Woolworths releases interim results

Business

Johannesburg – One of South Africa’s food and clothing giants has cautioned that rising food prices will bring challenges.

Woolworths released its interim results on Wednesday.

It reported massive growth in online sales of over 22%.

The food business grew its turnover and store sales by 3.8%.

However, it said while South Africa’s economy is showing signs of a post-pandemic recovery, high unemployment, rising inflation and interest rates, will affect consumers.

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