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]

Big-brand Edgars acquisition puts Retailability in the limelight

29 Sep 2020 /  Suren Naidoo   3
The group’s CEO previously worked for Massmart, Mr Price – and even Edcon.

How South African companies are battling the pandemic and recession

18 Sep 2020 /  Roxanne Henderson, Janice Kew, Felix Njini and Loni Prinsloo, Bloomberg    1
How companies in key industries have coped with the unprecedented crisis.

Stocks trim best week since June; Richemont gains

11 Sep 2020 /  Adelaide Changole, Bloomberg   1
Foreigners were net buyers of South African stocks for a second day Thursday.

Stocks ride currency boost as FirstRand leads rally

9 Sep 2020 /  Adelaide Changole, Bloomberg  
The resurgent rand drove the index of banking stocks 7.8% higher.

What the movers and shakers have been up to

7 Sep 2020 /  Ann Crotty   2
A onetime force in the South African business community passes.

Mitch Slape makes R8.18m investment in Massmart

3 Sep 2020 /  Suren Naidoo   15
Move seen as a vote of confidence by the group’s most senior exec.

Massmart doesn’t plan to close Game stores or sell Masscash

28 Aug 2020 /  Suren Naidoo   2
Group maintains its turnaround is still on track even in the face of Covid-19.

Massmart reports double-digit fall in interim sales

27 Aug 2020 /  Ryk van Niekerk  
'I'm mostly happy that the business has emerged from a really challenging set of circumstances. The results are indicative that there is good progress being made' - Mitch Slape, CEO of Massmart.

Massmart ups cost-saving target as loss widens

27 Aug 2020 /  Nqobile Dludla, Reuters  
Eyeing savings of R1.9bn as headline H1 loss widens to R1.1bn.

Massmart warns of wider loss due to Covid-19

20 Aug 2020 /  Nqobile Dludla, Bloomberg  
Adding cost-savings were beginning to deliver results.

Retail stores emptier than expected after bans lifted

19 Aug 2020 /  Melitta Ngalonkulu   21
Could consumers be cash-strapped due to job losses?

Edcon to sell stake in Edgars to rival retailer

7 Jul 2020 /  Loni Prinsloo and Janice Kew, Bloomberg   1
Administrators say rescue plans for other parts of Edcon are at an advanced stage.

Where are the risks lurking on the JSE?

29 Jun 2020 /  Hilton Tarrant    3
The most financially stressed small and mid-cap companies …

Ramaphosa warns of more job losses

22 Jun 2020 /  Felix Njini and Prinesha Naidoo, Bloomberg    22
As the pandemic and subsequent lockdown batters the economy.

Rights issues, competition issues, and a food fight

22 Jun 2020 /  Ann Crotty  
It’s probably a good idea for corporates to be close to the front of what could become a very long queue.

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