The Boks will face Wales in Sunday’s second semifinal.
Black Friday has grown to be an incredibly important ‘shopping holiday’ for South African retailers with Game and Builders reporting a 24% and 33% sales increase over the period in 2018.
New CEO will have to pull off a massive turnaround.
Margin pressures, high expense growth contributed to losses.
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.
Retail analysts say it is overspaced, with weak strategies and divisions that operate ‘too autonomously’ in an economic environment that doesn’t support its business model of high volumes and low margins.