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SOUTH AFRICA FRANCHISE NEWS ARCHIVE

 
: : 1999/2000

Truworths sees hard year ahead. Clothing retailer Truworths International said it was on track to increase earnings in the current financial year, but warned of tough trading conditions in the retail industry and said Christmas sales would be muted. .... 24 Nov, 2000
S. Africa Theft Suspect Assaulted.
A 14-year-old girl suspected of shoplifting underwear was painted white by a security guard, police said Wednesday. .... 30 Aug, 2000
Educor seeks audit to end franchise tiff.
Educor had appointed Eric Parker, a franchising partner at the Deloitte auditing firm, to head a committee to conduct a franchise audit and settle a dispute between the education and staffing group and some of its Academy of Learning franchisees, Clive Tasker, Educor's managing director, said yesterday. .... 20 Jul, 2000
Disgruntled Foodies owners tackle Metcash.
Johannesburg - Two franchise outlets in the huge Metcash stable closed their doors on Friday after prolonged efforts to resolve ongoing disputes bet-ween Metcash and the franchise holders failed to satisfy the parties involved. .... 2 Jul, 2000
Dynamo chains in provisional liquidation.The Scotts, Levisons, Deans, Bally Spitz, and Kids First chains and the Escada, Max Mara and Hemingways boutiques followed sister clothing retailers John Orr's and Perl Modes into provisional liquidation on Wednesday morning. .... 27 Apr, 2000
Metcash to take cue from market.
The intention of Metro Cash & Carry (Metcash), the retail group, to raise R692 million through a rights offer depended on market sentiment. .... 13 Mar, 2000
e-Business beckons Midas.
Midas, the automotive replacement parts group, which is part of Dorbyl, had established a commercial vehicle division and was moving into ebusiness, Gordon Odgers, Midas' chief executive, said yesterday. .... 10 Mar, 2000
Tile Afrika's margins take a slip during rapid expansion.
Sam Rego, the managing director of Tile Afrika, the ceramic tile retail chain, said yesterday the group had a slight decrease in its margins to 8,7 percent because of the opening of 17 new stores and seven franchised outlets during the six months to December 31. .... 2 Mar, 2000
R15m fund launched for franchise sector. Business Partners, which invests in small and medium enterprises, last week launched a R15 million private equity fund exclusively dedicated to financing and business issues in the franchise sector. .... 21 Feb, 2000
Shoprite strikes Egyptian deal. The Shoprite Group of companies' MD Whitey Basson on Thursday announced that the company had entered into a joint venture with the Egyptian-Kuwaiti Holding Company, which will open up investment opportunities for the supermarket group in Egypt and the Middle East. .... 10 Feb, 2000
No fluff when bedding down with Renaissance Retail. Vestacor is frequently an initiator of deals. Because of its broad range of contacts in the industry, it is able to piece together deals which elude many others. .... 2 Feb, 2000
Steers Holdings hires rival to boost brand. Steers Holdings, the fast food franchise group, had poached Kevin Hedderwick, the divisional director of competitor King Consolidated's (Kingco) pubs division, to head its flagship brand. .... 31 Jan, 2000
R1 sell-off makes Don first black hotel chain. The Don Group, the troubled suite hotel chain, had been snapped up by Thabiso Tlelai, a Bloemfontein entrepreneur and hotelier, for a nominal R1, the parties said on Friday. .... 23 Jan, 2000
Retail sector praised for beating economic odds. The South African retail sector is advanced by world standards and has shown resilience in the face of low economic growth, high interest rates, eroding per capita income, and a crime rate which has influenced the demise of city centre retailing. .... 21 Jan, 2000
Pocot Trust takes bigger stake in Kingco's fast food business. Durban - Kingco, which franchises restaurants, pubs and fast food outlets, said yesterday it would transfer 10 percent of its issued share capital to the Pocot Trust for R2,3 million, or 20c a share, for future expansion plans. .... 19 Jan, 2000
Bidvest merger gets green light. The proposed merger between Bidvest, the investment holding company, and Island View Storage, the bulk storage company, had been approved without conditions, the Competition Tribunal said at the weekend. .... 17 Jan, 2000

December's cheer fails to lift hangover of 1999. Retailers warned yesterday that despite spirited festive trade the hangover from 1999's exceptionally tough sales climate would continue. .... 12 Jan, 2000
Retail stocks down despite festive boom. Retail stocks closed lower on the JSE on Tuesday, losing 142 points to 10 313, despite reports by many retail chains of increased sales during the 1999 Christmas period. .... 4 Jan, 2000
Cinderella sector finally gets an invitation to the business party. The South African small, medium and micro enterprise (SMME) sector has caused a lot of waves during the past year. .... 23 Dec, 1999
Modex eyes massive African market. A rollout of 100 franchise outlets in South Africa in the next two years with acquisitions and expansions into Africa are among the plans for Modex Cosmetics, the leading manufacturer of ethnic hair and beauty products in KwaZulu-Natal. .... 18 Dec, 1999
Shoprite puts clamp on theft and fraud. Shoprite Holdings, the R17,4 billion a year supermarket group, was clamping down on theft which in August culminated in a shock R100 million loss and led to its first drop in profit since 1982, Whitey Basson, the managing director, said yesterday. .... 16 Dec, 1999
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