Massmart

 
Giant retail grocers in new probe
Giant retail grocers in new probe
The property industry has welcomed details published by the Competition Commission about an intended wide-reaching probe into the grocery retail...
Woolworths to close Nigeria stores
Woolworths to close Nigeria stores
South African food-and-clothing retailer Woolworths Holdings plans to close its three stores in Nigeria because of high rental costs, duties and...
Wal-Mart’s Massmart sales growth slows as spending drops
Wal-Mart’s Massmart sales growth slows as spending drops
Massmart Holdings, the South African food and goods wholesaler owned by Wal-Mart Stores, said sales growth slowed down. Sales advanced 8.9% to...
Walmart not making massive dent
Walmart not making massive dent
Shortly after Walmart's purchase of local retailer Massmart was announced, Shoprite chief executive Whitey ­Basson famously declared that if...
Retail resources in race for returns
Retail resources in race for returns
A significant valuation gap has been developing in equities between the retail sector and resources. According to Alexander Forbes's Global Large...
Lamberti still man of the masses
Lamberti still man of the masses
Mark Lamberti has moved from retail to financial services and believes there are some similarities between the two.
US union lent a hand in Walmart battle
US union lent a hand in Walmart battle
A US union paid legal fees for a local union to fight US retail giant Walmart's acquisition of local retailer Massmart, according to a report on...
'Government should have stayed out of Walmart merger'
'Government should have stayed out of Walmart merger'
The government's interference in the Walmart merger with Massmart would jeopardise future foreign investment, the Inkatha Freedom Party said on...
Walmart merger outcome widely welcomed
Walmart merger outcome widely welcomed
The government on Friday roundly welcomed the Competition Appeals Court's ruling on the Walmart/Massmart merger and appeared unlikely, at present, to take the matter to...
Namibia gives Walmart merger the nod
Namibia gives Walmart merger the nod
Namibia's trade and industry minister is giving Walmart's takeover of Massmart Holdings approval, provided it does not lead to job losses within...
Shoprite's first-half profits up by nearly 20%
Shoprite's first-half profits up by nearly 20%
Africa's biggest food retailer Shoprite reported an 18.6% rise in first-half profits on Tuesday. This was helped by higher prices, a favourable...
Gordhan predicts improved foreign investment
Gordhan predicts improved foreign investment
There will be more certainty about foreign direct investment in South Africa within the next year, Finance Minister Pravin Gordhan said on...

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