TIISETSO MOTSOENENG: Will burnt Massmart’s renewal survive e-commerce?
Plan to rejuvenate Game and its other divisions might not hold up against competition from those such as Takealot
04 March 2020 - 19:09
When Walmart launched a bid of $2.3bn (about R25bn in today’s money) to buy a controlling stake in Massmart 10 years ago one of the biggest reasons for entering SA's consumer market was to take on established grocery retailers Shoprite, Pick n Pay and Spar.
Game, Massmart’s flagship chain with stores across the country, would drive the Johannesburg- based company’s push into the food retail market, which is estimated to be worth about nearly half a trillion rand...
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