Walmart-owned retailer Massmart, whose brands include Makro and Game, said on Monday it could retrench about 3% of its workforce as it continues a turnaround strategy under new CEO Mitchell Slape.

After conducting a store optimisation project that highlighted a number of underperforming stores, the group began consultations that could affect 1,440 employees across 34 DionWired and Masscash stores, the company said on Monday...

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