Why Walmart wants to buy out and delist Massmart
‘We were probably the retailer most challenged in the civil unrest last year,’ says CEO Mitchell Slape as he heads into his last six months with the company.
Source: moneyweb.co.za
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Jonathan Molapo to succeed Mitch Slape as Massmart CEO
This Women's Month, we chat with Lusanda Moletsane, managing director and CEO of Khumo ea Tsebo Advisory Services, a consulting services company that aims to turn failing farms around...
Source: bizcommunity.com
Walmart Takes Massmart Private to Revive South African Business
Walmart is preparing for increased competition amid press reports that Amazon.com Inc. is planning to expand into Africa’s most-industrialized nation.
Source: themiddlemarket.com
Walmart puts in R6.4-billion offer for beleaguered Mass...
American retail giant, Walmart, which is already the majority 53% shareholder in Massmart, has proposed a R6.4-billion cash, buy-out offer for the shares it does not already hold in the SA-based retailer, a likely prequel to a major restructuring of the stressed group.
Source: dailymaverick.co.za
Why US giant Walmart wants all of SA Massmart at R62 a share
Walmart buying the remaining shares of Massmart would give the struggling retailer financial and operational support to help turn it around, the group said
Source: mg.co.za