The retailer announced the move this week in a short note to the market. In contrast, Massmart has ambitious plans to expand its store footprint in Kenya and Zambia, starting in 2019 through to 2021.

Add Yahoo as a preferred source to see more of our stories on Google. Workers go on strike outside a Walmart-led Massmart Holdings owned Makro store in Johannesburg JOHANNESBURG (Reuters) - Thousands ...

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Massmart continues to operate smoothly despite nearly 15 000 workers countrywide joining the South African Catering and Allied Workers Union (Saccawu) strike, the company’s spokesperson said.

Massmart is selling its non-core food assets to rival Shoprite Holdings for R1.36 billion to focus on businesses with high ...

Only 11 % of Saccawu members downed tools this weekend. The union is now asking South Africans to boycott Massmart. Picture: Massmart website. Most Massmart staff opted to return to their till points ...

JSE-listed retail and wholesale group Massmart’s share price soared 20.76% on Monday, closing at R54.10 a share – the highest level in more than a year. The surge came following the release of the ...

Retail giant Massmart, which owns Makro, Game and hardware chain Builders Warehouse, continued its sluggish performance in the first half of 2021. The wholesaler controlled by US behemoth Walmart ...

Twenty-two years on the Johannesburg Stock Exchange (JSE) is a good run but that is also where the road ends for Massmart as the group will be delisting on 22 November. Massmart’s delisting follows a ...

Walmart-owned retailer Massmart may have disposed of some of its assets to Shoprite, but this will not make a difference to the loss-making group if it does not sell Game, analysts say. The ...

JOHANNESBURG, Dec 6 (Reuters) - Thousands of striking workers at companies under Massmart Holdings in South Africa, which is owned by Walmart Inc, will return to work after reaching an agreement over ...