Massmart Holdings
latest news & developments
Pepsi’s Pioneer acquisition is not healthy
The move may provide a short-term economic boost, but it also has long-term health costs
Mass store and job cuts at Massmart
Changed market conditions and an appalling economy has hit low end cash-and-carry outlets
Workers can’t eat Massmart promises
Years after expecting they will get their jobs back, scores of Massmart workers remain unemployed.
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.
Massmart shares up as it anticipates an earnings gain
While other retailers battle with slow growth, Massmart has announced its earnings gained as much as 37% last year.
Carrefour SA teams up with CFAO to expand into Africa
Hoping to maximise on demand for retail shopping and shore up losses felt in other countries at the same time, Carrefour SA is moving into Africa.
Massmart eyes 23 new stores in eight months
Massmart Holdings CEO says the South African retailer majority owned by Walmart plans to open 23 new stores in the next eight months.
Massmart shareholders vote for Walmart deal
Massmart shareholders on Monday voted in favour of global retailer Walmart’s offer to acquire 51% of the local business, according to reports.
Union serves Massmart with strike notices
Massmart Holdings has been served with strike notices for protected protest action on Friday, Saccawu said on Wednesday.
Minister: Why aren’t Africans running the economy?
In Japan, the Japanese run the economy, so in Africa, why aren’t the Africans running the economy? Minister of Science and Technology Mosibudi Mangena asked on Thursday. He was…