Sector: Consumer Services
The company is available at Interactive Brokers
Woolworths Holdings Limited (JSE:WHL) is a leading retail group with a strong presence in South Africa and Australia as well as in another 11 countries in subSaharan Africa and in New Zealand.
The Group has 3 major operating divisions:
Woolworths Financial Services (WFS) is a joint venture between Woolworths and Barclays Africa Group, with Barclays Africa Group owning 50% + 1 share. The WFS board is constituted with directors from both WHL and Barclays Africa Group, with direction on credit policy, risk, and funding aspects received from Barclays and direction on customer integration from Woolworths.
Semi-Annual values ($m)
Change (y/y)
FCF ($m)
Net Debt / Cash and Equivalents ($m)
EV / EBITDA
Potential dynamics
South Africa has come up with a novel strategy to protect and expand its already abundant wildlife herds.
2024-03-30 10:02 +02:00
Retailers are not obliged to accept cash as a means of payment, even though it is defined as legal tender.
2024-01-08 10:21 +02:00
A revamped OneCart promises to provide price comparisons between stores – including non-Massmart-owned stores.
2023-09-19 09:47 +02:00
Discovery plans to link South African companies with independent power producers selling renewable energy.
2023-09-06 12:46 +02:00
Woolworths reported a nearly 15% rise in annual profit aided by promotional sales, online growth and lower debt.
2023-08-30 08:28 +02:00
Rand Merchant Bank expects e-commerce adoption in South Africa to achieve “developed market penetration levels” by then.
2023-06-22 15:16 +02:00
Ndia Magadagela, co-founder and CEO of South African EV-as-a-service start-up Everlectric, joins the TechCentral Show to talk about its big Woolworths project and more.
2023-05-24 11:04 +02:00
The most severe power cuts ever experienced in South Africa are threatening food and water supplies and disrupting the lives of millions of people.
2023-01-18 14:40 +02:00
Spar Group on-demand shopping platform, Spar2U, is nearing “critical mass” after expanding to 87 stores, it said.
2022-11-16 09:52 +02:00
Woolworths plans to ramp up its online, on-demand delivery service, its CEO said on Wednesday, as it steps up a turf war with Pick n Pay and Shoprite.
2022-08-31 15:06 +02:00
JSE-listed Woolworths Holdings said almost 15% of its turnover came from online channels in its most recent reporting period.
2021-11-17 17:25 +02:00
A pandemic-led boom in online shopping in South Africa has seen Woolworths report a 118% increase in online food sales in the 52-week period to 27 June 2021.
2021-07-19 06:45 +02:00
It is not yet clear just how extensive the destruction of particularly retail and warehouse property and the looting of stock in the unrest in KwaZulu-Natal and Gauteng was.
2021-07-19 06:08 +02:00JSE:SHP JSE:NED JSE:PPH JSE:CLS JSE:INP JSE:WHL JSE:MRP JSE:SPP JSE:INL JSE:TBS JSE:IPF JSE:MSM JSE:CSB JSE:FBR JSE:MPT JSE:LEW JSE:MST
Panic buying across neighbourhoods in Gauteng has seen popular grocery delivery services such as Checkers Sixty60 and Bottles by Pick n Pay buckle under the load.
2021-07-15 11:17 +02:00
President Cyril Ramaphosa pleaded for calm following days of protests that were triggered by last week’s incarceration of his predecessor and have claimed 10 lives, forced businesses to shut and weakened the rand.
2021-07-12 19:43 +02:00
E-commerce was one bright spot in an otherwise mostly grim set of results from Walmart-owned retail group Massmart for the 2020 financial year ended 27 December.
2021-03-08 12:06 +02:00
Woolworths delivered a more than 58% improvement in headline earnings per share in the 26 weeks ended 27 December 2020, with the retail group benefiting, in part, from a big focus on e-commerce.
2021-02-25 07:18 +02:00
South Africa’s main share index jumped 2.1% as of 10.07am in Johannesburg, setting a fresh intraday record, as Naspers was lifted by a surge in partly owned Chinese online giant Tencent.
2021-01-25 11:47 +02:00
Woolworths on Thursday published its results for the 52-week period ended 28 June 2020 and, despite a slump in earnings caused by the Covid-19 lockdown, online sales spiked higher.
2020-09-17 12:28 +02:00
Woolworths saw online food sales for its South Africa business leap 87.8% in the 52 weeks to 28 June as consumers turned the Internet and shunned stores amid the Covid-19 pandemic.
2020-07-24 08:06 +02:00
Having long lagged behind much of the world in terms of e-commerce, South African retailers have been doing a roaring trade online as consumers shy away from shops during the Covid-19 pandemic.
2020-07-15 15:30 +02:00
In the midst of the Covid-19 lockdown, supermarket giant Pick n Pay is upping the ante in South Africa’s online retail game by launching a same-day grocery delivery service in partnership with Bottles.
2020-04-08 06:18 +02:00
Discovery Bank will start accepting new clients from Monday, three months later than it had anticipated when it unveiled its banking proposition in November.
2019-06-28 06:37 +02:00
South African fashion and food retailer Woolworths will buy a 93.45% stake in pet care retailer Absolute Pets from Sanlam Private Equity and Absolute`s management, it said on Tuesday, stepping up a turf war for the country`s affluent shoppers.
2023-10-31Grocery retailer SPAR Group is exploring potentially importing eggs from several southern African countries as South Africa`s worst outbreak of avian flu hits egg supplies and threatens the supply of chicken meat.
2023-10-05
The South African rand traded slightly higher on Wednesday following several days of weakness as the softening of the U.S. dollar supported risk sentiment.
2023-10-04South African grocery retailers Woolworths and Pick n Pay are limiting the amount of eggs shoppers can buy as the country`s worst outbreak of avian flu hits table egg supplies and threatens the supply of chicken meat.
2023-10-04
South African retailer Woolworths said on Wednesday it planned to spend 10 billion rand ($538 million) in capital expenditure over the next three years as it seeks to strengthen margins.
2023-08-30
South African retailer Woolworths on Wednesday reported a nearly 15% rise in annual profit as promotional sales, online growth and lower debt offset the impact of power cuts in the country and a cost-of-living crisis in its operating regions.
2023-08-30JOHANNESBURG (Reuters) -South African department store chain Woolworths Holdings Ltd reported a 75.1% jump in mid-year earnings on Wednesday but warned of a slower growth second half impacted by the country`s power crisis.
2023-03-01JOHANNESBURG (Reuters) -South Africa`s biggest supermarket group Shoprite reported a 16.8% jump in half year sales on Tuesday, supported by a record Black Friday and festive season as both cash-strapped shoppers and upmarket consumers went after deals.
2023-01-31
South Africa`s biggest supermarket group Shoprite reported a 16.8% jump in half year sales on Tuesday, supported by a record Black Friday and festive season as both cash-strapped shoppers and upmarket consumers went after deals.
2023-01-31
South African fashion and food retailer Woolworths expects half-year earnings to rise more than 20% year-on-year as customers return to its stores, particularly in Australia, following prolonged pandemic lockdowns.
2022-11-16
In South Africa, a country where `braai` all-day barbecuing is a national pastime, plant-based substitutes are making surprising inroads despite a deep cultural love of meat and hostility from the regulator.
2022-11-03U.S. retail giant Walmart Inc. has signed an agreement to begin buying the 47% stake in South African retailer Massmart it does not own, the companies said in a joint statement on Thursday.
2022-09-01Woolworths Holdings plans to open more stores and ramp up its on-demand delivery service, its chief executive said on Wednesday, as it steps up a turf war for South Africa`s affluent shoppers.
2022-08-31
South Africa`s fashion and grocery retailer Woolworths Holdings said on Tuesday annual turnover rose by 1.4%, helped by an improved second half of the year as lockdown restrictions eased, especially in Australia and New Zealand.
2022-07-26
CAPE TOWN (Reuters) -South Africa`s Tiger Brands is co-investing in plant-based food company Herbivore Earthfoods with private equity firm Secha Capital, one of its directors said on Monday, as the food producer forays into the fast-growing plant protein sector.
2022-03-28Spiralling shipping costs and COVID-19 supply chain disruptions are accelerating a shift by South African retailers to end their heavy reliance on Asia and move to source products locally.
2021-11-22
* Inflation will be similar to FY 2021-CFO (Adds price increases)
2021-11-19JOHANNESBURG (Reuters) -South African retailer Woolworths Holdings resumed dividend payouts on Thursday after its annual profit surged and the sale of some Australian properties helped it to cut its debt.
2021-08-26
* Reduced debt significantly (Adds CFO quotes, sales figures from new FY)
2021-08-26South Africa`s Massmart is in advanced talks to buy a controlling stake in grocery delivery service OneCart Pty Ltd as part of a push to grow its e-commerce business, the Walmart-owned retailer said on Wednesday.
2021-08-25
Upmarket South African grocery chain Checkers is testing a store without checkout counters, the first cashierless food store in the country allowing shoppers to walk out without waiting in line to pay.
2021-08-18
South African stocks fell on Thursday, led by mining companies as gold fell to test the pivotal $1,800 support level after hawkish comments from a key Federal Reserve official raised early tapering bets.
2021-08-05South Africa`s big retailers are working round the clock to replenish shelves with food in hundreds of stores looted this week in some of the country`s worst unrest for years, they said on Friday.
2021-07-16
South African hospitality, grocery retail and gym stocks sank on Monday alongside the rand currency after the government tightened COVID-19 restrictions to cope with new coronavirus infections.
2021-06-28JSE:SHP JSE:NED JSE:WHL JSE:SPP JSE:AVI JSE:TSG JSE:MSM JSE:SUI JSE:BAT
South African retailer Woolworths said on Thursday it was expanding its casual and sports leisure wear ranges to reduce reliance on formal wear, after reporting a rise in half-year profit for the first time since 2015.
2021-02-25South African retailer Woolworths said on Thursday it was expanding its casual and sports leisure wear ranges to reduce reliance on formal wear, after posting its first rise in profits for the six-month period ending in December since 2015.
2021-02-25South African retailer Woolworths Holdings Ltd reported a 58.3% jump in first-half profit on Thursday, its first in five years, as sales recovered from the lows at the start of the COVID-19 pandemic.
2021-02-25South Africa`s biggest food producer Tiger Brands said on Wednesday it expected headline earnings from continuing operations to rise as much as 20% in the six months to March 31.
2021-02-17
South African food producer Libstar Holdings Ltd saw a 3.6% rise in revenue in the second half of 2020, it said on Friday, thanks to a strong third quarter as demand from retail clients grew and delays at ports eased.
2021-01-29
* Strong results from retailers hint worst is over (Updates with shares prices)
2021-01-25South African retailer Woolworths Holdings Ltd said on Monday it expected its first-half headline earnings per share (HEPS) to jump 50-60%, boosted by improved business environment in the final six weeks of the period.
2021-01-25Unilever has agreed to pull all its TRESemmé haircare products from South African retail stores for 10 days as a show of remorse for a "racist" ad, the consumer group said in a joint statement with an opposition political party.
2020-09-10
South Africa`s Dis-Chem Pharmacies has joined a growing list of retailers removing TRESemmé products, a Unilever Plc brand, from their shelves after a hair advertisement was accused of being racist.
2020-09-10
South Africa`s rand was set to end the week on a firmer footing, even though its recent rally has been slowed by the return of rolling nationwide power cuts and more signs that the domestic economy remains under pressure.
2020-08-14
South African clothing and furniture retailer Pepkor Holdings said on Friday sales for its fiscal third quarter ended June 30 slumped 17.2% after its stores were shut for some of the period due to a COVID-19 lockdown.
2020-07-24
South African department stores chain Woolworths Holdings flagged a small fall in annual sales after its non-food stores were shut in the second-half of its financial year due to COVID-19 lockdowns.
2020-07-24
* In talks with lenders on debt and covenants (Adds details on restructuring of Australasian property portfolio)
2020-05-27
South Africa`s Growthpoint Properties said on Monday it had provided rent relief to 1,494 small, medium and micro enterprises (SMMEs) hit by a lockdown to contain the coronavirus pandemic.
2020-05-18
South Africa`s government has published a more detailed list of clothing that can be sold in a first phase of easing its lockdown, giving relief to a clothing industry starved of sales.
2020-05-13
South African department stores chain Woolworths is expanding a click and collect drive-through shopping service, joining others in the sector forced to innovate during the lockdown and help consumers get vital supplies.
2020-04-15
South African retailer Woolworths expects profit for the 52 weeks to June 28 to fall more than 20% year on year, hit by a drop in sales owing to measures to prevent the spread of the coronavirus.
2020-04-06
South Africa`s Woolworths Holdings has temporarily closed all Country Road Group stores in Australia for four weeks and will stand down 5,000 employees there who will not be paid during the period in a bid to restrict the spread of the coronavirus.
2020-03-31
South Africa’s biggest supermarket, Shoprite, will limit purchases of some food products and medicines, it said on Thursday, as frantic shoppers stripped shelves to prepare for possible isolation during the coronavirus outbreak.
2020-03-19
South Africa’s biggest supermarket Shoprite will limit purchases of some food products and medicines, it said on Thursday, as frantic shoppers stripped shelves to prepare for possible isolation during the coronavirus outbreak.
2020-03-19
South Africa`s rand slumped to a one month-low on Tuesday, as data pointed to continued weakness in the economy, while a surge in Woolworths Holdings and Old Mutual led stocks higher.
2020-01-14
South Africa`s Woolworths Holdings has appointed Levi Strauss executive Roy Bagattini as CEO, cheering investors keen for a fresh pair of hands to tackle the department chain`s struggling Australian business.
2020-01-14
South Africa`s rand weakened on Monday, pressed lower by weak Chinese export data that dented risk appetite and a fifth straight day of nationwide power cuts by utility Eskom as heavy rains and flooding caused failures at multiple power plants.
2019-12-09JSE:SBK JSE:DSY JSE:CLS JSE:INP JSE:WHL JSE:TFG JSE:INL JSE:ISA
South Africa`s biggest supermarket chains could be forced to drop exclusivity clauses in shopping mall leases if they fail to do so voluntarily, the country`s competition watchdog said in findings from a sector inquiry published on Monday.
2019-11-25
South African supermarket chain Checkers, owned by Shoprite Holdings, is looking to grab a larger share of the growing online shopping market by pioneering a new one-hour grocery delivery service named Sixty60.
2019-11-25
South Africa`s biggest supermarket chains could be forced to drop exclusivity clauses in shopping mall leases if they fail to do so voluntarily, the country`s competition watchdog said in findings from a sector inquiry published on Monday.
2019-11-25
South Africa`s rand firmed in afternoon trade on Monday as the United States and China sought to ease trade war tensions while investors also looked to a slew of domestic economic data later in the week for clues on the health of the economy.
2019-08-26
* Will consider GDP growth, lease negotiations before leaving
2019-08-15
* Expects loss per share of between 92.4 cents and 129.3 cents
2019-08-01
South African department chain Woolworths has pulled the plug on its Ghanaian business after closing its two stores there, in a second retreat from West Africa.
2019-07-31
South Africa`s rand strengthened on Thursday after the chairman of the Federal Reserve set the stage for a U.S. interest rate cut later this month, weakening the dollar and boosting risk appetite worldwide.
2019-07-11
South African department chain Woolworths said on Thursday it had turned around its fashion, beauty and home business after fixing poor product choices in clothing, which had weighed on its sales the previous year.
2019-07-11
South African retailer Pick n Pay Stores Ltd on Friday reported an 18 percent jump in full-year earnings, as price cuts helped it attract highly cost-conscious shoppers and cope with the difficult trading conditions that have hit other retailers.
2019-04-26
* Turnaround at Fashion, Beauty & Home starting to pay off (Adds fashion business)
2019-02-21
South Africa`s rand weakened on Thursday against a broadly stronger dollar as investors prepared for President Cyril Ramaphosa`s state of the nation address (SONA) later in the day.
2019-02-07
South African retailer Woolworths has removed a baby carrier from its shelves, admitting it had "striking similarities" to a product offered by a small boutique retailer.
2019-01-10
South African retailer Woolworths Holdings Ltd reported a 2.7 percent rise in sales for the 20 weeks ended Nov. 12, helped by its local food and Australian businesses.
2018-11-15
South Africa`s rand firmed against a weaker dollar on Wednesday after U.S. midterm elections split Congress, lowering the chance of any major U.S. fiscal policy boost soon.
2018-11-07Shoprite Holdings, South Africa`s biggest supermarket chain, said on Tuesday it would pay customers for reusing its newly introduced recyclable bag as it joined domestic rivals in efforts to curb plastic pollution.
2018-10-23South African department store chain Woolworths Holdings will remove single-use plastic bags from one of its stores during a six-month trial period in a bid to end plastic pollution, it said on Monday.
2018-10-08
South African department store chain Woolworths Holdings is looking to grab a larger share of the rapidly growing online shopping market by allowing customers to order directly from its mobile app.
2018-09-27
