• Walmart veteran to take the helm at Massmart

    Less than a month after the resignation of Guy Hayward as Massmart CEO was announced, his replacement has been revealed. Walmart (which holds a majority stake in the South African retailer) is to parachute in one of its own – Mitchell Slape. 51-year-old Slape has worked at Walmart for 25 years in various roles across

    Categories: SagaRetail News - Retail & Shopping Malls - South Africa

  • Massmart reorients growth efforts towards East Africa and Zambia

    South African retailer Massmart, in which Walmart holds a majority stake, intends to open 47 new stores by 2021, with about a third of this space to be located outside of its domestic market. According to CEO Guy Hayward, “Zambia and East Africa are interesting to us because they’re not totally dependent on mineral resources

    Categories: SagaRetail News - Kenya - Zambia

  • Adeo parks a tank on Massmart’s lawn

    French Home Improvement giant Adeo opened its first Leroy Merlin store in Africa during late September. The 17,000m² Leroy Merlin store is located on the outskirts of Johannesburg, just a few hundred metres from a Massmart Builder’s Express. Two more Leroy Merlin outlets are currently under construction in South Africa, with a fourth planned for

    Categories: SagaRetail News - Retail & Shopping Malls - South Africa