Media Centre

• Massmart in the news
• More news about Massmart
• Massmart media releases
• Walmart media releases
• SENS news
• Group Updates
• Online Magazines
• Image gallery
• Media contact

Related links

• News Archive

Massmart in the news

Fri, 24 May 2013 19:00:00 GMT

...Coca Cola, South African Breweries, Afrisam, Lafarge Cement, Unitrans, Imperial Holdings, Barloworld, Nampack, DHL, Massmart, Value Logistics, Air Products and Corobrick." Shamrock Handling Concepts (Pty) Limited was founded by Don Beck who...

Fri, 24 May 2013 10:00:00 GMT

...Standard Bank noted. About 25% of businesses were engaged in wholesale and retail trade, including Shoprite, Massmart and Pep; 22% in financial and business support services through the likes of Standard Bank and the First Rand Group;...

Thu, 23 May 2013 11:00:00 GMT

...Amplats to start a layoff process, Lonmin still not recognising Amcu as a majority union, Mediclinic results, and Massmart cautioning on soft sales growth. In the second half of the programme at 18h30, Glenn chaired a one-hour discussion on...

Thu, 23 May 2013 06:00:00 GMT

Massmart Holdings expected lacklustre sales growth this year as it battled with weak consumer demand, it said yesterday. Massmart, which is majority owned by Wal-Mart Stores, said comparable store sales increased by 5.6 percent for the first 21...

Wed, 22 May 2013 21:00:00 GMT

Massmart, waarin Wal-Mart Stores die grootste belang besit, sê hy verwag vanjaar lustelose groei in Suid-Afrikaanse verkope weens swakker verbruikersvraag. Massmart sê verkope in vergelykbare winkels het in die eerste 21 weke van die boekjaar met...

Wed, 22 May 2013 20:00:00 GMT

...rate and earnings per share of 23.5%, it really is a phenomenal performance. HILTON TARRANT: Not so phenomenal for Massmart - a 21-week update, sales up almost 10%; on a comparable basis up 5.6%. if you start scratching into these numbers and...

Wed, 22 May 2013 20:00:00 GMT

Exports of cotton from Ivory Coast had reached 116,871 tonnes by the end of April from the beginning of the year, up about 10 percent compared with the same period in 2012, provisional port data showed on Wednesday. Its annual cotton output was...

Wed, 22 May 2013 19:00:00 GMT

...and participated in the forming and setting up of the Ombud Office. Graham Rebello, Collaboration Executive at Massmart says, "We welcome the initiation of the CGSO. We remain fully committed to it and we believe it is the right thing to...

Wed, 22 May 2013 17:00:00 GMT

...Investments considers astonishing results from both Lewis and Mr Price, as well as a less-than-exuberant update from Massmart. Danie Meintjes reflects on a strong year for private hospital group Mediclinic. We are also joined by Carlo Gonzaga,...

Wed, 22 May 2013 11:00:00 GMT

Johannesburg -Massmart Holdings [JSE:MSM] said on Wednesday it expects lacklustre sales growth this year, as the unit of Walmart Stores battles with weak consumer demand. Massmart, majority owned by the world's largest retailer, said comparable...

Wed, 22 May 2013 11:00:00 GMT

Massmart Holdings' (MSM) sales for the first 21 weeks of the 2013 financial year grew by 9.8 percent and comparable sales growth was 5.6 percent, with financial year-to-date sales inflation of 3.1 percent, the group said in a statement on...

Wed, 22 May 2013 11:00:00 GMT

Johannesburg - Shares of South Africa's Massmart fall more than 1 percent after the retailer says full-year operating margins should recover but probably not to levels seen last year. Massmart, majority-owned by the world's biggest retailer,...

Wed, 22 May 2013 10:00:00 GMT

South Africa's Massmart Holdings (JSE:MSM) said on Wednesday it expects lacklustre sales growth this year, as the unit of Wal-Mart Stores Inc battles with weak consumer demand in Africa's top economy. Massmart, majority owned by the world's largest...

Wed, 22 May 2013 06:00:00 GMT

...at AGMs, it revealed that it voted against several directors whom it regarded as lacking independence. At the Massmart AGM, the PIC voted against Christopher Seabrooke as audit committee member. It also questioned Seabrooke's position as...

Tue, 21 May 2013 19:00:00 GMT

...are 15 500 South African business waytags and 6 000 personal ones. Retailers that have begun using the platform include Massmart, Clicks and Woolworths. "We want to become the standard for location," Van der Heijden says. - (c) 2013 NewsCentral...

Tue, 21 May 2013 14:00:00 GMT

...is the company that will prosper in gaining those shares profitably. We haven't felt a direct impact of the Walmart-Massmart deal in that we have a high commodity exposure in maize and wheat and these are not commodities that travel well. That...

Mon, 20 May 2013 08:00:00 GMT

...said it sourced all its chicken from local poultry producers and would refrain from speculation about chicken prices. Massmart refused to comment. Two of the largest fast food chains, KFC and Famous Brands, said they also only used locally...

Sun, 19 May 2013 05:00:00 GMT

...te stel wat by die fabrieke aangaan wat vir hom goedere vervaardig. Walmart hou die beherende belang in Suid-Afrika se Massmart. Werksomstandighede in Bangladesj is onder die vergrootglas sedert 'n gebou in sy hoofstad, Dhaka, op 24 April...

Fri, 17 May 2013 05:00:00 GMT

...growth and development. Judge Davis, who last year dismissed the government's appeal against the R16.5bn Walmart-Massmart merger and made provision for Massmart to contribute a maximum of R200m to a supplier development fund that would...

Thu, 16 May 2013 02:00:00 GMT

...retailer, started selling South African wines in the US after spending $1.8bn in 2011 buying 51% of Johannesburg-based Massmart, Africa's biggest food and goods wholesaler. Not all wineries grow just classic French grapes, even if they are aiming...

Tue, 14 May 2013 20:00:00 GMT

...also been boosting sales in Africa and Asia, especially China. Demand is also growing in North America. Last year, Walmart started selling South African wines after the retail giant bought a majority stake in local retailer Massmart in 2011. -eNCA...

Tue, 14 May 2013 20:00:00 GMT

...outlying areas such as Makgofe, Mobokele and Perskebult. Anchor tenants in the centre include Shoprite and Cambridge (a Massmart-owned supermarket chain). National retailers such as Jet, Edgars Active, Pep, Total Sport, Exact, Markhams, Truworths,...

Tue, 14 May 2013 19:00:00 GMT

...that best suit their need and are more likely to attract customers. MapIT had recently provided this service to Massmart who was looking for new suitable catchment areas for their new outlets. MapIT was not only able to accurately plot all...

Tue, 14 May 2013 11:00:00 GMT

...selling South African wines in the US after spending $1.8 billion in 2011 buying 51 percent of Johannesburg-based Massmart Holdings Ltd., Africa's biggest food and goods wholesaler. Not all wineries plant just classic French grapes, even if...

Tue, 14 May 2013 05:00:00 GMT

...outcomes they want. This echoes criticism of the way in which concessions were forced out of Walmart in its takeover of Massmart. Some analysts argue that the energy ministry could implement the regulation through the National Energy Regulator of...

Mon, 13 May 2013 20:00:00 GMT

Location: Gauteng & KZN Closing Date: 30 September 2013 About the Programme This Trainee programme is focused on developing Graduates with interest in Specialist fields of the Retail environment. The specialist roles are Buying, Planning or...

Mon, 13 May 2013 19:00:00 GMT

...- you mentioned a couple there, Discovery, MMI, we've got Imperial up there, Super Group making its appearance - is Massmart. We haven't seen that one for a while, at R202.50. DAVID SHAPIRO: That's above R200 again on the back of what?...

Mon, 13 May 2013 14:00:00 GMT

...Grant Pattison is the CEO of Massmart Name Grant Pattison Date of birth 25-03-1971 Education Bsc Eng Elec Family Married with two daughters First job Learner engineer Hobbies Swimming, waterskiing, golf Favourite movie Favourite book What are you...

Fri, 10 May 2013 20:00:00 GMT

...sometimes threatened by hostile and violent labour unrest as we have seen in the recent past. The merger of Walmart and Massmart presented us with lessons in how to treat foreign investors to our country. While the EDD and two other departments of...

Fri, 10 May 2013 08:00:00 GMT

...and participated in the forming and setting up of the Ombud Office. Graham Rebello, Collaboration Executive at Massmart says, "We welcome the initiation of the CGSO. We remain fully committed to it and we believe it is the right thing to...

Thu, 09 May 2013 20:00:00 GMT

...their produce to Spar and Pick n Pay retail stores. Discussions are also underway to secure supply contracts from Massmart stores. We acknowledge that these interventions need consolidation, a process we are undertaking. We have also...

Wed, 08 May 2013 19:00:00 GMT

...brand supplies material handling equipment to some of Walmart's distribution centres, the majority stakeholder of the Massmart group which Massbuild falls under," says Lerato. Toyota Forklift's global footprint was also a factor that contributed...

Wed, 08 May 2013 12:00:00 GMT

...Vavi. "Vavi is a very well respected global trade union leader. He is seen as a giant. When he speaks, people listen." Massmart Jennings did however differ from Vavi and the South African government when they opposed the entry of Walmart into the...

Wed, 08 May 2013 06:00:00 GMT

...in the two previous sessions. Transaction Capital's share price lost 0.75 percent to R6.64. Lamberti, who founded Massmart Holdings, said the slump in the share prices of some unsecured credit lenders was not a sector problem and when...

Tue, 07 May 2013 11:00:00 GMT

...and embarrassing opposition by three Cabinet ministers - including Minister Rob Davies - to the merger of Wal-Mart and Massmart - an action which not only caused concern and embarrassment among potential foreign investors but raised questions...

Tue, 07 May 2013 08:00:00 GMT

...in over $469 billion in revenue in 2012. The wholesale retail giant - which owns a significant stake in South Africa's Massmart - pushed former number one, Exxon Mobil into second postion with $449 billion, while oil company, Chevron, maintained...

Mon, 06 May 2013 19:00:00 GMT

Makro has expanded its presence in Gauteng with the opening of a new urban store in Alberton on 24 April 2013. Massmart invested R400 million rand to build the 19 008m2 Makro Alberton store. The Makro store will give spaza shops, small businesses,...

Sun, 05 May 2013 12:00:00 GMT

IT HAS been more than a year since global retailer Walmart rode into South Africa after fighting tooth and nail to take the controlling share of Massmart. But, despite promises, consumers and investors have yet to reap the benefits. It was the...

Sun, 05 May 2013 09:00:00 GMT

...protection to the South African Commercial, Catering and Allied Workers Union (Saccawu) in the merger of Walmart and Massmart, according to a new case note in a South African law journal. The article by Jessica Staples, an associate at law firm...

Sat, 04 May 2013 08:00:00 GMT

...aandeel sal nie sommer aanbeveel word tot tyd en wyl daar 'n meer volhoubare ommeswaai in die situasie duidelik is nie. Massmart (JSE: MSM) is op een na die grootste verspreider van verbruiksgoedere in Afrika en die voorste kleinhandelaar in...

Fri, 03 May 2013 20:00:00 GMT

...more information on the agreement with Walmart for small holder farmers to sell their goods. Mrs Msimang replied that Massmart had technical expertise which they paid for themselves. This helped NAMC understand the market requirements and...

Thu, 02 May 2013 21:00:00 GMT

...see how it carries on. HILTON TARRANT: As you mentioned, retailers performing very well today. Woolworths up 4.5%, Massmart 4.3% better, Mr Price 3.8%, Shoprite 3.6%. If we scroll across to the 52-week highs, Woolworths at an all-time high,...

Thu, 02 May 2013 11:00:00 GMT

...with Paul running the food side of the business and Brett the meat side. Brett sold the Cambridge chain to JSE-listed Massmart in 2010. Future plans With their first Oxford store now well established, the next step will be to diffuse the costs...

Tue, 30 Apr 2013 05:00:00 GMT

...consumer sector too. Shoprite Holdings has 400 franchise outlets in 17 African countries, and they are expanding, while Massmart, founded in 1990, employs 30,000 people. At the moment, most investment is led by South Africa, which has one of the...

Mon, 29 Apr 2013 20:00:00 GMT

...however, was pin-based. Pay point machines were all equipped with biometric readers. Retailers that were part of the Massmart group, which included Game and Macro, used pin-based verification. When the voice activation was fully activated all...

Mon, 29 Apr 2013 13:00:00 GMT

...to R23.04, which Mr Wibberley attributed to market jitters about the company's earnings due for release next month. Exxaro lost 2.19% to R147.20. Construction group Group Five was down 1.16% to R34.20 but retailer Massmart lifted 1.03% to R34.20....

Sun, 28 Apr 2013 13:00:00 GMT

WALMART had a tough debut in South Africa after going to war with Trade and Industry Minister Rob Davies at the Competition Tribunal in 2011 for the right to buy Massmart for R16.5bn. Now in the saddle, things haven't got much easier. This week...

Fri, 26 Apr 2013 08:00:00 GMT

...at number three with a score of 69.38, Shoprite at number ten, with a score of 64.01 and making its first appearance, Massmart, coming in at nineteen with a score of 48.29. With the exception of Woolworths, MTN and ABSA, the remaining seventeen...

Fri, 26 Apr 2013 04:00:00 GMT

Kaapstad. - Die Suid-Afrikaanse winkelgroep Massmart het gister ontken dat van sy produkte vervaardig is in 'n gebou in Bangladesj wat ineengestort het. Sowat 160 klerewerkers is dood. André Kriel, hoofsekretaris van die klerewerkersvakbond Sactwu,...

Fri, 26 Apr 2013 02:00:00 GMT

...in your Company Comment column to retailer Pick n Pay. In both instances, the column refers to rivals Woolworths, Massmart, Shoprite and Checkers. In last week's column, it was stated that Pick n Pay had lost market share to Woolworths. I...

Thu, 25 Apr 2013 08:00:00 GMT

...Makro expanded its presence in Gauteng with the opening of a new urban store in Alberton on Wednesday. Massmart invested R400 million in the 19 008m 2 store, which will give spaza shops, small businesses, reseller and retailer shoppers easy access...

Thu, 25 Apr 2013 08:00:00 GMT

...pricing models might have supported the improved reputation. MTN featured in seventh position with 68.93 percent. Massmart recorded the poorest ranking of the large retailers, coming in 19th with 48.29 percent, behind British American...

Wed, 24 Apr 2013 16:00:00 GMT

...is not fantastic but within that consumers probably will grow no faster than 2.5% and if you listen to the updates of Massmart and so on recently saying consumers are still struggling. So the economy, on one hand, is slowing - it's not looking...

Wed, 24 Apr 2013 08:00:00 GMT

...(64.01); SABMiller (59.97); Bidvest (59.38); Barloworld (53.55); Imperial Holdings (53.02); Anglo American (51.90); AngloGold Ashanti (50.41); BHP Billiton (49.90); British American Tobacco (48.98); Massmart (48.29); and Gold Fields (48.18)....

Wed, 24 Apr 2013 08:00:00 GMT

...- 65.42 Shoprite - 64.01 SABMiller - 59.97 Bidvest - 59.38 Barloworld - 53.55 Imperial Holdings - 53.02 Anglo American - 51.90 AngloGold Ashanti - 50.41 BHP Billiton - 49.90 British American Tobacco - 48.98 Massmart - 48.29 Goldfields - 48.18...

Wed, 24 Apr 2013 08:00:00 GMT

...does not appear in the top 20. Retailers in the top 20 are Pick n Pay which placed third, Shoprite in 10th position and Massmart, which was 19th. With the exception of Woolworths, MTN and Absa, the remaining seventeen companies all improved on...

Wed, 24 Apr 2013 01:00:00 GMT

JOINING retailers highlighting the bleak consumer environment, Walmart-owned Massmart has reported disappointing sales growth. Its stock shed up to 3.28% on Monday to R191.99. The group said for the 14 weeks to March, total sales rose 10.3% and...

Tue, 23 Apr 2013 20:00:00 GMT

...of rivals. Coronation's Anton de Goede on the performance of listed property in 2013 so far. Peter Armitage on why Massmart's update yesterday is ominous for the retail sector as a whole, and David Shapiro of Sasfin is with us to make sense...

Tue, 23 Apr 2013 20:00:00 GMT

HILTON TARRANT: David Shapiro of Sasfin is with us for a final time before he jets off to the US. DAVID SHAPIRO: And to Omaha. HILTON TARRANT: And most importantly Omaha. What happens at Omaha? DAVID SHAPIRO: Lots. There's a big crowd going. It's...

Tue, 23 Apr 2013 12:00:00 GMT

...was down almost 3% as investors reacted to the annual results. Fellow retailer Shoprite gave up 1.75% to follow Massmart, which was down 0.92%, having lost more than 3% on Monday after its trading update. Among resources, Anglo American...

Tue, 23 Apr 2013 11:00:00 GMT

...The annual results are the first delivered by new chief executive Richard Brasher, the former head of Tesco's UK unit who is widely expected to hasten the business turnaround and help fend off competition from Wal-Mart unit Massmart. - Reuters...

Tue, 23 Apr 2013 09:00:00 GMT

...(LON) gave up 3.18 percent at R36.29 and Anglo American Platinum (AMS) was 2.56 percent weaker at R329.80. Retailer Massmart (MSM) closed 3.28 percent lower at R191.99 after it released a trading update on Monday showing sales for the 14 weeks...

Tue, 23 Apr 2013 08:00:00 GMT

...van hom verwag word om die groep se ommeswaai vinniger deur te voer en om terug te veg teen mededingers, insluitende Massmart, wat deur Wal-Mart oorgeneem is. Pick n Pay se aandeelprys het die afgelope 12 maande 6% verloor vergeleke met 'n...

Tue, 23 Apr 2013 08:00:00 GMT

...Pay this year, is widely expected to hasten the business turnaround and help it fend off competition from Walmart unit Massmart Holdings [JSE:MSM]. Pick n Pay said sales increased 7.1% to R59.3bn, beating a 5.6% growth rate in a Thomson Reuters...

Tue, 23 Apr 2013 06:00:00 GMT

Massmart increased its sales for the 14 weeks to March 31 by 10.3 percent year on year with comparable sales increasing by 6 percent, continuing the slower sales trends experienced towards the close of the financial year, the retailer said...

Tue, 23 Apr 2013 06:00:00 GMT

...Pay this year, is widely expected to hasten the business turnaround and help it fend off competition from Wal-Mart unit Massmart. Pick n Pay said sales increased 7.1 percent to 59.3 billion rand ($6.4 billion), beating a 5.6 percent growth rate in...

Tue, 23 Apr 2013 05:00:00 GMT

Massmart is bekommerd dat die groei in sy handelswins en verkope in die boekjaar tot einde Junie nie gelyk gaan trek nie. Sy totale verkope het in die 14 weke tot einde verlede maand met 10,3% gestyg teenoor die ooreenstemmende tydperk verlede...

Tue, 23 Apr 2013 05:00:00 GMT

JOHANNESBURG - Shares of South African retailer Massmart tumbled more than 3 percent on Monday, after the WalMart unit warned it may fall short of its profit target this year, squeezed by weak consumer spending. Massmart, the country's No.2...

Tue, 23 Apr 2013 05:00:00 GMT

Retailer Massmart, which is owned by US retail company Walmart, advised on Monday (22 April) that for the 14 weeks of this year, total sales were up by 10.3% and comparable sales increased by 6.0%, indicating a "slower sales trend" in South Africa....

Mon, 22 Apr 2013 20:00:00 GMT

...scrapers and the very heavy equipment. HILTON TARRANT: Just looking at one or two companies giving us some guidance, Massmart - it posted its annual report today, saying that in the 14 weeks to the end of March total sales up by 10.3%....

Mon, 22 Apr 2013 17:00:00 GMT

JOHANNESBURG - South African share prices weakened on Monday with retailer Massmart booking its biggest one-day drop in nearly two years after it said it may miss its own profit target. Gold mining shares bucked the trend, as spot bullion prices...

Mon, 22 Apr 2013 17:00:00 GMT

...4.46% to R1.17, while Lonmin gave up 3.18% at R36.29 and Anglo American Platinum was 2.56% weaker at R329.80. Retailer Massmart closed 3.28% lower at R191.99 after it released a trading update on Monday showing sales for the 14 weeks to end March...

Mon, 22 Apr 2013 11:00:00 GMT

...getoon as Brand Pretorius op sy soms uitdagende pas, soos beskryf in hierdie boek." - Mark Lamberti, voorsitter van Massmart Oor die outeur: Brand Pretorius staan wyd bekend in Suid-Afrika as "Mnr. Motor". Hy was die besturende direkteur van...

Mon, 22 Apr 2013 09:00:00 GMT

...by taking its pack sizes up. Further, Woolworths has offered customers bulk and new brands at competitive prices. Massmart is seeking to achieve a far more meaningful exposure to the middle segment of the market, which is Pick n Pay's core...

Mon, 22 Apr 2013 08:00:00 GMT

As Wal-Mart Stores plotted an African entry strategy, buying Massmart Holdings two years ago was just the right vehicle. With 377 stores across the continent and a strong position in South Africa, Massmart offered the Americans a firm foothold in a...

Thu, 18 Apr 2013 19:00:00 GMT

...Medical Scheme: 27 June Lonmin Medical Scheme: 20 June Makoti Medical Scheme: 4 June Malcor Medical Scheme: 26 June Massmart Health Plan: 6 June MBMed Medical Aid Fund: 12 June Medihelp: 20 June Medimed Medical Scheme: 5 June Medipos Medical...

Thu, 18 Apr 2013 09:00:00 GMT

...investment, believes Barclays Capital analyst Robert Drbul. But is Walmart a more compelling investment than Massmart, its 53%-owned SA subsidiary? Massmart's attraction rests partly on its ability to extract value from R5bn invested...

Thu, 18 Apr 2013 08:00:00 GMT

...One-time butcher Brett Latimer made an estimated R500m when he sold his low-income food retailer, Cambridge, to Massmart in 2010. With enough money to not have to work another day, Mr Latimer bought a few flashy trinkets such as a house in Clifton...

Wed, 17 Apr 2013 19:00:00 GMT

...brand supplies material handling equipment to some of Walmart's distribution centres, the majority stakeholder of the Massmart group which Massbuild falls under," says Lerato. Toyota Forklift's substantial African footprint was also a superior...

Wed, 17 Apr 2013 12:00:00 GMT

...at this all new environmentally friendly Makro store. Makro is South Africa's leading warehouse club. It is owned by Massmart, a JSE-listed company which in turn is 51% owned by the most successful and largest retail organisation in the World -...

Wed, 17 Apr 2013 08:00:00 GMT

17 April 2013 According to the Business Report of 12 April 2013 Minister Rob Davies at the launch of the IPAP 2013/14-15/16 punted the entry of Walmart into South Africa through the acquisition of Massmart as an exmaple of how foreign investment do...

Wed, 17 Apr 2013 06:00:00 GMT

Janice Kew As Wal-Mart Stores plotted an African entry strategy, buying Massmart Holdings two years ago was just the right vehicle. With 377 stores across the continent and a strong position in South Africa, Massmart offered the Americans a firm...

Tue, 16 Apr 2013 11:00:00 GMT

Johannesburg - As Wal-Mart Stores Inc. plotted an Africa strategy, buying Massmart Holdings Ltd. two years ago was just the right vehicle. With 377 stores across the continent and a strong position in South Africa, Massmart offered the Americans a...

Tue, 16 Apr 2013 05:00:00 GMT

...Even though Africa remains one of the final frontiers for retail, Walmart's recent acquisition of South Africa's Massmart shows how seriously global retailers are now taking the continent. Nearly a quarter of retailers surveyed stated that...

Mon, 15 Apr 2013 19:00:00 GMT

...more. One consequence has been the remarkable change of heart by Davies on Walmart's acquisition of a majority stake in Massmart. Davies said last week that his department had recognised that the economy needed to be more open to foreign...

Mon, 15 Apr 2013 09:00:00 GMT

...gave back 3.04 percent to R388. Of the banks Absa (ASA) was hardest hit down 2.55 percent to R153. In major retailers, Massmart (MSM) fared worst, giving back 2.14 percent to R196.50. Cement producer PPC (PPC) bucked the general market trend,...

Sun, 14 Apr 2013 14:00:00 GMT

...ONE-time butcher Brett Latimer made an estimated R500m when he sold his low-income food retailer, Cambridge, to Massmart in 2010. With enough money to not have to work another day, Mr Latimer bought a few flashy trinkets such as a house in Clifton...

Sat, 13 Apr 2013 08:00:00 GMT

...at this all new environmentally friendly Makro store. Makro is South Africa's leading warehouse club. Its is owned by Massmart, a JSE listed company which in turn is 51% owned by the most successful and largest retail organization in the World -...

Fri, 12 Apr 2013 17:00:00 GMT

...R69.15 and Sasol gave back 3.04% to R388. Of the banks, Absa was hardest hit, down 2.55% to R153. In major retailers, Massmart fared the worst, giving back 2.14% to R196.50. Cement producer PPC bucked the general market trend, adding 1.61% to...

Fri, 12 Apr 2013 06:00:00 GMT

...costly legal battle it seems that at least one government department believes Walmart's controversial acquisition of Massmart might be good for jobs. Launching the Industrial Policy Action Plan 2013/14 last week, Trade and Industry Minister Rob...

Thu, 11 Apr 2013 11:00:00 GMT

...meetings, and there has been no formal offer. Insiders also say Walmart will focus more on its African acquisition of Massmart (51% majority interest) in South Africa, which closed in November. The $2.4 billion deal gave Walmart an instant...

Thu, 11 Apr 2013 06:00:00 GMT

...residents. The centre will boast 40 shops, anchored by a 3 500m² Shoprite Checkers and a 2 500m² Cambridge, the new Massmart Group supermarket. The centre will also have clothing stores, offer medical services, banks and a variety of services...

Wed, 10 Apr 2013 20:00:00 GMT

...interestingly, the one share that we haven't followed for a long time, in fact that has captured my interest, has been Massmart. It broke through over R200 today, and you've got the 52-week highs - it's certainly a 52-week high. HILTON TARRANT:...

Wed, 10 Apr 2013 06:00:00 GMT

...BEE scorecard is at a level 2 of an enterprise development contributor status." Other food retailers such as Massmart, Shoprite and Woolworths have also worked on their supplier development programmes over the years. During the second...

Tue, 09 Apr 2013 19:00:00 GMT

...Massbuild, the DIY division of Massmart, announced at its recent annual conference that AfriSam is its Supplier of the Year. The Supplier of the Year title is awarded to the Massmart supplier who has exhibited the best all-round performance. Key...

Tue, 09 Apr 2013 11:00:00 GMT

...at this all new environmentally-friendly Makro store. Makro is South Africas leading warehouse club. Its is owned by Massmart, a JSE-listed company, which in turn is 51 per cent owned by the most successful and largest retail organisation in...

Tue, 09 Apr 2013 09:00:00 GMT

...slowdown in retail sales volumes in the first quarter of the year. This confirms what major retailers such as Shoprite, Massmart and Truworths have cautioned - that the long-threatened consumer spending slump is well under way. Sa workers 'losing...

Tue, 09 Apr 2013 05:00:00 GMT

...Even though Africa remains one of the final frontiers for retail, Walmart's recent acquisition of South Africa's Massmart shows how seriously global retailers are now taking the continent. Nearly a quarter of retailers surveyed stated that...

Tue, 09 Apr 2013 04:00:00 GMT

...is tans nog ná Amerika en China op die gewildheidsleer. Walmart se onlangse verkryging van die meerderheidsbelang in Massmart is volgens hom sprekend daarvan hoe ernstig wêreldwye kleinhandelrolspelers nou die vasteland opneem. Bykans 'n kwart...

Mon, 08 Apr 2013 11:00:00 GMT

...to Barclays, Africa remains one of the final frontiers for retail but the recent acquisition of South Africa's Massmart shows how seriously global retailers are now taking the continent. It adds, "Nearly a quarter of retailers surveyed...

Sun, 07 Apr 2013 19:00:00 GMT

...services to retailers, supermarkets, shop owners, traders and general merchants. The recent investment from Wal-mart in Massmart South Africa boosted confidence in the retail sector and shows good growth prospects on the continent. Apart from...

Thu, 04 Apr 2013 14:00:00 GMT

...African companies getting access to other countries in return. "(US retailer) Walmart's takeover of South Africa's Massmart deal has begun to create jobs. We see that foreign companies coming into South Africa bring opportunities but we also...

Thu, 04 Apr 2013 08:00:00 GMT

...Even though Africa remains one of the final frontiers for retail, Walmart's recent acquisition of South Africa's Massmart shows how seriously global retailers are now taking the continent. Nearly a quarter of retailers surveyed stated that...

Wed, 03 Apr 2013 19:00:00 GMT

...the survey found. "Africa remains one of the final frontiers for retail, but the recent acquisition of South Africa's Massmart shows how seriously global retailers are now taking the continent," Barclays said in a statement. Almost a quarter of...

Wed, 03 Apr 2013 14:00:00 GMT

...Even though Africa remains one of the final frontiers for retail, Walmart's recent acquisition of South Africa's Massmart shows how seriously global retailers are now taking the continent. Nearly a quarter of retailers surveyed stated that...

Wed, 03 Apr 2013 07:00:00 GMT

...Even though Africa remains one of the final frontiers for retail, Walmart's recent acquisition of South Africa's Massmart shows how seriously global retailers are now taking the continent. Nearly a quarter of retailers surveyed stated that...

Tue, 02 Apr 2013 19:00:00 GMT

...that, while Africa remained one of the final frontiers for retail, Walmart's recent acquisition of South Africa's Massmart indicated increasing global retailer interest in the continent. Nearly one-quarter of retailers surveyed believed that...

Tue, 02 Apr 2013 11:00:00 GMT

...Africans with consumption spending of $10-20 a day. Mncane Mthunzi, an executive director at South African retailer Massmart, said companies should not be fixated on the definition of the African middle class. "For us retailers we use...

Tue, 26 Mar 2013 08:00:00 GMT

...we've been able to connect local suppliers to a global market," reiterates Ramesh Subbiah, global sourcing executive, Massmart. "The opportunities are there and with Walmart's knowhow there are even more ways for us to help and develop some of...

Tue, 26 Mar 2013 06:00:00 GMT

...first of a new chain of budget hotels in Johannesburg today, its fishing company, Oceanfresh, has become a supplier to Massmart, which is now controlled by Walmart, America's largest retailer. Massmart is providing local suppliers with...

Mon, 25 Mar 2013 21:00:00 GMT

...Walmart entered Africa's largest consumer market in 2011 with the acquisition of a majority stake in Johannesburg-based Massmart Holdings. The efforts to boost sales of South African wine in the US are taking place as the rand trades at a...

Mon, 25 Mar 2013 19:00:00 GMT

...One of the ways Massmart measures its success is by the number of Massmart facilitated African supplier listings in other Walmart markets. Lonrho's Oceanfresh Seafoods, local purveyor of fresh and frozen seafood, has recently been listed in Sam's...

Fri, 22 Mar 2013 09:00:00 GMT

...he devotes more than 40% of his R11,000 monthly salary to loan payments. The cutbacks are unwelcome news for Shoprite, Massmart and other leaders of South Africa's $72bn retail sector. Spending on food and clothing faces a hit this year, meaning...

Wed, 20 Mar 2013 14:00:00 GMT

...entered Africa's largest consumer market in 2011 with the acquisition of a majority stake in Johannesburg-based Massmart Holdings Ltd. The efforts to boost sales of South African wine in the US are taking place as the rand trades at a...

Wed, 20 Mar 2013 14:00:00 GMT

...than 40% of his R11 000 monthly salary to loan payments. The cutbacks are unwelcome news for Shoprite Holdings Ltd., Massmart Holdings Ltd. and other leaders of South Africa's $72 billion retail sector. Spending on food and clothing faces a hit...

Wed, 20 Mar 2013 11:00:00 GMT

...40 percent of his 11,000 rand ($1,200) monthly salary to loan payments. The cutbacks are unwelcome news for Shoprite, Massmart and other leaders of South Africa's $72 billion retail sector. Spending on food and clothing faces a hit this year,...

Wed, 20 Mar 2013 08:00:00 GMT

Daniel Isaacs of 36One Asset Management and our resident expert Paul Theron from Vestact have selected Massmart, as today's stock pick. Massmart trades as Makro, Game, DionWired, Cambridge, and CBW and importantly for this discussion, as Builders...

Wed, 20 Mar 2013 08:00:00 GMT

Massmart trades as Makro, Game, DionWired, Cambridge, and CBW and importantly for this discussion, as Builders Warehouse and Builders Express, It is 51% held by Wal-Mart, and has a market cap of R40.2 billion, a dividend yield of 2.5% and a price...

Wed, 20 Mar 2013 06:00:00 GMT

...their produce to Spar and Pick n Pay retail stores. Discussions are also underway to secure supply contracts from Massmart stores. We acknowledge that these interventions need consolidation, a process we are undertaking. We have also...

Tue, 19 Mar 2013 19:00:00 GMT

...in the limelight for global consumer firms since Wal-Mart's $2.4 billion acquisition in 2011 of South African retailer Massmart gave the world's largest retailer a foothold in several sub-Saharan countries. P&G, which already makes nappies for...

Tue, 19 Mar 2013 19:00:00 GMT

...in the limelight for global consumer firms since Wal-Mart's $2.4 billion acquisition in 2011 of South African retailer Massmart gave the world's largest retailer a foothold in several sub-Saharan countries. P&G, which already makes nappies for...

Tue, 19 Mar 2013 13:00:00 GMT

...in the limelight for global consumer firms since Wal-Mart's $2.4 billion acquisition in 2011 of South African retailer Massmart gave the world's largest retailer a foothold in several sub-Saharan countries. P&G, which already makes nappies for...

Tue, 19 Mar 2013 12:00:00 GMT

...enough to swallow up most, if not all, of the JSE! Now very active in South Africa and increasingly Africa, through Massmart (Game, Makro, Dion, Builders Warehouse etc.) Apart from Walmart none of the brands are active in Africa e.g., after...

Mon, 18 Mar 2013 08:00:00 GMT

...the long form include ArcelorMittal, Absa, Kumba, Woolworths, Anglo American, JD Group, ARM, AECI, Murray & Roberts and Massmart. Alban Atkinson, managing director at INCE, one of the big agencies in the investor relations market, said it seems as...

Sun, 17 Mar 2013 11:00:00 GMT

...furniture giants such as Ellerines and the JD Group; large food retailers such as Pick n Pay, Spar, Checkers and Massmart; and manufacturers such as Tiger Brands, Unilever and Nestlé. In what is starting to become a trend across all...

Fri, 15 Mar 2013 19:00:00 GMT

...retailers, wholesalers and manufacturers of consumer goods including Tiger Brands, Pioneer Foods, Premier Foods, Massmart and countless SMMEs. Most will undoubtedly remember the fanfare with which the Consumer Protection Act 68 of 2008 was...

Fri, 15 Mar 2013 19:00:00 GMT

...4% there and there, depending on the stock. WAYNE McCURRIE: But the heavyweights, Shoprite is down, Woolies Is down, Massmart is down. But Foschini went up a little and Cashbuild went up a little bit. But the real heavyweight shares are down....

Thu, 14 Mar 2013 06:00:00 GMT

...to R116.80 and Woolworths shed 2.1 percent to close at R69.95. Other retail stocks that lost ground were Truworths, Pick n Pay and JD Group. Massmart and Shoprite ended the day marginally lower, but they held up better than most of their peers....

Tue, 12 Mar 2013 20:00:00 GMT

...worried when you hear things like that? DAVID SHAPIRO: Ja, trading's tough. HILTON TARRANT: We started to see it in the Massmart numbers... DAVID SHAPIRO: I think it's a lot rougher out there than we are admitting, and we are not benefiting from...

Sun, 10 Mar 2013 19:00:00 GMT

...A WESTERN CAPE-based farming community retailer is fast cementing its reputation as the 'Boere Massmart' as its new trading formats gain traction. Kaap Agri recently released stunning results to end the end of September 2012 - a profit performance...

Sun, 10 Mar 2013 08:00:00 GMT

...According to Gerald Mahinda, MD of Brandhouse, consumers are "everybody who has a need beyond their basic needs". Massmart executive director Mncane Mthunzi said one should not fixate on the definition of a middle class. "Do you have money...

Sun, 10 Mar 2013 08:00:00 GMT

...have been equally generous. Last year, Shoprite paid a final dividend of R940-million, while Walmart's local arm Massmart declared a R268m dividend. Pick n Pay's dividend payment to shareholders came in at R92-million and Woolworths...

Fri, 08 Mar 2013 05:00:00 GMT

...(MTN, Wimpy and FNB), Euro RSCG (Reckitt Benckiser), as well as corporate clients like Stanlib, Nedbank, Massmart and the SABC. Festus Masekwameng was introduced to advertising in 1999 after discovering the AAA school while dj'ing...

Fri, 08 Mar 2013 04:00:00 GMT

...is om daardie produkte by hulle uit te kry in die onderskeie lande," sê Mahinda. Mncane Mthunzi, uitvoerende hoof van Massmart, sê Massmart volg twee strategieë in Afrika. Die een is om verbruikersmarkte in 70 geteikende stede te ontgin. Die...

Thu, 07 Mar 2013 10:00:00 GMT

...occasionally, however, a wandering albatross drops off an exceptional feel-good tale. Armed with a sponsorship from Massmart subsidiary Builders Warehouse, a General Motors-provided utility vehicle and two Jack Russells, Maria Botha travels...

Wed, 06 Mar 2013 21:00:00 GMT

...in consumer spending. Most retailers have warned of slowing growth in their recent trading statements or results. Massmart said trading conditions remain weak and margins are contracting and Shoprite warned at its results presentation this...

Wed, 06 Mar 2013 21:00:00 GMT

...out that problem for us in an amicable way." After the competition commission saga, Combi left his board seat at Massmart after seven years. At around the same time Walmart began its flirtation with Massmart. "He certainly was a key member...

Wed, 06 Mar 2013 06:00:00 GMT

...Walmart's entry into the country has proved to be rather low key since the deal to acquire a controlling interest in Massmart was done some two years ago. It may be too early to assess the effect of the US giant's arrival, given that the...

Tue, 05 Mar 2013 20:00:00 GMT

...High Court Judge Dennis Davis, who overturned the government's appeal on the Massmart/Walmart merger, has been appointed to head the government's review of South Africa's tax system. A Moneyweb report notes the review was first mentioned by...

Tue, 05 Mar 2013 20:00:00 GMT

...Holdings Limited Liberty Holdings Limited Sasol Aveng Limited Lonmin plc Standard Bank Group Barloworld Limited Massmart Holdings Limited Steinhoff International BHP Billiton Merafe Resources Sun International Ltd The Bidvest Group Limited...

Tue, 05 Mar 2013 12:00:00 GMT

...with big value, low prices and a very comprehensive range of products under one roof. The business is owned by Massmart, a JSE listed company which is in turn 51% owned by the largest retailer in the world - Walmart. Makro currently has...

Mon, 04 Mar 2013 17:00:00 GMT

...counter Sibanye relinquished 4.35% to R13.20. Among retailers, The Foschini Group closed down 2.43% at R104.20 and Massmart was 2.01% softer at R185.67. Times Media dipped 3.38% to R14.01 and Comair dropped 6.82% to R2.05. MTN shed 3.08% to...

Mon, 04 Mar 2013 15:00:00 GMT

...Mauritius has been a major beneficiary of the status quo - you'll find holding companies for everyone from Vodacom to Massmart in the island nation. It provides zero exchange control combined with a good legal system, financial connections to...

Mon, 04 Mar 2013 12:00:00 GMT

...shed 4.35% to R13.20. In banking and financials Standard Bank gave up 1.01% to R116.91 and Santam was off 1.09% to R190.20. Among retailers Woolies lost 1.8% to R65.35, Shoprite relinquished 1.23% to R168.84 and Massmart was down 1.67% at R186.30....

Mon, 04 Mar 2013 09:00:00 GMT

...Page: 1 2 When Walmart came into South Africa through its 51% acquisition of Massmart in 2011 there was near-hysteria about lower prices and changes to the retail landscape. This did not happen, apart from some extended promotions. When...

Mon, 04 Mar 2013 05:00:00 GMT

...(MTN, Wimpy and FNB), Euro RSCG (Reckitt Benckiser), as well as corporate clients like Stanlib, Nedbank, Massmart and the SABC. Festus Masekwameng was introduced to advertising in 1999 after discovering the AAA school while serving...

Sun, 03 Mar 2013 12:00:00 GMT

...WHEN Walmart came into South Africa through its 51% acquisition of Massmart in 2011 there was near-hysteria about lower prices and changes to the retail landscape. This did not happen, apart from some extended promotions. When Walmart-branded...

Fri, 01 Mar 2013 19:00:00 GMT

...of South Africa; Busisiwe Hadebe, Economist at Nedbank on the latest credit extension data; Grant Pattison, CEO of Massmart, Bruce Hemphill, CEO of the Liberty Group, Henry Laas, CEO of Murray & Roberts, Fred Platt, CEO of Accentuate, and...

Fri, 01 Mar 2013 10:00:00 GMT

Massmart will focus on improving its operations, as the legal aspects of the Walmart transaction have been put to bed. Group chief executive Grant Pattison said on Thursday: "The legal aspects of the Walmart transaction and the integration...

Fri, 01 Mar 2013 09:00:00 GMT

Jim Jones Anyone expecting an early indication that Massmart's integration with controlling shareholder Walmart was delivering sales and profit improvements will have to wait a while longer. Reporting on the 26 weeks to end-December, CEO Grant...

Fri, 01 Mar 2013 08:00:00 GMT

...with big value, low prices and a very comprehensive range of products under one roof. The business is owned by Massmart, a JSE listed company which is, in turn, 51 per cent owned by the largest retailer in the world - Walmart. Makro...

Fri, 01 Mar 2013 08:00:00 GMT

...main units, namely Asset Backed Lending, Unsecured Lending, Credit Services and Payment Services. Its CEO is former Massmart chief Mark Lamberti. It has a market cap of R4.5 billion, trades on a PE of 9.6 and a dividend yield of 1.2%. Jean...

Fri, 01 Mar 2013 07:00:00 GMT

WALMART subsidiary Massmart is setting itself up to supply the rest of Africa, it said on Thursday in its interim results for the 26 weeks ended December 23. CEO Grant Pattison said Massmart was increasing its footprint in various African countries...

Fri, 01 Mar 2013 05:00:00 GMT

Kaapstad. - Massmart verwag stewige uitbreiding en groei in die volgende vyf tot tien jaar. Sy varsvoedselsake krap reeds in die slaai van mededingers soos Shoprite en Pick n Pay. Die eerste fase van die opgradering van sy verskaffingsketting sal...

Thu, 28 Feb 2013 20:00:00 GMT

HILTON TARRANT: Massmart, majority owned by Walmart, today reported results for the six months to December. The retailer, which operates the Makro, Game, DionWired, Builders Warehouse and Cambridge Foods stores, said sales increased by almost 15%...

Thu, 28 Feb 2013 20:00:00 GMT

...good volumes pretty much across the board. Resources the laggards in the green space, retailers still under pressure, Massmart results least under pressure, Shoprite and Woolies still taking it. I'm not convinced we are yet seeing sector...

Thu, 28 Feb 2013 19:00:00 GMT

Massmart reported a 21% drop in first half headline earnings per share to 326 cents. That's as the group was hit by costs related to its deal with the world's biggest retailer Walmart. To unpack these numbers is Grant Pattison, CEO of Massmart....

Thu, 28 Feb 2013 19:00:00 GMT

Commenting on the results, Massmart CEO Grant Pattison said: "We are pleased with the Group's trading performance, particularly given the difficult market conditions. Massmart has successfully established itself into the food retail market with an...

Thu, 28 Feb 2013 17:00:00 GMT

...to the SAfm Market Update with Moneyweb. Hilton Tarrant with you on this Thursday evening. Tonight, just how well is Massmart's push into food retail faring? The group, which is 51% owned by the world's largest retailer, Walmart, saw mixed...

Thu, 28 Feb 2013 11:00:00 GMT

Massmart se aandeelprys het met meer as 'n persent geval nadat die groep se tussentydse wins met 21% geval het. Die winsdaling was grootliks weens koste wat verband gehou met Walmart se oorname van 'n beherende belang in die groep. Die groep se...

Thu, 28 Feb 2013 11:00:00 GMT

...(MTN, Wimpy and FNB), Euro RSCG (Reckitt Benckiser), as well as corporate clients like Stanlib, Nedbank, Massmart and the SABC. Masekwameng was introduced to advertising in 1999 after discovering the AAA school while DJ'ing for the...

Thu, 28 Feb 2013 09:00:00 GMT

Page: 1 2 Retailer Massmart Holdings Limited (MSM) said in a trading update on Thursday that for the 26 weeks ended December 23 2012, Massmart's total sales increased by 14.7 percent over the prior comparative period, while operating...

Thu, 28 Feb 2013 08:00:00 GMT

Massmart, the South African unit of Wal-Mart Stores Inc reported a 21 percent drop in first-half profit, hit by costs related to its deal with the world's biggest retailer. Massmart, the high volume, low margin retailer that sells everything from...

Thu, 28 Feb 2013 07:00:00 GMT

MASSMART, the South African unit of US retailer Walmart, on Thursday reported a 21% drop in first-half profit, hit by costs related to its deal with the world's biggest retailer. Massmart, the high-volume, low-margin retailer that sells everything...

Thu, 28 Feb 2013 07:00:00 GMT

...High Court Judge Dennis Davis, who overturned the government's appeal on the Massmart/Walmart merger, has been appointed to head the government's review of SA's tax system. A Moneyweb report notes the review was first mentioned by President Jacob...

Thu, 28 Feb 2013 06:00:00 GMT

Massmart delivered strong total sales for the six months to December 2012 which increased by 14.7% to R36,122.6 million. After adjusting for foreign exchange movements and Walmart transaction costs, including the R140m additional Supplier...

Thu, 28 Feb 2013 06:00:00 GMT

Sales up by 14.7% R36,123m (2011: R31,492m) Operating profit before walmart costs and forexup by 6.1% R1,407m (2011: R1,326m) Cash generated from operationsdown by 21.3% R2,818m (2011: R3,580m) Headline earnings before walmart costs and forexup by...

Wed, 27 Feb 2013 21:00:00 GMT

...and auto sectors. And assisted by Walmart's R240m supplier development fund (established as a precondition of its Massmart acquisition) her products will be stocked by Builders Warehouse stores nationwide by April. Pitsi (40) is a Cambridge...

Wed, 27 Feb 2013 12:00:00 GMT

...Respected High Court judge, Dennis Davis, who overturned the government's appeal on the Massmart/Walmart merger, has been appointed to head the government's review of South Africa's tax system. The review was first mentioned by President Zuma...

Tue, 26 Feb 2013 08:00:00 GMT

...Garach, of Garach & Garach Financial Advisory Services added his voice to a call earlier by entrepreneurial leader and Massmart founder Mark Lamberti for the creation of a Ministry of Entrepreneurship in South Africa. Garach said, "Minister...

Tue, 26 Feb 2013 06:00:00 GMT

...and mind sets and how to develop the local institutions needed to support a vibrant private sector." Partnering with Massmart in their Direct Farm launch last year, TechnoServe put locally produced small-scale farmers' produce on the shelves of...

Mon, 25 Feb 2013 04:00:00 GMT

...a small amount in our equity market. Many companies listed on the JSE have majority foreign shareholdings, including Massmart, Naspers and Lonmin to name just few. Despite this massive inflow, which helped to counter the balance of payments...