No definitive conclusion can yet be drawn from the numbers about whether the festive season was a success or a flop, as other big retailers are yet to disclose their sales performances. However, the numbers give an early indication of what to expect.
Investors spooked by the uncertainty surrounding the fate of President Cyril Ramaphosa have pulled their money out of South Africa, with billions of rands already gone to greener pastures.
The big worry is about who will take over from Ramaphosa if he resigns and whether the would-be successor is able to ensure continuity in his economic policies, the structural reform agenda, and the exercise of prudence over public finances.
The JSE informed clients from 1.48pm on Wednesday about system glitches, saying it was aware of ‘disconnects’ across its platform that made it difficult for traders to execute trades. The stock exchange apologised for the inconvenience.
Lockdowns and looting have slowed Shoprite only marginally. Now if only the economy could grow and generate the jobs that give people dignity, says CEO Pieter Engelbrecht. Lockdowns and looting have slowed Shoprite only marginally. Now if only the economy could grow and generate the jobs that g.