Dis-Chem Pharmacies has paid its chief executive Ivan Saltzman a total remuneration package of R12.84million for the year to end-February, declining by 21.87 percent compared with R16.43m in 2018, with the group stating profit targets were not met during the year.

Dis-Chem says a strike by employees that lasted nearly five months shaved up to R76.4m off its profits in the year to February.

Spar Group has hiked its half-year payout to shareholders by 5.2% on the back of “a strong performance” in the six months to end-March.

Pick n Pay Stores says net profit rose by about a fifth in the financial year to March 3, even as its operations outside SA stumbled.

Pick n Pay, one of South Africa’s largest supermarket chains, yesterday rose after the group reported turnover growth of almost 10 percent in the financial year to the end of March, underscoring the resilience of its South African division, which clawed back market share from competitors.

Massmart reported annual results for the 52 weeks ended 30 December 2018 against the back-drop of a difficult economic environment, characterised by low GDP and wage growth, and constrained consumer confidence.

2018 was a transformational year for the Group, whose interim results were affected by a number of factors. While the first half performance is below expectations it is not a reflection of the fundamental strength of the business.

Excluding new stores, the pharmacy chain’s December sales fell as it battled with supply disruptions. Dis-Chem’s Christmas sales have been hurt by a strike, the pharmacy chain warned in a trading update on Thursday (14/02/2019) morning.

The Spar Group posted an 8.2 percent increase in sales to R36.53 billion for the 17 weeksto January 26, boosted by another significant contribution by its liquor business, which delivered 19.2 percent growth during the period.

Shares slump to biggest one-day drop since 1999. Investors shaved R15bn off the value of Shoprite on Wednesday (30/01/2019) after Africa’s biggest retailer by market capitalisation issued a dire trading warning the previous day.

Just two years after taking over as CEO of Africa’s biggest grocer from long-serving Shoprite CEO Whitey Basson, Pieter Engelbrecht looks set to announce what one analyst described as the group’s worst-ever results, with profits for the six months ended-December expected to be down as much as 36%.

The company says group retail sales grew 7.8% in the 20 weeks to January 13, a slowdown compared to a year before