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Massmart has been through the wringer, losing an estimated R4.5bn in sales due to the looting and violence in July last year and Covid alcohol restrictions, but its parent Walmart is standing firmly behind it.

Massmart CEO Mitch Slape said in an interview this week, after the release of results for the 52 weeks ended December 26 2021, that he is  “even more strongly” convinced of Walmart’s support for Massmart, which reported a R2.2bn annual loss. This is the group’s third year of losses...

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