By Reuters Staff
2 Min Read
JOHANNESBURG (Reuters) - South Africa’s Imperial Logistics Limited said on Tuesday it will explore an exit plan for its international logistics business as part of its strategy to focus on Africa.
The Johannesburg-based freight company is in the middle of a restructuring that includes exiting unprofitable contracts and non-core businesses and consolidating operations and properties as part of its plan to drive profits.
“We have concluded that Logistics International is non-core to our ‘Gateway to Africa’ strategy and we will explore an appropriate exit plan for this business,” Chief Executive Officer Mohammed Akoojee said.
UPDATE 2-S African retail group Truworths bets on new growth initiatives as profit falls reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
South African grocery retailer SPAR Group said on Tuesday group sales rose by 9.8% in the 18 weeks ended Jan. 29 but the country's ban on alcohol hit liquor sales, sending its shares down more than 5%.
By Reuters Staff
2 Min Read
JOHANNESBURG (Reuters) - Coca-Cola Beverages South Africa (CCBSA) will increase the stake held by employees and black empowerment investors in the company to 20%, it said on Friday, in a bid to meet merger conditions laid out by competition authorities.
Bottles of Coca-Cola are displayed at a supermarket.
REUTERS/Arnd Wiegmann
In 2014, the Coca-Cola Company and SABMiller Plc reached an agreement with the majority shareholder of a company which bottled Coca-Cola’s products to combine the bottling operations of their non-alcoholic beverages businesses in Southern and East Africa, which led to the creation of CCBSA’s parent company.
S.Africa to issue COVID-19 vaccine storage, distribution tender Reuters 1/28/2021
By Nqobile Dludla
JOHANNESBURG, Jan 28 (Reuters) - South Africa s health ministry will issue a tender to store and distribute COVID-19 vaccines on Feb. 5, it said on Thursday, in an effort to speed up a vaccine rollout that opposition leaders and scientists have said is too slow.
The qualifying bidders will be involved in phase two and phase three of the country s vaccine programme, Director General Sandile Buthelezi told Reuters.
Health experts, scientists and political rivals have accused the government of taking too long to procure and plan the distribution of vaccines against the new coronavirus - a charge it rejects.