African Expansion Plans. Massmart runs nine wholesale and retail chains with approximately 288 stores in 14 African countries. Wal-Mart believes that South Africa is a key market for growth and it ...

South Africa's Massmart Holdings says that it intends to restructure its operations after forecasting an annual loss for the full year. The company, majority owned by U.S. retail giant Walmart ...

In 2011, U.S. retail giant Walmart Inc made a bet on Africa, buying a majority stake in South African retailer Massmart in what many investors saw as a step toward dominating the continent's vast ...

South African retailer Massmart met expectations with a one-third rise in full-year profit on Thursday, boosted by an extra trading week and favourable currency swings as debt-laden consumers rein ...

JOHANNESBURG, Feb 28 () - Massmart Holdings Ltd, one of South Africa's biggest retailers, plans to add 47 new stores between 2019 and 2021, with about a third of the new space outside its home ...

Walmart-controlled Massmart, a beneficiary of South Africa’s boom years, will on 22 November 2022 delist from the JSE, signalling failure to capitalise on its retail head start, say analysts. Massmart ...

Massmart, based in Johannesburg, South Africa, has stores in 14 sub-Saharan countries. Credit... Nadine Hutton/Bloomberg News. Massmart can be described as a combination of Wal-Mart and Home Depot ...

JOHANNESBURG (Reuters) -South African retailer Massmart Holdings flagged on Friday a wider annual loss of up to 1.6 billion rand ($106 million), hurt by store ...

South Africa's Massmart Holdings could cut up to 1,440 jobs under a plan to close some stores, the retailer said on Monday as it struggles to grow sales in a tough economy.

A South African appeals court judge upheld a decision made by the country's competition authorities to approve Wal-Mart's acquisition of a majority stake in South African retailer Massmart, but ...

South African retailer Massmart Holdings flagged on Tuesday a wider annual loss, due to store damages and lost trading income suffered due to looting in July during protests over former President ...