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Walmart South Africa

Retail

South Africa’s Massmart Warns of Bigger Half-Year Losses due to Lockdown

Luis Monzon -
Massmart, a South African super-retailer and owner of Game stores, says it is expecting its half-year loss to widen at least 50% because of a substantial hit to its sales from the nationwide coronavirus lockdown. Majority owned by American retailer...
Africa By Region

DionWired Bleeding Money – No Question Why Stores Are Closing

Luis Monzon -
Massmart JSE-listed South African branch of Walmart and owner of Game, DionWired and Makro stores, reported a $110 million turnaround in its profits in 2019, plunging to a net loss of $55 million. By all accounts and measures applied...
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CybersecurityMamsi Nkosi -

Octa Analyst Shares 4 Tips SA Traders Can Use Against Sophisticated Scams

The Financial Sector Conduct Authority (FSCA) issued an urgent warning about sophisticated scams targeting traders. Fraudsters are now using deepfake...
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