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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]

Bigger spike in SA online retail amid Covid-induced ‘explosion’ in home deliveries

13 May 2021 /  Moneyweb   1
World Wide Worx reports record growth in e-commerce.

Italtile CEO Jan Potgieter to retire and emigrate

3 May 2021 /  Suren Naidoo   8
Lance Foxcroft, current CEO of subsidiary Ceramic Industries, will take over as group CEO from January 1, 2022.

PnP is open to buying Cambridge Food – Brasher

22 Apr 2021 /  Larry Claasen    1
Outgoing CEO says if the price is right it might consider buying the troubled Massmart grocery chain.

Shoprite says it has created over 4 300 new jobs

16 Mar 2021 /  Suren Naidoo   2
Renewed focus on its core home market seems to be paying off.

Value-destroying deals and boardroom battles

15 Mar 2021 /  Ann Crotty   4
A look at Massmart and Woolies's deal corrections, a chair's sudden exit, Prosus’s Chinese challenge, and more ...

Massmart surges over 20%, but has the market overreacted?

9 Mar 2021 /  Suren Naidoo   4
Some analysts think so, considering the Game and Makro owner’s wider FY losses, debt burden and lack of dividend.

Massmart reports R1.8bn loss despite increase in online sales

8 Mar 2021 /  Nompu Siziba   
Mitch Slape – CEO, Massmart

Massmart gaan sy Rhino en Cambridge afdelings verkoop

8 Mar 2021 /  Moneyweb  
Mitch Slape – uitvoerende hoof, Massmart

Massmart to sell Cambridge Food, Rhino and Massfresh

8 Mar 2021 /  Suren Naidoo   5
The group is now also 'reviewing' its stores outside of SADC as part of its turnaround plan, which it says is still on track despite Covid-19.

Massmart FY net loss widens

8 Mar 2021 /  Nqobile Dludla, Reuters  
On Covid-19 hit.

Massmart plans further store closures as it flags FY loss

19 Feb 2021 /  Aby Jose Koilparambil and Tanisha Heiberg, Reuters   1
After curbs related to the Covid-19 pandemic hammered sales.

Trellidor – building up to a rally

2 Feb 2021 /  Keith McLachlan   2
Its share price is down 30% over the last 12 months.

SA stocks set for first weekly drop of 2021; Sasol jumps

29 Jan 2021 /  Adelaide Changole, Bloomberg   1
Foreigners remained net sellers of South African stocks for a seventh consecutive session Thursday, disposing of R56 million worth of shares.

SA stocks post biggest drop this month on Tencent effect

26 Jan 2021 /  Adelaide Changole, Bloomberg  
Tencent lost as much as 6.7% in Hong Kong on Tuesday.

A week of lazy ‘strategising’ and sad realities

25 Jan 2021 /  Ann Crotty   1
Share buybacks, retail sales figures, Massmart’s latest move, Gold Fields nabs a winner, and reminders of the ravages of the pandemic.

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