Monday, 12 October 2026

Boxer Retail's interim results to 30 August show trading profit up 8% to just over R1 billion and turnover up 6.3% to R24.1 billion, with its 600th store opened.

Boxer CEO Marek Masojada is planning his exit after 33 years. Justin Galloway, a chartered accountant with the group since 2012, has been appointed as his successor.

Boxer warned that fuel prices will stay higher for longer, adding to its cost base, and described its outlook for the second half of the year as cautious.

Tongaat Hulett is set to be delisted from the JSE on 3 November after its shares were suspended, and analyst Dave Woolman says the business rescue has become a managed liquidation.