Massmart

Mass store and job cuts at Massmart

Changed market conditions and an appalling economy has hit low end cash-and-carry outlets

Giant retail grocers in new probe

The Competition Commission inquiry into the grocery retail sector goes beyond exclusive property clauses.

Woolworths to close Nigeria stores

The retailer has thrown in the towel after several failed attempts to improve performance in the north African country.

Wal-Mart’s Massmart sales growth slows as spending drops

SA food and goods wholesaler Massmart says sales growth has decreased during the first half of the year amid a downturn in consumer spending.

Walmart not making massive dent

The company has not proved to be the hungry giant the competition had feared and it will take more time to feel Walmart's muscle.

Retail resources in race for returns

Fund managers are divided over South African retail shares, which have outperformed resources by 20%.

US union lent a hand in Walmart battle

According to reports, a US union paid legal fees for a local union to fight US retail giant Walmart's acquisition of local retailer Massmart.

‘Government should have stayed out of Walmart merger’

The government's interference in the Walmart merger with Massmart will jeopardise future foreign investment, says the Inkatha Freedom Party.

Walmart merger outcome widely welcomed

The government has roundly welcomed the ruling on the Walmart/Massmart merger and appears unlikely, at present, to take the matter to court.

Namibia gives Walmart merger the nod

Namibia's trade and industry minister is giving Walmart's Massmart takeover the nod, provided it does not cut job within the first two years.

Shoprite’s first-half profits up by nearly 20%

Africa's largest food retailer has reported a healthy rise in first-half profits, which they have partly attributed to higher prices and better wages.

Gordhan predicts improved foreign investment

Finance Minister Pravin Gordhan says there will be more certainty about foreign direct investment in South Africa within the next year.

Latest

Focus on FW de Klerk distracted attention from the troubling state of the nation

Some political analysts say President Cyril Ramaphosa is taking too long to mend the country, others says it is the ANC itself that must be fixed

Eastern Cape MEC orders graft investigation after two workers killed at troubled district municipality

The killing of two council workers at the Amathole district municipality appears to be linked to tender fraud and corruption

South Africans stuck in China are desperate to escape coronavirus ‘prison’

But the department of international relations and co-operation claims they are comfortable and taken care of 

Press Releases

Response to the report of the independent assessors

VUT welcomes the publishing of the report of the independent assessors to investigate concerns of poor governance, leadership, management, corruption and fraud at the university.

NWU student receives international award

Carol-Mari Schulz received the Bachelor of Health Sciences in Occupational Hygiene Top Achiever Award.

Academic programme resumes at all campuses

Lectures, practicals, seminars and tutorials will all resume today as per specific academic timetables.

Strategic social investments are a catalyst for social progress

Barloworld Mbewu enables beneficiaries to move away from dependence on grant funding

We all have a part to play to make South Africa work

Powering societal progress demands partnerships between all stakeholders

So you want to be a social entrepreneur?

Do the research first; it will save money and time later

Social entrepreneurship means business

Enterprises with a cause at their core might be exactly what our economy desperately needs

Looking inwards

Businesses are finding tangible ways to give back – but only because consumers demand it