Micro marketing: Retail’s new fad

How loyalty programmes are being used to design discounts just for you. PnP check-out assistants establish whether a customer has a card to swipe by enquiring ‘Smart Shopper?’ … a reply of ‘No, not a smart shopper’ means the hapless customers is conveying a not-so-subliminal message to themselves in their own voice! Image: Moneyweb   Don’t be startled if you start receiving surprisingly well targeted ‘special promotions’ via text message from your favourite retail chain. Say, for instance, you are fond of a specific brand of coffee, but instead of…

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Government master plan to make producers more competitive

JOHANNESBURG – South Africa’s embattled poultry industry, which has buckled under the weight of cheap foreign imports, is set to receive a boost from a government-led master plan aimed at making local producers more competitive.The Department of Trade and Industry (dti) said yesterday that the poultry industry and the government had begun work together to open up new export markets for South African poultry. Trade and Industry Minister Ebrahim Patel said his department and that of Agriculture, Land Reform and Rural Development had met with industry players to thrash out…

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A popular SA gin has just been bought by the French giant that owns Absolut, Chivas, and Jameson

    French liquor giant Pernod Ricard, the manufacturer of popular liquor brands such as Absolut Vodka, Chivas, and Jameson, has acquired a majority stake in South African distillery Inverroche. Inverroche, founded in 2011, is based in the rural community of Still Bay in the Western Cape, where it pioneered the use of indigenous fynbos in gin production. Founder Lorna Scott will maintain a shareholding in the business, and continue as CEO. She said the deal is a vote of confidence in South Africa’s economic prospects. “[Pernod Ricard’s] vast distribution network will…

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SA resumes beef exports to China after foot and mouth outbreak

South Africa has resumed beef exports to China after an outbreak of the highly contagious foot and mouth disease (FMD) in January halted trade, officials said on Tuesday. The ban on exports of products from cloven hoofed animals to China was officially lifted on July 23, Chinese ambassador Lin Songtian said during a briefing. The viral disease, which causes lesions and lameness in cattle and sheep, was detected in a northern district of Limpopo province, resulting in the World Organisation for Animal Health (OIE) temporarily suspending South Africa‘s FMD-free status. “We went to the…

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Consumer Watch: Chicken importers fight tariff hikes with facts

Domestic chicken producers and importers are sparring over tariff increases, which could see hikes of up to 82% on duties. Ultimately, those cost increases will filter down to the consumer. Now the Association of Meat Importers and Exporters (Amie) has released the findings of a comprehensive study it commissioned into the local industry, which shines new light on the impact of trade protection, domestic production and the critical role of these chicken imports. The research, commissioned from FTI Consulting, an international business advisory, indicates that implementing tariff increases on chicken…

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Kenya to use blockchain to boost food security

  NAIROBI – Kenya plans to use block chain technology to boost food security, a senior government official said on Thursday. Joe Mucheru, cabinet secretary in the ministry of Information Communication and Technology (ICT), told journalists in Nairobi that technology such as artificial intelligence can be used to track agricultural produce from end-to-end from seeds to marketplace.  “We will also be introducing a citizen service to track the origin of food products and report unsafe food products,” Mucheru said when he received a report from the distributed ledgers technology and…

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SA meat importers say chicken imports tariffs catastrophic for economy

JOHANNESBURG – South African meat importers warned on Thursday a hasty decision to implement tariff increases on chicken imported from non-EU and SADC countries could see shortages of poultry in local markets which domestic producers may not be able to meet. An independent study commissioned by the Association of Meat Importers and Exporters (AMIE) into the South African chicken industry found that despite already high levels of trade protection, domestic producers have not increased production to meet growing demand. AMIE said the research by global multi-disciplinary business advisory group, FTI…

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AB InBev sale of Carlton in Oz lifts its share price to R1311

  DURBAN – Anheuser-Busch InBev (AB InBev) ended the week on a front foot with news that it has reached an agreement to sell its Australian subsidiary Carlton & United Breweries (CUB) to Japan’s Asahi Group Holdings for A$16 billion (R156.52bn), lifted its share price to a one-week high and erased the disappointment of a failed initial public offering (IPO) last week.The world’s largest brewer’s share price cheered the latest developments and gained more than 6percent on the JSE to R1311 a share, up from Thursday’s closing price of R1234.63.…

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SAB close to acquiring Smirnoff drinks range

JOHANNESBURG – South African Breweries (SAB) is a step closer to acquiring the Smirnoff ready-to-drink (RTD) range of products, mostly ciders and mixes, after the Competition Commission yesterday announced the approval of the acquisition from Diageo South Africa. The commission has recommended to the Competition Tribunal that SAB is granted the right to acquire Smirnoff RTD products, including all RTDs related to the Smirnoff brand (including Smirnoff Storm, Guarana, Spin, Pine Twist and Berry Twist), (Smirnoff Brands) and, for the avoidance of doubt, excluding the Smirnoff Vodka brand. This also…

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Pioneer Foods receives acquisition offer from PepsiCo subsidiary

JOHANNESBURG – A wholly-owned subsidiary of US multinational food, snack and beverage corporation PepsiCo has given notice of its firm intention to make an offer to acquire the issued ordinary shares of South African packaged goods company Pioneer Foods, the two said on Friday. In a joint statement, the companies said the transaction was one of PepsiCo’s largest acquisitions outside the United States and a demonstration of its belief in South Africa’s potential and of its long-term commitment to the country. The PepsiCo offer will be made at a base…

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