The one positive of this, even if some of it is depressing, is that there'll be life on the other side, writes Adriaan Basson.
The retail pharmacy group says it expects a decrease of over 35% in its headline earnings per share for the six months ended August.
Saftu is supporting unions in preparation for a national shutdown in March next year, as well as a radical workers party which will contest power at the elections.
A video circulating on social media video shows Dis-Chem workers clashing with police in Cape Town's Canal Walk mall. WATCH.
Dis-Chem downplayed the Nupsaw wage strike on Friday, saying a small percentage of employees were participating from the company’s distribution centres as an “opportunistic membership drive” ahead of the festive season.
In its results for the year to end-February 2018, Dis-Chem Pharmacies reported 13.3% growth in group turnover to R19.6bn, boosted by the addition of 21 stores to its chain.
Overberg Asset Management analyst Kirk Swart looks at interesting corporate moves made on the JSE in this week's five shares to watch.
Loss of income and additional costs directly linked to ongoing industrial action at Dis-Chem have amounted to about R50m to date, the group says.
A bus full of suspects was escorted to the Sandton police station after the 105 occupants, alleged to be striking workers, were arrested.
Dis-Chem has made provisions to ensure stores and its distribution centres continue to operate ahead of the busy festive season amid warnings of intensifying strike action.
Gauteng police have used rubber bullets to disperse about 2 000 workers belonging to the National Union of Public Service and Allied Workers, who were protesting outside Dis-Chem's offices in Midrand.
Dis-Chem's share price fell by over 8% after making its debut on the JSE.
Dis-Chem plans to start trading on the JSE as the pharmacy group looks to double its outlets in the next five to eight years.
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