GPI plans to offload majority stake in Burger King in move to become an investment company

SOUTH AFRICA – Grand Parade Investments (GPI), the master franchise holder for Burger King in SA, is in talks with an unnamed buyer to offload a majority stake in the local operations of the US […]

Choppies exits South Africa with sale of stores to King Investments

SOUTH AFRICA – Choppies Group has offloaded its South Africa stores and distribution centres to King Investments following the launch of open bids for its 88 stores in October to settle its outstanding debt. In […]

Silvertree invests South African new virtual kitchen business Darth Kitchens

SOUTH AFRICA – Cape Town-based investor Silvertree Holdings has invested R5 million (US$0.34 million) in return for a majority stake in former OrderIn co-founder Heini Booysen’s new Darth kitchens business. Also known as a “ghost […]

Aqua Air launches Africa’s first atmospheric water generating plant

SOUTH AFRICA – South Africa based water technology company, Aqua Air has launched Africa’s first atmospheric water generating plant in Pretoria aimed at tackling the critical scarcity of potable water in South Africa. The plant, […]

South African packaging company Nampak reports full year loss impacted by foreign operations

SOUTH AFRICA – Africa’s largest packaging manufacturer, Nampak, reported a loss of R390m down 132% compared to last year’s profit of R1.2bn (US$81.3m), according to its annual financial results for the year ended September 30, […]

Norway’s TCapital acquires SA meal kit delivery startup company Daily Dish

SOUTH AFRICA – TCapital, a Norwegian private equity group has announced it has acquired Daily Dish, a meal kit delivery startup based in Cape Town, South Africa to merge with TCapital’s healthy dinner delivery, Day […]

South African retailer Checkers launches online grocery delivery platform

SOUTH AFRICA – Checkers, a consumer goods retailer owned by Shoprite, has launched its on-demand one-hour grocery delivery service app, Sixty60, after months of testing. Billed as SA’s first 60-minute grocery delivery service from a […]

Kauai extends its healthy food brand into retail partnering with Pick n Pay

SOUTH AFRICA – Kauai, a health food restaurant, has extended its brand into retail with the launch of range of healthy frozen ready-to-eat meals, sides and smoothies in partnership with Pick n Pay. The Pick […]

Competition Commission of SA orders retail chains to cease enforcing exclusivity clauses in mall leasing

SOUTH AFRICA – The Competition Commission of South Africa has recommended South African shopping centres to cease their exclusive leases with the country’s biggest supermarket chains. The move is in accordance to findings of a […]