Massmart is a South African-based retailer and wholesaler, wholly owned by global retail giant Walmart. The Group is led by CEO Jonathan Molapo, who has been leading the company since January 2023.
Massmart operates through two primary business units: Massmart Wholesale, which includes Makro, Jumbo, and Shield, and Massmart Retail, focusing on consumer-facing retail operations.
The company was delisted from the Johannesburg Stock Exchange (JSE) in November 2022, following Walmart's complete acquisition. This marked the beginning of a new chapter in its operational focus and strategic alignment with Walmart's global vision.