
<p>On the day after Thanksgiving, known as Black Friday, retailers in South Africa are hoping to recover earlier losses and boost sales during the Christmas season. CNBC Africa <a href="https://www.cnbcafrica.com/media/6341716180112/black-friday-whos-winning/">spoke with Grant Nader, Portfolio Manager at Benguela Global Fund Managers</a>, to discuss which listed companies are best positioned to capitalize on this shopping extravaganza.</p>



<p>NASPERS, the conglomerate behind Takealot, is expected to see positive outcomes on Black Friday. As an e-commerce platform, Takealot has the ability to move significant volumes of inventory, making it an ideal channel for retailers looking to recoup lost sales and clear out overstocked items. While NASPERS&#8217; overall economic impact is relatively small, Takealot&#8217;s dominance in the South African market makes it a crucial player for local sellers and distributors.</p>



<p>The Foschini Group, which includes various brands such as Foschini, Sportsscene, and @home, is well positioned for success on Black Friday. With its extensive range of products, the company utilizes data analytics and strategic pricing to attract customers and increase sales. Additionally, Foschini&#8217;s inventory and promotional environment make it an ideal candidate for shoppers seeking bargains.</p>



<p>Woolworths, known for its focus on food retail, also participates in Black Friday. However, the company is careful to maintain its margins and does not heavily discount its products. While demand is still expected, Woolworths is not likely to undercut its margin gains in the fashion, beauty, and homeware sectors. The company&#8217;s approach reflects its commitment to maintaining profitability while meeting customer expectations during the shopping event.</p>



<p>Other retailers, such as Truworths and Mr. Price Group, have their own strategies for Black Friday. Truworths relies heavily on credit-based sales, while Mr. Price Group has recently acquired Studio 88 to expand its offerings. Both retailers are well positioned to attract customers and increase sales during the shopping season.</p>



<p>In terms of overall winners on Black Friday, Grant Nader suggests that Shoprite may come out on top in the grocery sector due to its focus on discounting and gaining market share. For clothing brands, Foschini Group and Mr. Price Group are likely to see success, thanks to their broad range of products and competitive pricing.</p>



<p>As Black Friday kicks off the Christmas shopping season, South African retailers are hoping to make the most of this opportunity to boost sales and recover from the challenges of the past year. While each company has its own approach and target market, they are all vying for the attention of bargain-hunting consumers in a highly promotional environment. Only time will tell which retailers will emerge as the true winners of this annual shopping frenzy.</p>


Illustration shows smartphone with Naspers’ logo

Black Friday Sales in South Africa: Which Retailers Are Poised to Win?

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<p>One of the largest revenue-generating food sectors in the UAE is the dairy sector, and they are now concerned about introducing quality, local products to the Gulf market. To achieve this, government is expanding production capacities to reduce its import dependency of dairy products. Sankha Biswas, CEO of Nutridor, talks to Zanele Morrison on what Nutridor is doing to contribute to the localization of this sector.</p>


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Eye on Dubai EP2: Dubai’s Local Manufacturing Mission

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<p>Analysts at Vetiva Capital say headwinds like naira devaluation, higher operating expense, inflation, and FX losses among others, impacted the profitability of companies in the consumer goods space. Oluebube Nwosu, Consumer Goods Analyst at Vetiva Capital, joins CNBC Africa for this discussion.</p>


Headwinds impact profitability of consumer goods giants

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<p>Welcome to another edition of CNBC Africa&#8217;s all-new AI dedicated segment that keeps its finger on the pulse of continent-wide news that matters. Every week, we dive into the latest headlines and speak to market innovators about all thing&#8217;s tech-driven across Africa. This week&#8217;s segment explores upskilling Africa&#8217;s tech talent. We speak to Stefan Lauber, Managing Director, i-Fundi and Max Cuvellier Giacomelli, Head of Mobile for Development at the GSMA.</p>


AI Africa: Upskilling Africa’s tech talent

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<p>Traders at UBA say the scarcity of bonds is keeping the market mute while the T-bills market maintains a bullish outlook with buying interests skewed to the newly issued 364-day paper. Kenneth Onuoha, Team Member, Assets and Liabilities joins me now for a wrap up of activities for this week.</p>


UBA: Bond scarcity fuels quiet undertone

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<p>MTN Nigeria plans to issue up to ₦72.1 billion Series 10 Commercial Paper, under its ₦250 billion programme as the company looks to diversify its funding sources. Mercy Okon, Research Analyst at Parthian Securities joins CNBC Africa for more.</p>


MTNN to issue ₦72bn commercial paper

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<p>As South Africa&#8217;s economic hub, Gauteng cannot ignore the impact felt from climate change and its major contribution to carbon emissions. The Climate Change Summit showcases how Gauteng is taking necessary action to improve the effects of climate change, and demonstrates innovative businesses that are mitigating greenhouse gas emissions.</p>


Focus On Gauteng Climate Change Summit: Decarbonizing Gauteng

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<p>Traders at Access Bank expect the T-bills market to remain bullish as the market anticipates FAAC disbursements. For the bond side, activities on the short end of the curve remain muted due to weak supply of papers coupled with the wide bid/ask spread. Odinaka Linus-Nwokonkwo, Treasury Team Member, Access Bank joins CNBC Africa for a weekly wrap of market activities.</p>


Access: T-Bills market to remain bullish despite illiquidity

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Game Changers: The important role of SMEs in Rwanda’s economy

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<p>One of the largest revenue-generating food sectors in the United Arab Emirates is the dairy sector, and they are now concerned about introducing quality, local products to the Gulf market. To achieve this, government is expanding production capacities to reduce its import dependency of dairy products.</p>


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<p>In its final meeting of the year, the South African Reserve Bank’s Monetary Policy Committee voted unanimously decided to keep the repo rate unchanged at 8.25 per cent. Reserve Bank Governor, Lesetja Kganyago explains the rationale behind the committee&#8217;s decision.</p>


Kganyago keeps repo rate unchanged at 8.25% (full speech)

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<p>The African Economic Summit 2023 brought together leaders from across disciplines to discuss the Imperatives for Sustainable Industrial Development in Africa. These are the closing remarks at the end of three days of in-depth deliberation&#8230;.</p>


African Economic Conference 2023: Closing Session

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<p>The African Economic Summit 2023 brought together leaders from across disciplines to discuss the Imperatives for Sustainable Industrial Development in Africa. These are the closing remarks at the end of three days of in-depth deliberation.</p>



<p>As the 28th Conference of the Parties (COP28) approaches, <a href="https://www.cnbcafrica.com/media/6341616411112/managing-climate-risks-ahead-of-cop28/">South African banks are being put to the test to see how effectively they manage climate risks</a>. A recent report by Just Share, an NGO focused on climate change, reveals the progress made by the country&#8217;s big five banks in addressing climate risks but also highlights the need for further action.</p>



<p>Just Share has been analyzing and engaging with South African banks for the past five years, examining their commitment to fighting climate change. The goal of the report was to provide customers with the tools to assess the banks&#8217; actions in relation to climate change.</p>



<p>The report assessed the banks across 20 indicators and established a rigorous methodology for the analysis. While the overall findings showed some progress, with none of the banks doing enough, the highest scoring bank received a score of only 60 percent.</p>



<p>One key finding of the report was the impact of governance on climate risk management. Banks with better climate competence on their boards tended to perform better across all indicators. This highlights the importance of having relevant expertise and minimizing climate conflicts within the boardroom.</p>



<p>Emma Schuster, Senior Climate Risk Analyst at Just Share, stated, &#8220;The overall thing is that the banks are making some progress, but they have a long way to go to properly align their climate integration with their commitments and with the goals of the Paris Agreement.&#8221;</p>



<p>The report also pointed out the banks&#8217; lack of progress in recognizing and acting on climate risks related to fossil gas. Schuster argued against the argument that increased investment in fossil fuels would benefit development outcomes in South Africa. She emphasized that South Africa has a high emissions profile and a high rate of inequality, and investing in fossil fuels is not the solution to these issues.</p>



<p>Schuster also highlighted the opportunity for South Africa to transition to cleaner and more inclusive energy systems. The falling costs of renewable energy and the global transition away from fossil fuel-based economies present a huge opportunity for the country to reimagine and revitalize its energy sector.</p>



<p>While acknowledging the exposure of South African banks to fossil fuels due to the structure of the country&#8217;s economy, the report emphasized the importance of an orderly and just transition away from fossil fuels. It called on banks to plan and prepare for the future, taking into account the needs of workers and communities dependent on fossil fuel systems.</p>



<p>The findings of the report provide valuable insights for customers looking to assess the climate risk management of South African banks. With COP28 just around the corner, the report serves as a reminder of the importance of addressing climate risks and aligning actions with global goals. It is a call to action for banks to prioritize climate risk management and contribute to a sustainable and just future.</p>


FILE PHOTO: Bonn Climate Change Conference in Germany

South African Banks Making Progress in Climate Risk Management but Still Have a Long Way to Go, Says Just Share Report

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<p>Analysts say they expect investors to sustain the positive momentum in Nigerian equities as bargain-hunting in bellwether stocks continues. Oyinkansola Aregbesola, Investment Research Analyst at ARM Securities, joins CNBC Africa for a market discussion&#8230;.</p>


Bargain-hunting to drive positive sentiments

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<p>Analysts say they expect investors to sustain the positive momentum in Nigerian equities as bargain-hunting in bellwether stocks continues. Oyinkansola Aregbesola, Investment Research Analyst at ARM Securities, joins CNBC Africa for a market discussion.</p>


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<p>The treasury bills market is quiet today with investors focusing on today’s 211 billion naira treasury bills primary market auction. Chuka Nwachukwu, Head of ALM &#038; Balance Sheet Management at UBA joins CNBC Africa for some market updates&#8230;.</p>


CNBC Africa

Black Friday Sales in South Africa: Which Retailers Are Poised to Win?

Eye on Dubai EP2: Dubai’s Local Manufacturing Mission

Headwinds impact profitability of consumer goods giants

AI Africa: Upskilling Africa’s tech talent

UBA: Bond scarcity fuels quiet undertone

MTNN to issue ₦72bn commercial paper

Focus On Gauteng Climate Change Summit: Decarbonizing Gauteng

Access: T-Bills market to remain bullish despite illiquidity

Game Changers: The important role of SMEs in Rwanda’s economy

Eye on Dubai EP1: Dubai’s Business Opportunities & Outlook

Kganyago keeps repo rate unchanged at 8.25% (full speech)

African Economic Conference 2023: Closing Session

African Economic Conference 2023: Closing Session

South African Banks Making Progress in Climate Risk Management but Still Have a Long Way to Go, Says Just Share Report

Bargain-hunting to drive positive sentiments

Bargain-hunting to drive positive sentiments

T-Bills mute on ₦211bn primary market auction

News Tips

Advertise With Us

CNBC Africa

Black Friday Sales in South Africa: Which Retailers Are Poised to Win?

Eye on Dubai EP2: Dubai’s Local Manufacturing Mission

Headwinds impact profitability of consumer goods giants

AI Africa: Upskilling Africa’s tech talent

UBA: Bond scarcity fuels quiet undertone

MTNN to issue ₦72bn commercial paper

Focus On Gauteng Climate Change Summit: Decarbonizing Gauteng

Access: T-Bills market to remain bullish despite illiquidity

Game Changers: The important role of SMEs in Rwanda’s economy

Eye on Dubai EP1: Dubai’s Business Opportunities & Outlook

Kganyago keeps repo rate unchanged at 8.25% (full speech)

African Economic Conference 2023: Closing Session

African Economic Conference 2023: Closing Session

South African Banks Making Progress in Climate Risk Management but Still Have a Long Way to Go, Says Just Share Report

Bargain-hunting to drive positive sentiments

Bargain-hunting to drive positive sentiments

T-Bills mute on ₦211bn primary market auction

News Tips

Advertise With Us

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