Massmart

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.