Page 2 - Mitchell Slape News Today

The deal will see an “expected inflow of foreign direct investment” of R6.4bn.

‘We were probably the retailer most challenged in the civil unrest last year,’ says CEO Mitchell Slape as he heads into his last six months with the company.

Walmart is preparing for increased competition amid press reports that Amazon.com Inc. is planning to expand into Africa’s most-industrialized nation.

MTN and Vodacom are pure competitors, yet the numbers are so different that you would be forgiven for thinking otherwise. MTN and Vodacom are pure competitors, yet the numbers are so different that you would be forgiven for thinking otherwise.

Each unprofitable Game store lost about R1m every month in 2021.

Covid and the July riots might have smashed earnings at Massmart, but its poor performance in the years before 2020 and 2021 will not let it easily benefit from any potential green shoots.

‘Were in a good enough position that were actually increasing our capex spend going into this coming year in order to fuel the growth in the business’: CEO Mitch Slape.

Damage and closure of stores, as well as timing of insurance payments, put pressure on a company that was already struggling to return to profit

Group sales declined 1.9% to R84.9bn, with looting, Covid-19 restrictions on trade and global supply shortages weighing on the Game owner

Sales are down by a shockingly large number, but the devil is in the detail …