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 African retailer Massmart said on Thursday it had decided to close all of its non-performing stores, as cash-strapped consumers battle with high unemployment, modest wage increases and ...

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 ...

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.

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 ...

Massmart Holdings Inc., the South African supermarket chain owned by Wal-Mart Stores Inc., gained, leading the country’s index of retailers to the longest winning streak in nine months.

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 (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 ...

Oct 5 (Reuters) – South African retailer Massmart Holdings MSMJ.J said on Wednesday that it had begun staff consultations about closing its Game stores in East and West Africa, after efforts to ...

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 ...

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 ...