Retail
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Walmart takes full control of Massmart following US$371m stake acquisition deal
SOUTH AFRICA – South African retailer Massmart has delisted from the Johannesburg Stock Exchange following its full acquisition by American multinational retail corporation Walmart in…
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Shoprite continues to narrow focus on outside markets, mull exit from DRC
DRC – Shoprite, Africa’s largest supermarket retailer, has decided to shut its operations in Democratic Republic of Congo. The decision follows its exit from Nigeria,…
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Spar group registers decline in full year profits despite 7% rise in turn-over
SOUTH AFRICA – South African retailer with operations abroad, Spar, has delivered a resilient group performance in the full year ended September 2022, despite various…
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Moroccan retail-tech startup WafR raises funding, Algerian super app Yassir seeks to launch in SA
MOROCCO – Moroccan retail-tech startup WafR, which helps retail brands to deliver promotions to grocers, has raised a further US$120,000 in funding as it continues…
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Checkers races to become greener as parent company reports sales growth in first quarter
SOUTH AFRICA – Shoprite Group’s Checkers Supermarket, is rolling out new shopping trolley baskets made from 100% recycled plastic – mostly old milk bottles –…