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Massmart in the news

Sun, 05 Feb 2012 09:00:00 GMT

...weight to all views and insists on debating ad infinitum anything tough that needs a decision. So, almost a year after Massmart's merger with Walmart was approved, the case is still awaiting resolution by the Competition Tribunal to which three...

Fri, 03 Feb 2012 04:00:00 GMT

...The South African recovery was underpinned by the contested $2.4-billion purchase of a majority interest in JSE-listed Massmart by retail giant Wal-Mart, of the US. The deal was itself not large enough to feature on the United Nations Conference...

Thu, 02 Feb 2012 11:00:00 GMT

...Africa, which sometimes fundamentally includes an investment in SA given the size and sophistication of the SA economy; Massmart is a prime example of this. As part of an overall market entry strategy, investors, of course, also consider other...

Thu, 02 Feb 2012 09:00:00 GMT

...in the retail sector will rise sharply once the Walmart machine gets into top gear through recently acquired Massmart. "The discount offers we have seen so far from Massmart are just a foretaste of what's to come," says Gilmour . How...

Thu, 02 Feb 2012 09:00:00 GMT

...Food retailer Shoprite saw sales growth accelerate to year-end. Pick n Pay seems happy. And general retailer Massmart recorded a 15,2% y/y increase in sales for the second half of 2011. In sharp contrast to these trends, furniture...

Thu, 02 Feb 2012 06:00:00 GMT

...builders are now pushing these up. So expect good results from companies like that. I think you'll even see that in Massmart a well, in Builders Warehouse and companies like that - that you are going to have better results there. - Subscribe...

Wed, 01 Feb 2012 11:00:00 GMT

...this start to the year any year from now until I retire and I am pretty sure that we will all be just completely fine. Massmart released a trading statement for the six months to end 25 December 2011, with the actual results expected in three...

Wed, 01 Feb 2012 05:00:00 GMT

...the world' largest supermarket chain showed ambitious plans to enter the African market via a $4,2Billion bid for Massmart in September 2010, which was a vote of confidence in South Africa and the retail sector. The proposed offer of $2.10...

Wed, 01 Feb 2012 04:00:00 GMT

...succeed in their legal challenge to the purchase, by global retailer Walmart, of 51 percent of local company Massmart. The Competition Appeal Court is expected to announce its decision on the $2.4bn transaction later this month. In...

Wed, 01 Feb 2012 04:00:00 GMT

...top management. They are really doing really great guns, and you wouldn't want to bet against them. HILTON TARRANT: Massmart quantifying its earnings. It provided a sales update a couple of weeks ago, giving us some insight into how the...

Tue, 31 Jan 2012 13:00:00 GMT

Consumer goods distributor Massmart Holdings advised on Tuesday, 31 January, that headline earnings per share (HEPS) would be between 10%-18% higher, or 402.4 cents to 431.6 cents, for the six months to 25 December 2011. Excluding forex, earnings...

Tue, 31 Jan 2012 11:00:00 GMT

Consumer goods distributor Massmart Holdings (MSM) advised on Tuesday that headline earnings per share (HEPS) would be between 10 percent -18 percent higher, or 402.4 cents to 431.6 cents, for the six months to 25 December 2011. Excluding forex,...

Tue, 31 Jan 2012 08:00:00 GMT

Johannesburg, Jan 31 (I-Net Bridge) - Consumer goods distributor Massmart Holdings (MSM) advised on Tuesday that headline earnings per share (HEPS) would be between 10%-18% higher, or 402.4 cents to 431.6 cents, for the six months to 25 December...

Mon, 30 Jan 2012 11:00:00 GMT

...leading the local pack by coming in at number 92 on the global ranking system with sales in 2010 totalling $10 billion. Massmart is the second largest retailer in Africa and 126th on the global ranking. Pick n Pay is not far behind at number 133....

Sun, 29 Jan 2012 14:00:00 GMT

...Minister Tina Joemat-Pettersson and Economic Development Minister Ebrahim Patel - who opposed to the Walmart buyout of Massmart - in the runners-up category, at least as far as the public spotlight is concerned. The three Ms more than anyone else...

Sun, 29 Jan 2012 14:00:00 GMT

...in Africa and the Middle East and was previously 95th on the global list. In 2010 sales were worth around $10bn. Massmart Holdings [JSE:MSM] is the second largest in Africa and 126th on the global ranking, with sales of $7.6bn. Pick n Pay...

Fri, 27 Jan 2012 20:00:00 GMT

...International retail giant Walmart's proposed takeover of local retailer Massmart was hotly contested, but was predicted to offer positive spin-offs for local food producers. The companies said they anticipated the creation of thousands of local...

Wed, 25 Jan 2012 19:00:00 GMT

...The South African recovery was underpinned by the $2.4-billion purchase of a majority interest in JSE-listed Massmart by retail giant Wal-Mart, of the US. The deal was not large enough to feature on Unctad's list of the 70 cross-border...

Wed, 25 Jan 2012 19:00:00 GMT

...economies. Goldman Sachs banking division head for Africa: natural resources investment Nana Sao pointed to the Walmart/Massmart deal as being encouraging, as it demonstrated how South Africa could be used as a gateway to Africa. "For the first...

Wed, 25 Jan 2012 08:00:00 GMT

...significantly by Wal-Mart Stores Inc.'s (WMT) $2.4 billion acquisition of a majority stake in South African retailer Massmart Holdings Ltd. (MSM.JO). The rise in South Africa comes even as many investors grow wary of the country's political...

Wed, 25 Jan 2012 06:00:00 GMT

...on record. Five companies in the MSCI South Africa Consumer Staples Index including Shoprite Holdings Ltd. (SHP) and Massmart Holdings Ltd. (MSM) are rated the lowest among peers in 36 countries, according to more than 3,800 recommendations...

Mon, 23 Jan 2012 19:00:00 GMT

...SHAPIRO: Disappointing update there. I think that's really on the back of results. I think other shares like Mr Price, Massmart... HILTON TARRANT: Shoprite softening slightly, Massmart... DAVID SHAPIRO: But, Hilton, in all fairness, if you look...

Mon, 23 Jan 2012 07:00:00 GMT

...in the period declined by a hefty 5.2%. In the category of food and general merchandise, in the six months to December Massmart grew by 15.2% while Shoprite (JSE:SHP) grew turnover by 13.2% to some R41.1bn. Closer examination reveals somewhat...

Fri, 20 Jan 2012 19:00:00 GMT

...7.5% in October. On a month-to-month basis, retail sales in November contracted 0.3%. Recent sales update from big retailers such as Shoprite, Woolworths, Clicks, Truworths, Massmart and Foschini showed that consumer' spending confidence was high....

Thu, 19 Jan 2012 06:00:00 GMT

...strengthened 45 cents or 2.05 percent to R22.35. In retail, Shoprite (SHP) climbed R1.89 or 1.39 percent to R137.99, Massmart (MSM) was up four rand or 2.20 percent, while Clicks (CLS) shed 146 cents or 3.34 percent to R42.20. The Foschini...

Thu, 19 Jan 2012 05:00:00 GMT

...South African market follows the huge US chain Walmart's 16.5 billion rand ($2 billion, 1.5 billion euro) takeover of Massmart, a South African retailer with nine wholesale and retail chains with 288 stores in 14 African countries. Both are...

Wed, 18 Jan 2012 19:00:00 GMT

...FirstRand (FSR) strengthened 45 cents or 2.05% to R22.35. In retail, Shoprite (SHP) climbed R1.89 or 1.39% to R137.99, Massmart (MSM) was up four rand or 2.20%, while Clicks (CLS) shed 146 cents or 3.34% to R42.20. The Foschini Group (TFG) lost...

Wed, 18 Jan 2012 08:00:00 GMT

...According to analysts, recent sales updates from retailers such as Woolworths, Clicks, Shoprite, Mr Price and Massmart forecast a difficult year ahead as consumer confidence declined, coupled with a weaker rand and rising inflation....

Wed, 18 Jan 2012 04:00:00 GMT

...has to be a bit of a corporate action premium in both of these. I don't think Walmart is the end of the story with Massmart by any stretch of the imagination, and I suspect a potential corporate action is holding these things up. But even so,...

Tue, 17 Jan 2012 11:00:00 GMT

...maintain this run rate, that is going to be "crazy hard", and two, who do we compare the likes of Shoprite and Massmart to? Most certainly not Tesco which the market affords a less than ten times earnings (after a rubbish trading update)...

Mon, 16 Jan 2012 08:00:00 GMT

Massmart's long nurtured objectives of establishing their own fresh food supply chain and expanding their retail offering have now become an attainable reality. The Competition Commission approved Massmart subsidiary Makro's application for the...

Mon, 16 Jan 2012 04:00:00 GMT

Massmart Holdings, controlled by Walmart, fell for the first time in nine trading days after Deutsche Bank cut its recommendation on the stock to sell from hold. Massmart closed 2.16 percent lower at R178.76 on Friday and Deutsche Bank's 12-month...

Sun, 15 Jan 2012 11:00:00 GMT

...supermarket scene ex-growth, directors in the Tesco boardroom will be following Walmart's SA success story with envy - Massmart reported sales up over 15% to R32 billion in the last half of 2011. Which local supermarket group could they invest in...

Sat, 14 Jan 2012 04:00:00 GMT

...shares were down today. ALEC HOGG: All right, so 1.25% not really significant. There was a downgrading by Deutsche on Massmart - did you pick that one up? WAYNE McCURRIE: Yes. And that's just purely a share price issue. Massmart - you can't...

Fri, 13 Jan 2012 20:00:00 GMT

...of early movers? "Anyone embarking on an Africa strategy now has left it too late: says Grant Pattisson, CEO of Massmart, which has more than 30 stores, most of them Game outlets in 13 African countries outside South Africa. The world's...

Fri, 13 Jan 2012 19:00:00 GMT

...when its slow stochastic and RSI hit the 80 and 70 mark, respectively. Among equity movers, discount retailer Massmart dropped 2.16% to R178.76, pulling back from a lifetime higher achieved this week after saying first-half sales rose...

Fri, 13 Jan 2012 19:00:00 GMT

...when its slow stochastic and RSI hit the 80 and 70 mark, respectively. Among equity movers, discount retailer Massmart dropped 2.16 percent to 178.76 rand, pulling back from a lifetime higher achieved this week after saying first-half...

Fri, 13 Jan 2012 13:00:00 GMT

Massmart Holdings Ltd. (MSM), a South African retailer controlled by Wal-Mart Stores Inc., fell for the first time in nine trading days after Deutsche Bank AG cut its recommendation on the stock to "sell" from "hold." Massmart declined as much as...

Fri, 13 Jan 2012 09:00:00 GMT

...of many of these companies. "Sasol is about 30 percent foreign-owned and Arcelor-Mittal is 65 percent foreign owned. Massmart is 60 percent foreign-owned, Shoprite is 35 percent, Truworths is 50 percent, Foschini is 40 percent, JD Group is 40...

Fri, 13 Jan 2012 04:00:00 GMT

...because it's just so out of sync with the underlying economic growth. But we had incredible results yesterday from Massmart, a super result, and a similar type of result from Mr Price. So what's happening is probably, having spoken to banks,...

Thu, 12 Jan 2012 13:00:00 GMT

Retail group Massmart Holdings (MSM) reported on Wednesday, 11 January, that the group's total sales for the 26 weeks to December 2011 had increased to R31.6 billion, representing growth of 15.2% over the prior 26-week period, with year-to-date...

Thu, 12 Jan 2012 13:00:00 GMT

...are due to release festive trading updates over the next two weeks, early indications are encouraging. On Wednesday Massmart Holdings, owner of Makro, Game and Builders Warehouse said total sales for the 26 weeks to December 2011 increased to...

Thu, 12 Jan 2012 08:00:00 GMT

Massmart rose to a record high on the JSE yesterday after the Walmart-controlled wholesaler and retailer announced sales for the 26 weeks to the end of December 2011 had increased by 15.2 percent to R31.6 billion. The stock rose as much as 2.2...

Thu, 12 Jan 2012 08:00:00 GMT

The Public Investment Corporation (PIC), which is the largest South African investor in Walmart-controlled Massmart, would increase its engagement with Massmart if it found evidence that the retailer had adopted Walmart practices that contravened...

Thu, 12 Jan 2012 06:00:00 GMT

...and economic observations - go out to 7500 followers. Other South African CEOs on Twitter include Grant Pattison of Massmart , Mail & Guardian publisher Trevor Ncube, Gian Visser of AfriHost, Matthew Buckland of Memeburn.com, Pieter Uys of...

Thu, 12 Jan 2012 05:00:00 GMT

...Shopping Annual results 23/02 BATS Annual results 24/02 Bidvest Interim results 24/02 Grindrod Annual results 22/02 Massmart Interim results 22/02 Blue Label Telecoms Interim results 28/02 Hulamin Annual results 28/02 Firstrand Interim results...

Thu, 12 Jan 2012 04:00:00 GMT

...a dollar-denominated bond so for us there's a currency risk. We've got to keep the rand pretty stable. HILTON TARRANT: Massmart offer a trading update for the 26 weeks to December - R31.6bn up, 15%. DAVID SHAPIRO: I was thinking of a tweet -...

Thu, 12 Jan 2012 04:00:00 GMT

...here's Moneyweb's Gugulethu Mfuphi with the business news headlines. GUGULETHU MFUPHI: Thank you, Hilton. Good evening. Massmart saw a 15% increase in its sales for the six months to end-December, surging up to R31bn compared with the first half...

Wed, 11 Jan 2012 21:00:00 GMT

Massmart , owner of South Africa's Game, Builders Warehouse and Makro retail chains, increased its sales for the six months to the end of December by 15,2% to R31,6bn, compared with the first half of the year, it said on Wednesday. Massmart's...

Wed, 11 Jan 2012 19:00:00 GMT

...1.65% to R373.90. Telecoms group MTN (MTN) declined three rand or 2.21% to R132.70. In retail, Shoprite (SHP) lost R2.24 or 1.64% to R134.40, Truworths (TRU) gave up 120 cents or 1.54% to R76.50 while Massmart (MSM) added R2.85 or 1.59% to R182.35....

Wed, 11 Jan 2012 19:00:00 GMT

...African Ore. Exxaro is also facing a strike by about 1,000 workers at its Arnot mine in South Africa. Retailer Massmart topped the gainers' list after the unit of Wal-Mart said half-year sales increased 15.2 percent. Shares in the South...

Wed, 11 Jan 2012 19:00:00 GMT

...African Ore. Exxaro is also facing a strike by about 1 000 workers at its Arnot mine in South Africa. Retailer Massmart topped the gainers' list after the unit of Walmart said half-year sales increased 15.2%. Shares in the South African...

Wed, 11 Jan 2012 13:00:00 GMT

Retail group Massmart Holdings reported on Wednesday that the group's total sales for the 26 weeks to December 2011 had increased to R31.6 billion, representing growth of 15.2% over the prior 26-week period, with year-to-date inflation estimated at...

Mon, 09 Jan 2012 11:00:00 GMT

...consumers, research has revealed. In a megadeal, the retail powerhouse from Arkansas USA last year bought 51% of the Massmart group, which includes Builders' Warehouse, Game, Makro and Dion Wired, for R16.5 billion. In a consumer perception...

Mon, 09 Jan 2012 05:00:00 GMT

...Walmart and Massmart on Sunday announced an up to about 50% slashing of prices on some of their products in a move that appears to be aimed at gaining the merging parties further public relations mileage. This third extended price cut promotion...

Sun, 08 Jan 2012 13:00:00 GMT

...research has revealed. In a mega deal the Bentonville, Arkansas-based retail powerhouse last year bought 51% of the Massmart group, which includes Builders Warehouse, Game, Makro and Dion Wired for R16.5 billion. According to a consumer...

Sun, 08 Jan 2012 08:00:00 GMT

...WalMart, which is in the throes of finalising its takeover of Massmart, fired another salvo on the price-cutting front, just in time for the back-to-school rush. The world's biggest retailer and Massmart on Friday announced that its latest extended...

Sun, 08 Jan 2012 08:00:00 GMT

...- sees a partnership role for the state and business in creating jobs and driving growth. Resolution of the Walmart-Massmart matter will provide signals as to whether or not South Africa is viewed as friendly to foreign direct investment. It...

Sat, 07 Jan 2012 13:00:00 GMT

Massmart and Walmart have given their competitors more grey hairs with the launch of their third extended price-cut promotion, which will last until March. Massmart said the previous two 10-week sales saved consumers about R100-million. Company...

Fri, 06 Jan 2012 11:00:00 GMT

* Good progress in identifying opportunities to invest R100 million supplier development fund, with emerging black wine makers first to benefit. Massmart and Walmart have started the new year with another extended price cut promotion, providing...

Fri, 06 Jan 2012 11:00:00 GMT

Following two highly successful promotions that have saved consumers over R100 million, Massmart and Walmart have started 2012 with another extended price cut promotion, providing much needed relief for consumers after the festive season. Apart...

Fri, 06 Jan 2012 08:00:00 GMT

...in May gave its nod to the R16.5bn mega-merger, in which big gun Arkansas-based retailer Wal-Mart acquired 51% of Massmart (MSM), owner of Dion Wired, Makro and Builders Warehouse. A few conditions were chucked in for good measure: a R100m...

Thu, 05 Jan 2012 18:00:00 GMT

...corporates for price-collusion and anti-competitive behaviour, the real test came in the form of the approach to the Massmart-Walmart merger. Instead of an unambiguous rejection of a clearly monopolistic merger that will impact negatively on...

Wed, 04 Jan 2012 20:00:00 GMT

...foreign ownership of many of these companies. SASOL is about 30% foreign-owned and Arcelor-Mittal is 65% foreign owned. Massmart is 60% foreign-owned, Shoprite is 35%, Truworths is 50%, Foschini is 40%, JD Group is 40%, Lewis is 30%, Pick 'n Pay...

Wed, 04 Jan 2012 20:00:00 GMT

...South African companies, Dlamini writes that "Sasol is about 30% foreign-owned and Arcelor-Mittal is 65% foreign owned. Massmart is 60% foreign-owned, Shoprite is 35%, Truworths is 50%, Foschini is 40%, JD Group is 40%..." This is a sign, says...

Wed, 04 Jan 2012 09:00:00 GMT

...of many of these companies. "Sasol is about 30 percent foreign-owned and Arcelor-Mittal is 65 percent foreign owned. Massmart is 60 percent foreign-owned, Shoprite is 35 percent, Truworths is 50 percent, Foschini is 40 percent, JD Group is 40...

Wed, 04 Jan 2012 08:00:00 GMT

...ownership" of many of these companies. "Sasol is about 30% foreign-owned and Arcelor-Mittal is 65% foreign owned. Massmart is 60% foreign-owned, Shoprite is 35%, Truworths is 50%, Foschini is 40%, JD Group is 40%, Lewis is 30%, Pick n Pay...

Tue, 03 Jan 2012 19:00:00 GMT

...effect around it. This is not what next-generation banking will be. Maybe Bidvest will use NFC for their truck drivers. Massmart might use NFC in its supply chain. But don't come and tell me you are doing mainstream payment applications based on...

Tue, 03 Jan 2012 11:00:00 GMT

The Competition Tribunal on Friday announced that it had approved two mergers, with amended conditions involving consumer distributor Massmart. The first acquisition by Massmart was for the The Fruit Shop, The Fruit Spot and The Fruit Express,...

Thu, 29 Dec 2011 09:00:00 GMT

The Competition Tribunal last week said it had approved two mergers with amended conditions involving Massmart. The first acquisition by Massmart was for The Fruit Shop, The Fruit Spot and The Fruit Express, together referred to as Fruitspot. In...

Wed, 28 Dec 2011 06:00:00 GMT

MASSMART Holdings, the South African retailer controlled by Walmart Stores, had takeovers of The Fruit Spot and stores owned by The Rhino Group approved conditionally by the Competition Tribunal on Friday. Massmart will need to ensure that...

Mon, 26 Dec 2011 19:00:00 GMT

...allowed ministries, including agriculture and trade, to challenge the R16.5bn Walmart purchase of a majority share of Massmart that it had approved only two months earlier. With the August appeal South Africa sent the message that foreign direct...

Sat, 24 Dec 2011 04:00:00 GMT

...These issues included his opposition to the deal that saw US retail giant Walmart acquire a stake in local retail chain Massmart. Vavi also opposed the Protection of State Information Bill and the tolling of Gauteng highways, urging motorists not...

Fri, 23 Dec 2011 19:00:00 GMT

...players, with U.S. retail giant Wal-Mart planning to enter one of the continent's fastest-growing economies through its Massmart unit. South African retailers Woolworths and Pick n Pay are also eyeing a presence in the country. Sonae's domestic...

Fri, 23 Dec 2011 11:00:00 GMT

The Competition Tribunal has approved Walmart-owned Massmart 's acquisition of Fruitspot and 16 Rhino stores. Makro, a subsidiary of Massmart, intends to expand its fresh-produce offering through Fruitspot - a wholesaler, processor and distributor...

Fri, 23 Dec 2011 09:00:00 GMT

Johannesburg, Dec 23 (I-Net Bridge) - The Competition Tribunal on Friday announced that it had approved two mergers, with amended conditions involving consumer distributor Massmart (MSM). The first acquisition by Massmart was for the The Fruit...

Fri, 23 Dec 2011 06:00:00 GMT

...small appliances such as kettles and irons from 10%-20%. Television set sales and cellular phone sales grew 40%-50%. Massmart says games such as Fifa 2012, Modern Warfare 3 and Battlefield 3 have proven to be popular while hi-tech items -...

Fri, 23 Dec 2011 04:00:00 GMT

...gee die groen lig vir Walmart, die grootste internasionale kleinhandelaar, se verkryging van 'n belang van 51% in Massmart vir R16,5 miljard. Vakbonde en staatsdepartemente het appèl daarteen aangeteken wat nog hangende is, maar die...

Thu, 22 Dec 2011 09:00:00 GMT

...company has endured a tough introduction to the ways of the Walmart empire when doing business with local subsidiary Massmart. Bertie Cloete, CEO of Ububele Holdings, a small food and agricultural products manufacturer listed on the JSE's AltX...

Thu, 22 Dec 2011 08:00:00 GMT

...and the management of timing the different filings. She referred to the transaction between US retailer Walmart and Massmart . The transaction resulted in compulsory merger notifications in six African jurisdictions - SA, Tanzania, Namibia,...

Wed, 21 Dec 2011 14:00:00 GMT

...particularly well placed for Christmas. And he believed those that serve the lower income market, like Shoprite and Massmart, could also do well. He suggested Massmart's Cambridge shops, which provided "predominantly fresh fruit and...

Wed, 21 Dec 2011 11:00:00 GMT

...was set for EPA talks; South Africa joined the political organisation of BRIC(S); and in South Africa the Walmart/Massmart merger was approved amidst concerns for jobs and local procurement. The revolutionary wave of demonstrations and...

Wed, 21 Dec 2011 06:00:00 GMT

...The Congress of South African Trade Unions (Cosatu) remained "adamantly opposed" to the takeover of Massmart by world's biggest retailer, Walmart, said the federation's general secretary, Zwelinzima Vavi. In an end of year statement made yesterday,...

Tue, 20 Dec 2011 20:00:00 GMT

...and national demonstrations against labour broking at the end of February/beginning of March 2012. Walmart takeover of Massmart We remain adamantly opposed to the invasion into Africa of the world's biggest company, which has a terrible...

Tue, 20 Dec 2011 19:00:00 GMT

...CEO Nick Badminton told I-Net Bridge/BusinessLIVE. It's getting hot in here... The Wal-Mart effect Wal-Mart backed Massmart (MSM) has wasted no time with its "go big or go home" food plan. Their mission: a R20 billion food retail business...

Mon, 19 Dec 2011 11:00:00 GMT

...been given. "A case in point is the well-publicised merger between the US giant retailer, Walmart and South Africa's Massmart. The proposed transaction affected 14 different countries and resulted in compulsory merger notifications being...

Mon, 19 Dec 2011 11:00:00 GMT

...Related to the NGP was the opposition by three ministers, Patel, Rob Davies and Tina Joemat-Pettersson to the Wal-Mart/Massmart transaction. The Trade & Industry Portfolio Committee conducted an essentially ineffective public hearing and it was...

Mon, 19 Dec 2011 08:00:00 GMT

Competition Tribunal chairman Norman Manoim sent Massmart home yesterday without approving its acquisition of Fruitspot and 16 Rhino stores, and asked the retailer and the Competition Commission to tweak conditions to the sales. Mr Manoim will make...

Thu, 15 Dec 2011 11:00:00 GMT

...or where our experience in dealing with similar complaints at a lower level has proved futile," Johnston said Massmart spokesman Brian Leroni said: "Massmart-Walmart has prioritised retail food expansion through Game (Foodco), Cambridge...

Thu, 15 Dec 2011 09:00:00 GMT

...Skandia brand, to Skandia Liv for a gross cash consideration of SEK22.5 billion, or £2.1 billion. In retail, Truworths gave up 103 cents or 1.37% to R74.30, Massmart dwindled R2.31 or 1.36% to R167.69 and Pick n Pay shed 53 cents or 1.15% to R45.45....

Thu, 15 Dec 2011 09:00:00 GMT

...diversified Ellerine Bros portfolio is a little short on retail exposure. The only retail holdings are a R25m stake in Massmart and a R40m holding in JD Group, the long- time rival of Ellerine Holdings. Ellerine Bros does have an indirect...

Thu, 15 Dec 2011 06:00:00 GMT

...they have been doing it for the last five years. Their first public statements in South Africa, after taking control of Massmart, a rather controversial 51 % of it and having to keep those jobs, has been on greenness and how to make sure that they...

Thu, 15 Dec 2011 06:00:00 GMT

...BUSINESS DAY - Union rejects Manuel's "neoliberal" development plan - "Stagflation" threat as prices hit new peak - Massmart must tweak deals, says Tribunal BUSINESS REPORT - Food remains main culprit as inflation speeds up to 6.1 percent...

Thu, 15 Dec 2011 05:00:00 GMT

COMPETITION Tribunal chairman Norman Manoim sent Massmart home yesterday without approving its acquisition of Fruitspot and 16 Rhino stores, and asked the retailer and the Competition Commission to tweak conditions to the sales. Mr Manoim will make...

Wed, 14 Dec 2011 13:00:00 GMT

Massmart, held 51% by global retail player Wal-Mart, on Wednesday finds itself thrust under the familiar spotlight of the Competition Tribunal through its bid for both the Fruitspot Group and 16 Rhino stores. The tribunal in May approved the R16.5...

Wed, 14 Dec 2011 13:00:00 GMT

...IF Wal-Mart wants the Namibian Competition Commission (NaCC) to approve its merger with Massmart, it will have to put N$20 million into a supplier fund to develop local suppliers for three years. This amount is "reasonable", the NaCC feels, as...

Tue, 13 Dec 2011 19:00:00 GMT

CAPE TOWN - It will be a busy year for Massmart right until the bitter end: Two proposed Massmart acquisitions come before the Competition Tribunal for approval on Wednesday. And following the acquisition of Massmart by Walmart, the company is not...

Tue, 13 Dec 2011 19:00:00 GMT

...The approval of the Wal-Mart/Massmart deal will go down as the highlight of the retail sector in 2011. Following a testy six-day hearing, the Competition Tribunal in May gave its nod to the R16.5 billion mega-merger, in which big gun Arkansas-based...

Tue, 13 Dec 2011 17:00:00 GMT

...experts were united in this message at yesterday's public hearing on the proposed merger between US giant Wal-Mart and Massmart. The public hearing followed after the Supreme Court ruled last month that Trade and Industry Minister Hage Geingob...

Tue, 13 Dec 2011 15:00:00 GMT

...Tribunal will on Wednesday hear six matters. The first of which will be the acquisition by consumer goods distributor Massmart (MSM) of the Fruitspot Group. The acquirer in this deal is Opiconsivia Trading, a wholly-owned subsidiary of Makro, a...

Tue, 13 Dec 2011 04:00:00 GMT

...WALMART'S deal with Massmart is opposed by Cosatu, which is claiming that thousands of workers will lose jobs. Others are saying that Massmart is good for South Africa's economy. Why won't Cosatu oppose South Africa's invasion by China that helped...

Mon, 12 Dec 2011 19:00:00 GMT

...The report card stated that his isolationist and anti-investment approach was shown in his opposition to the Wal-Mart/Massmart deal. "The Minister's outmoded statist approach will succeed only in killing innovation, enterprise and jobs," the...

Mon, 12 Dec 2011 11:00:00 GMT

...been given. A case in point is the well-publicised merger between the US giant retailer, Walmart and South Africa's Massmart. The proposed transaction affected 14 different countries and resulted in compulsory merger notifications being...

Mon, 12 Dec 2011 11:00:00 GMT

...give entrepreneurs a free reign. Only then the economy will grow and create jobs. 6.5 Foreign Investments: The Walmart-Massmart court case is confusing investors and sends negative signals to the international community about South Africa's...

Mon, 12 Dec 2011 05:00:00 GMT

...other decisions by the commission had raised eyebrows. It made enemies when it changed tack on Walmart's acquisition of Massmart earlier this year. After initially backing the takeover without conditions, during a review before the tribunal it...

Sun, 11 Dec 2011 09:00:00 GMT

...move in or have done so already and are ramping up operations. Successful local early-Africa adopters include Shoprite, Massmart, MTN and Standard Bank. Much of Africa's growth is being driven by the resource-hungry economies of China, India and,...

Fri, 09 Dec 2011 19:00:00 GMT

...conveniently ignores the fact that cross-national shareholdings make it difficult to define a 'local' company. Now that Massmart is owned by Walmart, is it still a SA company? And what of 'South African' companies that list overseas? It also...

Thu, 08 Dec 2011 11:00:00 GMT

...is a division of Investec Bank (INP, INL) and one of SA's leading property operations. Makro, which operates within Massmart's (MSM) Masswarehouse division, required an expanded facility for its central distribution centre, ideally without...

Thu, 08 Dec 2011 11:00:00 GMT

This year's Johannesburg Stock Exchange's Socially Responsible Investment (SRI) Index saw 22 companies meet the best performer threshold, which covered not only a social and governance threshold, but also a higher climate change threshold and a...

Thu, 08 Dec 2011 09:00:00 GMT

...policy uncertainty. But nationalisation was not the only area of concern for investors. Opposition to the Walmart-Massmart merger has also added to the questions about SA as a desirable investment destination. Mr Attard Montalto did not...

Thu, 08 Dec 2011 09:00:00 GMT

...economic development MEC Qedani Mahlangu. In May, the Competition Tribunal authorised Walmart to buy a 51% holding in Massmart, subject to the companies setting up a fund to assist local suppliers and manufacturers. Three Cabinet ministers are...

Wed, 07 Dec 2011 20:00:00 GMT

...the global downturn. South Africa's fast-growing middle class is attractive as well; Wal-Mart bought 51 percent of Massmart in 2011. China in particular is showing interest in South Africa's natural resources. It has agreed to $2.5 billion in...

Wed, 07 Dec 2011 11:00:00 GMT

...is demonstrated in three significant inbound deals announced over the last 12 to 18 months, namely NTT-Didata, Wal-Mart-Massmart and Jinchuan-Metorex. "If I were to pinpoint a single predominant trend over the past four years, it is international...

Wed, 07 Dec 2011 11:00:00 GMT

...not only by the group's declining profits, but also by the prospect of increased competition from a Walmart-owned Massmart. Yesterday Pick n Pay said that the agreement "allows for a flexible workforce of both full-time and variable-time...

Wed, 07 Dec 2011 08:00:00 GMT

Massmart has been recognised as one of the best performers in the medium environmental impact category of the JSE's 2011 Socially Responsible Investment (SRI) Index, the results of which were announced yesterday (6 December 2011). According to the...

Wed, 07 Dec 2011 06:00:00 GMT

...rules on foreign direct investment and removing uncertainty of the kind around this year's controversial Walmart-Massmart merger. However, competition experts warn that for the body to function properly, it will have to be independent from...

Wed, 07 Dec 2011 06:00:00 GMT

...Andreas Späth When the Competition Tribunal gave its blessing to the controversial take-over of Massmart by Walmart, there was great disappointment among local competitors, trade unions and several government departments. Support for the deal came...

Fri, 02 Dec 2011 11:00:00 GMT

...their festive season shopping in late November," Arnold said. Brian Leroni, the group corporate affairs executive of Massmart, which comprises stores like Game, Dion and Makro, said consumers tended to respond well to deals of good quality. For...

Fri, 02 Dec 2011 09:00:00 GMT

...Motlanthe's statement sought to contradict the efforts of three ministers who were appealing against the takeover of Massmart by Walmart. "We view this as a direct attack on the rights of the workers as we all know the effects of this...

Fri, 02 Dec 2011 04:00:00 GMT

...China. ALEC HOGG: Dave, I've seen a lot of stuff coming through from the international trade union movement about Massmart's new partner, Walmart. Is there any danger that that deal might collapse? DAVID SHAPIRO: I don't think so. I think...

Fri, 02 Dec 2011 04:00:00 GMT

...policy uncertainty. But nationalisation was not the only area of concern for investors. Opposition to the Walmart-Massmart merger has also added to the questions about SA as a desirable investment destination. Mr Attard Montalto did not...

Thu, 01 Dec 2011 10:00:00 GMT

...has appealed a decision by its own regulator allowing U.S. retailer Wal-Mart to buy a majority stake in local firm Massmart . "At the moment, the world is searching for yield and some exciting growth opportunities. The only place they can see...

Thu, 01 Dec 2011 09:00:00 GMT

...In appealing against the competition tribunal's decision to allow the Walmart/Massmart merger, government is seeking additional conditions commensurate with the supposed harm resulting from the deal. The options are the imposition of a domestic...

Thu, 01 Dec 2011 04:00:00 GMT

...to watch. Hilton, if you look at a lot of the forecasts for next year, 2012, still retailers at the head - Shoprite, Massmart, analysts still following them. I'm sure Pick n Pay will be up there as well. HILTON TARRANT: David, a big day in our...

Wed, 30 Nov 2011 19:00:00 GMT

...27 000m 2 , after JSE-listed Investec Property secured the development rights for the property. Makro, operating within Massmart's Masswarehouse division, required an expanded facility for its central distribution centre, ideally without having to...

Wed, 30 Nov 2011 19:00:00 GMT

...Walmart issue as it seeks to contradict the efforts of the three ministers who are appealing against the takeover of Massmart. We view this as a direct attack on the rights of the workers as we all know the effects of this takeover. We call on...

Wed, 30 Nov 2011 13:00:00 GMT

...Durban Motorways. Construction has begun and completion is scheduled for end of July 2012. Makro, which operates within Massmart's Masswarehouse division, required bigger facilities for its central distribution centre without having to relocate...

Wed, 30 Nov 2011 09:00:00 GMT

...and fisheries, which have appealed to the Competition Appeal Court to impose more stringent conditions on the Walmart-Massmart transaction. Walmart acquired a R16.5 billion controlling stake in local retailer Massmart after the deal was approved...

Wed, 30 Nov 2011 08:00:00 GMT

US retail colossus Walmart, which is considered to be a global leader in the deployment of large-scale and innovative sustainable retail solutions, has started to share its experiences and best practices with JSE-listed Massmart, in which it...

Wed, 30 Nov 2011 04:00:00 GMT

...economic development MEC Qedani Mahlangu. In May, the Competition Tribunal authorised Walmart to buy a 51% holding in Massmart , subject to the companies setting up a fund to assist local suppliers and manufacturers. Three Cabinet ministers are...

Tue, 29 Nov 2011 19:00:00 GMT

...Investec Property said on Tuesday, after securing the development rights for the property. Makro, which operates within Massmart's Masswarehouse division, required an expanded facility for its central distribution centre, ideally without having to...

Tue, 29 Nov 2011 19:00:00 GMT

...relating to Wal-Mart's R16,5 billion (US$1,9 billion) acquisition of a 51% stake in consumer goods distributor Massmart included a jobs clause but this spanned just two years. More jobs conditions would go a long way to appeasing irate...

Tue, 29 Nov 2011 19:00:00 GMT

...28 November. Zimmerman was in SA this week to share Wal-Mart's knowledge of energy efficiency, with its subsidiary Massmart and other retailers. He is responsible for co-ordinating the architectural and engineering system for Wal-Mart's...

Tue, 29 Nov 2011 11:00:00 GMT

...Africa's leading property operations has secured the development rights for the property. Makro, which operates within Massmart's Masswarehouse division, required an expanded facility for its central distribution centre, ideally without having to...

Tue, 29 Nov 2011 10:00:00 GMT

...is a division of Investec Bank (INP, INL) and one of SA's leading property operations. Makro, which operates within Massmart's (MSM) Masswarehouse division, required an expanded facility for its central distribution centre, ideally without...

Tue, 29 Nov 2011 09:00:00 GMT

A top South African black businessman believes that Massmart will unearth valuable business deals through its supplier development programme that has allocated R100m fund to help suppliers. Mthunzi Mncane, group supplier development executive for...

Tue, 29 Nov 2011 09:00:00 GMT

...95c or R1.35% to R71.13. In banking and financial services, RMB Holdings relinquished 32c or 1.24% to R25.48. Retailer Massmart left behind R1.60 or 1.01% at R157.52. Media Group Naspers declined R8.50 or 2.39% to R347.50. The group increased its...

Tue, 29 Nov 2011 08:00:00 GMT

...to R71.13. In banking and financial services, RMB Holdings (RMH) relinquished 32 cents or 1.24% to R25.48. Retailer Massmart (MSM) left behind R1.60 or 1.01% at R157.52. Media Group Naspers (NPN) declined R8.50 or 2.39% to R347.50. The group...

Tue, 29 Nov 2011 06:00:00 GMT

JUDGE Dennis Davis plans to make his ruling on the R16,5-billion Walmart and Massmart deal by the middle of January 2012. Davis, who is the president of the Competition Appeals Court, presided over the October hearings where the ministers of...

Tue, 29 Nov 2011 06:00:00 GMT

...said yesterday. Mr Zimmerman was in SA this week to share Walmart's knowledge of energy efficiency, with its subsidiary Massmart and other retailers. He is responsible for co-ordinating the architectural and engineering system for Walmart's...

Tue, 29 Nov 2011 06:00:00 GMT

...Standard Bank Group Ltd., Africa's biggest lender, Telkom South Africa Ltd., Africa's largest fixed-line phone company, Massmart Holdings Ltd. (MSM), South Africa's biggest food and general-goods wholesaler, and Group Five Ltd., a construction...

Tue, 29 Nov 2011 06:00:00 GMT

...lack of such a process on more than one occasion, and especially during the appeal proceedings of the acquisition of Massmart by the US retail giant Walmart. Mr Malherbe said hot tubbing would add an additional test to ensure greater discipline...

Mon, 28 Nov 2011 16:00:00 GMT

...has been highlighted in SA with the advent of Walmart on these shores. In presentations to the Competition Authorities, Massmart CEO Grant Pattison said that that SA's supply chain systems are expensive and the management of processes 15 years...

Sun, 27 Nov 2011 11:00:00 GMT

Judge Dennis Davis says he plans to make his ruling on the R16,5bn Wal-Mart/Massmart ruling by the middle of January 2012. Davis said this on Friday after speaking at the Cape Town Press Club. David is the President of the Competition Appeals...

Sun, 27 Nov 2011 09:00:00 GMT

...since foreign investment contributes to the growth of our economy and the prosperity of all South Africans. Already, Massmart's BEE shareholders - all of whom are Massmart employees - have prospered to the value of R735 million as a direct...

Sun, 27 Nov 2011 04:00:00 GMT

...also not happy about Mulder's opposition to the appeal by the government for a review of the conditions of the Walmart/Massmart merger, which the minister is engaged in. "That is a departmental position. How does Mulder go on public platforms to...

Sun, 27 Nov 2011 04:00:00 GMT

Massmart - now majority owned by Walmart - will from the beginning of next year carry and distribute black-owned wine brands through subsidiary Makro. The move is seen as a response to criticism from trade unions and government departments that the...

Sat, 26 Nov 2011 04:00:00 GMT

...in their attempts to bypass the system. And Judge Dennis Davis says he plans to make his ruling on the R16.5bn Walmart/Massmart deal by the middle of January. Davis, who's the president of the Competition Appeals Court, presided over the October...

Fri, 25 Nov 2011 19:00:00 GMT

...is hurting investment. Competition authorities approved a deal between retail giant Wal-Mart and local discount chain Massmart but some government departments are challenging the conditions of the deal. Phosa says South Africa also need to...

Fri, 25 Nov 2011 19:00:00 GMT

...Judge Dennis Davis says he plans make his ruling on the R16.5 billion Wal-Mart / Massmart ruling by the middle of January. Davis said this on Friday after speaking at the Cape Town Press club. "I was hoping to have finished my judgment by the end...

Thu, 24 Nov 2011 19:00:00 GMT

...hurting investment. Competition authorities approved a $2.4 deal between retail giant Wal-Mart and local discount chain Massmart but some government departments are challenging the conditions of the deal. Phosa said South Africa also need to...

Thu, 24 Nov 2011 16:00:00 GMT

...some investors for its handling of both the Kansai deal and Wal-Mart's $2.4 billion bid for control of local retailer Massmart. Wal-Mart finalised its purchase of 51 percent in Massmart earlier this year, but South Africa's government is still...

Thu, 24 Nov 2011 08:00:00 GMT

...It seems that when Walmart buys Massmart and gets going in this country, farmers can expect higher prices for their fruit and vegetables while consumers will enjoy lower prices. According to the Farmer's Weekly of 21 Oct, that's what Massmart CEO,...

Thu, 24 Nov 2011 05:00:00 GMT

...development committee in response to the Competition Tribunal's approval of US retailer Walmart's acquisition of SA's Massmart group. It is no secret that the government was not happy with the decision and has appealed against it on the basis of...

Thu, 24 Nov 2011 04:00:00 GMT

...do give you an indication of consumer demand, and I'm going to wait for your pick towards the end of the programme. Massmart's numbers - a 21-week trading update: astonishing. DAVID SHAPIRO: Absolutely. If you think about the company, and you...

Wed, 23 Nov 2011 09:00:00 GMT

...and fisheries, which have appealed to the Competition Appeal Court to impose more stringent conditions on the Walmart-Massmart transaction. Walmart acquired a R16.5 billion controlling stake in local retailer Massmart after the deal was approved...

Wed, 23 Nov 2011 09:00:00 GMT

Johannesburg, Nov 23 (I-Net Bridge) - At its AGM on Wednesday, consumer goods distributor Massmart (MSM) reported that for the first 21 weeks of the 2011 financial year total sales growth was 15.2% and comparable sales growth was 8.8%, with...

Wed, 23 Nov 2011 05:00:00 GMT

...adopted by the committee yesterday - flow from the public hearings held by the committee on the proposed acquisition of Massmart by giant US retailer Walmart, which attracted strong opposition from trade unions and from government departments...

Tue, 22 Nov 2011 20:00:00 GMT

...The saga of the Walmart Massmart merger has exposed an uncomfortable fact in the South African business landscape: government doesn't trust business to do what it does best. So says Brain Kantor, Investec Strategist and Economist, and Professor...

Tue, 22 Nov 2011 19:00:00 GMT

...is talking to Gauteng about how the provincial government would use some of the funds set aside in the R16,5bn Wal-Mart/Massmart deal to boost young entrepreneurs and the small business sector. This announcement by economic development MEC Qedani...

Tue, 22 Nov 2011 06:00:00 GMT

...has lost 40% this year. Other companies on the list include Standard Bank Group, Africa's largest lender; retailer Massmart Holdings, which is controlled by Walmart; and Anglo American, part owner of the world's biggest platinum and diamond...

Mon, 21 Nov 2011 19:00:00 GMT

...community spirit and awareness and to voice the objections to Walmart (which has recently acquired a majority share in Massmart, the company that owns Makro). The community held a similar event in March 2010 and has been fighting the 20 000...

Mon, 21 Nov 2011 11:00:00 GMT

...Wang Qishan has said. By Zhou Xin and Benjamin Kang Lim (Reuters). As Walmart waits to hear whether its South African Massmart acquisition will finally be successful, it faces controversy in another area. A billion-dollar art gallery opened by...

Mon, 21 Nov 2011 06:00:00 GMT

...which could influence investors negatively." Mr Motlanthe also welcomed US retail giant Walmart's takeover of SA's Massmart , saying he was not concerned that it would destroy jobs but that it would create business opportunities for...

Sun, 20 Nov 2011 04:00:00 GMT

...small retailers, an argument that has been repeatedly cited by Cosatu in its attempts to block the Walmart takeover of Massmart. "My understanding is that it [Walmart] has to procure supplies from small suppliers. I mean Pick n Pay has not killed...

Sat, 19 Nov 2011 20:00:00 GMT

...Cosatu has serious reservations about the 16-point-five-billion-Rands merger between Walmart and local retailer Massmart. Motlanthe made no mention of three of his Cabinet colleagues - Minister of Economic Development Ebrahim Patel, Trade...

Fri, 18 Nov 2011 20:00:00 GMT

...on Economic Development, (National Assembly), [Consideration and Adoption of the Public Hearings Report on the Walmart/Massmart Merger], Venue to be confirmed, 09:30 - 12:30 Portfolio Committee on Trade and Industry, (National Assembly),...

Fri, 18 Nov 2011 19:00:00 GMT

...and fisheries, which have appealed to the Competition Appeal Court to impose more stringent conditions on the Walmart-Massmart transaction. Walmart acquired a R16.5 billion controlling stake in local retailer Massmart after the deal was approved...

Fri, 18 Nov 2011 19:00:00 GMT

...prime destination for foreign direct investment." But the government has made Wal-Mart's acquisition of local retailer Massmart Holdings Ltd difficult. The U.S. retail giant is awaiting judgement on appeals by the South African government and...

Fri, 18 Nov 2011 13:00:00 GMT

...go of R3.07 or 1.30% to R232.90. In banks and financials, Standard bank lost R1.29 or 1.34% at R94.71 and Investec Plc eased 91 cents or 1.98% to R45.06. Retailer Massmart lost R2.04 or 1.27% to R158.17 and Shoprite fell R1.87 or 1.48% to R124.13....

Fri, 18 Nov 2011 11:00:00 GMT

...Minister Pravin Gordhan says, after government drew criticism for its handling of Wal-Mart's bid for local retailer Massmart. "Within the next year to 18 months, we should have a clear policy document in terms of inward investment," he says....

Fri, 18 Nov 2011 09:00:00 GMT

...or 1.87% to R178.21 and African Rainbow Minerals shed R2.48, or 1.38%, to R177.75. In financials, Investec Plc eased 90c or 1.96% to R45.07. Retailer Massmart lost R2.42 or 1.51% to R157.79. Media group Naspers dropped R8.40 or 2.30% to R356.47....

Fri, 18 Nov 2011 05:00:00 GMT

...Nampak Annual results 23/11 Tiger Brands Annual results 23/11 Illovo Interim results *23/11 Eskom Interim results 23/11 Massmart AGM 24/11 Avusa Interim results 25/11 Assore AGM 28/11 Pioneer Food Annual results 28/11 Capitec Ex-dividend 28/11...

Thu, 17 Nov 2011 15:00:00 GMT

...manufacturers. This is exactly what Patel and other policy-makers want to prevent. It even went to court to prevent Massmart and Walmart from doing this, but in fact it is already a reality for many local entrepreneurs. It may be a good idea...

Thu, 17 Nov 2011 11:00:00 GMT

...Wal-Mart's R16.5 billion acquisition of Massmart has been a transparent process with all the regulatory bodies playing their parts properly, says the International Monetary Fund (IMF). This was the view of the IMF's resident reporter in SA Alfredo...

Thu, 17 Nov 2011 11:00:00 GMT

...interviews by Bruce Whitfield with: Adrian Gore - CEO, Discovery Michael Jordaan - CEO, FNB Grant Pattison - CEO, Massmart Jeremy Maggs speaks to: Riaan Manser (epic adventurer) Moeletsi Mbeki & Eusebius McKaiser (leading political thinkers)...

Wed, 16 Nov 2011 14:00:00 GMT

...Cape Town, Nov 16 (I-Net Bridge) - Wal-Mart's R16.5 billion acquisition of Massmart has been a transparent process with all the regulatory bodies playing their parts properly, says the International Monetary Fund (IMF). This was the view of the...

Wed, 16 Nov 2011 05:00:00 GMT

...interessante uitsprake gemaak oor regeringsbeleid en besluite - grondhervorming, die media, die Wallmart-oorname van Massmart en Trevor Manuel se Groot Plan. Hy lyk en tree skielik baie presidensieel op. Net die soort man om gereed te hê indien...

Tue, 15 Nov 2011 11:00:00 GMT

...Minister Pravin Gordhan, after the government drew criticism for its handling of Wal-Mart's bid for local retailer Massmart. Within the next year to 18 months, government should have a clear policy document in terms of inward investment, said...

Tue, 15 Nov 2011 09:00:00 GMT

...told Business Unity SA's annual general meeting in Johannesburg. acquisition of a controlling stake in local retailer Massmart. Although he did not want to comment specifically on the Walmart matter, which is before Competition Appeal Court, he...

Tue, 15 Nov 2011 05:00:00 GMT

...official position on the merits of foreign direct investment, given the mixed signals on Walmart's takeover of Massmart . The R16bn transaction has been concluded but the Competition Appeal Court is considering whether the merger should...

Tue, 15 Nov 2011 04:00:00 GMT

...You can see in the Top 40 today the best performer of the Top 40 was Kumba Iron Ore, up 2.75%. The worst performer was Massmart, which was down 1.4%; but Anglo American the second-worst performer, down 1.2%. And that's what a lot of guys do,...

Tue, 15 Nov 2011 04:00:00 GMT

...cabinet and trade unions' aversion to current conditions of local procurement and fears of job losses in the Walmart-Massmart deal. The aim of the policy is to consolidate into one piece of legislation the official government approach to...

Tue, 15 Nov 2011 04:00:00 GMT

...government's response to US retail giant Walmart's R16.5-billion acquisition of a controlling stake in local retailer Massmart. Though he did not want to comment specifically on the Walmart matter, which is before the Competition Appeal Court,...

Mon, 14 Nov 2011 21:00:00 GMT

...said on Monday, after the government drew criticism for its handling of Wal-Mart's R16,5bn bid for local retail group Massmart . "Within the next year to 18 months, we should have a clear policy document in terms of inward investment," Pravin...

Mon, 14 Nov 2011 19:00:00 GMT

...understand before they come to South Africa," he said. In the wake of the R16.5-billion acquisition of local retailer Massmart by US retail giant Walmart, the government has been criticised for creating an impression that it did not want big...

Mon, 14 Nov 2011 18:00:00 GMT

...investment within a year. This follows contradictory messages from government over the purchase of local retailer Massmart by Wal-Mart. Deputy President Kgalema Motlanthe recently pointed to the benefits of the deal. Conversely, several...

Mon, 14 Nov 2011 14:00:00 GMT

...by the government's response to US giant Walmart's R16.5-billion acquisition of a controlling stake in local retailer Massmart. Although he did not want to comment specifically on the Walmart matter, which is before Competition Appeal Court, he...

Mon, 14 Nov 2011 13:00:00 GMT

...response to United States giant Walmart's R16.5 billion acquisition of a controlling stake in local retailer Massmart. Although he did not want to comment specifically on the Walmart matter, which is before Competition Appeal Court, he...

Mon, 14 Nov 2011 13:00:00 GMT

...minister said on Monday, after the government has drawn criticism for its handling of Wal-Mart's bid for local retailer Massmart. "Within the next year to 18 months, we should have clear policy document in terms of inward investment," Pravin...

Sat, 12 Nov 2011 19:00:00 GMT

...wrong. It conveys a clear and very crucial message: that South Africa is ready for business. Mark Lamberti, who built Massmart from a few stores acquired in the late 1980s to a world-class mass merchandise retailer, should be a national hero. We...

Fri, 11 Nov 2011 11:00:00 GMT

...recent, local comments that really tickle my interest. Last week Motlanthe took a very public stand on the takeover of Massmart by American behemoth Walmart, disagreeing with three cabinet colleagues who are belatedly challenging the...

Fri, 11 Nov 2011 08:00:00 GMT

...and does not need to be renewed annually," said Brink. Makro is South Africa's leading warehouse club. It 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 the...

Fri, 11 Nov 2011 04:00:00 GMT

...view retailers are hitting the ceiling. HILTON TARRANT: Your pick of the retailers? DAVID SHAPIRO: Probably Mr Price or Massmart. But even Massmart at R156 - you've got to have faith in the future, you've really got to believe that they are going...

Thu, 10 Nov 2011 20:00:00 GMT

...for the biggest slice of South Africa's R220-billion food retail market is hotting up, with the Shoprite Group and Massmart in front and Pick n Pay, Woolies Food and Spar on the periphery. This analysis from the Mail & Guardian.... AS...

Thu, 10 Nov 2011 09:00:00 GMT

...from the US President's Emergency Plan For Aids Relief. Right to Care provides HIV services to 30 companies, including Massmart, Telkom, Alexander Forbes, BMW, Investec and Tongaat Hulett, assisting 100000 employees in eight African countries....

Wed, 09 Nov 2011 05:00:00 GMT

...THE arguments for and against Walmart's proposed purchase of Massmart is proof that the debate over the role of foreign direct investment in local economic growth is alive. Nowhere has the discussion on overseas investments been more contentious...

Tue, 08 Nov 2011 19:00:00 GMT

...wine buyer Carolyn Barton, who is immensely proud of her 75m of shelf facings devoted to wine. The business is owned by Massmart, a JSE listed company which as of recently is 51% owned by Wal- Mart, US based and the largest retailer in the world....

Tue, 08 Nov 2011 13:00:00 GMT

...to provide input to the takeover conditions of American retail giant Wal-Mart Stores Inc of South Africa retail group Massmart Holdings's assets in Namibia. The Permanent Secretary in the Ministry of Trade and Industry, Dr Malan Linde-que,...

Tue, 08 Nov 2011 08:00:00 GMT

...Johannesburg - A Namibian court has ruled the antitrust regulator's conditions on Walmart Stores' takeover of Massmart Holdings [JSE:MSM] assets in that country must be reviewed by the trade minister, a move that could deal a blow to the R16.5bn...

Tue, 08 Nov 2011 06:00:00 GMT

...than 10000 retailers of building materials in SA was an indication of the extent of the competitiveness in the market. Massmart Holdings, which has been acquired by US-based Walmart, owns 27 Builders Warehouse stores in eight provinces which...

Tue, 08 Nov 2011 06:00:00 GMT

...wire producing group entered into a bulk steel supply contract with Iscor to win back market share. Like the Walmart-Massmart deal, this was fiercely pro-competitive - also a legitimate response. Barnes Fencing complained of disadvantage to the...

Mon, 07 Nov 2011 20:00:00 GMT

...and durable goods have been hard hit by imports. And they are all likely to be further affected by the Walmart-Massmart merger, as the world's biggest company seeks the cheapest goods from anywhere in the world regardless of the pay and...