Truworths CEO Michael Mark explains why GNU mood hasn’t reached Main St - yet

Loading player...

The Truworths share price dropped sharply after a business update disclosed sales in the fashion retailer’s 802 South African stores were flat for the four months to end October. CEO Michael Mark, in the Truworths hot seat for some 36 years, shares insights on where we are in the retailing cycle, providing context on the GNU-promised recovery after a decade of intense challenges for the sector. He spoke to BizNews editor Alec Hogg.

7 Nov 2024 10AM English South Africa Investing · Business News

Other recent episodes

How to navigate tightening global education visa landscape – Sable International’s Brent Morris

Studying abroad is becoming more complex for South African students as visa rules tighten, and compliance thresholds rise. Brent Morris from Sable International told BizNews that UK institutions now risk losing their licence to sponsor international students if over 5% of visa applications are rejected. He said, while the UK…

27 Aug 11AM 20 min

“Boere Buffett’s” gift to SA: Mouton’s R7.2bn injection will turn 189-school Curro into a non-profit

In a landmark act of philanthropy, “Boere Buffett” Jannie Mouton’s foundation is buying out Curro’s minority shareholders for R7.2 billion, converting the 189-school group into a non-profit. The Jannie Mouton Foundation will own Curro outright, reinvesting all profits into bursaries and new schools for underprivileged children. It’s the biggest private…

27 Aug 11AM 21 min

Miningweb weekly with Peter Major featuring gold’s rocket fuel, Trump’s critical minerals and more

In this episode of Miningweb Weekly, Peter Major discusses the resurgence of global mining, the impact of critical minerals, and South Africa's complex investment climate. From Rio Tinto’s exit plans to potash's new strategic status, Major offers sharp insights into the forces shaping the sector - and why now might…

27 Aug 10AM 44 min

Juanita Du Preez: Frantic scramble for alliances ahead of Mkhwanazi inquiry

Amid outrage over government's delay to launch the Commission of Inquiry into the explosive allegations of Police Capture made by whistleblowing general Lucky Mkhwanazi - and fears of a cover-up in the making, BizNews speaks to Juanita du Preez of Action Society over the smoke and mirrors behind the scenes…

27 Aug 8AM 18 min

BN Briefing: DA Metro poll context; Cyril’s last days?; Water mafia; Trump v Fed; Team GM joining F1

In today's BizNews Briefing, South African legend Jannie Mouton announces a bold shift to turn Curro into a non-profit, reshaping education’s future. A new poll puts the DA ahead of the ANC, raising questions about Ramaphosa’s presidency. Plus, Trump’s assault on the Federal Reserve sparks global alarm, and Cadillac makes…

27 Aug 6AM 27 min

All episodes