Ongoing industrial action heavily impacted trade at Dis-Chem Pharmacies in December and continues to affect the group, it said in a note to shareholders issued on Thursday 14 March 2019.
Shoprite Holdings is in exclusive talks with Thibault Square Financial Services – linked to billionaire Christo Wiese – over the acquisition, redemption and cancellation of deferred Shoprite shares held by Thibault.
It would be ideal for SA to finalise trade agreements with the UK ahead of March 29, when Britain is set to leave the EU, Parliament's oversight committee on trade and industry heard.
Woolworths Holdings announced results for the 26 weeks ended 23 December 2018. Group sales for the first 26 weeks of the 2019 financial year were R39.4bn, an increase of 1.9%, and profit before tax was R2.6bn compared to a loss of R4.1bn in 2018.
Franchise business owners are waiting with bated breath for the outcome of the 2019 National Budget Speech to be delivered by Minister of Finance, Tito Mboweni, as they seek more opportunities to increase their contribution to GDP.
Woolworths has categorically denied allegations by Michelle Legge, who founded beverage company Superlatte in 2016, that the retailer has copied her product.
TymeBank announced that it will launch in 500 Pick n Pay and Boxer stores next week ahead of a formal launch later in February.The bank successfully conducted a soft launch in December, going live across 20 Pick n Pay and Boxer stores.
