Walmart’s Massmart to close non-performing stores in South Africa

SOUTH AFRICA– South African retailer Massmart has decided to close all of its non-performing stores, as cash-strapped consumers battle with high unemployment, modest wage increases and higher average fuel and utility prices. Massmart, majority-owned by […]

South Africa’s Masscash chief executive Kevin Vyvyan-Day to resign

SOUTH AFRICA – Masscash, the food, liquor and general merchandise wholesale division of Massmart, has announced the resignation of the its chief executive officer, Kevin Vyvyan-Day, with effect from the end of August. Massmart Holding […]