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]

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

18 May 2020 /  Suren Naidoo   5
Group reports 'significant impact' on normal trading.

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

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

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

19 Mar 2020 /  Tanisha Heiberg and Nqobile Dludla, Reuters   12
23 Dion Wired stores to close today.

‘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

11 Mar 2020 /  Melitta Ngalokulu  
Creating employment in SA and opening up new global markets.

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

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

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

UPDATE
3 Mar 2020 /  Prinesha Naidoo, Bloomberg   5
As economy falters.

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

27 Feb 2020 /  Moneyweb  
Mitchell Slape – CEO, Massmart

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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