Woolworths donates surplus food to 890 local charities across South Africa, every day
Experts say the company’s stock had long lost its value, rendering its delisting immaterial
Walmart buying the remaining shares of Massmart would give the struggling retailer financial and operational support to help turn it around, the group said
The increase in e-commerce is driving the demand in storage and distribution space, it will also hurt bricks and mortar retail in the long run
Walmart bought Massmart in 2011 and over the past 10 years the share price of the group has decreased by 80%.
The move may provide a short-term economic boost, but it also has long-term health costs
Changed market conditions and an appalling economy has hit low end cash-and-carry outlets
The Competition Commission inquiry into the grocery retail sector goes beyond exclusive property clauses.
The retailer has thrown in the towel after several failed attempts to improve performance in the north African country.
SA food and goods wholesaler Massmart says sales growth has decreased during the first half of the year amid a downturn in consumer spending.
The company has not proved to be the hungry giant the competition had feared and it will take more time to feel Walmart’s muscle.
Fund managers are divided over South African retail shares, which have outperformed resources by 20%.
According to reports, a US union paid legal fees for a local union to fight US retail giant Walmart’s acquisition of local retailer Massmart.
The government’s interference in the Walmart merger with Massmart will jeopardise future foreign investment, says the Inkatha Freedom Party.
The government has roundly welcomed the ruling on the Walmart/Massmart merger and appears unlikely, at present, to take the matter to court.
Namibia’s trade and industry minister is giving Walmart’s Massmart takeover the nod, provided it does not cut job within the first two years.
Africa’s largest food retailer has reported a healthy rise in first-half profits, which they have partly attributed to higher prices and better wages.
Finance Minister Pravin Gordhan says there will be more certainty about foreign direct investment in South Africa within the next year.
The Supreme Court of Namibia has backed the decision by competition authorities to impose conditions on Walmart’s purchase of SA retailer Massmart.
The Shoprite Group continues to lead the pack but the other retailers are pulling out all the stops.
