Massmart has swung to an annual loss of more than R1bn.

This largely due to an impairment related to the group’s non-profitable stores in Massdiscounters and Masscash stores, including Game and DionWired. The divisions were hard hit during the period, with trading profit plummeting to a loss of R674m. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now