Flash Briefing: Power cuts in SA; land expropriation unpacked; PnP CEO to retire; Naspers; De Beers
South Africa faces four consecutive days of power cuts after Eskom reported a malfunction at one of its recently built generation plants, Kusile.
South Africa faces four consecutive days of power cuts after Eskom reported a malfunction at one of its recently built generation plants, Kusile.
Pick n Pay CEO, Richard Brasher, will step down from the helm of the South African retail giant after eight successful years.
After an initial pull back, Pick n Pay’s share price jumped more than 3 percent by noon on Monday.
Pick n Pay Stores fell the most in five months after South Africa’s second-biggest supermarket chain missed expectations for full-year earnings.
In this in-depth discussion with Alec Hogg, Mark Ingham looks ahead to what can be expected in Pick n Pay’s results for the half year to end August.
Minority shareholders at Pick n Pay have voted in favour of changing the ownership structure to increase its free float in a bid to boost demand for its stock.
Following extensive market and consumer research, Pick n Pay will partner with Nigeria Stock Exchange-listed AG Leventis to enter the Nigerian market.
Alec Hogg says Pick n Pay CEO Richard Brasher might be hitting the right notes at analyst presentations, but the scuttlebutt isn’t supportive.
We can learn much from Tesco. It posted a huge loss last year – one of the biggest ever recorded in the UK. Yet, fifteen years ago, early in Sir Terry Leahy’s term as CEO, the firm was an exemplar for the “Lean Management” movement which arose out of Toyota’s production system.
Independent analyst Syd Vianello hasn’t got many comforting words for retail sector shareholders, and warns that something’s gotta give á la Ellerines.