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• Massmart Game’s up

  More on those Massmart interims, to which we alluded last week, and of which you can find a handy summary here. Group sales for the 26 weeks through June rose +4.4% to R41.3bn, with trading profit (including discontinued operations) up a deceptively ... More »

  • The Sunday Times 29/08/21

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• Massmart Sold to the man in the checkered hat!

  So as we were saying, in significant news for all parties, Shoprite has offered to purchase a number of Massmart’s non-core food assets for the tidy if not princely sum of R1.36bn. The businesses in question – as you will probably recall – are Cambri... More »

  • Business Tech 20/08/21

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• Massmart Struggling Gamely

  A trading update of characteristic honesty from Massmart, which is executing its turnaround strategy in conditions that, to put it mildly, just never seem to get any easier. Its update for the half year through June indicates losses of between R745m ... More »

  • Businesstech 13/08/21

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• Massmart Bold retreat

  A couple of weeks ago we mentioned in an offhand way that Massmart’s Game was closing its operations in “West and East Africa”, two vast and not even necessarily contiguous regions. Let’s get a little more specific shall we: Massmart is divesting its... More »

  • The Africa Report 08/10/21

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• Massmart Everything but the kitchen sink

  Further evidence, if more were needed, that Walmart remains committed to its investment in Massmart came this week with the news that the Big Feller is springing a not insubstantial $11.34m over the next two years for payments to Genpact, a financial... More »

  • Business Day 24/06/21

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