Wal Mart

Massmart profit dragged down by Game stores

The Wal-Mart-owned retailer Massmart has missed profit estimates as a result of disappointing performance from Game.

Grocers trade at lowest in three years as profits stall

Food retailers are trading at the cheapest premium to the nation’s benchmark stocks index as economic factors curb their profit growth.

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.

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.

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.

Court dismisses government’s Walmart appeal

The Competition Appeal Court has dismissed the state's appeal against the Walmart-Massmart merger, but acknowledged legitimate concerns over the deal.

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.

All eyes on SA, Walmart appeal

Whether Walmart succeeds in buying a controlling share of a major SA chain could affect whether other Americans come to do business on the continent.

India’s plan to bring in Western retailers sparks fury

Small traders in India have planned demonstrations over the state's plan to give companies such as Tesco access to the Indian market.

Riotous crowds mar US Black Friday shopping

Black Friday turned into mayhem as riotous crowds brawled over video games, waffle irons and towels, drawing international condemnation.

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