SOUTH AFRICA – Famous Brands has bought 51% of Lupa Osteria, a chain of three Italian restaurants in KwaZulu-Natal, for an undisclosed amount.
ZAMBIA – The National Bio-safety Authority (NBA) has granted Shoprite permission to start importing foodstuff that may contain genetically modified organisms (GMOs).
ZIMBABWE – Zimbabwe Stock Exchange-listed diversified group Innscor Africa (Innscor)’s retail and distribution unit, Axia Corporation Limited (Axia), is expected to start trading on the local bourse next month.
NIGERIA – As part of efforts to create job opportunities in Nigeria, SPAR Nigeria has said it is set to establish 10 more outlets in the next five years.
SOUTH AFRICA – Empowerment group Grand Parade Investments (GPI) is pursuing its expansion of its Burger King franchise with a little less relish, as competition intensifies and cost pressures in the domestic fast-food segment increase.
BOTSWANA – Retail giant, Choppies supermarket, ended the year 2015 on a high note after its revenue went up by 17 percent to P 3.5 billion for the half-year to December 2015.
SOUTH AFRICA – BRIAN Joffe, who founded Bidvest Group almost 30 years ago, plans to step down as CEO after the food-services unit is spun off and shares sold on the JSE.
SOUTH AFRICA – Massmart said on Thursday it remained concerned about the deteriorating South African economy and expected its business to remain under pressure during the year ahead.
SOUTH AFRICA – Whitey Basson, CEO of Africa’s largest grocer, Shoprite, on Tuesday took aim at the government for what he said was its neglect of the basics, such as job creation, crime and education.
KENYA – Coffee chain Java has won a protracted court case against Ugandan firm Mandela Auto Spares for the use of its trade name in the neighbouring country.