Massmart

Black Friday, Holiday Sales Spur Demand At South Africa's Shoprite

Shoprite, South Africa's biggest supermarket group, reported a nearly 14% jump in its half-year sales, supported by a record Black Friday and festive seaso...

Top 5 Supermarket Retail Chains In South Africa

ESM looks at the top five supermarket retail chains in South Africa, according to their most recently-available full-year turnover.

South Africa's Shoprite Expects Diesel Costs To Remain High

South African supermarket group Shoprite expects diesel costs to operate generators to remain elevated given rolling power cuts, pressuring its margins, bu...

Walmart Agrees To Buy Remaining Stake In South Africa's Massmart

US retail giant Walmart Inc has signed an agreement to begin buying the 47% stake in South African retailer Massmart it does not own, the compani...

Walmart Offers To Buy South African Retailer Massmart

US retail giant Walmart Inc has launched a 6.4 billion rand ($377.6 million) offer for the 47% of Massmart shares it does not already own, a deal Massmart...

South Africa's Massmart Flags Wider Annual Loss Of R1.6bn

South African retailer Massmart Holdings has flagged a wider annual loss for its financial year to 26 December 2021, impacted by damage to its stores and l...

South Africa's Massmart In Talks To Buy Grocery Service OneCart

South Africa's Massmart is in advanced talks to buy a controlling stake in grocery delivery service OneCart Pty Ltd as part of a push to grow its e-commerc...

Massmart Sells Most Food Assets To Shoprite For €76m

Massmart is selling its non-core food assets to rival Shoprite Holdings for 1.36 billion rand (€76 million) to focus on businesses with high returns,...