The winners of the 11th edition of The Radio Awards were announced on today, Friday 30 July 2021, in an online awards ceremony hosted by comedian Loyiso Madinga. A total of 80 winners were celebrated across 30 categories.
The 13th annual IAB Bookmark Awards took place today in a prestigious virtual celebration. Hosted by the multi skilled Selae Thobakgake and Merica Monamodi; the most thrilling and innovative digital marketing campaigns of the past year were announced.
Construction on The Capital Mbombela's R205m project, set to be a game-changer on the city's hotel and accommodation industries, is well underway with an anticipated hotel opening set for November 2021.
"The city hasn't seen any significant new additions to its hotel repertoire since development ahead of the 2010 FIFA World Cup projects," says Marc Wachsberger, managing director of The Capital Hotels and Apartments.
"Its status as a leading city in Mpumalanga, at the heart of the province's tourism and agriculture sectors, means that the time is perfect to build an exciting new offering that will be appealing to tourists and corporates alike."
According to a new NielsenIQ report, South Africa's latest liquor ban equated to a loss of R7,6bn during the four weeks it lasted (based on average sales - 13 weeks to end of May 2021 of R1,9bn per week).
Shoprite Holdings is steamrolling ahead with its African expansion - the retailer has 136 stores in the pipeline as it eyes fast growing oil-rich markets like Nigeria and Angola.
"It's the highest number of stores that we've got under option or have been working on in Africa since I've been with the company‚" chief executive Whitey Basson said on Tuesday (19 February).
The company will open 13 new stores before June and a further 24 more are confirmed for the following 12 months.
"We'll be putting a warehouse up in Nigeria in the not too distant future‚" Basson added.
Companies are beefing up their presence on the continent in the hopes of cashing in on a burgeoning middle class‚ whose disposable income and demand for goods is rising rapidly.
Under-developed retail markets and regulation and bureaucracy hurdles‚ have not deterred SA's retailers‚ who have been among the quickest to snap up northern opportunities‚ in an aim to drive sales and profitability growth.
Shoprite has earned its stripes as continental kingpin. Part of its success may be because the group started its expansion drive in 1995. Its non-South African supermarket operation now spans 16 countries in Africa‚ with 144 stores.
Rival Pick n Pay has 94 stores outside SA.
Chris Gilmour‚ an analyst at Absa Investments said growth in countries like Nigeria and Angola was "quite phenomenal" and in "a different league" to SA.
"Shoprite has paid its school fees - they understand the difficulties logistically when retailing in the rest of Africa. Trading margins are moving up‚ admittedly not by much, but between 5.3% and 5.4%‚ but that's still way ahead of anything the competitors can do. If you compare this with Massmart, there is no contest‚" Gilmour said.
According to Basson‚ a city like Lagos has the potential for 198 formal supermarkets - Shoprite currently has only three outlets in the the whole of Nigeria.
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