South African retailer Woolworths to spend over $500 mln in capex to 2026 – ET Retail
Johannesburg: South African retailer Woolworths said on Wednesday it planned to spend 10 billion rand ($538 million) in capital expenditure over the next three years as it seeks to strengthen margins. The capex will be aimed at capacity enhancement and improved customer experience, the food and fashion retailer’s Head of Finance Zaid Manjra told analysts….