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Massmart News
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On the 6th of May 2021, Massmart officially opened its new Distribution Centre in the Brackengate 2 precinct, in Brackenfell, Cape Town. This marks the completion of the construction project which began in October 2019.
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Massmart has announced the assignment of (Theodore) Sylvester John, the Walmart North America Vice President for Last Mile Delivery to lead the Massmart e-commerce team. John, who will report into Chief Operations Officer, Richard Inskip has extensive senior level retail experience in the US and Africa, having worked in a wide range of business development activities including merchandising and operations.
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Massmart has announced that it will freeze prices on all essentials for the duration of South Africa’s 21-day lockdown. This will involve suspending price adjustments that were scheduled, as part of the normal course of business, before the lockdown was announced.
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CEOs of JSE listed companies have heeded Cyril Ramaphosa’s call to join the 30 per cent pay cut club to fight against the COVID-19 pandemic. Some are contributing to the Solidarity Fund, others to emergency funds for staff, while Massmart’s executives are contributing 230 tons of food to FoodForward South Africa over the next three months.
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Game now sells food and groceries on Uber Eats – sometimes for cheaper than competitors do in store. And it is surprisingly cheap.
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A big bet in 2003 has paid off, and then some.
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The festive season is continuing with a bang for a family-owned company in KwaZulu-Natal, Glenart, which this week won the chance to export its Christmas crackers to Walmart in the US.
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Melanie Pike, Indirect Procurement Manager of Massmart, talks digital disruption amidst a procurement transformation
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Today Makro, one of South Africa’s leading liquor destinations, launched the 2017 Makro Festive Liquor Catalogue. Each year the catalogue, which features the widest range of liquors at exceptional prices, is met with much anticipation.
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South African retail business Massmart is bucking the trend of the global high street which is seeing big name stores close all over the world. By investing in its online offering and keeping meticulous control over expenditure, this retailer is showing the rest how to achieve strong results.
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Good margin management and astute expense control resulted in pleasing trading profit and headline earnings growth.
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The Minister of Economic Development Ebrahim Patel made favourable mention of the Massmart SDP during an eNCA interview after delivering his budget vote in parliament.
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Turnaround plan is yielding results
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Expansion not the expected scramble, but growth is steady
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Economic development minister Ebrahim Patel has applauded retailer Massmart’s programme to procure products from small, local suppliers, which has reached the R1bn mark.
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Builders has a brand new flagship store in Boksburg, right next to a 17-year-old one it admits is no longer great. Features include digital technology everywhere, allowing you to pay for stuff to be delivered without queuing for a till, and to browse and order online right inside the store.
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US retailer Walmart has selected South Africa’s Rhodes Food Group to supply it with tinned fruit products. The South African canned food company will supply Walmart with an initial order of three canned pear variations. These products include premium export quality 425 g cans of pear slices in heavy syrup, 425 g cans of pear halves in juice and 850 g cans of pear slices in heavy syrup.
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It began with discussions in Davos, Switzerland, a year ago and resulted in an announcement that Rhodes Food Group will be supplying Walmart US with three variations of canned pears.
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Glenart – a family-owned Christmas cracker manufacturing business based near Ballito on the KZN North Coast, has become the first South African company to secure a lucrative supplier deal with US global retail giant Walmart
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Team Massmart, South Africa’s only elite women’s running team, made their debut at the Comrades marathon a memorable one with team lead Ann Ashworth winning South Africa’s ultimate human race. Team Massmart also took 1st place in the overall team awards.