Economic problems: 1,800 people might be fired at Game by Mass Mart
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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?
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/
Video & Audio: Portuguese Angola: RACE WAR: When Whites counter-genocided Blacks
The blacks outnumbered the Portuguese 26:1 in Angola. By the end of the brutal year of 1961, for every 1 white who had been killed, the whites killed 24 blacks! Northern Angola turned into a human desert as the Portuguese killed and chased the blacks out of their territory.
