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Companies / Retail & Consumer

July unrest brings more woe to loss-making Massmart

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28 January 2022 - 08:06 Katharine Child and Karl Gernetzky
UPDATED 28 January 2022 - 09:55

Loss-making Massmart, the owner of Makro, Game and Builders, reported group sales declined in its 2021 year, and it experienced a particularly bad fourth quarter as it battled the effect of July’s civil unrest on product availability.

The company’s Builders division grew sales 7.1% to R14.9bn, but it reported a slowdown in sales in the fourth quarter from October to December 26. ..

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