Woolworths donates surplus food to 890 local charities across South Africa, every day
Experts say the company’s stock had long lost
its value, rendering its delisting immaterial
Walmart buying the remaining shares of Massmart would give the struggling retailer financial and operational support to help turn it around, the group said
The increase in e-commerce is driving the demand in storage and distribution space, it will also hurt bricks and mortar retail in the long run
Walmart bought Massmart in 2011 and over the past 10 years the share price of the group has decreased by 80%.
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
The Competition Commission inquiry into the grocery retail sector goes beyond exclusive property clauses.
The retailer has thrown in the towel after several failed attempts to improve performance in the north African country.
SA food and goods wholesaler Massmart says sales growth has decreased during the first half of the year amid a downturn in consumer spending.
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.
Fund managers are divided over South African retail shares, which have outperformed resources by 20%.
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.
The government’s interference in the Walmart merger with Massmart will jeopardise future foreign investment, says the Inkatha Freedom Party.
The government has roundly welcomed the ruling on the Walmart/Massmart merger and appears unlikely, at present, to take the matter to court.
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.
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/ 21 February 2012
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.
Finance Minister Pravin Gordhan says there will be more certainty about foreign direct investment in South Africa within the next year.
The Supreme Court of Namibia has backed the decision by competition authorities to impose conditions on Walmart’s purchase of SA retailer Massmart.
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/ 3 November 2011
The Shoprite Group continues to lead the pack but the other retailers are pulling out all the stops.
Saccawu says Walmart could pursue its "anti-union philosophy" if its merger with local retailer Massmart goes ahead in its current form.
Blame for the high cost of filling one’s trolley cannot be laid at the retailers’ door
The appeal for a review of the merger between US retailer Walmart and local company Massmart is groundless, say counsel for the merging firms.
The state is set to appeal for a review of the Massmart-Walmart merger today, arguing the deal will have a potentially devastating effect on jobs.
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/ 17 October 2011
Cosatu and Saccawu have announced their intention to embark on "mass pickets" at the Walmart-Massmart appeal hearing in Cape Town this week.
Perspectives on the desirability of Walmart’s entry into South Africa continue to differ wildly.
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/ 11 October 2011
Massmart and the South African Bureau of Standards have signed an agreement to help small businesses improve their product quality.
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/ 10 October 2011
Saccawu wants Walmart and Massmart to increase their planned fund to support SA suppliers from R100-million to at least R500-million.
Walmart’s SA unit Massmart is ready to push down prices and sacrifice margins in pursuit of a bigger market share, its CEO has said.
The DA says the state is overrating the risks the Walmart-Massmart merger poses, while the companies await Competition Appeal Court proceedings.
Government says Walmart’s takeover of Massmart poses a risk to the economy if more stringent conditions are not applied to the merger agreement.
The government remains concerned that the Walmart-Massmart merger will lead to job losses or will stifle job creation, Jimmy Manyi has said.