Massmart, which has brands that include Makro and Game, intends to sell an additional 14 Masscash stores as it continues a turnaround drive and grapples with a R6bn sales hit from Covid-19.

The company, which is owned by the world’s largest grocer, Walmart, announced a turnaround plan in January 2020 as well as the potential closure of 34 DionWired and Masscash stores, ultimately opting to dispose of 11 of the latter...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.