BUSINESS MAVERICK: What hope for retail amid the current jobs bloodbath?

Against a backdrop of flat to declining economic growth, closures of major retail stores and job retrenchments, a positive trading update from Shoprite should have had investors racing for stocks. It didn’t, raising questions: Is the picture at Shoprite worse than it looks? Is South Africa’s retail market in dire straits? Are investors so depressed they can’t see an opportunity when presented with one?...

read more...

Published By: dailymaverick - Thursday, 23 January