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End of an era as last remaining Musica stores prepare to shut their doors 28 January 2021 6:47 PM Share This: The world is going digital and online. Analyst Peter Armitage discusses the need for rapid changes in business models. It's the end of an era for South Africans who remember buying their first CD or LP at a Musica store. It was a leading music/entertainment retail brand for several decades, but now the country's last remaining outlets are set to shut their doors. Image: Musica Facebook page @musicasouthafrica The Clicks Group acquired Musica back in 1992. It's closed 19 stores since ...

S.Africa to issue COVID-19 vaccine storage, distribution tender Reuters 1/28/2021 By Nqobile Dludla JOHANNESBURG, Jan 28 (Reuters) - South Africa's health ministry will issue a tender to store and distribute COVID-19 vaccines on Feb. 5, it said on Thursday, in an effort to speed up a vaccine rollout that opposition leaders and scientists have said is too slow. The qualifying bidders will be involved in phase two and phase three of the country's vaccine programme, Director General Sandile Buthelezi told Reuters. Health experts, scientists and political rivals have accused the government of t...

okayafrica Image from Flickr Creative Commons End of an Era as Last South African Music Shop Closes End of an Era as Last South African Music Shops Set to Close South Africa's Clicks Group has announced the imminent closure of its Musica stores—the last music stores in South Africa after 29 years. South Africans are bidding farewell to Musica, yet another cultural giant which will be closing shop soon. Musica stores, which are owned by the South African Clicks Group, have been the leading music retailer in the sales of physical CDs and DVDs for close to three decades. M...

End of an era as Clicks pulls the plug on Musica Retail health and beauty sales up 8.0% UPD turnover up 10.6% Group turnover up 7.8% Retail health and beauty sales, including Clicks and the franchise brands of The Body Shop, GNC and Claire’s, increased by 8.0% (2020: 8.7%) over the corresponding 21 weeks in the previous financial year. Health and beauty sales in comparable stores increased by 4.3% (2020: 5.1%), with selling price inflation averaging 3.2% (2020: 2.4%) for the period. Total group retail sales increased by 6.5% (2020: 7.7%) and by 3.5% (2020: 4.3%) in comparable stores, with s...

South Africa Stocks Rally to Record as Tencent Surge Boosts Naspers By January 25, 2021 (Bloomberg) -- South Africa’s main stocks index jumped 2.1% as of 10:07 a.m. in Johannesburg, setting a fresh intraday record, as Naspers Ltd. was lifted by a surge in partly owned Chinese online giant Tencent Holdings Ltd. Retailer Woolworths Holdings Ltd. was also among the leading gainers, soaring the most since 1998 after an upbeat trading statement. Asian stocks and U.S. and European equity futures rose Monday as investors focused on the prospect of additional fiscal stimulus and supportive Fe...