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LATEST NEWS FOR Massmart Holdings Ltd.  

Massmart is an African retail group, with total Group half-year sales of R41.3 billion. Through its widely recognised and differentiated retail and wholesale formats, represented in 411 Retail and Wholesale stores in 13 sub-Saharan countries, Massmar... [more info]

Strike at Massmart begins

19 Nov 2021 /  Nqobile Dludla, Reuters  
The union has said it had exhausted all efforts to resolve labour disputes with Massmart, which owns Game, Makro and Builders Warehouse stores.

Business as usual for Massmart, despite possible 18 000-worker strike

18 Nov 2021 /  Akhona Matshoba  
Assures customers their November-long Black Friday shopping will not be disrupted.

Retailers can expect an uptick in sales from this year’s Black Friday

17 Nov 2021 /  Palesa Mofokeng   
Thanks to an upward trend in consumer spending.

Saccawu to start indefinite strike at Massmart

16 Nov 2021 /  Promit Mukherjee, Reuters   1
Creating another problem at the retailer struggling to turnaround.

Markets and music

8 Nov 2021 /  Ryk van Niekerk  
Novare is trying to beat inflation by 3.5% – ‘but with substantially less volatility than the JSE’, says Jacobus Brink, who heads up its multi-management division and is also a musician.

Massmart turnaround kicking into gear

3 Nov 2021 /  Simon Brown   
Mia Kruger from Kruger International unpacks the Massmart update. Jeffrey Wapnick, MD Octodec, talks results as student accommodation struggles. Bruce Williamson Integral Asset Management on the investment case for PGMs and his preferred PGM miner.

Massmart surges over 8%, as turnaround gains traction

3 Nov 2021 /  Akhona Matshoba  
Market responds positively to news that the company has already reached over 65% of its cost saving target.

Inside Massmart’s e-commerce growth drive

11 Oct 2021 /  Duncan McLeod   1
Launching mobile shopping 'mini apps' in partner Vodacom Group’s new VodaPay 'super app'.

Sasria has paid out R5.8bn in July unrest claims so far

5 Oct 2021 /  Akhona Matshoba   20
It's set to receive a R3.9bn lifeline from Treasury, and says it will need more capital injections going forward.

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.

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