Less than a month into 2020, South African companies have already announced thousands of job cuts. In a country where a third of the labour force is already unemployed, this will put even more strain on economic growth.
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Less than a month into 2020, retrenchments, the trimming of workforces and restructuring talks are dominating the news.
Massmart plans to close the 23-store DionWired chain of hi-tech appliance shops as well as 11 Masscash wholesale outlets, a spokesman said by phone on Monday.
Retail group Massmart Group, whose assets include Makro, Game and DionWired, warned on Monday that it’s likely to close a range of stores affecting the jobs of nearly 1 500 employees.
Massmart will have to take a long, hard look at its embattled Massdiscounters division to turn the group’s fortunes around, and this should include a rationalisation of its Game and DionWired stores.
An exodus of CEOs during the economic downturn is becoming alarming, particularly as there are apparently so few ready replacements.
More than three in four South Africans who were asked for a bribe ended up paying one, according to a survey conducted by the Ethics Institute of South Africa. The average traffic bribe costs around R200, it found, while most bribes were
Click-and-collect e-commerce, such as the locker system that Makro will introduce this year, is set to boom, according to a new report by Deloitte. The firm says in its TMT Predictions 2015 report, released last week, that strong growth is expected in Europe
Makro announced last week that it had entered into a partnership with Sasol to build e-commerce “lockers” on the fuel retailer’s forecourts. The lockers are not a new idea, having been pioneered in the US, UK and elsewhere by retailers such as Amazon and the Walmart-owned Asda, but it is
Walmart has hit the ground running following its purchase of a controlling stake in SA retail giant Massmart. Sunday newspapers carried glossy Walmart-Massmart advertisements promising discounted prices to consumers and sending a