Trade Tatler Newsletter

News from the FMCG retail industry – delivered fresh every week

THIS ISSUE: 22 January 2026

Dis-Chem faces naming conundrum | 100 solar systems at Shoprite

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Hello and welcome to this week’s edition of the Trade Tatler, full to the brim with fresh news – both good and not so good, depending on where you stand. We kick off with Dis-Chem, whose partnership with Centriq has hit a bit of a bump in the road over the naming of their products offered. Well done to Shoprite, which has installed its 100th solar photovoltaic system in South Africa, helping it reach its sustainability targets as well as Mother Earth. Walmart has moved from one stock exchange to another, and news in our manufacturer’s section is that BAT has no choice but to close down its South African factory due to the proliferation of illegal cigarettes. Enjoy the read.

THIS ISSUE: 22 January 2026

Dis-Chem faces naming conundrum | 100 solar systems at Shoprite

Share

Hello and welcome to this week’s edition of the Trade Tatler, full to the brim with fresh news – both good and not so good, depending on where you stand. We kick off with Dis-Chem, whose partnership with Centriq has hit a bit of a bump in the road over the naming of their products offered. Well done to Shoprite, which has installed its 100th solar photovoltaic system in South Africa, helping it reach its sustainability targets as well as Mother Earth. Walmart has moved from one stock exchange to another, and news in our manufacturer’s section is that BAT has no choice but to close down its South African factory due to the proliferation of illegal cigarettes. Enjoy the read.

THIS ISSUE: 22 January 2026

Share

Dis-Chem faces naming conundrum | 100 solar systems at Shoprite

Hello and welcome to this week’s edition of the Trade Tatler, full to the brim with fresh news – both good and not so good, depending on where you stand. We kick off with Dis-Chem, whose partnership with Centriq has hit a bit of a bump in the road over the naming of their products offered. Well done to Shoprite, which has installed its 100th solar photovoltaic system in South Africa, helping it reach its sustainability targets as well as Mother Earth. Walmart has moved from one stock exchange to another, and news in our manufacturer’s section is that BAT has no choice but to close down its South African factory due to the proliferation of illegal cigarettes. Enjoy the read.

100

solar photovoltaic systems now installed by Shoprite

53

the no. of years Walmart has been on the NYSE

1,600

shoppers vote Aldi as the UK’s best super chain

1,500

jobs at risk when BAT closes SA factory

+3.5%

retail trade sales growth in Nov 2025

YOUR NUMBERS THIS WEEK

RETAILERS AND WHOLESALERS

Dis-Chem

What’s in a name?

Everything, as it turns out. There’s a law in South Africa which states that if an insurance company is granted the right to sell a health-related product, it must get the approval of the Council for Medical Schemes (CMS) before making any substantial changes to that product – including changing its name. Which is why Dis-Chem and its medical insurance partner, Centriq, now find themselves in a spot of bother over the naming of the health insurance products they have partnered on. In a classic case of ‘white labelling’ (or basically private labelling), the word ‘Dis-Chem’ was placed in front of Centriq’s existing ‘MyHealth Core’ and ‘MyHealth Vital’ products and marketed through and by Dis-Chem to its customer base. White labelling, although not illegal, follows very strict rules when it comes to pharmaceuticals and other health products. The CMS argued that by adding ‘Dis-Chem’ to the name, Centriq effectively created a new product name, for which it did not ask permission, and that customers might think Dis-Chem was the actual insurer. Centriq appealed against the decision, which the Appeals Board overruled. Centriq is currently engaging with the regulator to fix the paperwork and has already started stripping ‘Dis-Chem’ off the product names, as can be seen on the Dis-Chem website. “We do not anticipate a material impact on our policyholders and will continue to cooperate and work with CMS going forward,” says Centriq.

Source: Moonstone.co.za 15/01/26

Ti Perspective: The CMS has the power to shut the partnership down if its rules are not followed exactly, which in this case would leave thousands of people without health insurance – and nobody wants that. Fingers crossed the matter can be resolved swiftly for the good of all stakeholders concerned.

Shoprite

Electric avenue

Congrats to Shoprite, which, ten years after launching its first solar project in 2015, has installed its 100th solar photovoltaic (PV) system in Soshanguve. The retailer’s solar portfolio ranks among the largest of any South African private company, and currently, its rooftop solar systems generate enough clean electricity to power nearly 12,300 households a year. In the 2025 financial year, 7.2% of the Group’s electricity came from renewable sources – both via its own systems and through agreements with private generators. As you may recall, in 2024, the Group became one of the first companies to ‘wheel’ renewable electricity through the City of Cape Town’s grid, effectively buying clean electricity from a private party and using the city’s grid to deliver it to head office. “Our focus is on scaling these initiatives by increasing solar installations and expanding wheeling arrangements across our supermarkets and distribution centres,” says Sanjeev Raghubir, Chief Sustainability Officer at the Group. “We will continue to engage with landlords and partners to unlock greater access to clean energy, particularly in malls where we don’t own the rooftops.”

Source: Tatler Reporter 21/01/26

Ti Perspective: Reaching the 100-solar-site milestone is impressive, but the 7.2% renewable figure shows just how much room for growth still exists for corporate South Africa.

Walmart

Not just a technicality

A real perk of burning the midnight oil in Tatler Towers is that we get first-viewer access to all Trade Intelligence’s latest reports and presentation decks. In combing through Ti’s latest ‘SA FMCG Retail Outlook’ product (more about it here), we learnt with interest that after 53 years of being listed on the New York Stock Exchange, Walmart has moved over to NASDAQ, making it the largest company by market capitalisation ever to switch between the two exchanges. What’s the big deal? NASDAQ is a particularly tech-heavy stock market, including the likes of Apple and Amazon. By joining it, Walmart is signalling to investors that it is no longer just a ‘brick-and-mortar’ retailer, but a real tech-powered company committed “to innovation and growth as a people-led, tech-powered omnichannel retailer.” 

 

Back on home soil, the Big W has announced that its third South African store will be opening in Boksburg on the East Rand. Although specifics on the store’s location have not been officially disclosed, we’re willing to place our bets on the East Point Shopping Centre, since we’re told its Game store has been closed since July last year. An announcement will no doubt be made sooner rather than later, since plans are to open the doors of store no. 3 in the first quarter this year.

Source: Tatler Reporter 21/12/25

Ti Perspective: Walmart’s stock market move proves that even the world’s largest traditional retailer knows it must evolve or expire. We look forward to seeing how this shows up in Boksburg and its future SA stores.

International News

Aldi right moves

Four months ago, Amazon closed all its till-free grocery stores in the UK, marking the end of its ‘Just Walk Out’ experiment in Blighty. In a “thorough evaluation”, the company realised that British shoppers preferred having their groceries delivered rather than visiting small high-tech convenience stores, which did not offer much more than leaving without physically paying for their goods. So, Amazon is shifting its focus to ultra-fast grocery deliveries in under 30 minutes, testing its Amazon Now service in selected postcodes in the Southwark area in London, with plans to roll it out further in the coming months. Groceries will be delivered “by bike”, with riders recruited through Amazon Flex, its very own crowdsourced delivery platform. Meanwhile, over in the USA, it’s also looking to large-format stores, pitting itself directly against big-box Walmart. Never a dull moment in FMCG, huh?

 

Next, who is the UK’s favourite super? According to over 1,600 readers of Good Housekeeping magazine, that would be Aldi, which pipped the likes of Tesco, Asda, Sainsburys and others in a recent poll. Aspects voted on included everything from value for money and fresh produce to in-store experience, and Aldi was commended for its competitive prices while still offering quality products.

 

And we close off with an interesting promo mechanic picked up by one of our intrepid analysts, who are always scouting for the latest developments. Carrefour Belgium has introduced new tiered pricing, where shoppers are increasingly rewarded for buying multiple packs – buy one, get it at the normal price. Buy two, get 5% off. Buy three or more, get 10% off. The mechanic applies to 200 essential everyday products, and Carrefour claims that it is the first Belgian super to do this.

Source: Mirror.co.uk 20/01/26, Bristol Live 21/01/26

MANUFACTURERS AND SERVICE PROVIDERS

British American Tobacco (BAT)

Ashes to ashes

British American Tobacco is closing its only manufacturing plant in South Africa, its first closure in the Beloved Country in over 50 years. This follows news late last year that the company has also decided to exit Mozambique, and fingers have been squarely pointed at the overwhelming growth of the illegal cigarette markets as the main cause, which (according to BAT) now accounts for 75% of cigarette sales. The Heidelberg facility, currently operating at 35% capacity, will shut down by the end of the year, placing 1,500 jobs at risk. BAT had already been forced to reduce its workforce by 30% since 2020 when the infiltration of illegal cigarettes grew substantially due to the cigarette ban in the early days of COVID. The business will not exit the South African market, however, switching to an import-based supply model and it will also keep its secondary listing on the JSE. The company recorded a £291m impairment in 2023 due, it says, to the continued negative effect of illicit trade in South Africa and has called for measures to combat it, including placing customs officials at factories.

Source: Business Day 15/01/26

Aspen

Weighing in

Aspen is looking to launch one of the first generic versions of Novo Nordisk’s semaglutide, a GLP-1 weight-loss injection, in Canada, where the drug has recently lost its patent. That ice-hockey-obsessed nation is considered a key market for testing the uptake of generic GLP-1 drugs, since they have historically been too expensive for government and insurance companies to cover. Aspen is not the only one vying for approval from Health Canada to produce and sell the drug, however – the Canadian health authority has already received nine regulatory filings. And Sandoz, for example, has indicated plans to launch its generic version at a significant discount of up to 70% off the branded list price of $200-$400 per month. While the patent expired in January, Aspen’s CEO, Stephen Saad, suggested a market launch in the first quarter is “highly unlikely”. “Whoever performs [in Canada] is likely to perform across the rest of the globe. We might be first, we might be fourth, but we’ll be there,” Aspen Pharmacare CEO Stephen Saad said last week. In South Africa, the situation regarding generic semaglutide is a bit different, with the primary patent expected to expire around March 2026. Even after the patent expires, companies cannot sell their specific generic versions until SAHPRA (the South African regulator) approves their products. SAHPRA is known for having a significant backlog, meaning South Africans will have to wait quite a bit longer for a more affordable version of the weight loss drug taking the world by storm.

Source: Business Day 19/01/26

TRADE ENVIRONMENT

Retail Trade Sales

We are saling By Ti Retail Economist, Carey Leighton

Stats SA released November’s retail sales data this week, with the numbers showing that real growth exceeded expectations at +3.5% year-on-year (YoY), despite a high base back in Nov 2024 when growth was a substantial +8.0%.

 

Growth came from six of the seven retailer types:

    • General dealers (predominantly selling food) saw growth tick up to +2.2% YoY (after only +0.7% in Oct 2025), but was well below last year’s +11.4% growth 
    • Retailers in pharma, cosmetics and toiletries: +10.1%, off a low base (Nov 2024: +1.9%)
    • Textiles and clothing: +2.3% YoY, a change from October when this retailer type was the biggest contributor to growth
    • Retailers in hardware: +3.9% 
    • Another solid month of growth for retailers in household goods: +8.9%
    • All other’ retailers (including some ‘luxury’ specialist retailers): +8.0%, supported by the interest rate cuts, some improvement in consumer confidence and promotional activity
    • Food specialists reported another decline at -0.8%, marking declines for eight of the last 11 months. These are smaller specialist stores like bakeries, butcheries, fruit & veg that sell a specific type of food rather than a general assortment
Source: Stats SA 21/01/26

Ti Perspective: Did the November promotions drive additional sales, or is November a drain on December? In 2024, we saw the growth drop off from +8.0% YoY in Nov 2024 to +3.5% in Dec 2024 – this base effect could make it easier for Dec 2025 to outperform, but the consensus remains muted since consumer spending is so heavily exhausted by November’s promotions. For more on the current promotions landscape, check out our recent featured article here.

THE WEEKLY GURU

“One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.”
William Feather

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