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Woolworths delivers double-digit profit growth in SA, in tough macro-economic environment; SARS pursues Sasfin for billions in Gold Leaf Tobacco money laundering scandal

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Woolworths SA’s CEO Roy Bagattini takes Bruce Whitfield through the company's annual results. The retailer reported strong growth with a 5.4% increase in turnover, driven by a standout performance in the Food business. Despite economic challenges, Woolworths SA is making progress against its strategies, supported by a bolstered balance sheet from the sale of David Jones. They plan to reinvest R10 billion over three years to accelerate growth initiatives.

 

Pauli Van Wyk, journalist with Scorpio at Daily Maverick on SARS  pursuing billions from Sasfin over a Gold Leaf Tobacco money laundering scandal. The revenue service alleges Sasfin Bank aided in moving R8.2 billion in untaxed funds out of the country with the help of 11 employees, despite warnings about lax controls.

 

For our shapeshifter, we had Michael Fridjhon, International Wine Expert at Wine Wizard 

 

Jancis Robinson describes him as "South Africa's leading wine writer." WINE says he’s South Africa’s most widely consulted liquor industry authority. Michael Fridjhon is widely recognized as South Africa’s foremost wine taster and wine judge. With over four decades' experience in every segment of the industry, show chairman on three different continents and on more than 20 occasions, author, co-author or contributor to more than 40 books including the Oxford Companion to Wine, the Global Wine Encyclopaedia and the John Platter Wine Guide - he brings unparalleled judgement and experience to the task of reviewing a wine and its potential. His notes are the best and safest guideline available to collectors and consumers of Cape wines.

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