The Group comprises nine wholesale and retail chains, and one buying group – 436 stores and 517 buying group members all focused on high-volume and low-cost distribution. We operate in 13 countries in sub-Saharan Africa through the Group’s four operating divisions – Massdiscounters, Masswarehouse, Massbuild, and Masscash. We are listed on the main board of the JSE Securities Exchange in the Consumer Services-Retail sector.
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Minister lauds Massmart supplier programme
03/10/2019 - 11:28
Economic development minister Ebrahim Patel has applauded retailer Massmart’s programme to procure products from small, local suppliers, which has reached the R1bn mark.
Massmart partners with Walmart’s global sourcing team to help local suppliers export to Walmart markets
10/09/2019 - 09:28
Representatives from Walmart’s Global Sourcing team are in Johannesburg to meet with 18 of Massmart’s South African suppliers who are interested in exploring opportunities to export their products to Walmart markets.
Makro and Game’s owner suffers big loss as shoppers opt for cut-price goods
29/08/2019 - 09:20
Walmart-controlled Massmart, owner of Makro, Game, Builders Warehouse and Dion Wired, has suffered a headline loss of R550 million for the six months to end-June – after earning a profit of more than R200 million in the same period last year.
Retail stocks: Look out for the potholes and opportunities
26/08/2019 - 16:22
Retailers and wholesalers on the JSE have been clobbered since their respective 2018 financial results.
Walmart Q2 revenue grows 1.8% year on year
20/08/2019 - 14:13
Total revenue of Walmart for its second quarter (Q2) of Financial Year 2020 (FY20) ending July 31 hit $130.4 billion, up 1.8 percent year on year, while the net sales of Walmart International decreased 1.1 percent year on year to $29.1 billion, the company reported.
Massmart profit severely hit by weak sales, losses
01/08/2019 - 09:16
Massmart Holdings' share price declined by more than 17percent on the JSE after the group said it expected to report a decline in earnings across all of its four divisions for the six months to end June, mainly impacted by losses in Massdiscounters.
Walmart must hire someone who can stop the bleeding at its online business
15/07/2019 - 09:55
Walmart has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead.
Walmart aims to list minority stake in Japan unit Seiyu
01/07/2019 - 14:29
Walmart said it aims to list its Japanese supermarket unit Seiyu while keeping a majority stake in the business, amid on-and-off speculation the US retail giant was looking to exit Japan where it has struggled to grow.
Walmart worries that US tariffs will raise Mexican fresh produce prices
10/06/2019 - 14:40
Walmart CEO Doug McMillon says the retailer is concerned that fresh produce prices would rise if tariffs are placed on imports from Mexico.
Massmart wins grocery store battle
31/05/2019 - 09:22
Massmart, which owns the Game and Makro chains and other smaller retailers, received a major boost after the Competition Commission said Spar, Pick n Pay, Shoprite and Woolworths should be barred from entering into long-term exclusive lease agreements.