Pick n Pay has appointed Grant Pattison, former CEO of Massmart and a past board director at Truworths, to its board. This ...

South Africa's Massmart Holdings says that it intends to restructure its operations after forecasting an annual loss for the full year. The company, majority owned by U.S. retail giant Walmart ...

South African retailer Massmart Holdings flagged on Friday a wider annual loss of up to 1.6 billion rand ($106 million), hurt by store damage and lower trading income due to looting during the ...

JOHANNESBURG (Reuters) -South African grocery group Pick n Pay on Tuesday reported a 4.3% increase in group turnover, lifted ...

JOHANNESBURG — South Africa’s Massmart Holdings could cut up to 1,440 jobs under a plan to close some stores, the retailer said on Monday as it struggles to grow sales in a tough economy. Massmart, ...

JOHANNESBURG — South Africa’s Massmart Holdings, majority owned by U.S. retail giant Walmart , said on Monday it was in consultations with unions and other stakeholders to close up to 34 stores, which ...

South African retailer Massmart Holdings on Monday said its annual headline loss widened by 65%, hurt by two waves of COVID-19 and resultant lockdowns, as well as looting during the country's ...

MASSMART Holdings might face shrinking profit margins in the next fiscal year as food inflation slowed and sales growth would likely deteriorate before any improvement, its chief executive said ...

Cape Town - Massmart Holdings managed to lift sales a hefty 33 percent to R8. 02 billion in the 26 weeks to December, aided by record sales and the inclusion of the Jumbo and Browns and Weirs ...

Wal-Mart Stores Inc., the world's largest retailer, announced Monday it is bidding $4.25 billion US for South African retailer Massmart Holdings Ltd. A deal would mark Wal-Mart's entry into Africa ...

JSE-listed consumer goods distributor Massmart Holdings on Thursday reported a 2.9% year-on-year increase in sales to R90.9-billion for the year ended December 31, 2018. Its South African stores ...