News Leader
WATCH: Why Massmart withheld a dividend
Massmart CEO Mitchell Slape talks to Business Day TV about the group’s full-year results
28 February 2020 - 10:50
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. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.