Massmart slides while Woolies steadies; Phuthuma Nathi bonanza; August stock blues; Unions torch Tito plan
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In today's business headlines:
Massmart is pinning its hope on a new CEO, Mitchell Slape to stop the slide at the Walmart controlled retailer;
Full year earnings from Woolworths showed signs of improving performance and is pulling other retailers up;
Black shareholders of MultiChoice South Africa are benefitting from a declared dividend to Phuthuma Nathi shareholders;
August is turning out to be the worst month for South African stocks since 1998; and
Cosatu has rejected the Treasury growth plan unveiled by Finance Minister Tito Mboweni but Santam says it is a good start.
Massmart is pinning its hope on a new CEO, Mitchell Slape to stop the slide at the Walmart controlled retailer;
Full year earnings from Woolworths showed signs of improving performance and is pulling other retailers up;
Black shareholders of MultiChoice South Africa are benefitting from a declared dividend to Phuthuma Nathi shareholders;
August is turning out to be the worst month for South African stocks since 1998; and
Cosatu has rejected the Treasury growth plan unveiled by Finance Minister Tito Mboweni but Santam says it is a good start.
