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.

Press Releases

South Africans unsure of what to expect in 2020

Almost half (49%) of South Africans, 15 years and older, agree or strongly agree that they view 2020 with optimism.

KZN teacher educators jet off to Columbia University

A group of academics were selected as participants of the programme focused on PhD completion, mobility, supervision capacity development and the generation of high-impact research.

New-style star accretion bursts dazzle astronomers

Associate Professor James O Chibueze and Dr SP van den Heever are part of an international team of astronomers studying the G358-MM1 high-mass protostar.

2020 risk outlook: Use GRC to build resilience

GRC activities can be used profitably to develop an integrated risk picture and response, says ContinuitySA.

MTN voted best mobile network

An independent report found MTN to be the best mobile network in SA in the fourth quarter of 2019.

Is your tertiary institution is accredited?

Rosebank College is an educational brand of The Independent Institute of Education, which is registered with the Department of Higher Education and Training.

Is your tertiary institution accredited?

Rosebank College is an educational brand of The Independent Institute of Education, which is registered with the Department of Higher Education and Training.

VUT chancellor, Dr Xolani Mkhwanazi, dies

The university conferred the degree of Doctor of Science Honoris Causa on Dr Xolani Mkhwanazi for his outstanding leadership contributions to maths and science education development.