Massmart Holdings Limited (JSE: MSM) is a South African firm that owns local brands such as Game, Makro, Builder’s Warehouse and CBW. It is the second-largest distributor of consumer goods in Africa, the largest retailer of general merchandise, liquor and home improvement equipment and wholesaler of basic foods.
Masscash was founded in 1990
Masscash executes its strategy through a portfolio of leading financial services franchises; Rand Merchant Bank (RMB), the corporate and investment bank; First National Bank (FNB), the retail and commercial bank; WesBank, an instalment finance provider; and Ashburton Investments, the group’s asset management business.
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Masscash Information
| Industry | Retail |
|---|---|
| Founded | 1990 |
| Founder | Mark Lamberti |
| Headquarters |
Sandton
, South Africa
|
|
Number of locations
|
423 (31 January 2023) |
|
Area served
|
Sub-Saharan Africa |
| Products | Food, Liquor, General Merchandise, Home Improvement |
| Revenue | R91.564 billion (2016) |
|
Operating income
|
R2.603 billion (2016) |
|
Net income
|
R1.322 billion (2016) |
| Total assets | R31.883 billion (2016) |
| Total equity | R6.183 billion (2016) |
|
Number of employees
|
45,000+ (2015) |
| Parent | Walmart (2011–present) |
| Divisions | Massdiscounters, Masswarehouse, Masscash, Massmart |
| Subsidiaries | Makro Game Builder’s Superstores CBW |
| Website | www.massmart.co.za |
- Recommended: 100 List of Richest companies in Africa 2023
Source – Wikipedia.
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