Massmart is a managed portfolio of four divisions, each focused on high-volume, low-margin, low-cost distribution of mainly branded consumer goods for cash, in 12 countries in sub-Saharan Africa comprising 348 stores.

The Group is the second largest distributor of consumer goods in Africa, the leading retailer of general merchandise, liquor and home improvement equipment and supplies, and the leading wholesaler of basic foods.

 
     

Prospects

For the eight weeks to 19 August 2012, total sales increased by 17.7% and comparable sales increased by 9.8%, continuing the trends experienced towards the close of the financial year.

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Strategic agenda

We have made good progress in our four priorities of: completing the Walmart transaction; Walmart integration; maintaining trading momentum; and being a good Corporate Citizen.

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