Woolies shareholders live dangerously as retailer teeters on edge of oblivion

Here’s a scary assessment of the financials of a company that was once a stock market darling and desirable blue-chip investment. Woolworths (JSE: WHL), affectionately known by the locals as Woolies, is in trouble after mis-steps on the global expansion trail. As seasoned analyst Ryk de Klerk highlights, Woolies bosses decided to reduce the company’s dependency on the shrinking…

Trouble at Cell C, CEO publishes open letter on Wednesday evening

The troubles facing financially distressed mobile operator Cell C have taken a dramatic turn. TechCentral received the following open letter from CEO Douglas Craigie Stevenson on Wednesday evening, published below in full. Staff reporter  /  Moneyweb 11 July 2019 08:43 Cell C has appointed Deloitte as independent financial restructuring advisors to assist in ‘optimising business processes’. Picture:…