Pick n Pay says the COVID-19 pandemic is likely to hurt its margins this year because of restrictions on the sale of some items.
The retailer delivered full-year turnover growth of 4.7 per cent in a tough trading period. CEO Richard Brasher says the group performed well despite a strained year for the consumer, even before the COVID-19 outbreak.
But the retailer deferred its dividend payout for the year to conserve cash. Brasher says the sales ban on items including liquor, tobacco and clothing will have an impact going forward.
In other news – Uzalo actor Wiseman Mncube talks about being a single Dad
Multi-talented Uzalo actor Wiseman Mncube, has opened up about being a single dad. The actor who portrays the character of Sbonelo on the SABC 1′ popular soapie, recently spoke to Daily Sun about raising his daughter following her moms passing.
The actor who recently won a SAFTA award said, his baby mama died in 2018 and he made a promise to raise his daughter and he is fulfilling that promise. Read more
Source: eNCA
