The Wal-Mart-owned retailer Massmart has missed profit estimates as a result of disappointing performance from Game.
Food retailers are trading at the cheapest premium to the nation’s benchmark stocks index as economic factors curb their profit growth.
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.
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 has roundly welcomed the ruling on the Walmart/Massmart merger and appears unlikely, at present, to take the matter to court.
The Competition Appeal Court has dismissed the state’s appeal against the Walmart-Massmart merger, but acknowledged legitimate concerns over the deal.
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.
Whether Walmart succeeds in buying a controlling share of a major SA chain could affect whether other Americans come to do business on the continent.
Small traders in India have planned demonstrations over the state’s plan to give companies such as Tesco access to the Indian market.
Black Friday turned into mayhem as riotous crowds brawled over video games, waffle irons and towels, drawing international condemnation.
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.
Saccawu says Walmart could pursue its "anti-union philosophy" if its merger with local retailer Massmart goes ahead in its current form.
Blame for the high cost of filling one’s trolley cannot be laid at the retailers’ door
The appeal for a review of the merger between US retailer Walmart and local company Massmart is groundless, say counsel for the merging firms.
The state is set to appeal for a review of the Massmart-Walmart merger today, arguing the deal will have a potentially devastating effect on jobs.
Cosatu and Saccawu have announced their intention to embark on "mass pickets" at the Walmart-Massmart appeal hearing in Cape Town this week.
