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Walmart buying the remaining shares of Massmart would give the struggling retailer financial and operational support to help turn it around, the group said
(Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images)

Why US giant Walmart wants all of SA Massmart at R62 a share

Walmart buying the remaining shares of Massmart would give the struggling retailer financial and operational support to help turn it around, the group said

Changes: Employees sort items in the Amazon warehouse in England. (Oli Scarff/Getty Images)

Amazon may threaten SA retailers

Amazon plans to move into South Africa in 2023 and the world’s biggest online marketplace might give local companies a run for their money

Massmart should ditch Game, say analysts

Massmart will not be profitable as long as it keeps Game, analysts say

Walmart bought Massmart in 2011 and over the past 10 years the share price of the group has decreased by 80%.

Oil slips on weak global demand

Worries about global economic growth and expectations of a weak US jobs report pushed oil prices lower on Friday.

Surging shoppers kill New York Wal-Mart worker

A man working for Wal-Mart was killed on Friday in a stampede by frenzied shoppers who broke down doors and surged into a Long Island store.

Wal-Mart toughens standards for Chinese suppliers

Wal-Mart Stores, the world’s largest retailer, says it will crack down on its Chinese suppliers by enforcing stricter quality standards.

Wal-Mart agrees to tighten policy on gun sales

Campaigners pressing for tougher controls on the sale of guns in the United States notched up a big victory this week when Wal-Mart, the country’s largest seller of firearms,…

Cheers as Toshiba nears HD DVD surrender

Investors cheered an impending end to a format war for next-generation DVDs on Monday, pushing up shares of both Toshiba, on the verge of abandoning its HD DVD discs, and Sony,…

US candidates switch into negative attack mode

Hillary Clinton and Barack Obama on Tuesday heightened the rancour of their Monday debate by attacking each other’s record and style, bringing what has become a mean-spirited and…

Clinton, Obama clash in bitter Democratic debate

Democratic candidates Hillary Clinton and Barack Obama engaged in a bitter crossfire on Monday as their United States presidential campaign took an ugly personal turn on the…

California sues 20 firms over toxic toys

California on Monday launched a lawsuit against 20 companies, accusing them of manufacturing or selling toys with illegal quantities of lead, a statement said. California…