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UNDICTATED: Summers's challenge exposed by Pick n Pay's 'truly awful" results, shares drop 14%

In this episode of UNDICTATED, master retailer Sean Summers shares what brought Pick 'n Pay so low - and his plan to turn things around.

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Court judgments are 'opinions', argue Mkhwebane and Mpo...

‘The untouchables’ and ‘big business’ who donated funds to the CR17 campaign were being ‘protected’, while her life was in danger, Busisiwe Mkhwebane complained to the Section 194 inquiry on Thursday.

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Shares, Funds and Portfolios

Online Share Trading for beginners and professional traders. You have a choice to manage your own portfolio or you can choose to have us manage it for you.

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Serial entrepreneur Martin Freeman on his journey to New York

Serial entrepreneur Martin Freeman on his journey to New York
biznews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biznews.com Daily Mail and Mail on Sunday newspapers.

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Alec Hogg's Inbox: Passionate views around Ivermectin

Alec Hogg's Inbox: Passionate views around Ivermectin
biznews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biznews.com Daily Mail and Mail on Sunday newspapers.

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Khaya Sithole: Men still prefer iron fists to be in velvet gloves

Khaya Sithole: Men still prefer iron fists to be in velvet gloves
mg.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mg.co.za Daily Mail and Mail on Sunday newspapers.

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Massmart surges over 20%, but has the market overreacted?


MONEYWEB
LIVESTREAM
Massmart surges over 20%, but has the market overreacted?
Some analysts think so, considering the Game and Makro owner’s wider FY losses, debt burden and lack of dividend.
09:07 
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Game, Massmart's biggest division in terms of number of stores, continues to make a loss. Image: Suren Naidoo, Moneyweb
JSE-listed retail and wholesale group Massmart’s share price soared 20.76% on Monday, closing at R54.10 a share – the highest level in more than a year.
The surge came following the release of the group’s full-year results to December 27, 2020, which show that sales declined 7.7% to R86.5 billion, contributing to a wider net loss of R1.75 billion (2019: R1.29 billion).

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The perils of legacy software for retailers adopting digital journeys


The perils of legacy software for retailers adopting digital journeys
The author, Allan Dickson, argues that XXX
In the devastating wake of the global pandemic, companies across industries are grappling with the economic impact – and few more so than the embattled retail sector. Without a doubt, “making the numbers” is rare amid weaker revenue. This means there is inevitably a strong focus on cost containment, including IT spend, often resulting in the dilution or even abandonment of IT initiatives that are essential to retailers’ long-term competitiveness.
The worst hit are likely to be those companies that have regularly deferred replacement of stable older IT systems “for another year” to save money. Today, many existing portfolios contain proprietary and highly modified best-of-breed applications that may span several generations of technology. Functionality within these may be brittle and difficult to change, requiring expensive interfacing and laborious integration.

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'To stop corruption, reduce poverty and save SA from Zuma': Why people donated to CR17 campaign, according to Magda Wierzycka


12 Aug 2019
'To stop corruption, reduce poverty and save SA from Zuma': Why people donated to CR17 campaign, according to Magda Wierzycka
Ethan Van Diemen
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Magda Wierzycka, CEO of Sygnia Group, is seen during an interview at her office. (Alon Skuy, Gallo Images, Sunday Times, file)
Magda Wierzycka, Chief Executive Officer of Sygnia [JSE:SYG], a financial services company, said on Sunday that donors to President Cyril Ramaphosa's successful CR17 campaign for the ANC presidency had donated "...to stop corruption, reduce poverty and save SA from Zuma, Guptas etc".
The president and the CR17 campaign have been under increasing political and media scrutiny since Public Protector advocate Busisiwe Mkhwebane released her report on the Bosasa donation saga, which also looked at the CR17 trust account, the donations received and how the money was moved around.

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