Retailers post strong gains led by turnaround hopes at Pick n Pay
South Africa’s retail stocks had a stellar trading session on Thursday, with Pick n Pay leading the gains with a surge of more than 8%. This is despite the loss-making group facing tense negotiations with its workers over proposed wages and benefits cuts as the group looks to rein in costs.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
2026 © Arena Holdings
Dipula expects a 7%-8% rise in distributable income, says CEO Izak Petersen.
David Keller goes through the technical outlook of this retail stock.
The company hit an all-time high earlier in December, and the stock is up more than 19% — outpacing the S&P 500's 17% advance.
Business Day TV spoke with Andrea Taverna-Turisan, CEO of Equites
Jay Woods touches on potential opportunities in two stocks reporting earnings this week, including a major retail giant.
Walmart shares ticked up 2% on Thursday as analysts noted that the retailer appeared to be sandbagging forward guidance.
