for the first local fleet of ID.4s, which is the EV eq
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20 Jul 2024

Consumers urged to check food expiry dates amid escalating cases

The Consumer Goods and Services Ombud (CGSO) is urging consumers to check expiry dates on food products before making a purchase. This comes after the Consumer Goods and Services Ombud received high volumes of complaints from angry consu
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20 Jul 2024