by Dev_SACCAWU | General
Discount retailer Boxer is performing well, with the company on track for a strong 2026 financial year.
After unbundling from its parent company, Pick n Pay, which retains a majority stake, and listing separately in 2024, Boxer has continued to go from strength to strength.
On Thursday, 5 February 2026, Boxer released a trading update for the 48 weeks ended 1 February 2026.
In this 48-week period, Boxer grew its turnover by 11.9%, and a more muted 3.9% on a like-for-like basis.
In the second half of this 48-week period, which spans 22 weeks ended 1 February 2026, the retailer recorded 9.8% turnover growth, or 2.4% growth on a like-for-like basis.
Boxer said this turnover growth reflects the combined impact of strong growth in September and October 2025, a soft November, and steady improvement in December and January 2026.
It explained that the November performance was the result of a constrained trading environment over the extended Black Friday period, together with a high November 2024 base.
However, as measured by NielsenIQ, Boxer still consistently gained market share throughout the 48-week period.
The retailer also reported that its internal selling price inflation for the period, as measured on a volume-held-constant basis, was -1.0%, compared to -0.7% for the first half of its 2026 financial year.
In addition, Boxer said it is on track to meet its 2026 store rollout guidance. The retailer has undergone an aggressive expansion over the past few years, now operating over 500 stores across the country.
The retailer has set a target of opening 60 new stores on a full-year basis in the 2026 financial year.
Boxer explained that its management team is working to meet its liquor store rollout objectives, in particular, but warned that this remains contingent on securing a number of outstanding liquor licences.
Overall, Boxer expects its sales growth for the 2026 financial year to be somewhat ahead of the reported sales growth for this 48-week period, given the softer February 2025 base.
“On management’s current assessment, Boxer remains on track to meet its FY26 trading profit growth objective,” the retailer added.
Boxer’s 2026 financial year will end on 1 March 2026, with the retailer expected to release its full-year results on 11 May 2026.
Source: https://dailyinvestor.com/retail/118710/pick-n-pays-crown-jewel-is-booming/
by Dev_SACCAWU | General
SACCAWU is proud to announce a partnership with African Bank aimed at providing union members with access to convenient and secure joint account services. This collaboration is designed to promote financial inclusion, responsible banking, and member empowerment. Through this initiative, members can benefit from joint savings opportunities, improved access to financial products, and enhanced support for union-aligned financial wellbeing.
by Dev_SACCAWU | General
As part of our 50th Anniversary celebrations, SACCAWU hosted a Golf Day and Gala Dinner to honour five decades of dedicated service to workers across South Africa. The event brought together comrades, partners, and supporters to reflect on SACCAWU’s remarkable journey since its founding in 1975. Beyond the celebration, the Gala Dinner served as a fundraising initiative to support ongoing programmes that empower workers and sustain the union’s legacy of solidarity and transformation.
by Dev_SACCAWU | General
On 7 October, SACCAWU joined millions of workers across the globe in commemorating the International Day for Decent Work. This day underscores the continuous struggle for fair wages, secure employment, equality, and respect in the workplace. Our members took to the streets, raising their voices for improved working conditions and social justice, reflecting SACCAWU’s unwavering commitment to defending workers’ rights and dignity.
by Dev_SACCAWU | General
OUR TRADITIONS
For fifty years SACCAWU has been at the forefront of organising and fighting for workers in the Retail, Wholesale, Hospitality, Catering and the Financial Services sectors. We remain the largest, most representative, influential and significant union representing workers in these sectors.
Over these decades SACCAWU has won significant protection and improvement for workers, substantial improvements in wages and benefits and greater job security for workers, as well as safe transport. SACCAWU has been a pioneer amongst unions in the country to place issues and challenges faced by women in the workplace squarely on the agenda. It was under the banner of SACCAWU that the first substantial Maternity and Paternity Rights for workers were won and now lead the campaign for childcare, for children of workers.
FIGHT BACK AGAINST BOSSES ATTACKS
However, over the last few years, we have experienced the growing economic downturn, financial crisis, and Covid Pandemic. With these we have witnessed the growth of casualization, the use of labour brokers, extended trading hours, and low wages.
The entry of Walmart and the general Walmartisation of the sector as employers have been on the offensive. Bosses are trying by all means to erode the Union power. This they do by reversing the hard-fought gains made by workers through bitter struggles and enormous sacrifices over many years. They are reducing workers to cheap and extremely exploited labour; as was the case in the dark days of Apartheid.
WORKERS UNITED SHALL NEVER BE DEFEATED!!
REBUILD UNION POWER
Today, employers continuously try to aggressively undermine Unions at all levels. And, unless we rebuild our Union, recruit new members, strengthen shopfloor structures, build unity within and between different workplaces and companies, the bosses will get what they always wanted: A cheap, unorganised, disunited and ready-for-super exploitation workers.
JOIN SACCAWU
SACCAWU has achieved much for workers over the years; the improvement of average minimum wages; full parental rights, including paid maternity and paternity leave; negotiated social benefits, including SACCAWU National Provident Fund, medical aid, funeral scheme and other benefits.
While we have achieved a lot, much more is possible and necessary to stem the tide of bosses’ attacks on workers. We will never win at the boardroom table what we cannot win in the streets. We can win nothing on the streets unless we strongly organise!
CONTACT US: NATIONAL OFFICE
Tel: (011) 403 9333
Email: mpho@saccawu.org.za
HEAD OFFICE
by Dev_SACCAWU | General
BL Premium reports that consumer inflation accelerated slightly to an annual rate of 3% in December from 2.9% a month earlier, reinforcing expectations of a 25 basis point interest rate cut at the Reserve Bank’s Monetary Policy Committee (MPC) meeting next week. Month-on-month inflation as measured by the consumer price index (CPI) accelerated by 0.1%, reflecting mild upward pressure in the final month of the year. The numbers were better than expected as economists had forecast an increase of between 3.1% and 3.2% year-on-year and a monthly rise of 0.2% to 0.3%. Wednesday’s data from Stats SA highlighted persistent pressures from housing and food costs, though the overall rate is at the bottom of the Bank’s 3%-6% target range. Annual inflation for food and nonalcoholic beverages stood at 2.5%, while the annual inflation rate for housing and utilities was 4.4% reflecting the upward trend in rentals and utility services. Investec chief economist Annabel Bishop commented. “With CPI well below the midpoint of the inflation target of 4.5% year-on-year, and likely to remain so for the rest of this year and most of the first half of next year, the MPC is still expected to trim interest rates this month, by 25 basis points.”
Read the full original of the report in the above regard by Jana Marx at BusinessLive (subscriber access only<). Read too, SA inflation rate remains favourable despite fuel price hikes, at The Citizen
