The move may provide a short-term economic boost, but it also has long-term health costs
Changed market conditions and an appalling economy has hit low end cash-and-carry outlets
Years after expecting they will get their jobs back, scores of Massmart workers remain unemployed.
The Wal-Mart-owned retailer Massmart has missed profit estimates as a result of disappointing performance from Game.
While other retailers battle with slow growth, Massmart has announced its earnings gained as much as 37% last year.
Hoping to maximise on demand for retail shopping and shore up losses felt in other countries at the same time, Carrefour SA is moving into Africa.
Massmart Holdings CEO says the South African retailer majority owned by Walmart plans to open 23 new stores in the next eight months.
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/ 17 January 2011
Massmart shareholders on Monday voted in favour of global retailer Walmart’s offer to acquire 51% of the local business, according to reports.
Massmart Holdings has been served with strike notices for protected protest action on Friday, Saccawu said on Wednesday.
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/ 11 October 2007
In Japan, the Japanese run the economy, so in Africa, why aren’t the Africans running the economy? Minister of Science and Technology Mosibudi Mangena asked on Thursday. He was addressing delegates and corporate representatives at the 40th annual Black Management Forum at the Sandton Convention Centre.