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.
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