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LATEST NEWS FOR Massmart Holdings Ltd.  

Massmart is a South African-based globally competitive regional management group, invested in a portfolio of differentiated, complementary, focused wholesale and retail formats. These are each reliant on high volumes and operational excellence as the... [more info]
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Zooming in and zoning out on corporate SA

Zooming in and zoning out on corporate SA

25 May 2020 /  Ann Crotty   5
Among other things, the week that was brought about another previously unheard of accounting metric – ‘Ebitdar’.
Massmart sees double-digit sales slide amid lockdown

Massmart sees double-digit sales slide amid lockdown

18 May 2020 /  Suren Naidoo   5
Group reports 'significant impact' on normal trading.
SA probes hundreds of complaints of excessive pricing

SA probes hundreds of complaints of excessive pricing

31 Mar 2020 /  Nqobile Dludla, Reuters   2
It has issued over 100 letters to firms, with varying responses.
Retail landlords face rental troubles over Covid-19 lockdown

Retail landlords face rental troubles over Covid-19 lockdown

UPDATE
30 Mar 2020 /  Suren Naidoo   26
Edcon is not the only worry as other retailers consider not paying rent.
Panic buying forces SA supermarkets to ration food

Panic buying forces SA supermarkets to ration food

19 Mar 2020 /  Nqobile Dludla, Reuters  
SA retailers are saying they are working with their suppliers to ensure a consistent supply
Massmart to close non-performing stores

Massmart to close non-performing stores

19 Mar 2020 /  Tanisha Heiberg and Nqobile Dludla, Reuters   12
23 Dion Wired stores to close today.
‘No need to stockpile’ say retailers

‘No need to stockpile’ say retailers

18 Mar 2020 /  Larry Claasen   25
Local chains ask consumers to buy only what they need.
Demand for masks and sanitisers increases

Demand for masks and sanitisers increases

11 Mar 2020 /  Melitta Ngalokulu  
Creating employment in SA and opening up new global markets.
Rhodes wins contract to export pears to Walmart US

Rhodes wins contract to export pears to Walmart US

10 Mar 2020 /  Melitta Ngalonkulu   4
Ministerial discussions at Davos led to good news for SA foods company.
Employees to get holding in R24.4bn PepsiCo/Pioneer deal

Employees to get holding in R24.4bn PepsiCo/Pioneer deal

6 Mar 2020 /  Ann Crotty   3
Workers’ Trust and workers will get R1.6bn in the group and R600m will be set aside for a development fund.
Employee deal mooted as part of PepsiCo-Pioneer takeover

Employee deal mooted as part of PepsiCo-Pioneer takeover

5 Mar 2020 /  Ann Crotty   2
Tribunal must consider a new legal requirement to give workers shares in the merged company. 
SA companies plan 10 000 job cuts

SA companies plan 10 000 job cuts

UPDATE
3 Mar 2020 /  Prinesha Naidoo, Bloomberg   5
As economy falters.
Massmart’s 2019 annus horribilis

Massmart’s 2019 annus horribilis

28 Feb 2020 /  Suren Naidoo   5
First full-year loss since listing on the JSE in 2000.
Massmart sees first loss since listing on the JSE

Massmart sees first loss since listing on the JSE

27 Feb 2020 /  Moneyweb  
Mitchell Slape – CEO, Massmart
Rand falters as public wage cuts may not save SA’s credit rating

Rand falters as public wage cuts may not save SA’s credit rating

27 Feb 2020 /  Alexander Winning and Nqobile Dludla, Reuters   2
Johannesburg-listed stocks also tumbled, with the Top 40 Index and All-Share Index both closing down roughly 3%.

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