ARTICLES RELATING TO MASSMART

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

2014-04-10 19:24

Who will investors turn to? Size matters, but so does development, economists say.

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 seeks stake in Kenya's Naivas

2013-08-14 10:41

Massmart has been in talks to take a majority stake in Kenyan supermarket chain Naivas, as the company seeks a foothold in east Africa's biggest economy.

Masstores hit with R7.5m TV licence fine

2012-11-11 16:12

EduSolutions, the company at the centre of Limpopo’s textbooks scandal, has landed one of the country’s biggest retailers in a spot of bother.

How Massmart, ABI scored in townships

2012-08-12 14:40

A relationship with local communities must form an important part of the strategy of any enterprise wanting to do business in townships, a new book shows.

Massmart in talks to enter Kenya

2012-07-10 15:58

Retailer Massmart is in advanced discussions to open a Game store in Nairobi, says a senior executive.

Walmart raises dividend

2012-03-01 16:34

Walmart, the world's largest retailer, has upped its dividend by almost 9% on the back of a rebound in its US stores.

Man shot dead at Builders Warehouse

2012-02-22 09:53
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A shopper waiting in his car outside the Rivonia branch of Builders Warehouse has been shot dead by four men who tried to rob the store, police and Massmart say.

Namibian court restores terms on Walmart

2011-11-04 13:31

Namibia's Supreme Court has reinstated conditions imposed on Walmart's takeover of Massmart, which has three local subsidiaries.

Walmart: Unclear if deal alters economy

2011-10-21 17:02

There is no evidence Walmart's merger with Massmart will change the SA economy, a lawyer for the retailers has told the Competition Appeal Court.

Government undemining competition - DA

2011-10-05 22:08

Cabinet ministers are driving an ideological agenda against Walmart, the DA says, and claims the competition authorities are being misused for this purpose.

SA to intervene in Kansai, Freeworld deal

2011-08-23 19:10

The government is to take part in hearings on a condition to the Kansai takeover of Freeworld, the second time it is to appeal a decision of the competition authorities.

Govt doesn't want to block Walmart deal

2011-07-25 08:22

Government wants tougher restrictions on Walmart, but doesn't want the deal blocked, according to a media report.

Wal-Mart gets Namibia go-ahead

2011-06-11 13:00

Global group Wal-Mart has been given the green light by a Namibian court to implement its bid for SA's Massmart Holdings (MSM), despite an appeal.

SA risks breaking WTO rules over Walmart

2011-05-26 18:19

If the Competition Tribunal imposes conditions on Walmart's takeover of Massmart, it is in danger of violating World Trade Organisation agreements.

Walmart deal may mean cheaper clothes

2011-04-03 11:48

SA shoppers may get access to low-priced clothes if Walmart's takeover of Massmart goes ahead.

ANC, labour divided over Walmart’s bid

2011-01-23 12:26

The ANC has welcomed Walmart's entry to SA, despite bitter opposition from the party's allies.

Massmart to buy Namibia chain

2010-07-12 12:29

Massmart has bolstered its strategy to expand into sub-Sahara by agreeing to buy a majority stake in Namibia's Pupkewitz Megabuild.

 

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.

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.

Pick n Pay embarks on retrenchment drive

2013-08-07 13:45

Pick n Pay is offering its staff across the country voluntary retrenchments as it implements a turnaround strategy, according to a report.

Massmart welcomes court ruling

2012-10-09 17:33

Retailer Massmart has welcomed a Competition Appeal Court ruling which provides clarity on its supplier development fund.

Walmart is the new gold

2012-08-08 15:38

Retail giant Walmart is seen as a safe haven as investors flock to buy its shares amid slowing global growth and volatile markets, say analysts.

Government loses Walmart appeal bid

2012-03-09 10:39

Three ministers who challenged competition approval for Walmart's R16.5bn takeover of Massmart have had their appeal dismissed by the Competition Appeal Court.

2 held for Builders Warehouse killing

2012-02-22 12:31

Two of the four men thought to be behind the killing of a customer at the Sunninghill Builders Warehouse have been arrested, Johannesburg police say.

Shoprite sees scope for 700 stores in Nigeria

2012-02-22 07:00

Shoprite CEO Whitey Basson says Nigeria has the potential to become as big a market for the retail giant as its SA home base.

Motlanthe: SA happy about Walmart deal

2011-11-02 17:11

Deputy President Kgalema Motlanthe says the government is pleased that Walmart has chosen to invest in SA.

Walmart: State's appeal unsubstantiated

2011-10-20 14:25

The state's appeal for a review of the Walmart/Massmart deal is "factually insupportable" and "legally misconceived", lawyers for the merged firms have told the Cape High Court.

Pick n Pay uses Franklins cash to revamp

2011-08-26 16:11

Retailer Pick n Pay says it will use proceeds from the sale of its Australian unit to fund a restructuring programme at home as it gears up to take on Walmart.

African unions team up against Walmart

2011-07-27 19:02

Union federation UNI Global says it plans to get African trade unions to join forces in opposing Walmart's expansion on the rest of the continent.

Walmart deal hits Massmart profit

2011-07-25 08:07

The costs associated with Walmart's takeover deal, including the creation of a new supplier fund, have lowered Massmart's annual earnings.

War on Walmart!

2011-06-03 08:45

We are outraged at Walmart's entry into the country! Just as we are with all foreign business...aren't we, asks Simon Williamson.

'Walmart deal must not undermine SA'

2011-04-06 16:45

Trade and Industry Minister Rob Davies says foreign acquisitions must not undermine SA's "productive capacity".

Jobs vs consumer benefit

2011-03-15 22:30

Walmart's lower prices for millions should outweigh the cost of potential layoffs, says Greta Steyn.

SA rejects US giant's takeover bid

2010-12-08 17:46

The SA authorities have stopped a planned takeover of a local seed firm by DuPont, the world's third largest chemical firm.

Protest over labour brokers in Pretoria

2010-11-26 14:32

About 1 500 Saccawu members have taken to the streets of Pretoria, protesting over labour brokers and demanding centralised bargaining within the retail sector.

Massmart set to reflect sluggish market

2010-07-08 18:52

It will be difficult for retail group Massmart Holdings to report significant operating profit margins in the current economic environment, say analysts.

 
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