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Woolworths launches Woolworths Ventures. A unit that will give it flexibility in expansion

By Larry Claasen WOOLWORTHS’s takeover of Absolute Pets cements its new growth strategy, as the pet chain will be housed in its newly created unit, Woolworths Ventures. The new operation inside the retailer...

Woolies ESD programme backs 32 businesses with R391.7m in support in 2023

By Larry Claasen Woolworths’s Enterprise and Supplier Development (ESD) programme has given emerging businesses a much-needed boost by providing “procurement opportunities” to the value of over R850,1-million over the past two years. The...

Shoprite makes a strategic investment in local technology start-up 

The Shoprite Group made its second minority investment in a South African tech start-up this year. In the most recent transaction, the retailer is among a group of companies, led by Buffet...

Wiese to retire next year

South Africa’s largest retailer, Shoprite announced that its chairperson, Christo Wiese will retire at next year’s AGM. This move follows concerted shareholder pressure on Wiese to stand down as chairperson, a position...

Fashion retailer Forever 21 files for bankruptcy

Forever 21 Inc lists both assets and liabilities in the range of $1 billion to $10 billion, according to the court filing in the US Bankruptcy Court for the District of...


Cape Town has the ninth-worst traffic congestion in the world

By Larry Claasen The City of Cape Town will spend R444-million to relieve traffic congestion over the next three years. TRAFFIC congestion in Cape Town ranks...


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