Govt failings driving geo-diversification – what Woolies gets right, Massmart doesn’t

2015-09-01 15:46

Ted Black analyses the stark contrast in earnings between broadline retailers Woolworths and Massmart.

Massmart sees lower profit, shares slump 10%

2015-08-19 11:33

Massmart has forecasted a sharp decline in profit, putting its shares on course for their biggest one-day slump in more than 15 years.

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.


Investors cheer Massmart trade update

2015-08-27 10:55

Retailer Massmart has outperformed its peers after reporting total sales of R38.9bn for the 26 weeks to end-June, a 9.1% rise over the prior comparable period.

SA retailers lure foreigners in JSE buying streak

2015-04-03 09:00

Offshore investors bought a net R2.1bn of shares on Wednesday and the 11th day purchases exceeded sales, data from the Johannesburg Stock Exchange shows.

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.

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