Sector: Consumer Services
The company is available at Interactive Brokers
Massmart Holdings Limited (JSE:MSM) is a South African-based, globally-competitive regional management group, invested in a portfolio of differentiated, complementary, focused wholesale and retail formats. These are each reliant on high volumes and operational excellence as the foundation of price leadership, in the distribution of mainly branded consumer goods for cash.
Massmart is the second-largest distributor of consumer goods in Africa, the leading retailer of general merchandise, liquor and home improvement equipment and supplies, and the leading wholesaler of basic foods.
The group's wholesale and retail chains are all focused on high-volume and low-cost distribution. It operates more than 400 stores in 13 countries in sub-Saharan Africa through the Group’s two business units - Massmart Wholesale and Massmart Retail. Each has a dedicated management team focusing on a retail or wholesale format, merchandise proposition and customer base, and is empowered to take trading decisions within a strategic framework and governance structure defined by the Massmart Group.
Brands operated by the group include Game, DionWired, Makro, The Fruitspot, Wumdrop, Builders Warehouse, Builders Express, Trade Depot, Superstore, CBW, Jumbo Cash & Carry, Sunshine, Trident, Eureka, Saverite, Shield, Cambridge Food and Rhino Cash & Carry.
Semi-Annual values ($m)
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FCF ($m)
Net Debt / Cash and Equivalents ($m)
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Potential dynamics
Amazon.com is in South Africa for the long run, its regional marketplace head has said.
2024-09-13 07:00 +02:00
Shoprite has launched an online shopping and bulk delivery service aimed at small businesses, including spaza shops.
2024-07-03 11:24 +02:00
OneCart CEO Aidan Johnson believes South Africa is on the cusp of further big growth in online shopping.
2023-11-16 10:00 +02:00
Walmart-owned South African retail group Massmart has appointed a new head of e-commerce.
2023-11-06 09:49 +02:00
A revamped OneCart promises to provide price comparisons between stores – including non-Massmart-owned stores.
2023-09-19 09:47 +02:00
South Africa has begun taking steps to resolve what the presidency believes is the biggest impediment to growth after Eskom.
2023-07-05 07:56 +02:00
Massmart has introduced parent Walmart’s global integrated fulfilment software to all Makro stores, with plans to expand to Game and Builders soon.
2023-05-24 14:24 +02:00
Massmart has appointed Thembani Biyam as vice president of group e-commerce for business-to-consumer platforms.
2023-05-02 10:39 +02:00
Massmart said has launched a solar funding solution to help customers reduce their reliance on Eskom as load shedding in South Africa continues unabated.
2023-03-15 09:57 +02:00
The strategy is to build Massmart into a force able to see off its brick and mortar rivals and then win a looming battle against Amazon.
2022-10-21 16:46 +02:00JSE:SLM JSE:SHP JSE:N91 JSE:AVI JSE:NY1 JSE:SPG JSE:MSM JSE:MPT JSE:ISA
Massmart has begun staff consultations about closing its Game stores in East and West Africa, after efforts to find buyers failed.
2022-10-05 09:54 +02:00
Massmart reported a 50% year-on-year jump in e-commerce sales for the period to 26 June, even as its income statement was once again stained in red ink.
2022-08-29 10:35 +02:00
Walmart looks set to buy out minority shareholders in Makro parent, JSE-listed Massmart, as the US retail giant doubles down on its South African operations.
2022-08-29 07:56 +02:00
Makro has launched its first “native” app, allowing consumers to shop using an app rather than the company’s website.
2022-07-20 09:52 +02:00
Massmart’s troubled general merchandise retail chain Game has relaunched its website, with a focus on e-commerce, as part of a turnaround strategy.
2022-05-10 11:44 +02:00
Massmart has reported full-year results stained in red ink thanks in part to the impairment an SAP ERP system at troubled retailer Game.
2022-03-07 08:41 +02:00
Massmart on Tuesday warned of a bigger annual loss, due to store damages and lost trading income suffered as a result of the July looting.
2021-12-21 12:23 +02:00
Shoprite Holdings said Checkers has entered into a joint venture agreement with its delivery partner, RTT Group, as part of a push to grow its e-commerce business.
2021-12-13 11:18 +02:00
Thousands of striking workers at companies under Massmart will return to work after reaching an agreement over disputes.
2021-12-07 06:50 +02:00
Thousands of workers, disgruntled over low wages and changes to terms and conditions of employment, went on strike on Friday.
2021-11-19 10:11 +02:00
Massmart has assured customers that planned strike action will not interfere with their Black Friday shopping plans.
2021-11-18 10:23 +02:00
Workers will start an indefinite strike on Friday at all group companies owned by Walmart-led Massmart Holdings in South Africa.
2021-11-16 07:28 +02:00
With an explosion in online sales expected in South Africa in the coming decade, e-commerce is becoming core to the growth strategy of Walmart-owned Massmart.
2021-10-10 14:45 +02:00
Walmart-owned retail group Massmart has secured the acquisition of online shopping logistics firm OneCart after announcing in August that it was in talks to buy the company.
2021-10-06 17:38 +02:00
Over R30-billion is being left on the table because of consumer experience problems and other issues, which is coincidentally the current market value of e-commerce in South Africa.
2021-08-30 07:42 +02:00JSE:CLS JSE:AVI JSE:SPG JSE:MSM JSE:MPT JSE:EMN JSE:HUG JSE:EMH
JSE-listed Massmart, which owns Makro, Builders and other well-known retail brands, said on Wednesday that it has entered discussions to buy a controlling stake in e-commerce specialist OneCart.
2021-08-25 14:20 +02:00
A trading update for the first half of the year from Massmart on Friday spooked investors who had been banking on a stronger recovery. Game is at the centre of the problems.
2021-08-16 14:55 +02:00
It is not yet clear just how extensive the destruction of particularly retail and warehouse property and the looting of stock in the unrest in KwaZulu-Natal and Gauteng was.
2021-07-19 06:08 +02:00JSE:SHP JSE:NED JSE:PPH JSE:CLS JSE:INP JSE:WHL JSE:MRP JSE:SPP JSE:INL JSE:TBS JSE:IPF JSE:MSM JSE:CSB JSE:FBR JSE:MPT JSE:LEW JSE:MST
Massmart, the South African retail group owned by US giant Walmart, said 41 of its stores, which include Builders, Makro and Game outlets, were looted and trashed in this week’s violent carnage.
2021-07-16 09:24 +02:00
President Cyril Ramaphosa pleaded for calm following days of protests that were triggered by last week’s incarceration of his predecessor and have claimed 10 lives, forced businesses to shut and weakened the rand.
2021-07-12 19:43 +02:00
Some of South Africa’s largest companies were forced to halt operations as violence erupted in parts of the country, with rioters torching trucks and looting stores.
2021-07-12 14:24 +02:00JSE:FSR JSE:MTN JSE:SBK JSE:VOD JSE:DCP JSE:JSE JSE:MSM JSE:MPT
Less than a year after joining Telkom’s board, former Openserve CEO Alphonzo Samuels has resigned as a non-executive director. The company has also appointed two new directors.
2021-07-02 12:22 +02:00JSE:FSR JSE:OMU JSE:TCP JSE:TBS JSE:BAW JSE:TKG JSE:MSM JSE:DTC JSE:SBP JSE:ISA
Creditors remain in the dark as CNA battles to avoid business rescue.
2021-05-17 07:05 +02:00
E-commerce was one bright spot in an otherwise mostly grim set of results from Walmart-owned retail group Massmart for the 2020 financial year ended 27 December.
2021-03-08 12:06 +02:00
South African retail sales fell more than expected in November, despite deeper Black Friday discounts and month-long promotions, pointing to lingering weakness in the economy
2021-01-21 14:28 +02:00
South Africa’s weak economy and poor growth prospects have hidden the “phenomenal” potential for the shares in some locally focused companies to deliver returns for investors, according to Old Mutual Investment Group.
2020-11-04 13:00 +02:00JSE:MTN JSE:VOD JSE:SHP JSE:APN JSE:OMU JSE:ITE JSE:MSM JSE:RBX JSE:ISA JSE:SSK
South African businesses have had to respond to the coronavirus and lockdown restrictions since March. At the same time, the country’s economy is in crisis. Here’s how companies are coping.
2020-09-18 07:20 +02:00JSE:AGL JSE:AMS JSE:FSR JSE:MTN JSE:SBK JSE:VOD JSE:IMP JSE:SSW JSE:ABG JSE:SHP JSE:NED JSE:PPH JSE:AVI JSE:SPG JSE:MSM JSE:SUI
Massmart said on Thursday its first-half headline loss widened to R1.1-billion, as sales at its stores fell due to Covid-19 restrictions. E-commerce, on the other hand, blossomed through the lockdown.
2020-08-27 07:47 +02:00
Walmart-controlled retail group Massmart said on Tuesday that it will cut as many as 1 800 employees at its Game stores in South Africa.
2020-07-07 15:55 +02:00
President Cyril Ramaphosa has warned of widening job losses as the effects of a shutdown to curb the spread of the coronavirus batter the economy.
2020-06-22 08:53 +02:00
In the midst of the Covid-19 lockdown, supermarket giant Pick n Pay is upping the ante in South Africa’s online retail game by launching a same-day grocery delivery service in partnership with Bottles.
2020-04-08 06:18 +02:00
Massmart-owned electronics retailer DionWired is gone. The troubled Walmart-owned retail group said on Thursday that all DionWired stores will cease trading at 6pm on 19 March.
2020-03-19 12:03 +02:00
The Competition Commission has approved JSE-listed technology group Altron’s acquisition of identity management security specialist Ubusha Technologies.
2020-03-04 07:47 +02:00JSE:SBK JSE:VOD JSE:ABG JSE:NED JSE:INP JSE:INL JSE:TKG JSE:JSE JSE:MSM JSE:ISA
South African companies have announced plans to cut more than 10 000 jobs less than three months into 2020 with electronics company Ellies the latest to start the process of reducing its headcount
2020-03-03 09:11 +02:00
Although yet to recover from Edcon’s woes and downsizing, South Africa’s shopping centre landlords are set to face even more intense rental negotiations with other major retailers.
2020-02-24 08:11 +02:00
Less than a month into 2020, South African companies have already announced thousands of job cuts. In a country where a third of the labour force is already unemployed, this will put even more strain on economic growth.
2020-01-22 06:17 +02:00
Communications minister Stella Ndabeni-Abrahams said on Thursday that she will meet urgently with Telkom management to discuss the company’s plan to let go of as many as 3 000 employees.
2020-01-16 13:29 +02:00
It comes as no surprise that the South African unit of Walmart, Massmart, is in talks with unions to shut down its DionWired and Masscash stores, analysts say.
2020-01-14 15:40 +02:00
Massmart plans to close the 23-store DionWired chain of hi-tech appliance shops as well as 11 Masscash wholesale outlets, a spokesman said by phone on Monday.
2020-01-13 10:50 +02:00
Retail group Massmart Group, whose assets include Makro, Game and DionWired, warned on Monday that it’s likely to close a range of stores affecting the jobs of nearly 1 500 employees.
2020-01-13 09:00 +02:00
JSE-listed technology group Altron said on Monday that it had acquired Ubusha Technologies, an identity management security company, for R360-million.
2019-12-09 07:55 +02:00JSE:SBK JSE:VOD JSE:ABG JSE:NED JSE:INP JSE:INL JSE:TKG JSE:JSE JSE:MSM JSE:ISA
Massmart will have to take a long, hard look at its embattled Massdiscounters division to turn the group’s fortunes around, and this should include a rationalisation of its Game and DionWired stores.
2019-08-07 06:33 +02:00JSE:SHP JSE:PPH JSE:MRP JSE:AVI JSE:MSM JSE:MPT JSE:SFN JSE:ISA
South African business leaders are becoming frustrated with the pace of reform under President Cyril Ramaphosa. His cabinet choices and spending pledges haven’t helped.
2019-07-10 06:10 +02:00
An exodus of CEOs during the economic downturn is becoming alarming, particularly as there are apparently so few ready replacements.
2019-06-06 06:00 +02:00South African grocery retailers Woolworths and Pick n Pay are limiting the amount of eggs shoppers can buy as the country`s worst outbreak of avian flu hits table egg supplies and threatens the supply of chicken meat.
2023-10-04
South Africa`s biggest supermarket group Shoprite expects diesel costs to operate generators to remain elevated given rolling power cuts, pressuring its margins, but says new store openings will drive growth in 2023.
2023-03-07U.S. retail giant Walmart Inc. has signed an agreement to begin buying the 47% stake in South African retailer Massmart it does not own, the companies said in a joint statement on Thursday.
2022-09-01JOHANNESBURG (Reuters) -U.S retail giant Walmart Inc, which owns a majority stake in Massmart, has proposed to acquire the rest of shares in the company in a deal valued at 1.34 billion rand ($78.93 million), the South African retailer said on Monday.
2022-08-29With two days to go until opening to the public, workers rush to put the finishing touches on the Kwena Square shopping complex, a shiny $13 million sign that South Africans are defying the global "retail apocalypse".
2022-06-29
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 country`s civil unrest last year.
2022-02-18Thousands of striking workers at companies under Massmart Holdings in South Africa, which is owned by Walmart Inc, will return to work after reaching an agreement over disputes, a labour union said on Monday.
2021-12-06JOHANNESBURG (Reuters) -Thousands of workers, disgruntled over low wages and changes to terms and conditions of employment, went on strike on Friday at companies owned by Walmart-led Massmart Holdings in South Africa, a labour union said.
2021-11-19South Africa`s Massmart is in advanced talks to buy a controlling stake in grocery delivery service OneCart Pty Ltd as part of a push to grow its e-commerce business, the Walmart-owned retailer said on Wednesday.
2021-08-25Recent unrest in South Africa damaged hundreds of businesses but property developers and retailers say they remain committed to the fast-growing consumer markets of its predominantly Black townships.
2021-07-29JSE:SHP JSE:N91 JSE:RDF JSE:AVI JSE:NY1 JSE:VKE JSE:MSM JSE:MPT JSE:ARH JSE:SFN JSE:ISA
JOHANNESBURG (Reuters) -President Cyril Ramaphosa said on Friday the unrest that has ripped through South Africa in the past week was stabilising and calm has been restored to most of the affected areas, but the destruction will cost the country billions of rand.
2021-07-16South Africa`s big retailers are working round the clock to replenish shelves with food in hundreds of stores looted this week in some of the country`s worst unrest for years, they said on Friday.
2021-07-16
South African President Cyril Ramaphosa was due to visit KwaZulu-Natal province - one of the flashpoints of a spasm of violence and heartland of support for his predecessor Jacob Zuma - on Friday as the unrest appeared to abating.
2021-07-16
* Stocks defy global rally, dragged lower by property, retail (Updates prices, adds detail, background)
2021-07-13
South Africa`s Vodacom Group said on Tuesday about 70 businesses had signed up or committed to the mobile operator`s new digital financial services "super app" that promises to be a one-stop shop for online transactions.
2021-06-29
South African hospitality, grocery retail and gym stocks sank on Monday alongside the rand currency after the government tightened COVID-19 restrictions to cope with new coronavirus infections.
2021-06-28JSE:SHP JSE:NED JSE:WHL JSE:SPP JSE:AVI JSE:TSG JSE:MSM JSE:SUI JSE:BAT
South Africa`s Massmart plans to sell its food retail outlets Cambridge Food, Rhino and fruit and vegetable distributor Fruitspot to focus on high returning businesses.
2021-03-08South African retailer Massmart reported a larger full-year net loss of 1.753 billion rand ($114.18 million) on Monday as coronavirus-led restrictions hammered sales and costs rose.
2021-03-08South African retailer Massmart said on Friday it was planning further store closures and flagged a deeper full-year net loss of more than 1.7 billion rand ($116.8 million) after curbs related to the COVID-19 pandemic hammered sales.
2021-02-19South African retailer Massmart on Thursday posted lower sales for the fourth quarter, which includes the crucial holiday season, due to less foot traffic, a softer Black Friday trade and coronavirus curbs.
2021-01-21South African retail sales fell more than expected in November, despite deeper Black Friday discounts and month-long promotions, as sales of other items like jewellery and clothes contracted.
2021-01-21South African retailer Massmart on Thursday posted lower sales for the fourth quarter, which includes the crucial holiday season, due to less foot traffic, a softer Black Friday trade and coronavirus curbs.
2021-01-21Unilever has agreed to pull all its TRESemmé haircare products from South African retail stores for 10 days as a show of remorse for a "racist" ad, the consumer group said in a joint statement with an opposition political party.
2020-09-10
* Shares up 11.7%, hit highest in four months (Rewrites first paragraph, adds details)
2020-08-27
South Africa retailer Massmart Holdings Ltd has started talks with unions to cut up to 1,800 jobs at the company`s struggling Game stores as constrained spending and the new coronavirus weigh on performance, the company said on Tuesday.
2020-07-07JSE:TBS JSE:AVI JSE:ACL JSE:SPG JSE:MSM JSE:MPT JSE:LEW JSE:ARH
* Receives $232 mln loan from parent Walmart (Adds details, quote)
2020-06-17South African shoppers filled trolleys with cases of beer and cider and bottles of whiskey and wine on Monday as the government eased the coronavirus lockdown to allow the sale of alcohol to resume after a nine-week ban.
2020-06-01
South African retailer Massmart said on Monday sales in the 19 weeks to May 10 fell 11.9%, hit by a five-week coronavirus lockdown that prevented the company from selling most of its general merchandise, home improvement and liquor products.
2020-05-18
South Africa`s competition watchdog said on Tuesday it was investigating over 300 complaints against retailers and suppliers for charging excessive prices for essential products during the coronavirus outbreak.
2020-03-31
South African retailer Massmart said on Monday it was confident it had sufficient funding in place to weather a 21-day nationwide lockdown but said it was too soon to estimate the financial impact of the coronavirus outbreak.
2020-03-30
South Africa’s biggest supermarket, Shoprite, will limit purchases of some food products and medicines, it said on Thursday, as frantic shoppers stripped shelves to prepare for possible isolation during the coronavirus outbreak.
2020-03-19
South Africa’s biggest supermarket Shoprite will limit purchases of some food products and medicines, it said on Thursday, as frantic shoppers stripped shelves to prepare for possible isolation during the coronavirus outbreak.
2020-03-19
South Africa`s Massmart fell to an annual headline loss of 1.1 billion rand ($72 million) as consumers cut back on discretionary spending on items such as appliances, the retailer said on Thursday.
2020-02-27
South Africa`s Massmart Holdings on Thursday forecast a loss for the full-year as it battled tough trading conditions in the second half and said it will reorganise four of its businesses into two divisions.
2020-01-30South African telecoms company Telkom SA told unions on Wednesday it could cut up to 3,000 of more than 15,000 staff as it struggles with declining performance in fixed voice and fixed data services.
2020-01-15
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.
2020-01-13
South Africa`s biggest supermarket chains could be forced to drop exclusivity clauses in shopping mall leases if they fail to do so voluntarily, the country`s competition watchdog said in findings from a sector inquiry published on Monday.
2019-11-25
South African retailer Massmart on Thursday warned of lower headline earnings per share for the first half of the year and said that Walmart executive Mitchell Slape would become its new CEO.
2019-05-23Massmart Chief Executive Guy Hayward will step down before the end of the year, the South African retailer said on Monday, ending five years at the helm of the supermarket group as it plans to expand further in Africa.
2019-05-06South African grocer Shoprite is to buy back deferred shares held by its chairman Christo Wiese to simplify its voting structure but substantially curbing Wiese`s influence in the company he helped turn into an African powerhouse.
2019-04-18
