We strive to provide useful and frequent disclosure to our shareholders, regardless of how hard this may be in periods of difficulty or underperformance.

Massmart reports formally to shareholders twice a year (in February and August) when its half-year and full-year results, together with a thorough executive overview, are announced and issued to shareholders and the media. On both occasions the Chief Executive Officer, Chief Financial Officer and certain Group executives give presentations to institutional investors, analysts and the media.


    Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Analyst presentation and preliminary announcement                      
Final dividend declared                      
Cape Town institutional investor roadshow                      
Johannesburg institutional investor roadshow                      
Final dividend paid                      
United States institutional investor roadshow                      
United Kingdom institutional investor roadshow                      
Publication of Annual Report                      
Annual General Meeting                      
Financial half-year                      
Analyst presentation and interim preliminary announcement                      
Interim dividend declared                      
Cape Town institutional investor roadshow                      
Johannesburg institutional investor roadshow                      
Interim dividend paid                      
Financial year-end                      

Early in January and July, shortly after the conclusion of the half-year and full-year trading periods, on release of the Annual Report and at the Group’s annual general meeting in November, Massmart releases sales updates reporting on the Group’s year-to-date sales performance. In addition, annually in May, the Group CEO and CFO host a day-long visit by institutional analysts and investors to Massmart stores. A sales update is released along with this visit.

During the year, apart from closed periods, the Chief Executive Officer and Chief Financial Officer together meet regularly with institutional shareholders and, in addition, are available for meetings or conference calls with analysts and any existing or prospective Massmart shareholder.

Profits are distributed to our shareholders at interim and year-end by way of a cash dividend. The dividend is calculated based on a dividend cover of 1.7 on headline earnings unless circumstances dictate otherwise. Despite the slightly lower headline earnings and this policy, the Board has decided to maintain this year’s dividend at the same level as last year. A further dividend is distributed to our Thuthukani shareholders, arising from the Massmart black economic empowerment transaction which came into effect in October 2006. The Thuthukani dividend is now 100% of the ordinary dividend.


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More detail on our shares and shareholder information can be found here

Massmart at a Glance

Company Secretary


Corporate partners

I Zwarenstein, CA(SA) Company registration number Transfer secretaries
  1940/014066/06 (incorporated in South Africa) Computershare Investor Services (Pty) Limited

Contact details

  70 Marshall Street
Registered office Johannesburg
Massmart House JSE share code 2001
16 Peltier Drive MSM  
Sunninghill Ext 6    
Sandton ISIN Principal bankers
2191 ZAE000029534 Nedbank Group Limited
South Africa   ABSA Bank Limited

Design partners

The Standard Bank of South Africa Limited
Postal address Publisher annual report First National Bank (A division of
Private Bag X4 Ince.motiv FirstRand Bank Limited)
Sunninghill   Investec Bank Limited
2157 Photographer  
South Africa Kevin Rudham Auditors
    Deloitte & Touche
Telephone number    
+ 27 (0) 11 517 0000   Corporate law advisors
    Edward Nathan Sonnenbergs
Facsimile number   Cliffe Dekker Hofmeyr
+ 27 (0) 11 517 0020    
    Lead sponsor   Deutsche Securities

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