PIC’s unlisted portfolio under pressure & Woolies delivers growth despite constrained consumer spend

MAR 4, 202671 MIN
The Money Show

PIC’s unlisted portfolio under pressure & Woolies delivers growth despite constrained consumer spend

MAR 4, 202671 MIN

Description

Stephen Grootes speaks to Khaya Sithole Independent Analyst and CA(SA), about the challenges facing the Public Investment Corporation’s unlisted portfolio, a collection of assets valued at over R120 billion that has recently come under intense scrutiny. The portfolio has been dragged down by poor legacy investments and significant impairment charges, prompting the PIC to bring in turnaround specialists to stabilise underperforming holdings. In other interviews, Roy Bagattini, CEO of Woolworths Holdings, talks about the retailer’s latest interim results, which show positive sales growth but continued pressure on profit margins. While turnover rose and the group declared a double-digit dividend increase, gross margins were squeezed by promotional activity, price investment and higher operating costs particularly linked to capacity expansion and conditions in Australia. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show    Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk   For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe   Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc   The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.