Shoprite gets approval to buy stores from Makro and Game owner
The Competition Tribunal has approved the Shoprite Group's proposed transaction to buy numerous Massmart-owned wholesalers, supermarkets, and liquor stores, but with extensive conditions.
Earlier this year, Shoprite offered...
Massmart reports billion-rand loss
Massmart expects to post a R1.05-billion to R1.16-billion loss for the 26-week period that ended on 26 June 2022.
This represents a year-on-year change ranging from a 3.5% improvement to a 6.5% decline.
Massmart selling food stores to Shoprite Checkers for R1.36 billion
Retail group Massmart has announced it will sell some of its food-focused retailers and cash and carry stores to Shoprite Checkers for R1.36 billion.
The transaction, which is subject to regulatory approvals, will see...