We've got news for you.

Register on DispatchLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Massmart sells sinking food unit to Shoprite Checkers for R1.3bn

The sale forms part of a turnaround plan led by Massmart CEO Mitchell Slape

Massmart, owner of Builders and Game, has sold its loss-making Rhino and Cambridge food businesses to Shoprite Checkers for R1.36bn, allowing it to divest from fresh food retail and focus on its better-performing businesses as part of a plan to return to profitability...

This article is reserved for DispatchLIVE subscribers.

Get access to ALL DispatchLIVE content from only R45.00 per month.

Already subscribed? Simply sign in below.

Already registered on HeraldLIVE, BusinessLIVE, TimesLIVE or SowetanLIVE? Sign in with the same details.

Questions or problems? Email helpdesk@dispatchlive.co.za or call 0860 52 52 00.