Today the Consumer Goods Council of South Africa (CGCSA) addressed the Parliamentary Select and Standing Committee on Finance where it called for National Treasury to urgently re-introduce the expansion of the list of zero-rated basic food items in the draft tax legislation expected to be shortly published for public comment. In a country facing food insecurity, Neo Momodu, CGCSA Executive Legal, Regulatory & Stakeholder Engagement, submitted that expanding the list of zero-rated food products, poor households will be in a position to afford more healthy and nutritious food that would potentially otherwise have been beyond their means. She says while
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Monthly Archives May 2025
CGCSA WELCOMES PLANS TO STRENGTHEN SARS TO FIGHT ILLICIT TRADING BUT LAMENTS DECISION NOTTO EXPAND LIST OF VAT-EXEMPTED FOOD PRODUCTS
The Consumer Goods Council of South Africa (CGCSA) welcomes plans by the government to strengthen the South African Revenue Service (SARS) to enable it to fight the scourge of illicit trade in tobacco, alcohol and other areas. In his budget speech statement, Finance Minister Enoch Godongwana stated an additional allocation will be made to SARS will be used to improve modernisation as well as respond to the growing problem of illicit trade. “The minister has correctly identified the need for a more robust approach to fighting illicit trade, an issue that was further highlighted at the CGCSA security seminar held
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Pick n Pay and Gorilla win big at the 2025 MMA Smarties Awards
Up against more than 250 competing entries from South Africa’s biggest brands, Pick n Pay and agency partner Gorilla scooped nine trophies out of their ten shortlisted entries, including the coveted “Best in Show” Industry Award, at the 2025 MMA Smarties Awards on Thursday night. The awards honour the most creative and effective modern marketing in South Africa. One of the highest accolades at this year’s MMA Smarties Awards, the “Best in Show” is voted for by a jury of senior industry leaders, and celebrates campaigns for their strategic brilliance, cultural relevance, and measurable business impact. Jordan Wallace, CEO of
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PICK n PAY RECOGNISED FOR GROWING ‘WAYS TO PAY’ FOR SA CUSTOMERS
Pick n Pay has been named the top retailer in the ‘Retail Powerhouse Award’ category at the second annual ABSA Payments Summit and Awards for its ongoing adoption and introduction of innovative and flexible payment solutions, including for customers and suppliers. The summit showcases the latest advancements and cutting-edge solutions shaping the future of payments, with the awards spotlighting companies that successfully integrate these innovations in collaboration with Absa. Presented for the first time this year, the Retail Powerhouse Award honours large retailers leading the way in payment technology across consumer and commercial services. This prestigious award is a strong
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BOXER ISSUES ITS MAIDEN RESULTS, SHOWING CONTINUED GROWTH POST ITS SUCCESSFUL LISTING
Boxer Retail Limited, South Africa’s leading soft discounter, today published its first annual financial results after listing in November 2024, delivering a standout performance with consistent market share gains. The company outperformed its pre-IPO guidance on its trading margin, reporting a 5.4% 52-week trading margin ahead of the 5% guidance set ahead of its listing. Boxer Retail Limited made history as the biggest initial public offering (IPO) listing on the JSE in eight years, which was oversubscribed multiple times at the top end of the offer price range. The discounter reported turnover growth of 13.2% to R42.3 billion for its
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