Companies and Deals

The CEO wrote a heartfelt letter to staff Thursday morning informing them about her departure.

Group declares dividend as revenue grew by 16.6% to R6.974bn.

Initiative is part of the retailer’s sustainability strategy, as it looks to halve food waste by 2030.

Currently COO, she will take over from Alan Pullinger.

Group says the net proceeds from the sale will be distributed to its shareholders.

Part of up to R5bn investment to mitigate load shedding.

Expresses concern about reduced investment choice because of the spate of JSE delistings.

With Standard Bank as joint financier of $325m loan package.

Local bird flu outbreaks raise concerns about food security.

The retailer will begin trading on the platform on 10 October 2023.

Promising a significant boost for the local automotive industry and jobs.

Bringing the former CEO back shows the board’s desperation.

Sipho Pityana says the Prudential Authority interfered in the Absa board’s decision to appoint him chair of the banking group. The high court agrees that proper processes were not followed.

The board believes Sean Summers can steer the retailer back to its glory days of dominance in the grocery retail space.