Latest articles on Massmart

Pepsi’s Pioneer acquisition is not healthy

Article Safura Abdool Karim - 27 Feb 2020

The move may provide a short-term economic boost, but it also has long-term health costs

Mass store and job cuts at Massmart

Business Tshegofatso Mathe - 17 Jan 2020

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

Giant retail grocers in new probe

Article Thalia Holmes - 18 Jun 2015

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

Woolworths to close Nigeria stores

Article Staff Reporter - 7 Nov 2013

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

Article Staff Reporter - 22 Aug 2013

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

Article Lynley Donnelly - 6 Sep 2012

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

Article Maya Fisher French - 10 Aug 2012

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

US union lent a hand in Walmart battle

Article Staff Reporter - 11 Apr 2012

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’

Article Lynley Donnelly & Sapa Afp - 10 Mar 2012

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

Article Lynley Donnelly - 9 Mar 2012

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

Article Staff Reporter - 6 Mar 2012

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%

Article Staff Reporter - 21 Feb 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.

Gordhan predicts improved foreign investment

Article Staff Reporter - 14 Nov 2011

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

Namibian court issues strict conditions on Walmart

Article Staff Reporter - 4 Nov 2011

The Supreme Court of Namibia has backed the decision by competition authorities to impose conditions on Walmart's purchase of SA retailer Massmart.

Big five fight for food market share

Article Staff Reporter - 3 Nov 2011

The Shoprite Group continues to lead the pack but the other retailers are pulling out all the stops.

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