Massmart full-year sales jump

2015-02-26 10:03

Retailer Massmart Holdings has reported a 10.4% rise in full-year sales as its consumer goods, liquor and home improvement business posted better performance.

Massmart to reinstate retrenched workers

2014-08-19 07:59

Massmart has initiated a plan to reinstate employees who were retrenched in 2009 and 2010, according to the Competition Commission.

E Cape company signs deal with retail giant

2014-04-22 16:13

A Stutterheim manufacturer has signed a deal with a retail giant, says the Eastern Cape department of economic development, environmental affairs and tourism.

Massmart CEO Pattison to step down

2014-04-11 11:51

The CEO of Massmart, the South African unit of US retailer Walmart, will step down after seven years at the helm of the discount retailer.

Massmart to enter Angola

2014-04-08 16:38

Massmart Africa director Mark Turner says the retailer plans to enter oil-rich Angola with two stores by 2015, adding that going into Africa is not easy.

Madiba closure cost Shoprite R260m

2014-01-20 08:55

Shoprite lost an estimated R260m by closing its stores on the day of former president Nelson Mandela's funeral, according to a report.

Truworths honours Madiba by donating to hospitals

2013-12-13 13:23

Truworths has honoured the name of former president Nelson Mandela by donating R1.75m towards the refurbishment of a series of hospitals and healthcare clinics.

Retailers close shop for Madiba funeral

2013-12-11 15:37

Retailers Woolworths and Clicks have joined Massmart in closing all shops across the country for the funeral of Nelson Mandela in Qunu.

Consumers spend less as pressure mounts

2013-10-15 16:24

Consumer spending has worsened in the past few months, partly due to unsecured lending being pulled back, says Massmart CEO Grant Pattison.

Wal-Mart's SA unit lags rival in expansion

2013-08-22 18:00

Massmart is losing ground expanding into fast-rising sub-Saharan economies following news that Shoprite plans to open 47 stores outside SA.


Massmart in competition battle with rivals

2014-11-03 11:38

Massmart Holdings has launched an anti-competition complaint against three major rivals over exclusive lease agreements in shopping centres.

Israeli products to remain on shelves - council

2014-08-06 21:15

The Consumer Goods Council of South Africa says retail stores will not remove Israeli imported products from their shelves.

Massmart CEO could be R55m richer

2014-04-13 15:57

Outgoing Massmart CEO Grant Pattison could pocket about R55m when he decides to cash in all his shares and options.

Nigeria vs SA: Who will investors turn to?

2014-04-10 14:25

What is really important to investors looking to cash in on a big economy? Size matters, but so does development, economists say.

Massmart records sales jump

2014-02-27 13:49

Massmart's total sales increased by 9.8% and comparable sales grew by 3.8%, the group says.

Massmart shares rise on sales growth

2014-01-15 13:39

Shares in Massmart have surged as much as 4% after news that the retailer recorded a near 10% rise in full-year sales to December.

PnP donation to honour Madiba

2013-12-12 14:15

All profits made by retailer Pick n Pay on the day of Nelson Mandela's funeral will be donated to charitable causes, says CEO Richard Brasher.

Massmart to close stores on Sunday

2013-12-09 15:03

Massmart says all its shops will be closed on Sunday to give their employees time with their families on the day of former president Nelson Mandela's funeral.

Mall developers feel Africa's consumer boom

2013-08-30 16:30

When Wal-Mart Stores bought control of major South African discount chain Massmart in 2011, American shopping mall developer Irwin Barkan had an epiphany.

Massmart sees tough second half after profit slide

2013-08-22 10:39

Walmart's South African unit Massmart has reported a 9.9% fall in profit as debt-laden consumers at its home market cut down on spending.

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