Chart: S.Africa: WHITE BOYCOTT: Jewish owned Dischem’s share price drops by R1.9 billion ($109 million) after No Whites Letter
Video: APARTHEID: Why didnt White South Africans just slaughter MILLIONS of Blacks?
In this video we look at Apartheid in its proper context. Was Apartheid really intended to be VIOLENT? Were the Whites trigger-happy and keen to just slaughter Blacks in great massacres? Is the new South Africa more peaceful than under White rule?
Dis-Chem loses R1.9 billion after no-whites letter
Daily Investor • 15 Nov 2022
Dis-Chem has lost R1.9 billion in value since a leaked letter from CEO Ivan Saltzman revealed a moratorium on employing or promoting white people.
On 19 September, Saltzman released a letter which prohibited the appointment and promotion of white people.
Solidarity CEO Dirk Hermann published the letter on Twitter on 13 October, causing a backlash against Dis-Chem and calls for a boycott against the pharmacy chain.
The company initially stuck to its ban on appointing or promoting white people, saying it regretted the wording and tone of the letter but not its intent.
“We stand by the unequivocal imperative to continue our transformation journey. Equality, diversity, and inclusivity are important throughout Dis-Chem,” it said.
However, after sales suffered and Solidarity threatened legal action, Dis-Chem backtracked on its moratorium.
The company said in a statement that there is “simply no ban on employing and promoting white individuals.”
Dis-Chem CEO Rui Morais confirmed that sales declined after Saltzman’s letter’s publication and the subsequent social media storm.
“We have seen our growth trend reverse from 17 October to 24 October when looking at daily sales numbers following the leaking of the memo,” he said.
Strong results with a short-lived share price rally
On 2 November, Dis-Chem released strong results for the half-year ended August 2022, with earnings per share (EPS) growing 45% and revenue growing 9% to R16.3 billion.
The company declared an interim dividend of R0.28 per share, and investors rewarded the retailer with a big share price increase on the day.
However, during Dis-Chem’s results presentation, it became clear that not all was well at the retailer.
The executives read the results of a script, and they did not take any questions after the session.
The presentation was uninspiring, and the executive team did not build trust that they were energised to grow the company.
Following a short-lived rally on the strong results, the share price started declining as investors started to doubt Dis-Chem’s prospects.
The share price is now trading at lower levels than before the “no whites’ letter placing was published online.
Dis-Chem’s share price fell by almost 7% over the last month. Clicks’ share price, in comparison, increased 5% over the same period.
The share price decline translates into R1.87 billion of wealth destruction.
The exact impact of the letter is difficult to measure, and it may be significantly more or less than R1.87 billion.
What is certain is that the company will struggle to rid itself of the negative connotations associated with the letter.
Source: https://dailyinvestor.com/retail/5470/dis-chem-loses-r1-9-billion-after-no-whites-letter/?utm_source=everlytic&utm_medium=newsletter&utm_campaign=businesstech
Video & Audio: TOP SECRET: WW2s Biggest Tank Battle they never talk about
This was one of my 3 viral videos on Youtube before they quickly killed it. The original video was made in 2016. Look in every history reference book for the biggest Tank Battle that was ever fought and youll find they talk about the Battle of Kursk (or the Kursk Campaign). Heres the greatest tank battle in all of history and the fantastic Wehrmacht won it with ease, even when they faced tanks so new and so advanced that they had never seen these types of tanks before and even when their shells just bounced off the Soviet armour!
