Global retailer Walmart is again coming to the aid of subsidiary Massmart, owner of Game and Builders Warehouse, by paying a third-party provider of financial services for the next two years, with the JSE-listed retailer having to repay the money interest free. 

Walmart owns a majority stake in Massmart, which has lost more than R1bn for two consecutive years, as retailer Game struggles to turn a profit. Walmart in 2020 provided Massmart with a rolling R4bn loan as the SA company’s medium term debt became due. ..

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