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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]

Shoprite profit gains as grocery shoppers spend more per visit

7 Sep 2021 /  Bloomberg News   8
Despite drop in customer numbers.

Cashbuild surges over 7% on solid FY performance and hefty dividend

2 Sep 2021 /  Akhona Matshoba   1
Driven largely by home improvement boom linked to pandemic.

Powell signals risk trade is back on

30 Aug 2021 /  Simon Brown   
Sanlam's Nick Kunze talks markets as Jerome Powell kicks the can down the road at the Jackson Hole conference. A look at Bonang Mohale's Serialong Trust as it converts a Purple Group loan into 11.46% shares in the group. Andrew Waller, Grindrod CEO, unpacks results as the commodity and agri booms boost profits.

Nigeria’s UAC to buy minority stake as Tiger Brands exits

29 Aug 2021 /  Chijioke Ohuocha, Reuters  
Other South African companies that expanded into Nigeria and have since decided to leave are Shoprite and Massmart.

Markoorsig

27 Aug 2021 /  Ryk van Niekerk  
Jean Pierre Verster - uitvoerende hoof, Protea Capital Management

Massmart continues to report a headline loss, but Slape’s turnaround takes shape

UPDATE
27 Aug 2021 /  Suren Naidoo  
July unrest in KwaZulu-Natal saw group being hit by R1.3 billion in stock losses due to looting, which is likely to impact the second-half of its 2021 financial year.

Jan Potgieter’s swansong results at Italtile sparkle

UPDATE
27 Aug 2021 /  Suren Naidoo   3
Double-digit sales growth in all business units as the group benefits and takes a hit from the Covid-19 pandemic.

South Africans and shares: 37% of us own them

26 Aug 2021 /  Simon Brown    4
Nedbank's Preston Narainsamy talks DRD results and Massmart buying OneCart. Adcock Ingram CEO Andy Hall on company results as it gets squeezed by the pandemic. Kylie Purcell of Finder as its research shows 37% of South Africans directly own shares.

EM-Turkish lira rises in muted FX trade as focus turns to Jackson Hole

25 Aug 2021 /  Sagarika Jaisinghani, Reuters  
SA's rand firmed 0.4% before the release of rebased GDP figures.

Massmart in ‘advanced negotiations’ to buy OneCart

25 Aug 2021 /  Suren Naidoo   2
Planned acquisition is part of the group's overall e-commerce growth drive.

Shoprite’s share price tops 52-week high, as SA operations shine

24 Aug 2021 /  Suren Naidoo   1
Group flags strong local sales growth and is set to expand further with the planned acquisition of Massmart’s lower end food units.

Hoe vaar Game se veldtog om 10%-afslag aan kliënte te gee wat kan bewys hulle is ingeënt?

23 Aug 2021 /  Ryk van Niekerk  
Duval van Rhyn – Bedryfsdirekteur, Game

Market Watcher: retail news from Massmart, Woolies and ZAR X suspension

23 Aug 2021 /  Fifi Peters   
Gary Booysen – Portfolio Manager, Rand Swiss

Corporate magic and the whimsy of the authorities

23 Aug 2021 /  Ann Crotty  
The magic touch can be hard to replicate (ask Walmart) while the stance of the CompCom has become impossible to anticipate: a look at Massmart, Cambridge and Rhino, Burger King, York Timber and Net1 UEPS.

Massmart sells most food assets to Shoprite for R1.36bn

UPDATE
20 Aug 2021 /  Nqobile Dludla, Reuters   13
To sell Cambridge, Rhino, massfresh, cash & carry.

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