SOUTH AFRICA – Famous Brands has bought 100% of GBK Restaurants in the UK and Ireland for £120m subject to approvals.
SOUTH AFRICA – The 20th Congress of the SA Council of Shopping Centres (SACSC) will take place at the Sandton Convention Centre from September 7 to 9 2016.
SOUTH AFRICA – Africa’s largest retailer Shoprite Holdings reported a 17% jump in full-year profit on Tuesday, shrugging off competition in South Africa and buoyed by strong sales in Angola.
SOUTH AFRICA – Shoprite Holdings could be expanding abroad, according to CEO Whitey Basson, but he would not be drawn into the nitty-gritty.
KENYA – Centum’s Two Rivers mall is expected to open its doors next month following two previous postponement brought about by an expansion of the original retail space.
NIGERIA – Novare Real Estate Africa, a firm of real estate development that specialises in building state of the art commercial properties such as malls, and owners of Novare Lekki Mall, has concluded plans to commission the largest mall in Lagos which cost is put at whopping N31.5 billion this Thursday.
KENYA – A Cabinet meeting at State House on Thursday approved Sh1.8billion bailout for Uchumi Supermarkets.
SOUTH AFRICA – Newly listed fast foods franchisor Gold Brands Investments, which owns the Chesanyama brand, has acquired affordable eatery concept Mama Chaka’s — heralding an unexpected return to the JSE of food sector entrepreneur Dennis Finch.
KENYA – Uchumi Supermarket’s newly appointed operations consultant says his key focus will be on restoring the retailer’s image.
SOUTH AFRICA – Gold Brands Investments, the restaurant franchisor that listed in February, reported R235.5m revenue and R9m aftertax profit for the year to end-February.