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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now