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Yahoo
09-06-2025
- Business
- Yahoo
The Future of Foodservice in South Africa to 2029: Changing Consumer Demands Drive Innovations in South Africa's Foodservice Industry
Explore comprehensive insights into the South African foodservice market with our detailed report, highlighting consumer trends, channel performance, and market forecasts. Understand the success behind QSR leading sales in 2024, and anticipate growth trends through 2029. Optimize strategies with key player analysis. Dublin, June 09, 2025 (GLOBE NEWSWIRE) -- The "South Africa - The Future of Foodservice to 2029" report has been added to report provides an in-depth evaluation of the South African foodservice market, including analysis of the key issues impacting on the report includes: Consumer insight and analysis to provide a clear view of prevailing need states, trends and demands of consumers, including segmentation analysis and channel preference, all fully supported by comprehensive market data and occasions and locations analytics. In-depth analysis of channel performance, both profit and cost sector, detailing the winning formats, with supporting analysis to provide comprehensive understanding of the reasons behind success and failure. For each of four key profit sector channels - QSR, FSR, coffee & tea shops and pubs, clubs & bars, a deep dive into the 'who', 'why', 'what', 'where' and 'what next'. Analysis of major market player performance, and how each player is meeting the needs of consumers and dealing with changing market demands, with supporting case studies on key menu, service and format innovations. Key Market Highlights The foodservice profit sector generated revenue of ZAR601.2 billion ($32.8 billion) in 2024, reflecting a CAGR of 3.4% during 2019-24. Over the same period, the number of transactions and outlets recorded CAGRs of 2.4% and 0.8%, respectively. QSR was the largest channel in 2024, accounting for a 60.7% share of total sales, followed by pub, club & bar with 25.6%. Owing to its inexpensive offerings and popularity among consumers, the QSR channel recorded healthy value growth during 2019-24. The FSR channel recorded modest growth, while coffee & tea shop and pub, club & bar registered declines. The South African profit sector is forecast to record a value CAGR of 6.6% during 2024-29. The number of transactions will register a CAGR of 2.1%, and the number of outlets will post a CAGR of 1%. The coffee & tea shop channel is expected to register the highest value CAGR during the forecast period, at 7.7%. Report Scope Macro context: Understanding the wider economic and social trends within a country; key to providing background when looking into a specific sector channels: A number of foodservice channels have been grouped together to form the "profit sector"; these include accommodation, leisure, restaurants, retail, travel, workplace, and pub, club & bar. This section will first go through overall trends in the sector, then "deep dive" into each of the four key channels. These channels are QSR, FSR, coffee & tea shop, and pub, club & bar. The report structure for each of these channels is explained sector channels: A number of foodservice channels have been grouped together to form the "cost sector"; these include education, healthcare, military & civil defense, and welfare & services. This sector typically represents the state's foodservice operators. This section of the report will go through overall trends in the sector. Profit sector sub-sections - QSR, FSR, coffee & tea shop, and pub, club & bar:For each of these key profit sector channels, this report will "deep dive" into the performance of the channel. This will follow a summary of the channel, which will encapsulate everything within the section. The report section will then cover historic and forecast growth/decline; key players within the channel; consumer segment analysis; and a "who", "why", "what", and "where" analysis (including, for some channels, case studies to bring key discussion points to life). It will finish with a look into the key drivers of future sector: For the overall cost sector channel, this report will provide an overview of the performance of the channel. The report section will cover historic and forecast growth/decline and will finish with a look into the data and channel share breakdown. Key Topics Covered: Executive Summary Macroeconomic Context Macroeconomic Overview Trends Landscape Profit Sector - Consumer Behavior Profit Sector Metrics Key Metric Highlights Value Share and Growth by Channel Outlets and Transactions Growth by Channel Operator Buying Volumes and Growth by Channel Channel Historic and Future Growth Dynamics Outlet-Type and Owner-Type Growth Dynamics Profit Sector by Channel Quick-Service Restaurant (QSR) Full-Service Restaurant (FSR) Coffee & Tea Shop Pub, Club & Bar Cost Sector Metrics Cost Operator Trends - Historic and Future Growth Data and Channel Share Breakdown Education Military & Civil Defense Welfare & Services Healthcare Company Coverage: Yum! Brands McDonald's Famous Brands Restaurant Brands International Spur Corporation Galito's Nando's Ocean Basket News Cafe Vida e Caffe Seattle Coffee Starbucks Wiesenhof Coffee For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Indian Express
17-05-2025
- Business
- Indian Express
IIM Ranchi Final Placements 2024-25: Rs 50.39 lakh highest package, increase in PPOs
The Indian Institute of Management Ranchi (IIM Ranchi) has released its Final Placement Report for the academic session 2024-25. According to an IIM Ranchi statement, the highest domestic cost-to-company (CTC) package soared to Rs 50.39 lakh per annum for an MBA student. It is a 33 per cent increase over last year. The pre-placement offers (PPOs) surged across programmes, with nearly 30 per cent of MBA-HR students and 19.8 per cent of MBA students receiving PPOs. The report was released on Wednesday in the presence of Director Prof. Deepak Kumar Srivastava, Dean of Academics Prof. Tanushree Dutta, Chairperson of Corporate Relations Prof. Rajeev Verma, and other faculty members. A total of 96 unique companies made placement offers across the flagship MBA, MBA-Human Resource (HR), and MBA-Business Analytics (BA) programmes. Of the participating MBA students, 59 per cent were freshers and 31 per cent were women. The average annual package across the top 10 per cent of students rose by 7.7 per cent, while the top 25 per cent saw a 6.6 per cent increase. The placement season witnessed participation from leading names across industries. BFSI and Fintech emerged as the dominant hiring sectors, followed by Consulting, E-commerce, FMCG, IT, and Manufacturing. There was a 33.33 per cent increase in companies hiring for strategy and consulting roles and a 28.6 per cent rise in PPOs in the sales and marketing domain. Top recruiters included Amazon, American Express, Accenture, DE Shaw, Deloitte, GAIL, Vedanta, HSBC, McDonald's, Titan, Infosys, and Wipro, among others. In line with industry trends, IIM Ranchi emphasized multidisciplinary learning. Students underwent training across over 24 electives including AI Strategy, Strategic HRM, Digital Marketing, and Design Thinking, equipping them for dynamic roles such as Tech Strategy Consultant, Business Analyst, Risk Manager, and Marketing Research Manager. Prof. Srivastava credited the institute's rising stature and placement performance to its evolving curriculum and deep corporate engagement. 'Our students' holistic development through multidisciplinary learning gives them a competitive edge in the job market,' he said.
The Hindu
14-05-2025
- Business
- The Hindu
Wholesale inflation eases to 13-month low of 0.85% on falling oil, vegetable prices
Inflation at the wholesale level in India eased to its lowest level in a little more than a year, to 0.85% in April, according to the latest data released by the Ministry of Commerce and Industry. The main drivers of easing of inflation are the falling crude oil prices, as well as softening food inflation. Wholesale inflation, as measured by the Wholesale Price Index, was last lower than April's reading in March 2024, which makes the latest data a 13-month low. Wholesale price inflation eases to 2.31% in January 2025 Within this, the primary articles category witnessed a contraction in prices of 1.44% in April, the first such contraction in nearly two years. This contraction in the overall primary articles category was driven by a deep contraction in the crude oil and natural gas sub-category, as well as a smaller contraction in the food category. Crude oil and natural gas inflation came in at a 22-month low of -15.55% in April, while the food sub-category stood at -0.85%. Digging deeper, the data shows that vegetable prices contracted 18.26% in April 2025, and wholesale potato prices were 24.3% lower than they were in April last year. The overall food group — which is a combination of the food components of the primary articles and manufactured products categories — saw inflation ease to a 22-month low of 2.55%. The fuel and power category, which comprises LPG, petrol, and diesel, saw an overall contraction in prices of 2.18%. Within this, LPG prices contracted 0.41%, petrol prices contracted by 7.7% and diesel prices contracted by 5.04% at the wholesale level.
Yahoo
08-05-2025
- Business
- Yahoo
BigCommerce (BIGC) Reports Q1: Everything You Need To Know Ahead Of Earnings
E-commerce software platform provider BigCommerce (NASDAQ: BIGC) will be reporting earnings tomorrow before market open. Here's what you need to know. BigCommerce met analysts' revenue expectations last quarter, reporting revenues of $87.03 million, up 3.4% year on year. It was a weaker quarter for the company, with full-year guidance of slowing revenue growth and a miss of analysts' billings estimates. Is BigCommerce a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting BigCommerce's revenue to grow 2.6% year on year to $82.49 million, slowing from the 12% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.05 per share. BigCommerce Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BigCommerce has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 1.5% on average. Looking at BigCommerce's peers in the sales and marketing software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. GoDaddy delivered year-on-year revenue growth of 7.7%, beating analysts' expectations by 0.6%, and VeriSign reported revenues up 4.7%, in line with consensus estimates. GoDaddy traded down 8.5% following the results while VeriSign was up 8%. Read our full analysis of GoDaddy's results here and VeriSign's results here. There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 17% on average over the last month. BigCommerce is down 2% during the same time and is heading into earnings with an average analyst price target of $7.95 (compared to the current share price of $5.03). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
The Star
07-05-2025
- Health
- The Star
Few doctors, throttled aid: How Myanmar's junta worsened earthquake toll
(Reuters) - Burmese academic Sophia Htwe spent hours desperately trying to call home from Australia after the 7.7 magnitude earthquake struck her hometown in Myanmar in late March, learning that a childhood friend had been trapped in the rubble. Friends from the central-northwestern region of Sagaing told her that she had been freed but died from her injuries after receiving no medical treatment. "That just really broke me... This is actually the failure of the military junta and the military coup," she said, referring to the junta's attacks on healthcare since seizing power in February 2021. The earthquake, which killed more than 3,700 people and injured 5,000, quickly overwhelmed a severely depleted health system in which the number of doctors and nurses had fallen dramatically under military rule, according to World Health Organization figures. Many blame the situation on attacks on healthcare facilities as the military administration sought to root out opponents to its rule, after medics took a prominent role in the anti-junta movement that emerged after the coup. That meant many victims of the earthquake went without immediate medical attention or had to wait a long time to receive the care they needed, according to two doctors who worked in the quake zone, two opposition activists and two human rights groups monitoring the response to the disaster. Rights groups Human Rights Watch and Physicians for Human Rights said doctors had described medicine and staff shortages and patients whose wounds had rotted in the absence of medical care. In a joint statement on April 29 they said the military's "years of unlawful attacks on healthcare facilities and workers" had severely hindered the emergency response. The situation was compounded, they said, because some medical workers were too afraid of arrest to operate in junta-controlled areas or scared of passing through checkpoints to reach areas where they were needed. Some areas affected by the earthquake are contested by both rebel and junta forces and their affiliated militias, creating an environment of tension and suspicion. Despite declaring a ceasefire on April 2, the junta has continued daily aerial attacks that have killed civilians, according to a Reuters analysis of data. More than 172 attacks have occurred since the ceasefire, 73 of them in areas devastated by the earthquake. A spokesman for the junta did not respond to several requests for comment. WORKFORCE SHORTAGES Before the coup, which toppled the elected government of Aung San Suu Kyi and ignited a civil war, the number of healthcare workers was growing. It surged 13.3% between 2016 and 2020 to about six doctors and nine nurses per 10,000 people, the WHO said. That figure fell to 1.01 doctors and 1.96 nurses in 2022 – far short of the recommended WHO minimum standard of 22.8 healthcare workers per 10,000 – as medical workers joined the anti-junta Civil Disobedience Movement, refusing to work for government-run clinics. According to Insecurity Insight, a Swiss non-governmental organisation, that tracks attacks on healthcare across the world. Soldiers have killed at least 74 health workers, attacked at least 263 health facilities, and arrested and prosecuted more than 800 since the coup. While some who left have since returned to work, the shortage of health workers remains "very serious", said Dr Thushara Fernando, the WHO's Myanmar representative. In January this year, junta leader Min Aung Hlaing acknowledged in state media that some hospitals did not have a single doctor. Non-government medical facilities were "severely restricted", the WHO said, by a lack of skilled health workers and difficulties imposed by the junta in importing medical supplies - restrictions that have created a shortage of life-saving medicines. Before the quake, the military shut at least eight private hospitals in Mandalay, one of the cities devastated by the disaster, according to the National Unity Government, a parallel civilian administration, while the quake destroyed at least five health facilities and partially damaged 61, according to the WHO. Healthcare workers aligned with the opposition are providing lifesaving care through underground networks, but "they are operating with extremely limited resources, and their safety remains a serious concern," said an NUG official who requested anonymity due to the sensitivity of the situation. The junta has detained doctors aligned with the opposition, which it characterises as "terrorists". The two doctors who travelled to the earthquake zone and asked not to be named for fear of retribution also described manpower problems. One said medics treating quake victims lacked triage expertise because the senior doctors who once led training had been imprisoned or feared arrest if they travelled to the disaster zone. The other said people with chronic illnesses had been unable to access vital medications, and quake survivors were suffering from diarrhoea, skin-related diseases and heat-stroke as temperatures climb to about 40 degrees Celsius (104°F). "During the earthquake, people didn't receive the immediate aid they desperately needed," he said, adding that authorities frequently questioned people helping survivors. UNDERGROUND RESPONSE The military, which controls most but not all of the areas worst hit by the quake, has not eased its communications bans or stringent customs rules since the disaster happened, said James Rodehaver, Myanmar head for the United Nations Office on Human Rights. He said a requirement by the junta that all organisations working on earthquake relief register with authorities had driven some Burmese humanitarian responders underground, while there was no evidence the military – fighting across multiple frontlines – was deploying troops to help deliver aid. In 2022, state media reported the junta diverted funds from the natural disaster management budget to provide loans in a bid to boost the sluggish economy, a move Win Myat Aye, the top official for disaster management under the former civilian government, says left a shortage of emergency supplies, logistical support, and recovery programmes. In Sagaing, Nyi Nyi Tin, whose home was damaged by the quake, said there was no official support beyond an offer of about $61 to the families of the dead and some compensation for the injured. As the monsoon rains loom, tens of thousands are still living in makeshift tents and the WHO says it fears the spread of communicable diseases. In comparison with massive community responses to past disasters, including the COVID-19 pandemic, there were only small teams of people helping and little cooperation between civil society and authorities, Nyi Nyi Tin said. "That sense of unity is gone. I think it's because people are afraid," he said. (Reporting by Wa Lone, Poppy McPherson, and Shoon Naing. Writing by Poppy McPherson; Editing by Kate Mayberry)
