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Search Tag: Massmart
- Shoprite bid for Massmart food business goes before Competition Tribunal todayPretoria, Gauteng, SA (04 September 2022) - The Competition Tribunal will today hear submissions relating to the proposed large merger wherein Shoprite Supermarkets (Pty) Ltd intends to acquire the following from Massmart Holdings Limited:* 56 retail supermarket stores and 43 retail liquor stores operated under the brand names Rhino Cash ...moreMassmart: Covid-19Johannesburg, Gauteng, SA (May 18, 2020) – Shareholders are referred to the SENS announcement issued on 30 March 2020 which provided an update of the impact of the Covid-19 national lockdown on the Massmart Group. As previously reported, Massmart supports the measures the South African Government has outlined to contain the sp ...moreMassmart interim results June 2019Johannesburg, Gauteng, SA (August 29, 2019) – Revenue for the interim period grew to R43.9 billion (R41.7 billion) whilst gross profit rose to R8.4 billion (R8.1 billion). Operating loss before interest came to R129.8 million (profit of R571.1 million). Loss for the period of R585.8 million (profit of R190 million). Furthermore, he ...moreMassmart - extracts from business update; trading statement 2019Johannesburg, Gauteng, SA (July 30, 2019) – For the 26-week period, Massmart's sales of R43.8bn represent total growth of 5.5% and comparable sales growth of 3.6%, with year-to-date product inflation of 2.7%. Total sales growth from our South African (SA) stores was 4.9%, while the same figure from our ex-SA stores was 11.8% in R ...more
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