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Massmart Media Releases

Massmart has joined forces with local Fintech, Retail Capital, providing access to funding to small, medium enterprises (SMEs) in South Africa. Retail Capital is one of the country’s leading alternative funders and a leader in Fintech solutions.
As South African consumers continue to turn to private brand products to make their money go further, Massmart’s ‘M’ frozen convenience offering has experienced exciting growth of over 30% at Makro between January and June this year.
The new native Makro app is the retailer’s first fully fledged and stand-alone shopping app, enabling customers to make purchases of general merchandise, liquor and pantry items.
As part of the expansion of its private brand offering, Massmart has acquired appliance brand, Eiger, as part of its Private Brand portfolio.
After Massmart acquired an 87.5% stake in on-demand multi-retailer marketplace, OneCart, in late 2021, the platform has experienced exponential Gross Merchandise Value (GMV) growth of over 200%.
On the 14th of June 2022, Massmart officially opened its new Distribution Centre, in Riversands, Johannesburg.
Shopping and spending habits continue to shift as cost saving becomes increasingly imperative.
Makro, (and other Massmart brands in the future), will be able to clip its 3 – 5-day delivery lead time promise to just 2 days.
As the next step in its turnaround strategy and in support of its goal to become a leading omnichannel retailer, Game last month launched a refreshed eCommerce platform.
Massmart was, late this afternoon, advised by SACCAWU of a decision to embark on strike action starting on 19 November 2021.