Massmart

South Africa's Shoprite Expects Diesel Costs To Remain High

South African supermarket group Shoprite expects diesel costs to operate generators to remain elevated given rolling power cuts, pressuring its margins, bu...

Walmart Agrees To Buy Remaining Stake In South Africa's Massmart

US retail giant Walmart Inc has signed an agreement to begin buying the 47% stake in South African retailer Massmart it does not own, the compani...

Walmart Offers To Buy South African Retailer Massmart

US retail giant Walmart Inc has launched a 6.4 billion rand ($377.6 million) offer for the 47% of Massmart shares it does not already own, a deal Massmart...

South Africa's Massmart Flags Wider Annual Loss Of R1.6bn

South African retailer Massmart Holdings has flagged a wider annual loss for its financial year to 26 December 2021, impacted by damage to its stores and l...

South Africa's Massmart In Talks To Buy Grocery Service OneCart

South Africa's Massmart is in advanced talks to buy a controlling stake in grocery delivery service OneCart Pty Ltd as part of a push to grow its e-commerc...

Massmart Sells Most Food Assets To Shoprite For €76m

Massmart is selling its non-core food assets to rival Shoprite Holdings for 1.36 billion rand (€76 million) to focus on businesses with high returns,...

South Africa's Massmart Posts Lower Sales From COVID-19 Curbs

South African retailer Massmart posted lower nine-month sales due to COVID-19 restrictions, which included a 1.1 billion rand hit from the reintroduction o...

South Africa's Massmart Ups Cost-Saving Target As Loss Widens

South African retailer Massmart Holdings Ltd has raised its three-year cost saving target to 1.9 billion rand ($113 million) as it seeks to halt...

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Massmart

South Africa's Shoprite Expects Diesel Costs To Remain High

Walmart Agrees To Buy Remaining Stake In South Africa's Massmart

Walmart Offers To Buy South African Retailer Massmart

South Africa's Massmart Flags Wider Annual Loss Of R1.6bn

South Africa's Massmart In Talks To Buy Grocery Service OneCart

Massmart Sells Most Food Assets To Shoprite For €76m

South Africa's Massmart Posts Lower Sales From COVID-19 Curbs

South Africa's Massmart Ups Cost-Saving Target As Loss Widens

South Africa's Massmart Says 1,800 Game Jobs At Risk

Massmart's Sales Hit By South Africa's Coronavirus Lockdown

South Africa's Massmart To Close Non-Performing Stores

Massmart CEO Says Not Ready To Let Department Chain Fail

South Africa's Massmart Forecasts Annual Loss, Plans To Reorganise Business

South Africa's Massmart Could Cut 1,440 Jobs

South Africa's Massmart Falls To H1 Net Loss As Costs Rise