SBS On the Money: Woolies CEO quits & real wages turn positive

Woolworths CEO Brad Banducci is unexpectedly quitting as the company's food and supermarkets business posts a 5.4% increase in sales amid sector scrutiny. SBS Finance Editor Ricardo Gonçalves looks through the result with MPC Markets Analyst Mark Gardner, plus Westpac's Justin Smirk on the rise in wages and what it means for inflation and interest rates.

Woolworths CEO Brad Banducci is unexpectedly quitting as the company's food and supermarkets business posts a 5.4% increase in sales amid sector scrutiny. Credit: Getty/SBS

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