South African real estate investment trust Liberty Two Degrees says its overall exposure to Massmart is only 2% of its portfolio's gross leasable area.
Retailer Massmart has posted a rise in annual profit, on the back of operational cut costs and solid growth in its online division.
Massmart Holdings says total sales for the 52 weeks to December 25 2016 increased to R91.2bn, representing a growth of 7.7% over the prior year 52-week period.
Massmart Holdings has fallen the most in a month after price competition at the Game department-store chain caused profitability to lag behind forecasts.
Resources stocks have led the JSE lower for the second consecutive day, as the share prices of iron producers are hovering around record lows.
Massmart founder Mark Lamberti has been appointed chief executive officer of Imperial Holdings, succeeding Hubert Brody, the company says.
One of the world's largest real estate firms is buying Bradford McCormack & Associates for an undisclosed
Following a tech led sell-off in the USA on Wednesday, Asian markets slumped in Thursday’s trading which saw the Shanghai Composite Index fall 4.8%, while the Hang Seng and Nikkei lost 3.54% and 3.89% respectively.
Bell Pottinger suffers the consequences of interfering in South Africa's affairs, retailers dominate bourse and Telkom launched its zero-rated streaming platform.
Shoprite Holdings is the number one retailer in Africa followed by Massmart and Pick n Pay, according to the Deloitte African Powers of Retailing report 2015.
Retailer Massmart has reported a rise in full-year sales as its building materials and home improvement business delivered a better performance.
Massmart Holdings, the SA unit of Wal-Mart Stores, says its first-half earnings have fallen, sending the retailer's shares lower.
Massmart and the SA Bureau of Standards have agreed on an initiative to help small and medium enterprises improve their product quality.
SA's retail union Saccawu has confirmed it is preparing submissions to the Competition Commission aimed at blocking the R32bn takeover of Massmart.
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