Kaya 959 Kaya Biz

Makro And Game Owner Massmart Has Announced The Sale Of Several Non-Core Businesses To The Shoprite Group

Loading player...
The sale will see Shoprite take ownership of Cambridge Food, Rhino, Massfresh and 12 Cash & Carry stores. The sale is still subject to regulatory approval, which Massmart hopes will be concluded in the first quarter of 2022. Massmart said that it will use the sale proceeds to pay down drawn bank facilities and invest in e-commerce. It will also pump money into merchandise areas where the remaining Massmart brands are the market leaders.
23 Aug 2021 12PM English South Africa Business News · Investing

Other recent episodes

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min

Clicks Lifts HEPS 8% Despite Warehouse Disruptions.

Clicks delivered firm interim results with diluted HEPS up 8.1%, even as warehouse system delays cost an estimated R175 million in lost sales. CEO Bertina Engelbrecht discusses pharmacy growth, trading margins, and festive‑season competition.
23 Apr 2PM 16 min
All episodes