The framework guarantees consistent compliance with the best governance standards and national legislative requirements. It commits each Division to implementing Massmart’s core strategy of being a high-volume, low-margin distributor of quality branded consumer goods for cash, and ensures expansion plans add net value to the Group.
Divisions are enabled to extract greater value from being part of a larger Group with greater access to goods and services or negotiating better terms and rebates with suppliers and service providers. The Divisions are differentiated as retail or wholesale formats that address different customer and market profiles.
Decentralised decision-making is given effect through a Group Executive Committee reporting to the Group Chief Executive Officer (CEO). The Committee’s members comprise the CEOs of Massmart’s four operating Divisions and a Group Executive from each of Massmart Holdings, Channel and Shared Services. Massmart Holdings’ Executive Directors are also represented on each of the four Divisional boards as non-Executive directors.
For more information on good business ‘Transparency and accountability’
|General Merchandise Discounter and Food Retailer||Warehouse Club||Food Wholesaler, Retailer and Buying Association||Home Improvement Retailer and Building Materials supplier|
Customers advocate Massmart banners as ‘must-go-to’ shopping destinations
Investors and suppliers advocate Massmart as a ‘must have’ retail partner
Government, academia and civil society advocate Massmart as a ‘must-be-like” social and environmental leader