Massmart, the South African retail group owned by US giant Walmart, said 41 of its stores, which include Builders, Makro and Game outlets, were looted and trashed in this week’s violent carnage.
E-commerce was one bright spot in an otherwise mostly grim set of results from Walmart-owned retail group Massmart for the 2020 financial year ended 27 December.
Walmart-controlled retail group Massmart said on Tuesday that it will cut as many as 1 800 employees at its Game stores in South Africa.
Massmart-owned electronics retailer DionWired is gone. The troubled Walmart-owned retail group said on Thursday that all DionWired stores will cease trading at 6pm on 19 March.
Although yet to recover from Edcon’s woes and downsizing, South Africa’s shopping centre landlords are set to face even more intense rental negotiations with other major retailers.
Massmart will have to take a long, hard look at its embattled Massdiscounters division to turn the group’s fortunes around, and this should include a rationalisation of its Game and DionWired stores.
A mobile payments proof of concept focused on townships around Durban in KwaZulu-Natal will be expanded to sites around the country, financial technology start-up iKhokha has said. iKhokha, which
The free-to-air satellite broadcaster will pull the plug on four channels off its platform in the next two months as it rejigs its line-up, it said on Wednesday. E.tv sister company and free-to-air satellite
South African online classified websites were this week overflowing with post-Christmas offers to sell various goods. It was however unclear if they were unwanted gifts or attempts to make up for festive season overspending. A white lion skin, 18-year-old Oude Meester Souverein brandy in a gift set box, a trained Yorkie
Apple this week began selling iTunes Store and App Store vouchers in South Africa through Pick n Pay retail outlets, TechCentral has established. They will soon be available through iStore, Hi-Fi Corp, Makro, Dion Wired and Game outlets, too. The iTunes Store and