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Is Woolworths unravelling in Australia?

15/02/2019 - 16:35

The sudden departure of two Australia-based nonexecutive directors of Woolworths has fuelled speculation that the troubled retailer will be forced to announce another huge write-down related to the R21bn acquisition of the David Jones department store. 

And while the board has reiterated its faith in CEO Ian Moir, the scale of the problems now facing the group and Moir’s evident inability to fix them suggest that furt... 


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Clover: Israeli link meeting resistance

15/02/2019 - 10:58

The market is nervously considering the implications of empowerment company Brimstone’s decision to review its role in the ...

Latest retail sales figures show disappointing trend

15/02/2019 - 10:01

Available economic activity data has shown that the economy ended last year on a weaker footing, with December retail sales f...

Woolworths denies that it copied Superlatte products

14/02/2019 - 12:10

Woolworths has categorically denied allegations by Michelle Legge, who founded beverage company Superlatte in 2016, that the ...

New market store opens through the Pick n Pay market store

14/02/2019 - 11:51

The community of Thokoza welcomed the opening of Matlala Market and it will now offer customers greater variety, a fresh offe...

Strike adds to Dis-Chem’s Christmas woes

14/02/2019 - 10:33

Dis-Chem’s Christmas sales have been hurt by a strike, the pharmacy chain warned in a trading update....

Mastercard Index: Love and pockets run deep in South Africa as Valentine’s Day spend soars

14/02/2019 - 10:07

According to the latest Mastercard Love Index, South Africans are willing to dig deeper into their pockets to spoil the ones ...

Booze, drugs and DIY boost Spar in difficult economy

13/02/2019 - 15:40

Robust liquor sales and the inclusion of the pharmaceutical distribution business it bought in 2018 year boosted grocery reta...