Massmart, with total sales of R43.8 billion, for the six months to June 2019, comprises four Divisions operating 441 stores, in 13 sub-Saharan countries.
Through our widely-recognised, differentiated retail and wholesale formats, we have leading shares in the General Merchandise, Liquor, Home Improvement and Wholesale Food markets. Our key foundations of high volume, low cost and operational excellence enable our price leadership.
including IFRS 16 in 2019
excluding IFRS 16 in both years
* To provide a more meaningful assessment of the current period’s performance, the performance summary has been prepared on a like-on-like basis which excludes the IFRS 16 ‘Leases’ impact in the current period. Refer to note 2 for details on the impact of the new accounting standard using the modified retrospective approach.