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• Massmart Lights out

  Last Thursday, Massmart made the difficult call to cease trading at all 23 of its DionWired Stores, and – at the time of going to press – was still deliberating on the details of the closure of its 11 underperforming Masscash stores. Massmart are in ... More »

  • IOL 19/03/20

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• Massmart I have a store in Africa

  In a gloomy results preso last Thursday, Massmart – which has never sugar-coated the bad news in our experience – let it be known that trading profit declined -46.3% to R1.11bn and operating profit (before forex, interest and tax) declined -55.0% to ... More »

  • Ti Analyst 28/02/20

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• Massmart A renter’s market

  Telling it like it is this week would be Massmart’s New Guy Mitch Slape, who has put retail landlords on notice that they are, how should we put this, engaging in predatory escalatory practices vis-à-vis the rental, upping the price of square metera... More »

  • Moneyweb 24/02/20

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• Massmart Divide and conquer

  Big news from Massmart at the shareholder’s hoedown last Thursday, where Mitch Slape announced that the business is to be reorganised from the existing four divisions into two more coherent business units: Wholesale and Retail, with Makro, Jumbo, Rhi... More »

  • Business Report 31/01/20

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• Massmart In closing…

  Analysts – ourselves included – are rightly concerned about the impact of the coming closure of all 23 DionWired, and 11 Masscash stores on Massmart’s workforce – 1,440 jobs are likely to be lost. There is another group that could be affected though ... More »

  • Tatler Reporter 20/01/19

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