In the eleventh year of its existence - its first as a public company - Massmart recorded solid progress towards its strategic, organisational and financial objectives. 


For the first 16 weeks of the 2002 financial year, sales growth including acquisitions is in excess of 25%. This growth is consistent across all product categories. Comparable store sales growth for the same period exceeds 12%.

In the absence of a deterioration in Southern African economic conditions, Massmart is poised to produce earnings growth in excess of sales growth and the retail sector, in line with the Groupís expectations on listing.


  Divisional Reports & Directorate

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Sales (Rm)


Operating margin (%)

Stores by Region
South Africa
Gauteng 33
Kwazulu-Natal 21
Western Cape 10
Eastern Cape 10
Other 25

Sub-total 99

Outside South Africa
Namibia 2
Botswana 3
Zimbabwe 2
Zambia 1
Lesotho 1

Sub-total 9

Total 108

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