A good week
We realise that a R1.8bn loss doesn’t enter the ledger as, well, a good thing, but the market’s reaction to Massmart’s results is a fine indicator that the company is finally climbing its way out of retail’s dumpster. It helps when expectations are that low, and the lockdown DIY effect has been a real boon, but kudos to CEO Mitchell Slape, Walmart’s enforcer, as he goes about breathing life into the business. Only another 174% to go and Walmart will finally break even on its 2010 investment...
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