Straight talkers are rare in business, but Massmart CEO Mitchell Slape isn’t shy to tell it how it is.

It’s been a year in the saddle for Slape after Walmart parachuted him in to save its African investment. It’s been 10 long years for Walmart, which acquired 51% of Massmart at the start of the "lost decade" for a whopping R148 a share. After 10 years of rand depreciation and the Massmart share price on a downward spiral, Walmart is down 91% in dollar terms.

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