ARTICLES RELATING TO MASSMART

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.

Lower prices boost Massmart sales

2010-07-08 14:09

Wholesaler Massmart has boosted 52-week sales by 10.1% to R47.5bn helped by new stores and a persistent fall in product prices.

Wal-Mart rumours boost Massmart shares

2010-05-13 17:06

Massmart shares have surged almost 35% over the past three months, on the back of continued speculation of takeover talks with global retail giant Wal-Mart.

 

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.

Massmart announces job cuts

2010-06-01 17:48

Retail group Massmart has issued letters of retrenchment to 261 workers in its Massdiscounters division, which includes Game and Dion Wired.

Massmart sales pick up

2010-05-11 08:45

Retailer Massmart says that for the 44 weeks to May 2, total sales increased to R39.9bn - growth of 8.6% over the prior period.

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