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• Massmart Mass movement

  As we reported a couple weeks back, Massmart will shortly be disposing of its Cambridge and Rhino retail operations, as standalone food is not core to the business. They’re also disposing of their Massfresh offering, and now, we are told, are taking ... More »

  • Business Day 23/03/21

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• Massmart Death, taxes, and executive share schemes

  A slow news week, so what better time to dive into Massmart’s arcane wrangling with SARS over who exactly carries the can for loses on an employee share option scheme. Follow closely now, it’s going to get tax-ing. (Oh, come on. Ed.) Turns out that 2... More »

  • Business Insider 29/03/21

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• Massmart Tightening the ship

  So the final Massmart numbers are in for the year through December 2020, and things went pretty much as advertised in the recent trading update: total sales down -7.7% to R86.5bn, with a net loss of R1.8bn, with write-downs of R798.7m, mainly related... More »

  • Business Day 08/03/21

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• Massmart The urly bird catches the worm

  Even as Massmart beats a strategic withdrawal from some of its retail assets, including Cambridge Food, it is staking out some other real estate critical to its growth (cue dystopian dubstep, dramatic pause) … Cyberspace. Massmart’s Makro and Builder... More »

  • Business Insider 08/03/21

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• Massmart Cashing out

  Massmart intends to close another 14 stores under the Browns & Weirs and Jumbo brands in its Masscash division, after the sale of eight last year to Devland (with another three possibly to come), all as part of its turnaround strategy. At the end of ... More »

  • Moneyweb 19/02/21

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