Financials & Economy
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SA packaging manufacturer Mpact registers 13% rise in revenue on back of increased sales volume
SOUTH AFRICA – Mpact, one of the largest paper and plastics packaging business and recycler in southern Africa, delivered a pleasing performance in 2021, successfully…
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Massmart reports marginal decline in total sales by 1.9% to US$5.4 billion
SOUTH AFRICA – Consumer goods distributor Massmart has reported a 1.9% decrease in total group sales for the 52 weeks ended December 26 2021 to…
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South African snacks maker AVI delivers 2.3% growth in interim earning
SOUTH AFRICA – South African food producer and retailer AVI reported a 6.9% climb in half-year profit for the six months ended December 31, 2021.…
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Shoprite attains 10% growth in half year sales supported by home market
SOUTH AFRICA – South African retailer Shoprite has generated an additional R8.3 billion (US$540m) in sales versus the corresponding period to increase sales by 10.0%…
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Dangote Sugar’s full year profit gets nipped by high production costs
NIGERIA – Dangote Sugar registered a 26% decline in full year profit to N22.05 billion (US$53.09m) in the period ended December 2021. This was despite…