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 17 February 2013, total sales increased by 11.4% and comparable sales increased by 5.7%, continuing the trends experienced towards the close of the financial year.

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Strategic agenda

The legal aspects of the Walmart transaction and the integration activities are complete and we are now able to focus on improving the operations and implementing our Strategic Agenda.

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