WATCH: What was behind Massmart’s slump
Retailer Massmart reported its annual results on Thursday. Recording a slump of more than 31% in headline earnings.
The slump is due to lower-than-expected sales and a higher expense growth. As a result, the group has slashed its dividend by more than 40% to 208c.
CEO Guy Hayward joined Business Day TV to give the nitty-gritty behind the numbers.
Massmart CEO Guy Hayward talks to Business Day TV about the retailer’s full-year results
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