Stay updated with breaking news from Mitchell Slape. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Covid and the July riots might have smashed earnings at Massmart, but its poor performance in the years before 2020 and 2021 will not let it easily benefit from any potential green shoots.
‘We're in a good enough position that we're actually increasing our capex spend going into this coming year in order to fuel the growth in the business’: CEO Mitch Slape.
Damage and closure of stores, as well as timing of insurance payments, put pressure on a company that was already struggling to return to profit
Group sales declined 1.9% to R84.9bn, with looting, Covid-19 restrictions on trade and global supply shortages weighing on the Game owner
Sales are down by a shockingly large number, but the devil is in the detail …