SA government now owns more than 20 percent of Woolworths
By: Sundeeka Mungroo - MSN
The South African government’s state-owned Public Investment Corporation (PIC), now owns more than 20 percent of Woolworths.
As reported by BusinessTech, Woolworths announced on Friday, 14 March that the Public Investment Corporation had given formal notice that it had procured, in aggregate, 20.248 percent of the group’s ordinary shares.
Heavy rainfall in KwaZulu-Natal and Gauteng had affected the supply of fresh produce, including items such as lettuce, spinach, and cauliflower. A meat supplier also reported shortages.
According to FoodForMzansi, recent flooding in parts of the country has destroyed crops and livestock and damaged farming infrastructure.
SPAR on track to significantly grow its private l…
By Max Oliva, SPAR Southern Africa CEO
In times of economic uncertainty, retailers must do more than simply meet demand - they must anticipate it, shape it, and lead it.
Informal drinking venues offer untapped potential…
More than half of South Africans who visit taverns and shebeens do so on a weekly basis, positioning these informal venues not just as nightlife staples but as central pillars of everyday social life.
Up to 40% back on every Sixty60 shop with UCount…
In a first for Standard Bank customers, UCount Rewards can now be earned and redeemed across Shoprite and Checkers supermarkets, and on Sixty60.
Members can earn up to 40% back in UCount Rewards points when shopping on Sixty60, and up to 30…
SPAR’s friendly Easter deals have cash-strapped c…
With Easter approaching, many South African households are looking for ways to celebrate while keeping costs under control. Economic challenges remain a concern, particularly with the upcoming increase in Value Added Tax (VAT), which is set to rise…
How FNB’s eBucks is powering Pick n Pay’s retail…
By: Mthobisi Nozulela – IOL Business
Retailer Pick n Pay is reaping rewards from its partnership with FNB’s eBucks programme, which launched in November 2024 to help customers save on groceries, essentials, and clothing.