LATEST NEWS FOR Massmart Holdings Ltd.  

The Group comprises nine wholesale and retail chains, and one buying group – 436 stores and 517 buying group members all focused on high-volume and low-cost distribution. Massmart operates in 13 countries in sub-Saharan Africa through the Group’s... [more info]

Massmart CEO slates ‘ridiculous’ rent escalations

24 Feb 2020 /  Suren Naidoo   20
Retail landlords under increasing pressure to reduce rentals or keep increases to a minimum.

Game over for fresh food at Massmart’s biggest chain

20 Feb 2020 /  Suren Naidoo   18
It was South Africa’s leading discount retailer before its costly move into fresh food.

Massmart CEO says not ready to let Game department chain fail

19 Feb 2020 /  Nqobile Dludla, Reuters   1
Fixing the fundamentals will spur an upside in sales, the CEO says.

Bonds, tobacco and health care expected to shine amid the gloom

3 Feb 2020 /  Ciaran Ryan    5
Fund managers surveyed by Bank of America Securities are bullish SA bonds, but bearish cash.

South Africans are losing trust in the state

22 Jan 2020 /  Larry Claasen   39
SA government ranks as the least trusted out of 26 jurisdictions.

Job cuts will depress SA’s limping economy even more

22 Jan 2020 /  Prinesha Naidoo, Bloomberg    13
Unemployment rate at the highest in at least 11 years.

Two weeks into 2020 and already almost 6 000 jobs are on the line

20 Jan 2020 /  Mamokgethi Molopyane   19
Mostly due to politics and poor decisions rather than external factors.

Telkom in talks with 20% of workforce over cuts as economy wilts

16 Jan 2020 /  Loni Prinsloo, Bloomberg   5
Telkom joins Walmart in starting talks with labour unions.

Massmart’s possible downsizing was expected

14 Jan 2020 /  Melitta Ngalonkulu   7
As a result of low GDP and the rise of independent wholesalers.

Massmart feels the pressure

13 Jan 2020 /  Moneyweb   4
However, Just One Lap's Simon Brown says it's currently ‘looking attractive for the long-term investor’.

Massmart lê die lang mes in en sluit verskeie Dion Wired-takke

13 Jan 2020 /  Ryk van Niekerk  
Johan Gouws – hoof van batekonsultante, Sasfin Wealth

Rand soft ahead of data-packed week  

13 Jan 2020 /  Nqobile Dludla, Reuters   
This week's focus will shift to the Sarb's monetary policy meeting on Thursday.

Massmart could cut 1 440 jobs

UPDATE
13 Jan 2020 /  Reuters and Bloomberg   27
Following a review that identified a number of underperforming outlets.

SA’s big supermarkets told to drop exclusivity clauses in mall leases

25 Nov 2019 /  Nqobile Dludla, Reuters    10
At least 70% of shopping malls are subject to exclusive lease agreements, inquiry finds.

Edcon aims to change its fortunes by driving credit sales

30 Oct 2019 /  Suren Naidoo   5
RCS buys its debtors’ book from Absa, which had a ‘conservative’ approach to lending.

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