{"id":786483,"date":"2024-08-13T13:27:00","date_gmt":"2024-08-13T11:27:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=786483"},"modified":"2024-08-13T13:27:06","modified_gmt":"2024-08-13T11:27:06","slug":"major-international-companies-launching-in-south-africa-in-2024","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/786483\/major-international-companies-launching-in-south-africa-in-2024\/","title":{"rendered":"Major international companies launching in South Africa in 2024"},"content":{"rendered":"\n

Several prominent international brands will start operating in South Africa this year, with four new prominent companies in the lifestyle space setting up shop.<\/p>\n\n\n\n

Well-known British coffee chain Pret a Manger<\/strong> is coming to South Africa later this year.<\/p>\n\n\n\n

Private Equity firm, the Millat Group, signed a deal with Pret for the exclusive licence to operate Pret stores in Southern Africa.<\/p>\n\n\n\n

Millat said that the deal forms part of a long-term strategy to expand into the sector by offering customers easy access to organic and sustainable food offerings.<\/p>\n\n\n\n

The first Pret is set to open in Johannesburg, with additional stores coming to other key cities, such as Cape Town, Durban, and Pretoria.<\/p>\n\n\n\n

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The Foschini Group (TFG) will also bring popular UK-based JD Sports <\/strong>to South Africa by late 2024.<\/p>\n\n\n\n

The sports fashion retailer sells products from recognised brands, such as Nike, Adidas, and Puma, and its own private labels, including Pink Soda and Supply & Demand.<\/p>\n\n\n\n

TFG plans to open 40 JD stores in South Africa over the next five years.<\/p>\n\n\n\n

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In the luxury hotel space, hotel chain Hyde<\/strong> is set to open in Johannesburg in September 2024.<\/p>\n\n\n\n

The new hotel will be based in Rosebank and will feature 131 guest rooms and a spacious gym. The Proud Mary Restaurant will keep the ground floor busy daily to night, while Workshop17 is also based in the building.<\/p>\n\n\n\n

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Finally, Norse Atlantic Airways<\/strong> will start operating in South Africa, offering a route connecting London Gatwick Airport with Cape Town International Airport.<\/p>\n\n\n\n

The low-cost Norweigan Airline will operate flights three times a week, with flights leaving Cape Town on Sunday, Tuesday and Thursday.<\/p>\n\n\n\n

The group will try to break up the duopoly (Virgin Atlantic and British Airways) on the route.<\/p>\n\n\n\n

Fares start at \u00a3499 (R11,600) return for Economy and \u00a31,199 (R27800) return in Norse Premium class. Flights will commence on 28 October 2024.<\/p>\n\n\n\n

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The new brands join the recent launch of Amazon’s marketplace in South Africa in May of this year.<\/p>\n\n\n\n

Although Amazon already operates in South Africa through Amazon Web Services, its online marketplace is a far more significant revenue driver for the overall group. <\/p>\n\n\n\n

Customers can now order products on Amazon.co.za, access 3,000 pickup points and contact 24\/7 customer support.<\/p>\n\n\n\n

Many call it quits <\/strong><\/p>\n\n\n\n

Despite the new companies coming to South Africa, several international businesses have called it quits. <\/p>\n\n\n\n

Shell is selling its share in Shell Downstream South Africa, which includes a network of 600 petrol stations.<\/p>\n\n\n\n

The oil giant, however, is still planning to operate its upstream business in 2024 <\/p>\n\n\n\n

Shell is selling its shareholding in Shell Downstream South Africa, including a network of 600 petrol stations nationwide. <\/p>\n\n\n\n

That said, the group is still planning to operate its upstream business.<\/p>\n\n\n\n

The world\u2019s sixth-biggest bank, BNP Paribas, which has \u20ac415 billion (R8.2 trillion) in assets under management, also had its license to conduct the business of a bank via a branch withdrawn from the Prudential Authority.<\/p>\n\n\n\n

The French bank is scaling back from its non-core operations in Africa.<\/p>\n\n\n\n

Earlier this year, BHP tried to purchase Anglo American but planned on spinning off the latter’s South African operations – Anglo American Platinum and Kumba Iron Ore.<\/p>\n\n\n\n

Although BHP’s efforts failed and Anglo American plans to retain Kumba Iron Ore, the group also plans to spin off Anglo American Platinum.<\/p>\n\n\n\n

Moreover, the luxury watchmaker Rolex is closing its official affiliate in South Africa after over seven decades in South Africa.<\/p>\n\n\n\n

Rolex said that local markets have evolved and no longer warrant the presence of an official Rolex affiliate in South Africa. <\/p>\n\n\n\n

However, the brand will remain active in the country through its Official Retailer network and provide after-sales services. <\/p>\n\n\n\n

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Read<\/strong>: The end of load shedding in South Africa is close \u2013 with a very big catch<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Several international brands may have called it quits in South Africa, but many others are also set to launch in 2024. <\/p>\n","protected":false},"author":95,"featured_media":786664,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[11538,26,11063,2239],"class_list":["post-786483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bnp-paribas","tag-headline","tag-rolex","tag-shell"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/786483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=786483"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/786483\/revisions"}],"predecessor-version":[{"id":786665,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/786483\/revisions\/786665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/786664"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=786483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=786483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=786483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}