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08 November 2019
Hello Voornaam,

The next couple of months are crunch time for retailers and other consumer-facing groups as they battle a tough trading environment, here and abroad. Yesterday, The Foschini Group (TFG) and AVI Limited said their performances this year would be determined to some extent by festive season sales. TFG is also looking to Black Friday and Cyber Monday, the traditional start to the shopping season in the US that many of our retailers have also now adopted.

Meanwhile, Truworths has reported a small increase in sales as its financial year gets underway, with growth in its home market making up for flat sales at Office in the UK. And Dis-Chem's shares rose on the back of its half-year results, recovering all their losses and more after investors reacted negatively to last Friday's trading update.

More on all those stories in your final newsletter of the week, along with a bleak update from cement producer PPC and all the latest from DealMakers.

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I hope you have a good weekend.

Stephen Gunnion

Managing Editor, InceConnect


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Todays Latest Headlines
The Foschini Group takes cautious approach
Ahead of the peak season for retailers, the group says trading conditions have continued to tighten in its biggest market.
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Truworths says trading remains tough
The retail group has grown sales by 2 percent in the first four months of its financial year and expects conditions to remain challenging.
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Strike weighs on Dis-Chem's earnings
The discount pharmacy group has reported a decline in first-half earnings despite higher revenue as it rolled out more stores.
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DealMakers South Africa M&A Analysis Q1-Q3 2019
Round up of South African M&A activity for the period Q1-Q3 2019 plus the M&A and GCF league tables
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DealMakers AFRICA M&A Analysis Q1-Q3 2019 (excluding South Africa)
DealMakers AFRICA Q1-Q3 roundup of M&A activity on the Continent
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Disposal to boost AVI earnings
The group reported a small increase in first-quarter sales and says earnings will be boosted by the disposal of its Australian joint venture.
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