Woolworths set to acquire Australia's David Jones

Woolworths set to acquire Australia’s David Jones

South African retailer Woolworths is set to buy Australian department store chain David Jones for R21.4-billion (A$2.1-billion), in a deal that will create a leading southern hemisphere retailer with 1 151 stores across 16 countries.
'Huge potential' for BRICS science collaboration

‘Huge potential’ for BRICS science collaboration

Biotechnology, space science and renewable energy offer "real opportunities for extensive cooperation" between the BRICS countries, Science and Technology Minister Derek Hanekom said at the first BRICS Science, Technology and Innovation Ministerial Meeting outside Cape Town on Monday.
Famous Brands steps up in Nigeria

Famous Brands steps up in Nigeria

South African food service group Famous Brands has acquired a 49% stake in Nigerian company UAC Restaurants, whose flagship Mr Bigg's brand is Africa's largest food franchise outside of South Africa.
Imperial in €270m German acquisition

Imperial SA in Asian joint venture

South Africa's Imperial Logistics has entered into a joint venture with international advisory and procurement firm The Beijing Axis to improve its international supply chain management in Asia, as well as provide support to its clients expanding into Asia.
Discovery in Chinese acquisition

Discovery launches Singapore venture

South African health insurer Discovery has launched a joint venture with pan-Asian life insurer AIA Group to introduce a wellness programme in Singapore, marking the company's entry into the Asia-Pacific region.
Health tips for travellers

Aspen in Dutch pharmaceutical deal

South Africa's Aspen Group has signed a R10-billion deal with Dutch pharmaceutical firm MSD to acquire an active pharmaceutical ingredient manufacturing business in the Netherlands as part of the company's plan to grow its global footprint.
SA's Famous Brands in UK expansion

SA’s Famous Brands in UK expansion

South African food service group Famous Brands is expanding into the United Kingdom with the opening of its first branch of burger franchise Steers in London in July. India, and the rest of Africa, are also high on the group's international target list.
Sanlam buys stake in Malaysian firm

Sanlam buys stake in Malaysian firm

South African financial services provider Sanlam has acquired a 49% stake in Malaysian short-term insurer Pacific & Orient Insurance Co. Berhard worth about R814-million in line with the company's growth strategy in emerging markets.
Africa 'will benefit from SA in BRICS'

South Africa attracts BRICS investors

South Africa is attracting new attention from Chinese, Indian and Russian investors - including a planned visit by Chinese buyers who aim to spend R5-billion in the country later this year, says Department of Trade and Industry director-general Lionel October.
SA to supply security vehicles to Brazil

SA to supply security vehicles to Brazil

South Africa's largest privately owned defence and aerospace firm, Paramount Group, has won an international bid to supply security vehicles to Brazil, which is preparing to host the 2014 Fifa World Cup and 2016 Olympic Games.


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