Makro and Game’s owner suffers big loss as shoppers opt for cut-price goods

2019-08-29 09:20

The company also blamed a 12% increase in costs - due to load-shedding, municipal tariffs and the introduction of the minimum wage.

Walmart sends veteran to fix struggling South Africa business

2019-05-23 12:33

Massmart Holdings fell the most in three months as the troubled South African retail chain warned on profit and majority shareholder Walmart sent one its own to help stem declines.

Shoprite opens doors in Kenya to battle French retailer

2018-12-13 09:59

Shoprite is seeking a foothold in Kenya’s retail industry, where the collapse of two local supermarket chains has created opportunities for Africa’s biggest grocer and its international rivals.

Massmart: 6 years after Walmart acquisition

2017-08-30 06:01

Fin24 takes a look at how Massmart has changed since Walmart took a controlling stake in the company six years ago.

Woolies and other SA retailers under increasing pressure

2017-07-11 16:57

Dreary results are expected from two of South Africa’s major listed clothing stores, Woolworths and Truworths, in the coming weeks, due to poor local conditions.

Gigaba skirts junk, talks radical change

2017-05-07 06:10

Finance minister makes little mention of credit downgrades, prioritising inequality and the need for a better BEE plan.

SHARE WATCH: Mixed bag of notable locals

2017-01-17 08:55

Overberg Asset Management analyst Kirk Swart looks at notable South African companies in this week's five shares to watch.

SHARE WATCH: SA retailers having a tough time

2016-09-05 16:20

Overberg Asset Management analyst Kirk Swart looks at South African retail shares and how hard they are finding it to make profits.

Basic grocery basket up R100 since Feb - Massmart

2016-08-26 12:29

A food basket containing items such as pilchards, maize and soap now costs R100 more than it did in February, up to R874 from R774, says Massmart Holdings.

Massmart to open 13 new stores in 2016 despite tough conditions

2016-05-26 10:41

Massmart says it will open 13 stores in 2016, despite tough economic trading conditions caused by high inflation and low economic growth in South Africa.


These South African CEOs are now out. Investors think these bosses could be next

2019-06-03 16:33

Professional investors believe more could be heading (or pushed) to the door.

Massmart CEO to step down after 20 years in the business

2019-05-06 09:04

Hayward has been with the company for 20 years, including five as CEO. The group's board said the process of appointing a successor was underway.

SA can't be 'trust fund kid' living solely off mineral resources - Patel

2017-10-24 06:00

South Africa’s can’t be a "trust fund kid" living off its mineral resources but not developing new skills, Minister of Economic Development Ebrahim Patel told a group of entrepreneurs on Monday.

Massmart still bullish about Africa - CEO

2017-08-24 15:11

Despite a tough trading environment in Africa, Massmart chief executive Guy Hayward is still positive about operational growth prospects on the continent.

Massmart disappointed by H1 sales trends so far

2017-05-25 13:49

Massmart says sales trends for the first half of 2017 have likely been disappointing, but it has grown market share in all key general merchandise categories.

Massmart shares climb as profits improve on costs

2017-02-23 15:05

Walmart’s experience in controlling costs is helping Massmart improve profit as shoppers have been hurt by high food inflation.

INFOGRAPHIC: Going green - How SA’s top 5 retailers stack up

2016-10-27 20:07

Greenpeace ranks some of South Africa's leading retailers on their renewable energy commitments, with the top store scoring 6 out of a possible 10.

Retailers lose bid to delay Massmart exclusivity complaint

2016-09-05 06:50

Shoprite, Pick n Pay and Spar have lost their bid to delay a hearing into an application brought by Massmart objecting to exclusivity in lease agreements with landlords .

Massmart profit rises as food sales grow

2016-08-25 08:49

Massmart Holdings first-half profit has risen 19% as increased food and liquor sales offset slower growth in its general merchandise and DIY offering.

INFOGRAPHIC: How renewable friendly are SA’s top 5 retailers?

2016-04-19 07:56

SA's top five retailers would make space for 178 400 households to connect to the grid without risking load shedding by becoming 100% dependent on renewable energy.

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