One cannot be castigated for believing that Africa’s biggest export is economic refugees. But those who aren’t jumping the fence are quietly ushering in a significant swell in retail. For them, it is not the fast moving trains into Europe that appeal but rather fast selling brands.
Shoprite Holdings’s largest shareholder voted against the South African food retailer’s remuneration policy because the R50.1m pay awarded to CEO Whitey Basson is mostly a fixed payment, rather than a performance-based salary.
Dis-Chem’s proposed JSE listing will be welcomed by investors, given the strong reputation and management behind the retail pharmacy, according to analysts.
Consumers everywhere are under strain and are searching for new and better ways to achieve value, Gareth Ackerman, co-chair of the Consumer Goods Council of SA and chair of Pick n Pay, said at its annual summit on Friday.
After a “call made” by Pick n Pay staff, Economic Freedom Fighters members responded by marching to the store and handing over a memorandum which demanded that all temporary employees be hired permanently.
