Retailers in for a cold, dark winter
Pick n Pay, Woolworths and Shoprite among retailers facing added cost burden of power cuts, with stage 8 load-shedding likely
08 May 2023 - 19:40
Food retailers are in for a tough winter as load-shedding is expected to increase, further adding to the cost of keeping produce cold and cutting into profit.
Much has been said about how small businesses such as restaurants cannot withstand the cost and frequency of outages, but if there is any doubt just how bad load-shedding is for big businesses, Pick n Pay’s full-year 2023 results released last week make it clear...
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