South Africa’s largest pharmacy group, Clicks, says it expects trading conditions to remain constrained in the second half of the year. This as consumers continue to be cash-strapped in the low economic growth environment.
In its half-year results, Clicks says this will be compounded by trading disruptions from ongoing electricity outages.
The company notes that it benefited from being the largest private provider of COVID-19 vaccines. It’s administered over three million jabs. Clicks is raising concerns about rising fuel, electricity, security and insurance costs.
The group’s total Sasria settlement for damages in last July’s civil unrest amounted to R710-million, excluding VAT. It says its health and beauty chain was hit hard.
Source: eNCA
In other news – Former The Queen actress Cindy Mahlangu & Bongani Zungu allegedly welcome their newborn baby
Rumors have been making the rounds that Blood and Water actress Cindy Mahlangu, and her boyfriend Bongani Zungu, are expecting a baby together.
According to Blogger Musa Khawula, the couple is said to have welcomed their bundle of joy and we couldn’t be happier. Learn more
