Retail Trade News Updates

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Nigerian govt, major manufacturers agree on cement price

Major cement manufacturers in Nigeria, Dangote , BUA and Lafarge have agreed that the price of a bag of cement will not exceed between N7,000 and N8,000. The resolution was reached following a meeting between the Minister of Works, David Um
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20 Feb 2024

Cement: FG, Manufacturers Agree to Peg Price at N7,000 - N8,000

Cement: FG, Manufacturers Agree to Peg Price at N7,000 - N8,000 The Federal Government and Cement Manufacturers have agreed on a N7,000 to N8,000 per 50 kg bag of cement to halt the astronomical rise in the price of the product.
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20 Feb 2024

Asian markets rally after Wall Street highs

Asian markets rose Friday, supported by Wall Street and eurozone records, as traders shrugged off weak US retail sales and recession in Britain and Japan.US and European stocks rallied Thursday, with the broad-based S&P 500 up 0.6% to finis
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16 Feb 2024

Retail sales cool in 2023 with consumers still facing constrained spending ahead

Consumers in South Africa are expected to continue struggling this year under the brunt of stubbornly high inflation, rising cost of borrowing and weak consumer confidence after retail activity plunged in 2023, in spite of sales outperforming expe
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15 Feb 2024

BUNKER BUNGLING: Algoa Bay bunkering delay drags on

The South African Maritime Safety Authority (Samsa) has confirmed the lifting of a moratorium on issuing permissions in Algoa Bay for offshore refuelling operations. The association said that following a Samsa Board decision in line with it
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14 Feb 2024

No, you dont have to pay extra or buy more to to swipe your card, says experts

Did you know that you dont actually have to spend more than R50 to swipe your card? You also dont have to pay an additional cost on a priced item just because you want to pay via your debit card. In fact, merchants who make you do this a
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14 Feb 2024

Once pioneering Body Shop UK collapses into administration

The British business of the Body Shop has collapsed into administration, putting 2000 jobs at risk at the one-time pioneering ethical cosmetics retailer.Founded in Brighton, southern England, in 1976 by late environmentalist and human right
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14 Feb 2024

Jobs are safe: The Body Shop in SA is not affected by collapse in the UK

Clicks Group said on Wednesday that The Body Shop in South Africa would not be affected by issues affecting the UK operations of The Body Shop.The South African business would continue to operate as normal, Clocks Group said in response to
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14 Feb 2024

Build-A-Bear, maker of Warren Buffett's Squishmallows face off in court

Warren Buffett is taking on Build-A-Bear.Jazwares, the Berkshire Hathaway-owned maker of the popular Squishmallows plush toys, sued Build-A-Bear Workshop on Monday, calling its new Skoosherz plush toy line knockoffs that infringed its intel
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13 Feb 2024

Ongoing energy crisis in SA poses the heaviest drag on economic growth - Allianz Trade

Allianz Trade, a global leader in trade credit and political risk, has warned that the ongoing energy crisis in South Africa poses the heaviest drag on economic growth as it affects business activity, and added that the crippling rotational power
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13 Feb 2024