Massmart announces senior appointment to head up R100 million Supplier Development Programme
Jul 15th 2011, 10:01
In line with Massmart and Walmartâ€™s commitment to develop local suppliers, Massmart announced the appointment of Mncane Mthunzi, current CEO of the Consumer Goods Council of South Africa (CGCSA), as Supplier Development Executive.
In this role, Mthunzi will be responsible for leading the R100 million Supplier Development Programme first proposed by the merging parties as a voluntary condition during the Competition Tribunal hearings. It is also consistent with Walmartâ€™s approach to local supplier development in the markets in which it operates.
According to Massmart CEO Grant Pattison, Mthunzi had a profoundly positive impact on the CGCSA during his two years at the helm of the organisation.
â€śWe are delighted that someone of Mncane Mthunziâ€™s stature has agreed to take on this exciting challenge. Mncaneâ€™s key focus will be on the development of local manufacturers, emerging farmers and SME suppliers to the Group and he will have R100 million fund to facilitate achievement of this mandate,â€ť said Pattison.
â€śDuring his time at the CGCSA, he has developed good insights into some of the challenges that emerging FMCG suppliers experience in accessing retail markets, making him a good choice for this supplier development role,â€ť he added.
Whilst the specific activities of the fund still have to be finalised initial interventions are likely to involve developing 1500 emerging farmers to supply Massmartâ€™s evolving fresh produce business, hosting local manufacturer fairs to promote potential Walmart facilitated exports and identifying SMEs that can be scaled to enable reliable supply to stores in the Group. These are also activities in which Walmart has significant expertise, based on experience in markets in Central America, India and China.
Mthunzi will serve on the Massmart Executive Committee. The appointment comes into effect on 1 September 2011.
Massmart stores will be closed on Sunday, 15 December
10/12/2013 - 08:37
Massmart Holdings will close its stores on Sunday, 15 December 2013.
Makro South Africa awarded for excellence in energy efficiency initiatives
09/12/2013 - 13:31
This week, Makro SA scooped a prestigious eta award for its energy efficient new generation stores at Eskomâ€™s 24th eta Awards ceremony.
Massmart launches Builders Superstore, a new format for the DIY market
05/12/2013 - 11:58
Massmartâ€™s anticipated new format Builders Superstore opened on 29 November 2013 in Gauteng. A total of 58 job opportunities were created with the opening of the two new stores in Tembisa and Evaton. The new format will service customers with homes situated in dense residential, township, rural and developing areas, and will be conveniently located near commuter nodes
Walmart warns of flat festive sales
18/11/2013 - 10:53
Washington - Walmart reported on Thursday a 2.8% year-on-year rise in third-quarter net profit, but warned that sales during the crucial holiday shopping season are expected to be "relatively flat."
First 100% LED-lit Walmart opens, United States
06/11/2013 - 09:37
New York -- The first Walmart to be entirely lit with LEDs has opened, in South Euclid, Ohio, just outside of Cleveland. The store will serve as a model for environmentally friendly design for future locations, with 100% LED lighting, electric vehicle charging stations in the parking lot and more.