South Africa’s rand fell against the dollar on Thursday after the central bank left interest rates unchanged and sounded less hawkish, citing an improved inflation outlook.
Shares in Woolworths fell more than 8 percent on Thursday after the South African department store operator posted slower half-year sales growth and said it expected its headline earnings to drop by 5 percent in the period.
Woolworths has been ordered to re-instate 44 full time employees whom it had retrenched after they initially refused to work flexi-hours. The South African Transport and Allied Workers’ Union’s (SATAWU) last proposal was that they would work 14 hours at full time wages, resulting in an 11 percent wage reduction. However, Woolworths rejected this proposal […]
Security expert Jasmine Opperman from the Terrorism Research and Analysis Consortium says it is too soon to speculate on who could be behind the spate of suspicious devices found in shopping malls and public places in Durban.
Woolworths South Africa says its decision to recall its savory rice mix product is purely a precautionary measure on the global instruction of the Hungarian Food Safety Agency.