Massmart Holdings Limited (Massmart) is a South African-based regional management company, invested in a portfolio of differentiated, complementary, focused wholesale and retail formats. Massmart is a managed portfolio of nine wholesale and retail chains, each focused on distribution of mainly branded consumer goods for cash, in 14 countries in sub-Saharan Africa through four divisions comprising 256 stores. The Company is a distributor of consumer goods in Africa, a retailer of general merchandise, liquor and home improvement equipment and supplies, and a wholesaler of basic foods. The Company operates in four segments: Massdiscounters, Masswarehouse, Massbuild and Masscash. The Massdiscounters segment operates as a general merchandise discounter. The Masswarehouse segment operates a warehouse club. The Massbuild segment operates as a home improvement retailer and building materials supplier. The Masscash segment operates as a food wholesaler and buying association.
Nov.2010: Joint announcement of a firm intention by Walmart to make an offer to acquire 51% of the ordinary share capital of Massmart on the basis set out in this announcement and withdrawal of cautionary announcement
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Illegal salmon nets seized in Donegal United Kingdom
Inland Fisheries Ireland has seized 26 untagged salmon in the Glenties area in Donegal and 1100 yards of illegal salmon drift nets off Inishbeg Island.