Economic problems: 1,800 people might be fired at Game by Mass Mart
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Video: Hamas attack on Israel: Is this a Life or Death fight for the existence of Israel?
Some South African supporters of Loving Life asked for my opinion of this war in Israel and what it could lead to. This is my analysis of the Middle East and what I think about this war between Israel and Hamas. I also look at the Syrian Civil war and we take a look at ALL the Arab/Muslim nations from Egypt to Iran and what threats they might pose to Israel. I also discuss American and Russian military power in the region. Can the region go nuclear? I go into quite a lot of political and military analysis of this conflict.
Retailer Massmart Holdings has started talks with unions to cut up to 1 800 jobs at the company’s struggling Game stores as constrained spending and the new coronavirus weigh on performance, the company said on Tuesday.
Majority-owned by Walmart and operator of supermarkets and wholesalers such as Makro and Game, Massmart said talks began after it assessed the efficiency of the stores.
Massmart said it was implementing a new operating model at Game after its “indifferent performance in the 2019 financial year” and the negative impact of trading restrictions because of the pandemic on sales.
The company said it would not close any of its Game stores, however.
Game, a general merchandise chain, has been a drag on group profit as financially-constrained customers prioritise spending on non-durables, such as food, over spending on goods such as appliances.
Massmart earlier in the year said it would cut costs and restructure into wholesale and retail units, but the impact of the virus has accelerated some of the turnaround strategies.
The group lost R4.6 billion in sales during a strict nine-week lockdown.
The potential job cuts would represent around 3% of Massmart’s total workforce.
Job cuts are a politically-sensitive issue in South Africa, where unemployment stands at around 30%.
Game joins some of the country’s big firms such as steel producer ArcelorMittal South Africa Ltd, food producer Tiger Brands and third-biggest telecom operator Cell C, which have already announcing plans to cut jobs.
Source: https://www.moneyweb.co.za/news/companies-and-deals/massmart-says-1-800-game-jobs-at-risk-2/
S.Africa: Survey: Its not unusual for married Black men to have sex with other men
In much of Africa sex with men is despised. But in S.Africa it‘s not. FORGET about the other woman a fair number of married men in South Africa are getting their kicks in secret with other men.
