Botswana has promised to roll out the red carpet for investors, urging them not to be discouraged by its small population from doing business in the country because decent returns are part of the package.
Speaking at the official opening of the 14th Global Expo Botswana in the capital city Gaborone this week, President Mokgweetsi Masisi said his country was making conditions conducive for investors.
“The World Bank’s Doing Business Report of this year has placed Botswana at number five in the Ease of Doing Business rankings in sub-Saharan Africa. We continue to review… read more
The African Development Bank (AfDB) has provided a $4.8m grant to support the African Union’s (AU’s) efforts to roll out the continental free-trade area.
The grant forms part of a series of interventions by the development bank to accelerate implementation of the free-trade agreement. The trade agreement is seen as a major force for integrating the 55-nation continent and transforming its economy.
Intra-African trade remains low compared with other major regions such as the EU and Asia.
In 2018, SA joined various other countries on the continent in signing… read more
Multinational snack foods and beverage giant PepsiCo has entered into an agreement to acquire South Africa’s Pioneer Foods Group for approximately $1.7 billion (R23.5 billion). The New York-based food giant – owner of brands like Pepsi, Lay’s and Doritos – will acquire all outstanding shares of Pioneer Food Group for R110 per share. The transaction is one of PepsiCo’s largest acquisitions outside of the United States.
“Pioneer Foods has a robust, locally relevant product portfolio that complements PepsiCo’s current lineup,… read more
Brand valuation and research group Brand Finance has published its latest annual review of the strongest and most valuable brands in South Africa – with mobile operators again emerging as the top dogs.
As defined by the report, brand value is equal to a net economic benefit that a brand owner would achieve by licensing the brand. Brand strength is used to determine what proportion of a business’ revenue is contributed by the brand.
In calculating this value, Brand Finance uses the royalty relief approach, which it says “involves estimating the likely future revenues that… read more
Ackermans has been in the value-retail space since its inception in 1916 and it’s this focus on delivering value to its customers that Mamabolo believes has been the cornerstone of the brand’s success and growth. “Being a value retailer in South Africa, especially in the early days, was not seen as anything great. In the olden days, fashion was [the] key driver but there was that niche that we found as a brand on the value side and we have really managed to cover ourselves as the best value retailer in the industry,” he says.
There are nearly 800 stores in six southern African… read more
Many entrepreneurs consider going into franchising as a guaranteed route to attaining business success.
“Despite the sector having a higher success rate compared to its counterparts, franchising has its pros and cons and will not necessarily be suitable for every entrepreneur. Entrepreneurs who are considering or have decided pursuing franchising as a business opportunity should perform due diligence to avoid making costly mistakes,” says Morne Cronje, Head of Franchising at FNB Business.
He shares key factors that entrepreneurs should consider to determine if franchising… read more
With economic conditions remaining challenging, the short-term outlook for the South African retail sector doesn’t look promising. Data from FNB/BER indicates that consumer confidence declined in the first quarter of 2019 in comparison to data from the last quarter of 2018. However, the long-term outlook appears positive with high levels of construction as well as the increase in willingness from retailers to anchor new developments.
Despite concerns of over-supply in certain locations, the retail market has shown steady growth with the number of shopping centres increasing… read more
THE FORBES AFRICA 30 UNDER 30 LIST IS THE most-anticipated list of game-changers on the continent and this year, we bring you 120 of Africa’s brightest achievers under the age of 30 and for the first time, four categories featuring 30 in each: Business, Technology, Creatives and Sport.
From elevator manufacturing, solar energy design, to under-30s conquering the Alps and selling out the Apollo Theatre, this year’s list demonstrates how enterprising and extraordinary the African youth is.
This list celebrates these pioneers who are building brands, creating jobs, and… read more
Nigeria will sign a continental free-trade deal at an extraordinary summit of the African Union this weekend, bringing the duty-free movement of goods in the region a step closer.
The economy of Africa’s most-populous nation vies with South Africa to be the continent’s biggest and signing up clears a hurdle in the implementation of the African Continental Free-Trade Agreement. President Muhammadu Buhari last week received a report urging him to sign the deal from a committee set up to consider whether the country should join.
Nigeria… read more
A Nigerian-Ghanaian artist is redefining the furniture industry in Nigeria.
Experimental artist, Diseye Tantua is creating unconventional furniture using car parts from the ’90s.
A bed made from a Mercedez Benz 200 series among other projects can be found in his art studio in Port Harcout.
The 44-year-old, hopes his pieces will help preserve the history and memories that he believes are found in the pre-loved vehicles.
“Someone had created a table, an office desk with it, so I felt it will be a good idea using a flat boot with it because it has a flat back to… read more