Massmart, owner of Builders and Game, has sold its loss-making Rhino and Cambridge food businesses to Shoprite Checkers for R1.36bn, allowing it to divest from fresh food retail and focus on its better-performing businesses as part of a plan to return to profitability.

The low-income supermarket division recorded a R363.5m loss in 2020 and a R310.2m loss in 2019...

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