Massmart plummets after loss widens

[Bloomberg]

Massmart plummets after loss widens

Massmart Holdings fell the most in more than two months in Johannesburg after the Walmart Inc.-owned South African retailer said its first-half loss widened.

 

[LCBXX]

I guess you can't sustain an economy with <30% of South Africans spending, can you?

Corporates keep getting into bed with the ANC, though. No sympathy from me.