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Ann Crotty on Muck Rack

Ann Crotty

South Africa
As seen in: Currency News Za, MyBroadband, Sunday Times, TimesLIVE, AllAfrica, The Citizen (South Africa), Bizcommunity, Daily Maverick, TechCentral, BusinessLIVE, Business Day and
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Articles

Inside Pick n Pay’s desperate labour deal

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By Ann Crotty
| fm.co.za
In a desperate bid to secure jobs, Pick n Pay workers have agreed to an unprecedented wage freeze during financial 2028. Allowing for inflation this means workers at the country’s second largest grocery retailer will suffer a reduction in real wages for the year beginning 1 March 2027. This is just one of the many concessions the group’s shop stewards were forced to accept to avoid retrenchments of any of the group’s 22,000 workers.
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Premier, shareholder and CIPC make peace over AGM debacle

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By Ann Crotty
| fm.co.za
It doesn’t often happen but in the case of Premier Group’s annual general meeting, it has. Each of the three parties to a spat over the conduct of that AGM — the company Premier, the activist shareholder Active Share and the regulator the Companies and Intellectual Properties Commission (CIPC) — has emerged with their reputation enhanced and all seem reasonably happy with the outcome. Full marks to all three. So, here’s what happened.
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On the JSE naughty list

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By Ann Crotty
| fm.co.za
It’s not every day the JSE hands out a censure; in fact, it’s almost never. Well, to be precise our bourse has dished out just 36 censures since January 2022. That’s 36 in almost five years. Not much when you consider the huge number of regulations the JSE monitors. Over the five-year period the number of listings fell to about 250 from 300. In general, delistings have minimal impact on the number of censures. But there is one specific exception.
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