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…

EXPLODING MYTHS, GIVING DIRECTION

President Ramaphosa’s second State of the Nation address (SONA) last week exploded several myths and shone some light on his approach to government. MYTHS EXPLODED The first myth was that government will not tackle anything substantial before the election. In the teeth of open opposition from trade unions – of which one, the National Union…