After years of reporting losses in the glare of the public eye, Massmart in a surprise move this week announced plans to go private as a fully owned subsidiary of US retail giant Walmart, a move the company and analysts say offers the best chance of turning around its flagging fortunes.
Search and seizure operations at eight major life insurance groups this week by SA’s top anti-trust watch dog surprised the market with doubts raised by analysts about it being able to uncover any collusive behaviour in what is considered a highly competitive industry.