Filed under: Local News
By Lukanyo Mnyanda, Johannesburg – Domestic retail sales growth accelerated to 9.4 percent in January as four interest rate increases since June failed to crimp spending, boosting pressure on the Reserve Bank to raise rates further. (more…)
Filed under: International News
Sydney – Wal-Mart Stores would pay $530 million (R4 billion) in bonuses to US workers after facing pressure to increase wages and improve working conditions, the Arkansas-based firm said yesterday. (more…)
Filed under: Must Reads
Reading Recommended by David Abrahamse of Algoran.
Nothing will be more important, more lasting, or more wealth creating than having the insight required to transform customer’s environments and therefore their customer’s experiences, which are both guests. ” There is no economic value more tangible, more palpable, or more worth while than achieving an aspiration. ” (The Experience Economy by Pine & Gilmore)- you can skip chapters 4-8,but make sure you read the rest!
(Brand Sense by Martin Lindstrom) Also a must read!
Filed under: Local News
By Ronnie Morris
Cape Town – Woolworths’ balance sheet was too unattractive for private equity investors and talk in the market that the company was a takeover target was speculative, a retail analyst said yesterday.
Abri du Plessis, the chief investment officer at Gryphon Asset Management, was speaking after Woolworths’ share price rose to R20.70 a share on Tuesday before closing at R20.65. It rose to R20.40 on Monday from R19.40 on Friday. Yesterday it reached a high of R21.20, but closed 0.63 percent lower on the day at R20.50.
See Business Report for more details.
