We should try to understand the reasons for the violence against foreigners, but we must never sweep it under the carpet, writes Martin Schäfer.
High level clouds. Mild.
The company also blamed a 12% increase in costs - due to load-shedding, municipal tariffs and the introduction of the minimum wage.
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 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.
Fin24 takes a look at how Massmart has changed since Walmart took a controlling stake in the company six years ago.
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.
Finance minister makes little mention of credit downgrades, prioritising inequality and the need for a better BEE plan.
Overberg Asset Management analyst Kirk Swart looks at notable South African companies in this week's five shares to watch.
Overberg Asset Management analyst Kirk Swart looks at South African retail shares and how hard they are finding it to make profits.
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 says it will open 13 stores in 2016, despite tough economic trading conditions caused by high inflation and low economic growth in South Africa.
Professional investors believe more could be heading (or pushed) to the door.
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.
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.
Despite a tough trading environment in Africa, Massmart chief executive Guy Hayward is still positive about operational growth prospects on the continent.
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.
Walmart’s experience in controlling costs is helping Massmart improve profit as shoppers have been hurt by high food inflation.
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.
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 Holdings first-half profit has risen 19% as increased food and liquor sales offset slower growth in its general merchandise and DIY offering.
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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