Massmart Holdings fell the most in more than two months in Johannesburg after the Walmart-owned South African retailer said its first-half loss widened.
Massmart-owned Game says it is seeing significant successes through its turnaround strategy, with the group fundamentally changing its store layout, target markets and even what it sells.
Makro and Game-owner Massmart opened its new distribution centre in Riversands, Johannesburg on Tuesday (14 June).
Retailer Massmart, the owner of Makro and Game in South Africa, says it aims to grow its store footprint over the next five years to generate additional sales. It follows its latest financial performance showing extended losses over the past…
The South African Commercial Catering and Allied Workers Union (Saccawu) will begin an indefinite strike on Friday (19 November) at group companies owned by Walmart-led Massmart Holdings in South Africa.
Massmart chief executive Doug Jones has published a letter responding to the planned strike action against the group by aggrieved workers.
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