(Business Day – South Africa) - AS IF more evidence was needed of Nigeria’s attraction as a major consumer market, the opening of the new Shoprite store in the capital, Abuja, a fortnight ago was an unprecedented success. Shoppers told me amid the crush that the prices were much lower than the local markets and they relished the choice of goods.
The world is coming to Africa – SAITEX, to be specific. In the middle of July, the Southern African International Trade Exhibition will host over 800 international exhibitors from 40 countries with only one goal – to do business. Africa’s biggest business opportunities expo takes place over three days at Gallagher Convention Centre in Midrand from 15 to 17 July.
(Reuters)- South Africa prides itself as a first world country in a third world continent, trading mostly overseas, but is starting to train its sights on its poor but fast-growing African cousins as turmoil in Europe slashes exports to its traditional markets.
Residents of the Federal Capital Territory (FCT), on Thursday, excitedly trooped to Shoprite, the leading supermarket in Africa, which commenced operations in the capital city. Some of the customers who spoke with Daily Times said the establishment of the supermarket was a welcome development that would bring about competition amongst super stores in the city.
Reuters - South Africa is looking to source oil from Angola, Nigeria and Saudi Arabia to replace supplies from Iran, which is facing sanctions over its nuclear programme. Africa's biggest economy used to import a quarter of its crude from Iran, but has come under Western pressure to cut the shipments as part of sanctions designed to halt Tehran's suspected pursuit of nuclear weapons.