Massmart could close over 30 stores in SA

eNCA writes that the owner of Makro, Game and Builders Warehouse is adding to the gloomy start to the year. Massmart has announced that it’s consulting with unions and other stakeholders about closing as many as 34 stores. This could lead to over 1,400 employees losing their jobs.

The company says the talks are part of its “store optimisation strategy”. Massmart said in a statement: ” A final decision regarding the potential closure of the stores is dependent upon the outcome of a Section 189 consultation process with our affected colleagues and their representatives.” Massmart, which is owned by US-based Walmart, has not been perfoming well.

Releated

Informal traders allowed to resume business

SABC News reports that government has relaxed some lockdown regulations, such as the re-opening of spaza shops, including informal food traders. Close relatives of deceased persons are now also allowed to travel between provinces to attend funerals. Night vigils are still not permitted. No more than 50 people are allowed to attend a funeral. This […]

Minister Patel signs new regulations, establishes toll-free hotline to report hike prices

SABC News writes that Trade and Industry Minister, Ebrahim Patel, says a toll-free hotline has been established to report individuals or companies that hike the prices of products such as facemasks, gloves and hand sanitisers amid the coronavirus outbreak. The Competition Commission is investigating 11 companies for heavily increasing the prices of items. President Cyril […]