Massmart

Walmart Doubles-Down on Massmart in African Market Push
Walmart Doubles-Down on Massmart in African Market Push
September 11, 2023  |  Walmart

Walmart has reportedly renewed its commitment to Africa by increasing its online efforts at South African retailer Massmart. Walmart initially acquired a controlling stake in...

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Walmart Gambles on Africa’s Retail Potential
Walmart Gambles on Africa’s Retail Potential
October 21, 2022  |  Africa

Dek: Following Walmart’s decision to take full ownership of Massmart, any suggestion that the retailer could back out of its African venture has been effectively...

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EMEA Daily: Walmart to Delist Africa’s Massmart in Deal to Buy out Retailer
EMEA Daily: Walmart to Delist Africa’s Massmart in Deal to Buy out Retailer
August 29, 2022  |  International

Today in Europe, the Middle East and Africa (EMEA) news, Walmart has announced that it is acquiring the remaining shares in South Africa’s Massmart, while...

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Walmart to Delist Africa’s Massmart in Deal to Buy Out Retailer
Walmart to Delist Africa’s Massmart in Deal to Buy Out Retailer
August 29, 2022  |  Acquisitions

Walmart has struck a deal to fully acquire Massmart and purchase the shares it doesn’t already own for 62 rand ($3.65) each, with the deal...

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EMEA Daily: Fraugster, Worldline Deliver Chargeback Protection; UAE-Based FI Mashreq Launches Non-Banking Services Platform
EMEA Daily: Fraugster, Worldline Deliver Chargeback Protection; UAE-Based FI Mashreq Launches Non-Banking Services Platform
August 02, 2022  |  emea

In today’s top news from Europe, the Middle East and Africa (EMEA), South African retailer Massmart struggles to stay afloat, and financial institution Mashreq unveils...

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Walmart-Owned Massmart Can’t Overcome Pandemic, Inflation, Other Hurdles
Walmart-Owned Massmart Can’t Overcome Pandemic, Inflation, Other Hurdles
August 02, 2022  |  Retail

Walmart-owned South African retailer Massmart is struggling to overcome ongoing restrictions and lockdowns related to the continuing spread of COVID-19 across the region, according to...

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Walmart-Owned Massmart Reports $290M+ Loss, Turns To Growing eCommerce Business
Walmart-Owned Massmart Reports $290M+ Loss, Turns To Growing eCommerce Business
March 07, 2022  |  Earnings

South Africa-based retail group Massmart Holdings said on Monday (March 7) that it was still feeling the severe impact of a July 2021 civil unrest...

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Today in FinTech: Buckle up for the New FinTechIPO™ Index
Today in FinTech: Buckle up for the New FinTechIPO™ Index
February 18, 2022  |  IPO

In Today’s FinTech news, PYMNTS is introducing the FinTechIPO™ Index to give people an idea of how the firms within the index are performing, while...

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Today in the Connected Economy: Parking Operators Trying to Combat QR Code Fraud; Trax, Raistone Partner on Invoice Payment Extensions
Today in the Connected Economy: Parking Operators Trying to Combat QR Code Fraud; Trax, Raistone...
February 18, 2022  |  Connected Economy

Today in the connected economy, Massmart enhances eCommerce offerings in South Africa thanks to a partnership with Mastercard, and Nepal becomes the first country outside...

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