More than seven years after the $2.5bn acquisition of Massmart by Walmart, the merger between the world’s largest company by revenue and Africa’s second-largest distributor of consumer goods is yet to set the SA retail sector alight.
Woolworths CEO Ian Moir, who oversaw the group’s disastrous foray into Australia that has contributed to its share price halving over the past three years, is going nowhere — for now.
A photo of a loaf of 375g gluten-free bread at Woolworths, selling for R52.99, went viral on social media to the amusement of some while others questioned how a staple food item could be so expensive.
While South Africa is not over the worst yet, the country is heading in a distinctly more optimistic direction, says Pick n Pay chairman Gareth Ackerman, speaking at the company’s AGM on Monday (30 July).
Airports Company SA (Acsa) has suspended the evaluation of 78 retail store tender bids after a recent high court judgment found that the state-owned airports operator had acted inconsistently with the Constitution in another tender.
Following reports that the African National Congress (ANC) is looking to scrap e-tolls in Gauteng, the party has now confirmed that it is actively taking steps at reviewing the controversial system.
Women pay more for cosmetics and clothing than men, says Use Your Voice (UYV), a non-profit organisation that distributes sanitary pads across South Africa.
