Whatever you think happened may actually be totally wrong. Nonetheless, Massmart was one of Walmart's worst investment decisions, which later turned into one of their biggest costs / lessons / losses to fix, in order to get it delisted from the JSE and subsequently close down a number of stores and retrenching many. I have heard many birds sing abroad that Walmart may want to get rid of Makro and Builders, but it struggles to find a buyer. I suspect a lot more losses await while they still hang on to these businesses.