If the festive season was cause for celebration on the JSE, January was the I’m-too-old-for-this hangover that few people expected. Truworths was the final straw, giving the sector another major knock to close out the month.
Truworths is down by almost 16% since the start of the year and some of the other big names are just as bad, like The Foschini Group, which is down by 15%, and Mr Price, which is down by more than 14%.
The Woolworths share price was given a parachute by the solid performance of Woolworths Food, so that’s down by “only” 6% this year. Pepkor hasn’t even released an update this year, yet it is down by more than 10% as the market panicked about the sector in general.
Continue reading the full article on Daily Maverick
Daily Maverick is a unique blend of news, information, analysis and opinion delivered from our newsrooms in Cape Town and Johannesburg, South Africa. There are many ways to describe exactly what we do (and for the price of a cup of coffee we’re capable of talking your ears off about it), but the best way to understand the end result is to experience it. Every part of Daily Maverick is free-to-air and no payment is required, although free registration is required for a small subset of functions and pages.
Daily Maverick is run by an independently owned, private company with no affiliation to any other media group (or political party or religious organisation.) Follow Daily Maverick on Twitter at @dailymaverick.
Go to: https://www.dailymaverick.co.za/
| Assistant Store Manager | Cape Town | Mambo's Storage & Home | 4 Sep |
| Supervisor | Pretoria | CUM BOOKS | 1 Sep |
| Buyer - Outdoor footwear | Cape Town | Cape union mart | 17 Jan |
| More jobs | |||
