Massmart is a South African-based globally competitive regional management group, invested in a portfolio of differentiated, complementary, focused wholesale and retail formats, each reliant on high volumes and operational excellence as the foundation of price leadership, in the distribution of mainly branded consumer goods for cash. It is the third largest distributor of consumer goods in Africa, the leading retailer of general merchandise, liquor and home improvement equipment and supplies, and the leading wholesaler of basic foods.
We are listed in the Consumer Services-Retail sector on the main board of the Johannesburg Stock exchange.
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Strategic and structural clarity
- Massmart operates through four focused Divisions, each of these a leader in its target market and business model
- Additional value is created through inter-Divisional collaboration
- Behaviour is aligned through short-and long-term incentives
- Organic and acquisitive growth criteria is strictly adhered to
Management depth, quality and diversity
- The 44 Group and Divisional Executives hold 81 qualifications of which 62 are degrees, are an average age of 45 years, and 21% are African, Coloured or Indian.
- Merchandise – Massmart is the second-largest distributor of consumer goods in Africa, and is the leading retailer of general merchandise, liquor, home improvement and building supplies, and the leading food wholesaler
- Formats – trading through a variety of formats
- Customers – serving all mass-market consumers
- Geography – operating in 12 sub-Saharan African countries
- Earnings underpinned by high cash generation
- Limited financial leverage
- Conservative through-the-cycle store opening plans
- Board composition – two executive and 7 non-executive directors of whom four are independent
- Recognised record of good disclosure
- Compliant with King III Report and the JSE SRI criteria
- Member of the Ethics Institute of Southern Africa
- Continuously improving the productivity of capital, space and labour
- Strengthening supply chain activities
- Upweighting Group private label efforts
- Inter-divisional collaboration
- Complementing store growth through targeted acquisitions and greenfield opportunities
- Expansion into food retail through Cambridge Foods, Game Foodco and Makro Fresh