PnP online service now reaches 22 cities from +130 locations Following the announcement in October that Pick n Pay would acquire Bottles – the on-demand delivery app – the company has officially come on board as the on-demand service of Pick n Pay Online. This allows customers to get their online grocery and liquor order delivered within as little as 60 minutes. This offering adds to the retailer’s two other successful services – an online scheduled delivery service, and Click n Collect. Customers can now shop over 30,000 products via Pick n Pay’s online shop and over 8,000
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Monthly Archives Dec 2020
Distell collaborates with key partners to promote compliance during pandemic
Alcohol industry rolls out a number of initiatives to promote safety as pandemic heightens As South Africa fights the second wave of Covid-19, alcoholic drinks producer Distell is investing R1.6-million towards supporting more than 1 000 liquor traders through training to ensure compliance with liquor licence conditions, aimed at reducing the harm caused by alcohol abuse. The Responsible Trader initiative, which will be rolled out in three phases over five provinces between December 2020 and February 2021, launched in Nelson Mandela Bay – one of the country’s Covid-19 hotspots – on December 21. Distell’s Group CEO, Richard Rushton
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PICK N PAY COMMITS TO BUYING 25 MILLION BOTTLES OF LOCAL WINE IN 2021
Pick n Pay has committed to buying 25 million bottles of wine in 2021 to support the local wine industry as they battle post-lockdown financial strains from prolonged restrictions on trade and export. Vinpro reported that the local wine industry had lost around R400 million a week in revenue when alcohol sales were banned. The industry currently has an estimated 250 to 300 million litres of uncontracted wine, according to Vinpro and SAWIS (South African Wine Industry Information & Systems). This is almost a year’s worth of wine sales. Gavin Ievers, head of liquor at Pick n Pay,
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CONSUMER GOODS COUNCIL OF SOUTH AFRICA CONCERNED ABOUT REDUCED TRADING HOURS FOR LIQUOR TRADERS AS ANNOUNCED BY THE GOVERNMENT
The Consumer Goods Council of South Africa (CGCSA), the Liquor Traders Association of South Africa (LTASA) and their respective retail members have noted the decision by the Government to reimpose restrictions on the sale of alcohol for off-site consumption, as part of measures to control the further spread of Covid-19. These restrictions, which have taken immediate effect, are a reversal of the concession given to liquor retailers to sell liquor products for off-site consumption from Monday to Sunday. While we acknowledge the broader aim of the restrictions announced by President Ramaphosa, we are nevertheless concerned with the inconsistent approach by
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TAX ADVANTAGES OF FORMAL RETIREMENT SAVINGS
Government provides a means-tested old age pension benefit primarily targeting the most vulnerable individuals in society. The current benefit is a pension of up to R1 860 per month from age 60 years and up to R1 880 per month from age 75 years, on condition that you don’t earn more or have assets more than specified amounts. Therefore, for most working South Africans, formal retirement savings vehicles are their only source of retirement income. However, insights from the Alexander Forbes Member WatchTM show that the current retirement savings environment is characterised by low contributions, a culture of low preservation
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Investing with style – A guide to understanding investment styles and strategies
If there’s one thing investors have been reminded of in 2020, it is that investing is certainly not a linear journey. There will be ups and downs and sharp swings in the market’s direction. This movement in financial markets and how drastically they could swing is what is referred to as volatility. The good news is that it is ‘normal’ for investments to come with some risk and market volatility, without taking on risk it would not be possible to reach the returns required to meet one’s investment goals. The not-so-good news is that Investors do not always understand just
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Hungry Lion selects UKG Dimensions to aid employee experience, digital transformation and expansion
Quick-service restaurant chain Hungry Lion has chosen the UKG Dimensions cloud suite from UKG (Ultimate Kronos Group), in collaboration with Altron Systems Integration, to accelerate its digital transformation and support its expansion efforts, as well as empower managers and employees through user experience. Established in 1997 Hungry Lion has rapidly expanded its footprint over the last several years, growing to nearly 250 locations with 5,000 employees spread across seven African countries. The chain has aspirations of growing to 300 stores in more countries in the near future. Keeping pace with its rapid growth, investment in technology, and focus
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