Page 3 - Mitchell Slape News Today

Of the R2.5bn Massmart lost as a result of the July riots, R650m will not be recoverable from insurers

Market responds positively to news that the company has already reached over 65% of its cost saving target.

Group expects net loss of R650m after taking insurance cover into account

Group has to foot a R650m insurance shortfall after damages caused by July looting

The decision to sell Game stores in east and west Africa comes a year after a review of the group's portfolio outside of the Southern African Development Community.

Saccawu affiliates threaten Sandton shutdown over Massmart consultation process They’ve accused the retailer of planning mass retrenchments and potentially closing more local stores. Massmart employees participate in a protest in Sandton on 28 May 2021 against the potential closure of stores and job cuts. Picture: Veronica Mokhoali/Eyewitness News 2 hours ago JOHANNESBURG - Workers affiliated with Saccawu ...

The pandemic has jump-started e-commerce in South Africa. One of the biggest winners may be Takealot.com, a local e-commerce website that launched nearly a decade ago and later became part of Naspers, Africa’s biggest company by market capitalization. Revenue at Takealot reached $238 million in the six months that ended Sept. 30, its most recently reported period. That’s up 41% from the same period a year earlier. Developments such as same-day delivery of groceries and the ability to collec...

Air fryers and alcohol — a look at South Africa’s online shopper Online shopping trends revealed in OneDayOnly’s latest survey show the sector is set to continue growing PREMIUM By Katharine Child - 21 April 2021 South African consumers who shop online do so primarily for the convenience and many are buying more goods such as cleaning products and alcohol on the internet, says online retailer OneDayOnly in an shopping trends survey.  .. This article is reserved for Di...

Massmart’s CEO Mitchell Slape on R24m renumeration package By Dineo Faku Share JOHANNESBURG - MASSMART chief executive Mitchell Slape received a R24 million remuneration package during the year ended December 2020, the group said in its 2020 integrated annual report released on Friday. Slape’s salary included a R7.11m in guaranteed package, R6.8m in other benefits, R4.2m in other bonuses and R6.05m in short-term incentives. Slape, who succeeded Guy Hayward as chief executive in Septem...

PARTNER CONTENT Want to get smarter about fintech in Africa? Listen to the Decode Fintech Podcast by Paystack! How do you leverage customer interactions to grow your business? In this episode, Paystacks Customer Success Manager shares the key metrics he tracks, the tools his team uses, how to turn unhappy customers into brand advocates, and how Paystack uses customer service data to improve the product. ▶️ Listen to Episode 3: How Paystack Drives Growth with Customer Service My Life in Tech...