Squeezing Walmart’s lemon
Massmart’s Mitchell Slape is fixing the retailer — but a dividend payday is some way off
11 March 2021 - 05:00
Massmart may have wrong-footed some naysayers this week, but a return to dividends will be a long way off given how much the retailer owes parent Walmart.
Massmart’s shares spiked a cool 20% on Monday to close at R54.10, and rallied again on Tuesday despite posting a R1.8bn loss for the year ended December 27...
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