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Massmart doubles down on everything but horror-show Game

Each unprofitable Game store lost about R1m every month in 2021. ....

Kwazulu Natal , South Africa , Cape Town , Western Cape , Free State , East London , Eastern Cape , East Rand , Mitchell Slape , Riversands Fourways , Southern African Development Community , West African , Garden Route , Plettenberg Bay , Mossel Bay , Builders Express , North West , Northern Cape ,

Massmart puts up a brave front after being battered and...

Covid and the July riots might have smashed earnings at Massmart, but its poor performance in the years before 2020 and 2021 will not let it easily benefit from any potential green shoots. ....

South Africa , United Kingdom , Mitchell Slape , Syd Viannello , Smart Spend ,

Massmart losses widen; forgoes dividend yet again

‘We re in a good enough position that we re actually increasing our capex spend going into this coming year in order to fuel the growth in the business’: CEO Mitch Slape. ....

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Massmart warns of more than R2bn loss after civil unrest

Damage and closure of stores, as well as timing of insurance payments, put pressure on a company that was already struggling to return to profit ....

Karl Gernetzky , Sunday Times , Civil Unreast , Covid 19 , Mitchell Slape , Usiness Live ,

July unrest brings more woe to loss-making Massmart

Group sales declined 1.9% to R84.9bn, with looting, Covid-19 restrictions on trade and global supply shortages weighing on the Game owner ....

Karl Gernetzky , Sunday Times , Supply Shortages , Mitchell Slape , Dion Wired , Keith Mclachlan , Cash And Carry , Usiness Live ,