The Public Investment Corporation (PIC) has made a bold move by buying a 20.248% share in Woolworths, making it the biggest owner of this beloved South African retail brand. This investment is not just about money; it aims to help Woolworths during tough times while supporting the country’s economy. Woolworths stores are known for their bright, welcoming atmosphere and highquality products, making shopping a pleasure. However, the company faces challenges, especially with its Country Road brand struggling financially. Despite these bumps in the road, PIC’s backing shows a strong belief in Woolworths’ potential to bounce back and thrive.
South African retailer Woolworths’ Pride Month campaign has sparked mixed reactions on Twitter. While some users applauded the company’s initiative, others criticized it for being “woke” and warned of possible financial consequences, citing similar incidents with DisChem and Target. Despite the backlash, the campaign has also garnered significant support from social media users.